March 30, 2021 @ 5:25 pm By JD Alois  |  

Walgreens (NASDAQ:WBA) has revealed an agreement with InComm Payments, a global payments company, to provide financial services options for its customers. The move by Walgreens is part of a broader expansion of Fintech that financial services are offered in a more decentralized manner thus challenging… Read More

March 30, 2021 @ 8:33 am By JD Alois  |  

The Ontario Securities Commission (OSC) has issued a statement that crypto trading platforms must be in compliance with existing securities law or they fact potential regulatory action. This news arrives around the same time the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization… Read More

March 30, 2021 @ 8:12 am By JD Alois  |  

LendInvest, a digital platform for property finance, has appointed top UK law firm Blacks Solicitors to its legal panel for its Buy-to-Let product.  Blacks Solicitors specializes in providing legal advice to owners, landlords, lenders, and tenants of commercial and residential properties. Blacks will join four… Read More

March 30, 2021 @ 8:00 am By JD Alois  |  

Folk2Folk, a unique peer-to-peer lender serving SMEs that operates multiple physical locations, has announced it expects to turn a seven-figure profit for its 2020 financial year. According to Folk2Folk, the anticipated profit of around £1 million is a significant increase from the company’s pre-tax profit… Read More

March 29, 2021 @ 11:45 pm By JD Alois  |  

Ripple has agreed to acquire a 40% stake in cross-border payments Fintech Tranglo, according to a public release. Tranglo, based in Malaysia but operates across Asia, reports 1300 partners having completed 20 million transactions at $4 billion in value. Tranglo claims to be one of… Read More

March 29, 2021 @ 9:43 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged LBRY with conducting an offering of digital assets deemed to be unregistered securities. LBRY is a blockchain-based company that is working on a digital marketplace, using its native currency LBC, for content such as images, video, audio,… Read More

March 29, 2021 @ 5:07 pm By JD Alois  |  

In a joint statement today, five federal financial regulatory agencies announced a consultation pertaining to the usage of artificial intelligence (AI) as well as machine learning (ML) within financial institutions. The agencies seek information from the public on how financial institutions use AI in their… Read More

March 29, 2021 @ 2:59 pm By JD Alois  |  

Last week, the British Business Bank updated on progress pertaining to loans given to UK firms impacted by the ongoing COVID-19 health crisis. Originated under several government programs designed to support businesses during a difficult time, the Bank said that 1,630,155 government-guaranteed loans worth £75.1… Read More

March 29, 2021 @ 11:25 am By JD Alois  |  

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have jointly published a notice outlining securities law requirements that apply to crypto-asset trading platforms (or CTPs) and how they may be tailored by regulators, according to a public statement. The… Read More

March 29, 2021 @ 8:54 am By JD Alois  |  

 Visa (NYSE:V)  is “bridging digital and fiat” currency by integrating the USDC stablecoin. Visa said that by enabling USDC it is creating the ability to one day support Central Bank Digital Currencies (CBDCs). In a blog post, Visa explained that after months of planning the… Read More

March 28, 2021 @ 10:00 pm By JD Alois  |  

Christin Friedrich is CEO and majority shareholder of Innovestment, an alternative financing platform founded in 2012 that is focused on the long-term sustainable impact for SMEs based in Germany. She is also chairwoman of the board of the European Crowdfunding Network (ECN), the association that… Read More

March 28, 2021 @ 7:48 pm By JD Alois  |  

In a Tweet last Friday, Seedrs reported a big investment day for the platform where Passion Capital raised “over £2 million” in a couple of hours and MacRebur raised £1.6 million on Thursday. Seedrs said the first quarter of 2021 had been great. The comments… Read More

March 26, 2021 @ 9:35 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has announced that the U.S. District Court for the Southern District of New York entered a default judgment against Benjamin Reynolds, of Manchester, England. According to the judgment, Reynolds operated a fraudulent scheme to solicit Bitcoin from members of… Read More

March 26, 2021 @ 10:05 am By JD Alois  |  

Securrency, a developer of blockchain-based financial and regulatory technology, has partnered with Ownera, a digital securities software company to provide investors with access to a global network of interconnected private financial markets and stimulating global liquidity, according to a release. The thesis behind the partnership… Read More

March 26, 2021 @ 9:55 am By JD Alois  |  

Pires Investments plc (AIM: PIRI) has provided an update on its investment in Pluto Digital Assets plc, a company that is operating in the digital assets sector. Pluto is a company that invests in, incubates and advises digital asset projects and DeFI and networks such… Read More

March 26, 2021 @ 9:37 am By JD Alois  |  

Horizon Globex GmbH and MERJ Exchange Limited are partnering on what is said to be the first tokenized SPAC or special purpose acquisition company. The joint venture is described as revolutionizing SPACs. The SPAC  IPO is predicted to reach $100 million in value. The launch… Read More

March 26, 2021 @ 9:07 am By JD Alois  |  

The UK Competition and Markets Authority (CMA) has publicly acknowledged the decision by Crowdcube and Seedrs to abandon the proposed merger of the two venture financing platforms. This past week, the CMA announced it had provisionally decided not to allow the merger to be consecrated…. Read More

March 26, 2021 @ 8:53 am By JD Alois  |  

Electric car manufacturer Fisker Inc. (NYSE: FSR) has signed a Memorandum of Understanding with Crédit Agricole Consumer Finance, to possibly supply Fisker Ocean SUVs. While the MOU is nonbinding the intent is to offer the Fisker SUV to select private banking clients and employees beginning… Read More

March 26, 2021 @ 8:47 am By JD Alois  |  

SoFi, a top Fintech that will go public via a SPAC, has announced that account holders may gain access to shares of companies completing an initial public offering (IPO). In an IPO, shares are typically sold to institutions at a set price. These firms then… Read More

March 26, 2021 @ 2:00 am By JD Alois  |  

Curve, a Fintech that offers a popular smart card and app, has joined with Theatre Support Fund+ to auction off five NFTs (non-fungible tokens) in support of London theatre. The NFT auction is scheduled to end on Friday, April 9, 2021, and Curve is encouraging… Read More