February 11, 2021 @ 8:43 pm By JD Alois  |  

BNY Mellon (NYSE:BK),  a bank with $2.2 trillion in assets under management, has announced the creation of a new Digital Assets unit that seeks to accelerate the development of solutions to help clients address growing and evolving needs related to the growth of digital assets,… Read More

February 11, 2021 @ 12:33 pm By JD Alois  |  

The Securities and Exchange Commission issued a statement that it has suspended trading in SpectraScience (OTC:SCIE) that was allegedly touted on social media. SpectraScience is delinquent in its reporting and has not filed reports since 2017. The SEC states that the phone number on the… Read More

February 11, 2021 @ 12:14 pm By JD Alois  |  

loanDepot lowered the price of its initial public offering (IPO) to $14 a share – far below its expected $21 a share float. loanDepot shares, trading under the ticker symbol LDI, listed on the New York Stock Exchange (NYSE) today trading higher in early action…. Read More

February 11, 2021 @ 10:01 am By JD Alois  |  

Monzo, a UK based digital bank that recently raised £50 million as part of a Series G extension, has appointed a new CEO for the United States, according to a report. Monzo has been going through a period of transition as founder Tom Blomfield fully… Read More

February 11, 2021 @ 9:36 am By JD Alois  |  

illimity, a digital bank that claims the title of the first in Italy, is reporting €31 million in net profit for 2020. In 2019, illimity reported a €16.1 million net loss. Corrado Passera, illimity’s CEO, said illimity has fully met the results for the year… Read More

February 11, 2021 @ 8:47 am By JD Alois  |  

FinecoBank (BI:FBK), a digital bank operating in the UK but based in Italy, says that the number of current accounts jumped by 70% during 2020 while the ratio between active accounts and total current accounts increased by 63% (from 15% in 2019). FinecoBank entered the UK… Read More

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

  Real estate has always held a certain allure for sophisticated investors as typically, over the long run, it appreciates in value and can also generate a  good amount of immediate cash flow – so both yield and capital gains. Until recently, unless you had… Read More

February 10, 2021 @ 9:10 pm By JD Alois  |  

The US Department of Treasury hosted the U.S. Financial Sector Innovation Policy Roundtable the past two days. Policymakers and regulators, as well as members of the private sector, participated in the meeting to discuss policy issues surrounding Fintech and innovation “fostering economic recovery, competitiveness, and financial… Read More

February 10, 2021 @ 2:34 pm By JD Alois  |  

PeerStreet, a real estate crowdfunding platform, has announced a new program designed to aid underserved real estate entrepreneurs. Named the Evolving Neighborhood Uplift Fund or the E.N.U.F. project, the program seeks to create a sustainable way to invest in real estate entrepreneurs from underserved communities… Read More

February 10, 2021 @ 2:07 pm By JD Alois  |  

Earlier today, the Resolution Foundation published a report called On firm ground? The impact of Covid-19 on firms and what policymakers should do in response. The report seeks to assess the current state of corporates while setting out priorities for policymakers to allow enable firms… Read More

February 10, 2021 @ 11:29 am By JD Alois  |  

Speaking about the ongoing digital transformation of financial services the Chairman of the French Autorité des Marchés Financiers (AMF), Robert Ophèle, commented on the emergence of crypto assets (digital assets) for both non-securities and securities. Ophèle first noted the ongoing COVID health crisis has helped… Read More

February 10, 2021 @ 10:58 am By JD Alois  |  

The UK National Crime Agency (NCA), working in concert with the US Secret Service, Department of Homeland Security, Federal Bureau of Investigation, and Santa Clara DA’s Office, have arrested eight men, aged 18 to 26, in England and Scotland in regards to SIM Swap hacks… Read More

February 10, 2021 @ 9:24 am By JD Alois  |  

MayStreet, a financial data infrastructure provider, has hired Manish Kimmel as Chief Policy Officer. She joins MayStreet from the Securities and Exchange Commission, where she previously served as Senior Policy Advisor, Regulatory Reporting in the Office of the Chairman. Over the course of her tenure… Read More

February 10, 2021 @ 8:58 am By JD Alois  |  

Nexo, a crypto lending platform and exchange, says that assets under management have “surged” to more than $4 billion. The comments may come as no surprise as Bitcoin has rocketed to new highs as Tesla announced it had purchased $1.5 billion in BTC and expectations… Read More

February 9, 2021 @ 5:36 pm By JD Alois  |  

UK-based Fintech Cashplus has received approval to become a regulated bank after operating as an e-money institution for many years. Cashplus has worked for a couple of years to gain the license and has recently indicated it is now authorized by the Prudential Regulation Authority… Read More

February 9, 2021 @ 2:46 pm By JD Alois  |  

Harvest Returns, a farm crowdfunding platform, has partnered with Agritecture, LLC, an urban farming consulting and digital services firm, to accelerate the urban farming and controlled environment agriculture (CEA) industry across the country. The partnership will provide ag focused entrepreneurs a more accessible way to… Read More

February 9, 2021 @ 10:18 am By JD Alois  |  

Finch Capital, a UK and Netherlands based VC firm, has closed on a new fund – Europe III – raising €150 million to invest in Fintechs and artificial intelligence (AI) startups in the financial services sector. Finch said it will target Series A and B… Read More

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

DASH Financial Technologies has announced that it has agreed to be acquired by ION Investment Group. Terms of the deal were not disclosed. DASH is controlled by Flexpoint Ford, a private equity investment firm, that specializes in privately negotiated investments in the healthcare and financial… Read More

February 9, 2021 @ 8:37 am By JD Alois  |  

Azimo, a digital money transfer service, has announced the launch of a money transfer service to Pakistan in partnership with HBL, Pakistan’s largest commercial bank. The new service will allow Pakistanis living in the UK, Europe and Australia to send money in minutes, according to… Read More

February 9, 2021 @ 7:20 am By JD Alois  |  

Peer to peer lender Folk2Folk says it has increased the size of its brokerage partners. According to the company, this has resulted in several adjustments within the firm, including an expansion of its South West focus to become a national lender, accepting deals from across… Read More