April 24, 2022 @ 9:33 pm By JD Alois  |  

StartEngine has branched out from simply listing securities in early-stage ventures to things like collectibles such as wine or artwork. StartEngine has started to offer investments in non-traditional assets that may provide a hedge against heightened volatility in other sectors. Recently, StartEngine listed an investment… Read More

April 24, 2022 @ 9:22 pm By JD Alois  |  

WeOwn has announced new cross-chain asset interoperability. WeOwn is a blockchain technology provider that targets the lending and equity capital space. Among other services, it aims to allow firms to raise capital via a digital securities or securities token offering. WeOwn is based in Munich,… Read More

April 24, 2022 @ 5:52 pm By JD Alois  |  

This week, the Securities and Exchange Commission (SEC), Division of Enforcement, requested an extension pertaining to the disgorgement of funds affiliated with Poloniex. To go back in time a bit, Poloniex is one of the few crypto exchanges that the SEC has targeted with an… Read More

April 22, 2022 @ 11:55 am By JD Alois  |  

Crowdcube has become the first investment crowdfunding platform to be approved under the new European Crowdfunding Service Provider Rules (ECSPR) that went into effect in November of 2021. Crowdcube, a platform that has long operated a subsidiary in Spain, received approval from the Spanish regulator… Read More

April 22, 2022 @ 5:40 am By JD Alois  |  

Germany-based Giesecke+Devrient (G+D) has partnered with Patch, a digital carbon credit marketplace, to provide bank customers with a payment solution. In a release, G+D said the partnership is an expansion of its ecosystem of eco-innovative partnerships that supports banks and Fintechs in their sustainability strategies…. Read More

April 22, 2022 @ 5:23 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published an expected report on challenger banks and financial crime controls which states that some are falling short when it comes to diligence against malfeasance such as money laundering. The review, conducted during 2021, said that some challenger… Read More

April 21, 2022 @ 4:50 pm By JD Alois  |  

  Anchorage Digital Bank, the first-ever charted digital asset bank, has been hit with a consent order from the Office of the Currency of the Comptroller (OCC), the lead federal bank regulator. According to a statement by the OCC, that action was taken due to… Read More

April 21, 2022 @ 2:46 pm By JD Alois  |  

Former Plaid President and co-founder William Hockey, along with his wife Annie, have purchased a small Californian bank – becoming co-CEOs of the financial institution. Plaid is a leading open banking provider that is helping banks and Fintechs to modernize services by connecting dispersed firms… Read More

April 21, 2022 @ 11:30 am By JD Alois  |  

According to a filing submitted to the Securities and Exchange Commission (SEC), Elon Musk has provided details on how an acquisition of Twitter (NASDAQ:TWTR) will be financed. The document outlines the specifics of the deal: A debt commitment letter, dated April 20, 2022, from Morgan… Read More

April 21, 2022 @ 9:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has received a forfeiture order for £2,000,000 regarding erstwhile Fintech QPay Europe Limited, a firm that at one point sought to be regulated by the FCA. The money was initially frozen in “urgent proceedings” initiated by the FCA in… Read More

April 21, 2022 @ 9:25 am By JD Alois  |  

European unicorn Qonto has easily topped its crowdfunding goal utilizing Crowdcube. Qonto is a Payment Institution regulated, approved and supervised by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR). Qonto, a company that has already raised €486 million in Series D funding, stated earlier… Read More

April 21, 2022 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ), a future-facing card issuance platform, has announced a new set of tools to battle the ever-present fraudsters that challenge all financial services firms. “RiskControl” is a new feature designed to provide Marqeta customers with a comprehensive service to handle end-to-end risk management… Read More

April 20, 2022 @ 10:43 pm By JD Alois  |  

Treinta, a super-app that aims to provide SMEs with a range of services supporting these firms across the Latam region, has raised a large $46 million Series A funding. According to the company’s website, in Latin America there are more than 50 million microenterprises, of… Read More

April 20, 2022 @ 6:00 pm By JD Alois  |  

In late January, the Securities and Exchange Commission (SEC) proposed amendments to the Exchange Act and the definition of an Exchange as well as Regulation ATS (Alternative Trading System). The proposal was opened to comments with a deadline of this week (April 18). The SEC… Read More

April 20, 2022 @ 4:39 pm By JD Alois  |  

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has moved once again to take action against Russian entities as part of the growing sanctions against the rogue nation and its unprovoked war against Ukraine. In the first action of its kind,… Read More

April 20, 2022 @ 11:28 am By JD Alois  |  

BlockApps, an enterprise blockchain provider, has raised $41 million in funding in a round led by Liberty City Ventures. BlockApps has its own blockchain platform – STRATO, which is in use as some large firms like Bayer, as well as the US government. Other new… Read More

April 20, 2022 @ 11:09 am By JD Alois  |  

ADDX, a full-service capital markets platform with Monetary Authority of Singapore (MAS) licenses for the issuance, custody, and secondary trading of digital securities, along with Singtel and UOB have priced Singapore’s largest foreign currency digital bond, to date. Digital bonds, or tokenised bonds, are issued… Read More

April 20, 2022 @ 10:49 am By JD Alois  |  

Artificial intelligence (AI) startup Futr has raised £2.1 million from Blackfinch Ventures, according to a statement from the company. Futr is a live chat and customer service chatbot that aims to disrupt customer service by leveraging AI. Futr has a mission of “delivering superpowers to… Read More

April 20, 2022 @ 10:39 am By JD Alois  |  

Everstage has raised a $13 million Series A funding round that is being led by Elevation Capital. Everstage previously raised a $1.7 million seed round from 3one4 Capital, which also participated in this round. Launched in 2020, Everstage is described as a “modern sales commission… Read More

April 20, 2022 @ 8:58 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) has turned on the feature to enable extended hours of securities trading. The new feature was revealed earlier this month and turned on yesterday. Account holders may now trade during pre-market hours (7AM to 9:30AM ET) and post-market hours (4PM to 8PM ET)… Read More