July 19, 2021 @ 11:28 am By JD Alois  |  

Prometeo, a large open banking platform based in Uruguay, has announced a new program for startups called Spark. The program enables startups, Fintechs, and small businesses access to its infrastructure of banking connections with APIs, free of charge. Prometeo stated that participants will have access… Read More

July 19, 2021 @ 11:08 am By JD Alois  |  

Zodia Custody Limited, a crypto-focused firm backed by Standard Chartered, is now registered with the UK Financial Conduct Authority as a regulated crypto-asset firm. Standard Chartered partnered with Northern Trust to launch Zodia. Earlier this month, Zodia announced a new wholesale trading platform for crypto-assets…. Read More

July 19, 2021 @ 10:45 am By JD Alois  |  

The Securities and Exchange Commission (SEC) says it has received a temporary restraining order and asset freeze to halt an alleged ongoing offering targeting retail investors. Reportedly, 277 individuals have committed $12 million to a firm called Profit Connect Wealth Services Inc, operated by a… Read More

July 19, 2021 @ 10:32 am By JD Alois  |  

Grayscale, a digital asset manager that offers crypto funds to retail investors with more than $28 billion in assets under management as of July 16, 2021, has partnered with CoinDesk on a new DeFi (Decentralized Finance) fund, according to a release. The Grayscale DeFi Fund… Read More

July 19, 2021 @ 9:38 am By JD Alois  |  

Robinhood, a fast-growing digital trading platform for both traditional securities as well as crypto, has filed an updated S-1 with the Securities and Exchange Commission (SEC) in advance of its forthcoming initial public offering (IPO). According to the document, Robinhood aims to raise up to… Read More

July 19, 2021 @ 8:50 am By JD Alois  |  

Clausematch has published a report stating that the Regtech industry is at a tipping point as firms deal with “the ever-increasing regulatory burden and the cost of maintaining compliance.” Clausematch has distributed its ‘”Voice of Regtech” survey. According to the company, the survey was carried… Read More

July 18, 2021 @ 5:22 pm By JD Alois  |  

  The number of FINRA regulated funding portals has plateaued in the past few months. Periodically Crowdfund Insider reviews the roster of funding portals, a new type of financial entity created by the JOBS Act of 2012. Under the Act, approved platforms may raise capital… Read More

July 17, 2021 @ 6:05 pm By JD Alois  |  

Digital assets are inclusive of securities, commodities, utilities, and all of the above. For crypto exchanges, the ability to trade security tokens makes sense – if you are fully compliant. Yesterday, the world’s largest crypto exchange Binance announced it will no longer support stock tokens…. Read More

July 17, 2021 @ 5:00 pm By JD Alois  |  

The Hong Kong Securities and Futures Commission (SFC) has issued a notice that Binance may be offering stock token offerings to Hong Kong investors. The SFC stated that Binance is not licensed to offer regulated activity in Hong Kong. Binance has recently been the target… Read More

July 16, 2021 @ 7:17 pm By JD Alois  |  

  France, not always at the top of mind when it comes to innovative tech firms, is gaining traction when it comes to VC funding of innovative young firms. According to research by Avolta Partners, a boutique investment bank, there are now 17 unicorns in… Read More

July 16, 2021 @ 3:22 pm By JD Alois  |  

Recently, the European Commission distributed a proposal pertaining to the harmonization of consumer credit. The proposal is being reviewed in light of the advent of the digitization of consumer credit. To quote the factsheet distributed by the Commission: “Consumer credit helps consumers finance all sorts… Read More

July 16, 2021 @ 1:31 pm By JD Alois  |  

Morty, a marketplace for mortgages that enables people to compare different mortgage offerings, has raised $25 million in a Series B funding round led by March Capital. Additional investors include Rethink Impact, Thrive Capital, Lerer Hippeau, Prudence Holdings, FJ Labs and Metaprop. Nora Apsel, co-founder… Read More

July 16, 2021 @ 12:28 pm By JD Alois  |  

The Secretary of the Treasury Janet L. Yellen has announced plans to convene the President’s Working Group on Financial Markets (PWG) to discuss the hot topic of Stabelcoins. The PWG meeting, which will include the Office of the Comptroller of the Currency and the Federal… Read More

July 16, 2021 @ 12:20 pm By JD Alois  |  

NextSeed, an online capital formation platform, says it has now topped $8 million in returns since its inception in 2015. Initially launched as a bank replacement platform providing loans to SMEs, NextSeed has since expanded its offerings into other securities. In an email, NextSeed said… Read More

July 16, 2021 @ 12:08 pm By JD Alois  |  

Tink, an open banking platform, has appointed Rowan Taylor as its new role of Chief Revenue Officer (CRO). Taylor previously worked at AWS and is said to have 26 years of experience in banking technology including stints at Accenture, KPMG and Gartner. Taylor will be… Read More

July 16, 2021 @ 12:02 pm By JD Alois  |  

Numio, a crypto payments and transfer platform, has closed on a $1.25 million seed round. The funding was led by HashKey Capital with participation from LD Capital, Youbi Capital, Caballeros Capital, DVC, ZMT Capital, as well as angel investors including Suji Yan of Mask Network,… Read More

July 16, 2021 @ 11:31 am By JD Alois  |  

Asset management apps or investment apps, like Robinhood or Coinbase, are rising in popularity according to a research report. Apps the enable crypto trading, more traditional stock investments, FOREX and more are seeing increased utilization states Sensor Tower. These types of apps grew 198% during… Read More

July 16, 2021 @ 10:11 am By JD Alois  |  

The Bank of Lithuania has issued a warning targeting Binance and its “unlicensed investment services provided in Lithuania.” The Bank did not indicate whether or not it was taking further action to compel Binance to cease any activity within Lithuania. The central bank ordered Binance… Read More

July 16, 2021 @ 9:51 am By JD Alois  |  

Marketplace lending platform Assetz Capital has added two executives to its bridging team to accelerate the growth of bridge loans. Assetz Capital states that the moves signal a strategic focus on the bridging market for the lender. Since 2013 the Fintech has originated about £1.5… Read More

July 15, 2021 @ 5:03 pm By JD Alois  |  

Square (NYSE:SQ) founder and CEO Jack Dorsey revealed a new business line for the company focused on Bitcoin. Dorsey announced the “open developer platform” via his other company Twitter. Dorsey said the goal is to make it easy to create “non-custodial, permissionless, and decentralized financial… Read More