November 28, 2021 @ 7:56 pm By JD Alois  |  

Australian Ethical has, a “responsible investment and fastest-growing super fund manager” with over $6 billion in Funds Under Management (FUM), has awarded $500,000 to fund climate and tech solutions in its inaugural 2021 Visionary Grants. The funding was made via the philanthropic entity the Australian… Read More

November 27, 2021 @ 2:04 pm By JD Alois  |  

The People’s Bank of China has banned the use of WeChat and Alipay payment codes for businesses beginning on March 1, 2022, according to reports. WeChat and Alipay are the two most popular digital payment platforms in China. According to China News, personal collection codes… Read More

November 26, 2021 @ 10:58 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the leading research group covering the global digitization of financial services, will be launching a new set of  tools to “provide interactive Fintech market data and visualizations to inform evidence-based decision-making.” The new tools will be available on… Read More

November 26, 2021 @ 10:00 am By JD Alois  |  

Senator Sherrod Brown, Chairman of the Senate Banking Committee, has sent a letter to multiple stablecoin issuers and crypto exchanges. The letter was proceeded by a report issued by the President’s Working Group on Financial Markets that addressed stablecoins, published at the beginning of November…. Read More

November 25, 2021 @ 1:26 pm By JD Alois  |  

Interest in cryptocurrency has increased dramatically in the past year. Although crypto markets have sagged in recent weeks, both institutions and individual investors continue to trade and invest in crypto at a growing rate. A recent report by BrokerChooser highlights the most popular cryptocurrencies as… Read More

November 25, 2021 @ 9:48 am By JD Alois  |  

The confirmation of Saule Omarova, President Joe Biden’s selection to head the Office of the Comptroller of the Currency (OCC) – the top bank regulator, appears to be doomed as multiple Democrat Senators have expressed to the Whitehouse they will not support the nominee. Omarova,… Read More

November 25, 2021 @ 8:59 am By JD Alois  |  

Thunes, a payments Fintech that operates globally, has hired multiple executives as part of a move to boost international expansion. While based in Singapore, Thunes has offices around the world. According to a company release, Thunes has hired four executives to guide the firm in… Read More

November 24, 2021 @ 5:08 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Investor Advisory Committee will be discussing digital assets or crypto on December 2nd. According to the agenda, a panel discussion will be hosted  entitled “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.” This… Read More

November 24, 2021 @ 10:33 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained final judgment on an enforcement action that involved a securities offering for an erstwhile marijuana-based firm. According to the SEC, on November 19, 2021, the US District Court for the Central District of California entered final judgments… Read More

November 24, 2021 @ 9:11 am By JD Alois  |  

Bank North, previously operating as B-North, is looking to raise £1 million in growth capital on GrowthFunders. UK-based Bank North was granted a banking license (Authorised with Restrictions or ‘AWR’) by the UK’s Prudential Regulation Authority (PRA) this past August. Around the same time, the… Read More

November 23, 2021 @ 10:49 pm By JD Alois  |  

Payguru has introduced a new use case for Direct Carrier Billing (DCB) in partnership with Iyzico, a provider of virtual Point of Sale solutions (POS) in Turkey.Payguru is a TPAY MOBILE company – a firm that provides payments across the Middle East, Africa and Turkey…. Read More

November 23, 2021 @ 9:15 pm By JD Alois  |  

Funding Societies, an Asian digital finance platform supporting SMEs, has published a regional study to mark 5 years of online lending. Funding Societies originates microloans from USD $500 up to US$1.5 million, which can be disbursed in as fast as 24 hours. The report notes… Read More

November 23, 2021 @ 5:06 pm By JD Alois  |  

Earlier this month Robinhood (NASDAQ:HOOD) revealed that data had been stolen from its trading platform. More specifically, a hacker obtained a list of emails for 5 million individuals, full names for around 2 million people, and personal information, including dates of birth, zip codes, and… Read More

November 23, 2021 @ 2:52 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC), the leading regulatory overseeing national banks, has issued a letter confirming that national banks and federal savings associations can engage in crypto but must demonstrate adequate controls in place before they can engage in certain cryptocurrency,… Read More

November 23, 2021 @ 1:56 pm By JD Alois  |  

Binance is said to be approaching sovereign wealth funds to invest in the world’s largest crypto exchange. Binance, the largest crypto exchange in the world, has largely been able to avoid the growing concern of global financial regulators and an increasing desire to reign in… Read More

November 23, 2021 @ 10:14 am By JD Alois  |  

LinkedFinance is warning businesses to “avoid feeding dangerous 1980s inflationary spiral.” LinkedFinance is a peer-to-peer lender serving Irish SMEs. While business optimism remains high, nearly one-third of Irish companies are charging higher prices as the labor market tightens, states the company. According to the Linked… Read More

November 23, 2021 @ 9:49 am By JD Alois  |  

Azimo and Trustly have partnered to facilitate cross-border payments in Europe. Azimo is a money transfer service that aims to be the best way to send money to more than 190 different countries around the world. Trustly is an open banking platform targeting the payments… Read More

November 23, 2021 @ 9:16 am By JD Alois  |  

Circle, a digital asset firm that is a top stablecoin issuer and owner of investment platform SeedInvest, has invested $10.5 million in Crowdcube. The total funding round was $13.5 million. Circle’s investment in Crowdcube was made via USD Coin (USDC) – a dollar-based stablecoin. The percentage… Read More

November 22, 2021 @ 10:37 pm By JD Alois  |  

Global bank Citi (NYSE:C) is going on a crypto hiring spree, according to a report by Bloomberg. Citi is said to be hiring 100 people to support its emerging digital asset business that caters to institutional investors. Puneet Singhvi is said to have been appointed… Read More

November 22, 2021 @ 9:44 pm By JD Alois  |  

Hong Kong Licensed investment crowdfunding platform AngelHub has shared an update on platform operations. AngelHub is licensed and regulated by the Securities and Futures Commission for Type 1 (Dealing in Securities) and Type 4 (Advising on Securities) activities in Hong Kong. AngelHub was the first… Read More