February 26, 2021 @ 1:22 pm By JD Alois  |  

The US House Committee on Financial Services will revisit the GameStop/Reddit/Robinhood fiasco once again in mid-March. The Committee distributed an email last night indicating that a virtual hearing will take place on March 17th, at 12 noon, entitled, “Game Stopped? Who Wins and Loses When… Read More

February 26, 2021 @ 11:28 am By JD Alois  |  

TD Bank will shutter 82 branches as it seeks to reduce physical locations and cut costs as the transition to digital banking forges ahead. Yesterday, TD announced financial results for the first quarter ended January 31, 2021. TD reported earnings of CDN $3.3 billion, up… Read More

February 26, 2021 @ 9:34 am By JD Alois  |  

The long-anticipated report on the UK Fintech ecosystem and recommendations as to how to keep the robust market growing in a post-Brexit world has been published today. The Kalifa Review of Fintech seeks to provide a roadmap for the UK to maintain its prominence in… Read More

February 25, 2021 @ 10:50 pm By JD Alois  |  

Crowdo has announced the launch of a new platform in Indonesia that is described as the first “SME digitalization platform powered by Neobank technology.” According to Crowdo, the platform seeks to help businesses digitalize their operations that improve supply chain operations with financial and banking… Read More

February 25, 2021 @ 10:14 pm By JD Alois  |  

The US Department of Treasury has issued a statement on the Financial Action Task Force’s (FATF) second plenary meeting during the German Presidency of the global regulatory agency. According to Treasury, FATF advanced its work on several issues, including finalizing a non-public report on terrorist… Read More

February 25, 2021 @ 8:04 pm By JD Alois  |  

The Association of International Certified Professional Accountants and CPA.com have selected five early-stage ventures to participate in an accelerator. The program was launched in 2017 in recognition of the ongoing digital transformation taking place in financial services. Erik Asgeirsson, president and CEO of CPA.com, says the… Read More

February 25, 2021 @ 12:47 pm By JD Alois  |  

Skymind has announced its first cohort of investments from its $800 million AI fund. Skymind has invested in six startups that are leveraging AI to improve the performance of different industries and sectors across the globe. Skymind is an open-source enterprise deep-learning software company and… Read More

February 25, 2021 @ 12:34 pm By JD Alois  |  

Payments Fintech Nuapay is expanding its platform across Germany and Italy leveraging open banking. According to a statement by the company, Nuapay has connected with 308 banks in Italy and 435 banks in Germany, covering approximately 98% of Italian payers and 70% of German payers…. Read More

February 25, 2021 @ 11:12 am By JD Alois  |  

  According to multiple reports, Khurram Shroff, chairman of the IBC Group in Dubai, has pledged 100,000 Bitcoin for the Miami 2.0 Blockchain Strategy Foundation. At its current price point, 100,000 BTC is worth a whopping $5 billion. And if some prognosticators get it right,… Read More

February 25, 2021 @ 9:07 am By JD Alois  |  

As anticipated, Coinbase has publicly filed an S-1 outlining its plans to complete an initial public offering (IPO) on the NASDAQ. Accrording to the filing, Coinbase intends to raise up to $1 billion and  trade under the ticker symbol of “COIN.” The filing shares that… Read More

February 25, 2021 @ 8:37 am By JD Alois  |  

Thrillz, a platform that operates a personalized message service in partnership with celebrities, influencers, sports figures, impersonators, and more, is looking to raise growth capital on Seedrs. Are you interested in a birthday wish from Katie Price or a personalized message from Tara Reid? Well,… Read More

February 25, 2021 @ 6:32 am By JD Alois  |  

OakNorth Bank has completed a £4.4 million Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of Beulah Vista Caring Home in London. OakNorth Bank says that the number of care home beds per 100 people over the age of 85 has fallen… Read More

February 24, 2021 @ 10:22 pm By JD Alois  |  

PT Amartha Mikro Fintek a peer-to-peer lender that provides access to capital to micro and small entrepreneurs (MSEs). Founded in 2010, Amartha pivoted into a peer-to-peer lending platform in 2016 and is now one of the biggest P2P lenders in Indonesia. According to Amartha, the… Read More

February 24, 2021 @ 12:19 pm By JD Alois  |  

Today, Jerome Powell, Chairman of the Federal Reserve, returned to Capitol Hill for a hearing on the House side pertaining to Monetary Policy and the State of the Economy. Once again, much of the discussion hovered around COVID, monetary policy and his opinion on the… Read More

February 24, 2021 @ 10:51 am By JD Alois  |  

While Millennials and Gen Z have long been enthusiastic when it comes to crypto it now appears that Boomers and Gen-Xers are getting into the crypto boom – at least according to a survey by de Vere Group. In a release, de Vere states that… Read More

February 24, 2021 @ 9:48 am By JD Alois  |  

Following the Gamestop/Reddit/Robinhood melodrama, the discussion of when trades settle has become a topic of concern. Currently, if you purchase shares from a broker you must pay for those shares within two days of the trade (T+2), something the Securities and Exchange Commission adopted in… Read More

February 24, 2021 @ 9:22 am By JD Alois  |  

Standard Bank Group, the largest African bank by assets, has partnered with Hedera Hashgraph, to address issues regarding the development of cross-border trade. Standard Bank will establish the continent’s first Hedera network node, according to a release. Hedera is an enterprise-ready blockchain that is designed… Read More

February 24, 2021 @ 9:12 am By JD Alois  |  

The Financial Conduct Authority (FCA) has announced that it has obtained High Court Approval to return £3.42 million to victims of an unauthorized deposit-taking and collective investment schemes. The FCA states that Digital Wealth Limited, aka Digital Wealth Society (DWS), and Outsourcing Express Limited (OEL)… Read More

February 23, 2021 @ 3:51 pm By JD Alois  |  

A New York judge has tossed a lawsuit filed against Bancor, or BProtocol Foundation, that claimed the sale of unregistered securities, according to an Order Granting Motion to Dismiss received by CI. Judge Alvin Hellerstein dismissed the case and the Plaintiff’s offer to re-plead was… Read More

February 23, 2021 @ 2:22 pm By JD Alois  |  

Last year, it was reported that Transferwise (recently rebranded as Wise) had been approved in the UK to offer investment services for retail accounts. According to the FCA registry, “TIVN” is approved to offer various retail investment services. At that time, it was expected that… Read More