November 17, 2020 @ 11:41 am By JD Alois  |  

ONTOCHAIN, a project funded by the European Commission under the Next Generation Internet initiative, is on the hunt for applicants seeking to build a new software ecosystem for “trusted, traceable, and transparent ontological knowledge management.” The €4.2 million fund will provide €123,000 in equity-free money… Read More

November 17, 2020 @ 11:19 am By JD Alois  |  

Bitconnect, a legendary crypto scam that was exemplified by a viral video, has emerged once again as the Australian Securities and Investment Commission (ASIC) has announced charges against Bitconnect promoter John Bigatton following a long investigation. From August 2017 to January 2018, Bigatton was said… Read More

November 17, 2020 @ 10:18 am By JD Alois  |  

Digital bank Revolut has announced the launch of Google Pay for customers in Austria, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, Netherlands, Portugal and Romania. The Fintech claims to be one of the first financial services firms to offer Google Pay as a service within their… Read More

November 17, 2020 @ 9:28 am By JD Alois  |  

Goodlord, a Proptech that digitizes property management – and more, has partnered with credit reference agency and Open Banking provider, Credit Kudos, to improve the rental process for agents, landlords and tenants by allowing more accurate assessments of a tenant’s financial situation. According to a… Read More

November 17, 2020 @ 9:00 am By JD Alois  |  

Australia based neobank Douugh Ltd (ASX:DOU) has launched its app in the US following a partnership with Mastercard. Douugh reports that it has been in beta with U.S. consumers since early-2019 and is now officially launching to the wider market. Douugh Founder and CEO, Andy… Read More

November 16, 2020 @ 3:26 pm By JD Alois  |  

Republic, a leading investment platform and crowdfunding marketplace has acquired the assets of NextSeed small business investment platform for an undisclosed amount. NextSeed co-founder and CEO Youngro Lee will become Chief Operating Officer of Republic while remaining CEO of NextSeed Securities for the foreseeable future…. Read More

November 16, 2020 @ 12:31 pm By JD Alois  |  

Netcapital has emerged as one of the top FINRA regulated funding portals in the sector of online capital formation that has grown to over 55 approved crowdfunding platforms.  Last month, it was reported that Netcapital was a top 5 funding portal raising around $2.5 million… Read More

November 16, 2020 @ 11:12 am By JD Alois  |  

American Express (NYSE:AXP) has announced improvements to its supply chain product. Originally launched in 2018, Early Pay allows companies and their suppliers the ability to pay and get paid through a digital platform.  Early Pay provides suppliers the ability to optimize their cash flow by… Read More

November 16, 2020 @ 10:30 am By JD Alois  |  

FTSE Russell has launched an hourly reference price for digital asset market performance. The product has been created in partnership with Digital Asset Research (DAR), a provider of institutional-grade digital asset research and data. The launch is being described as a step forward in meeting… Read More

November 16, 2020 @ 10:01 am By JD Alois  |  

Revolut business accounts may now accept card payments online and get access to funds quickly, according to a release from the digital bank. The Fintech stated that business owners may do business like a local and benefit from very competitive foreign exchange (FX) rates. Revolut… Read More

November 16, 2020 @ 8:43 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that Chairman Jay Clayton will depart the agency at the end of the year. The exit by Clayton has long been expected regardless of the outcome of the Presidential election. Clayton joined the SEC on May 4,… Read More

November 13, 2020 @ 6:26 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) distributed a comment letter today outlining its opposition to the proposal by the Securities and Exchange Commission’s move to clarify the role of Finders. A Finder is an individual that finds investors for smaller firms. A lack of… Read More

November 13, 2020 @ 11:52 am By JD Alois  |  

The World Trade Organization and Trade Finance Global have joined together in publishing an update on global trade and the impact of blockchain or distributed ledger technology (DLT) on this sector of commerce. Global trade, and trade finance, remains a bit of an analog process…. Read More

November 13, 2020 @ 9:33 am By JD Alois  |  

Deutsche Bank’s research division is out with an edition of Konzept that tackles contemporary political and economic issues while looking towards the future. One area of focus is digital innovation and how it impacts the European Union’s ability to compete – globally. According to Deutsche… Read More

November 13, 2020 @ 8:44 am By JD Alois  |  

Better Tomorrow Ventures, a Fintech focused venture fund, has raised $75.3 million according to a Form D filed with the Securities and Exchange Commission (SEC). According to the document, 99 individual investors backed the fund. The two General Partners of the fund include Jacob Gibson… Read More

November 12, 2020 @ 8:57 pm By JD Alois  |  

A new report from online lending data provider DV01 indicates that this sector of Fintech continues to move towards “normalcy” following the advent of COVID-19 and the ensuing economic disruptions. The report says online lending is displaying “resiliency” as origination volumes are now only 34%… Read More

November 12, 2020 @ 5:17 pm By JD Alois  |  

The Chilean securities regulator, the Comision Para El Mercado Financiero (CMF), has posted draft regulations for Fintech including investment crowdfunding rules. The objective is to provide a regulatory framework for online capital formation. The CMF believes that a proportional, tech-neutral, framework will promote innovation in… Read More

November 12, 2020 @ 4:43 pm By JD Alois  |  

Ant Group was expected to be the largest Fintech initial public offering (IPO) ever at a valuation of around $35 billion. With just days until a listing on both the Shanghai Exchange and the Hong Kong Stock Exchange, regulators in China slammed the breaks on… Read More

November 12, 2020 @ 1:49 pm By JD Alois  |  

Fusang, a  Labuan-based Fintech, has partnered with the China Construction Bank to issue $3 billion worth of bonds utilizing blockchain technology. According to Fusang: “The Issuer is a special purpose vehicle and its principal activity is to establish the commercial paper programme of up to… Read More

November 12, 2020 @ 1:36 pm By JD Alois  |  

The Federal Deposit Insurance Corporation (FDIC) is looking to boost its Fintech bench by hiring three individuals to help with legal issues regarding Fintech. According to a post on USAJOBS, responsibilities include: Analyzing and advising on the interpretation of statutes, common law, regulations, and legal… Read More