April 23, 2021 @ 10:08 am By JD Alois  |  

Back in October of 2020, the European Union launched a consultation on the possibility of creating a central bank digital currency (CBDC) or digital euro. The results of the consultation will help guide the European Central Bank’s decision as to whether, or not, to launch… Read More

April 22, 2021 @ 10:51 pm By JD Alois  |  

Prospa (ASX:PGL), an online lender serving Australia and New Zealand, has released a Q3 2021 trading report stating that loan origination volumes have returned to pre-COVID levels faster than anticipated. According to the company, loan originations in Q3 2021 (Jan-March) stood at $121 million –… Read More

April 22, 2021 @ 7:49 pm By JD Alois  |  

Global Digital Finance (GDF), an organization that advocates on behalf of the digital asset industry, has distributed a letter sent to the Financial Action Task Force (FATF) pertaining to guidelines regarding the regulation of virtual assets and virtual asset service providers or “VASPs.” FATF is… Read More

April 22, 2021 @ 2:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that Alex Oh has been appointed Director of the Division of Enforcement. The Division of Enforcement is the largest within the SEC. Until her appointment, Oh was a partner at the law firm of Paul, Weiss, Rifkind,… Read More

April 22, 2021 @ 12:43 pm By JD Alois  |  

Digital investment platform Robinhood has selected Christine Brown to lead Robinhood Crypto as Chief Operating Officer, according to a statement by the company. Brown is expected to oversee all of Robinhood’s crypto operations and compliance. Currently an employee at Robinhood, Brown is expected to keep… Read More

April 22, 2021 @ 9:13 am By JD Alois  |  

UK bank NatWest is saying no to crypto. According to a report, business users that accept crypto, like Bitcoin, may be refused access to the bank’s services. As reported by the Guardian, NatWest BoardMember Morten Friis, who is head of the Risk Committee, explained during… Read More

April 21, 2021 @ 11:54 pm By JD Alois  |  

Ingatica, an Insurtech that offers a digital self-service and automation solutions for insurers, has closed on a USD $7 million pre-series A funding. The investment was led by Lingfeng Capital, with participation from SOSV Investment Funds, Australia-based Artesian, HK-Based AFG Partners Fund, as well as… Read More

April 21, 2021 @ 11:09 pm By JD Alois  |  

Digital bank Revolut is expanding into India, according to multiple reports. India, with a population of over 1.3 billion, assets of public sector banks are around Rs. 107.83 lakh crore or USD $ 1.52 trillion as of 2020, according to a recent report. In India,… Read More

April 21, 2021 @ 4:23 pm By JD Alois  |  

Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee, has announced the reauthorization of the Financial Technology [Fintech] and Artificial Intelligence [AI] Task Forces for the 117th Congress.  These two Task Forces are relatively new having emerged in the 116th Congress in 2019. The… Read More

April 21, 2021 @ 3:28 pm By JD Alois  |  

Christian Catalini, an MIT Professor and co-founder of Diem (formerly Libra), visited with CNBC yesterday providing a minor update on the much-anticipated cryptocurrency. Libra/Diem lurched into the crypto-sphere in 2019 with great expectations of becoming a non-sovereign digital currency utilized by the hundreds of millions… Read More

April 21, 2021 @ 11:36 am By JD Alois  |  

Today, the European Commission proposed new rules and actions as part of an effort to turn the European Union into a global hub for Artificial Intelligence (AI). The “first-ever” legal framework is designed to ensure trust and safety while fostering AI innovation. In a speech… Read More

April 21, 2021 @ 8:54 am By JD Alois  |  

Nikhil Rathi, Chief Executive of the UK Financial Conduct Authority (FCA), delivered a speech yesterday during a presentation at UK Fintech Week. Entitled, Levelling the playing field – Rathi provided perspective on innovation in financial services. He said that in 2019, Fintech revenue rose to… Read More

April 21, 2021 @ 1:17 am By JD Alois  |  

Said to be one of the first open banking partnerships in Italy, Banca Sella and Workinvoice have announced a partnership to develop end-to-end digital financial services for corporates. According to a note from the company, Workinvoice will integrate digital products for corporates, like services for… Read More

April 20, 2021 @ 5:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Sheng-Wen Cheng with allegations of defrauding investors in the offering of equity and digital asset securities, according to a complaint filed by the regulator. According to the SEC’s complaint, from approximately August 2017 to June 2018, Cheng… Read More

April 20, 2021 @ 5:31 pm By JD Alois  |  

Binance.US, an offshoot of Binance – the largest crypto exchange in the world, has hired the former Comptroller of the Currency, Brian Brooks, as its new Chief Executive Officer. In a strategic coup, Brooks will now be leading Binance.US, a top ten crypto exchange, in… Read More

April 20, 2021 @ 4:12 pm By JD Alois  |  

Beyond announcing a slew of new and updated products, Apple CEO Tim Cook provided some commentary on the Apple Card – a credit card launched in cahoots with Goldman Sachs (NYSE:GS). Cook said that Apple (NASDAQ:AAPL) set out to completely re-invent the credit card and… Read More

April 20, 2021 @ 2:59 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has settled charges against Jozef Gherman of Florida and J Squared LLC for making misleading statements or omitting material facts in connection with soliciting more than $300,000 from more than 40 individuals to invest in digital assets. According to… Read More

April 20, 2021 @ 11:25 am By JD Alois  |  

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee, has scheduled a meeting for Friday, April 30, 2021, from 10:00 a.m. to 2:30 p.m. (ET). This will be a virtual meeting and the event will be open to the public via a… Read More

April 20, 2021 @ 11:00 am By JD Alois  |  

Modiv, formerly operating as Rich Uncles, is seeking to open up real estate investing for smaller investors with unlisted REITS. Recently, the company announced the filing of a registration statement for Modiv Acquisition Corp. or “MAC SPAC” – looking to gain entry into the hot… Read More

April 20, 2021 @ 9:00 am By JD Alois  |  

Brex, a Fintech that offers cash management services and corporate cards, is now offering “Instant Payouts” for companies using Stripe, PayPal, and Square.  The feature was first launched last fall for business customers to gain immediate access to cash generated by their business. Instant Payouts… Read More