September 22, 2020 @ 2:39 pm By JD Alois  |  

  Lagarde, the President of the European Central Bank, addressed the Franco-German Parliamentary Assembly yesterday (Sept. 21) talking about the strength of the “European Project” while casting an eye on the future of further integration as well as the ongoing effort to achieve a Digital… Read More

September 22, 2020 @ 10:01 am By JD Alois  |  

BioCatch, a behavioral biometrics firm that seeks to uncover attempts at fraud, has partnered with Experian on fraud detection. According to a release, the two companies combined proved that layering multiple identity and fraud detection capabilities can help authenticate legitimate customers, improve their experience, and… Read More

September 22, 2020 @ 9:38 am By JD Alois  |  

  EasySend, a company that wants to help insurance companies, banks, and other financial services firms better develop their tech stack with an “AI-powered no-code platform,” has raised $16 million. The Tel Aviv based company reports that the Series A funding was led by Hanaco… Read More

September 22, 2020 @ 8:19 am By JD Alois  |  

Currencycloud and Tribe Payments are partnering on a new “Banking-as-a-Service” solution for Fintechs and digital banks, according to a note from the company. Currencycloud is a global, multi-currency account provider where customers are able to collect, convert, pay, and manage multiple currencies, anywhere in the… Read More

September 22, 2020 @ 1:00 am By JD Alois  |  

Finch Capital has published a report on Fintech during a challenging time due to COVID-19. The annual State of European Fintech report for 2020 indicates that Fintech is a resilient European Tech growth engine.  For now. Radboud Vlaar, Managing Partner at Finch Capital, says that… Read More

September 21, 2020 @ 4:39 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC), part of the US Department of Treasury, has issued an interpretive letter pertaining to banks and federal savings entities pertaining to “certain stablecoins.” Stablecoins are digital currencies that are based on a fiat currency or specific… Read More

September 21, 2020 @ 2:30 pm By JD Alois  |  

Bilderlings, a UK based Fintech, has launched a mobile app for managing current accounts, according to a release. The app is expected to help businesses and individuals keep track of their funds and perform basic account operations from a mobile device. Bilderinlings’ app’s main feature… Read More

September 21, 2020 @ 12:04 pm By JD Alois  |  

Payments provider Paya has signed a definitive agreement to acquire The Payment Group (TPG). Details regarding the transaction were not disclosed. This is Paya’s second acquisition in the government and utilities integrated payments space. Paya is a portfolio company of GTCR and TPG is a… Read More

September 21, 2020 @ 10:08 am By JD Alois  |  

Real estate investment platform Cadre has announced the launch of “Cadre Cash,” a cash savings account with an annualized reward of 3%, according to a note from the company. Beginning today, qualified individuals who invest in Cadre’s real estate offerings may earn an annualized reward… Read More

September 21, 2020 @ 9:08 am By JD Alois  |  

FCA authorized e-Money Institution Ziglu kicked off a crowdfunding round on Seedrs today and quickly topped its £1 million goal. The offering is live for up to 40 more days. According to the offering page, Ziglu is selling equity in the company at a pre-money… Read More

September 21, 2020 @ 8:45 am By JD Alois  |  

Tink, a leading Open Banking platform, has acquired an aggregation platform operated by OpenWrks. Tink is making the move to strengthen its position in the UK while buttressing its European expansion. The acquisition is also part of a strategic partnership where OpenWrks will power its… Read More

September 19, 2020 @ 7:10 pm By JD Alois  |  

Ethis Group has launched the first fully Shariah-compliant equity crowdfunding platform in Malaysia, according to a note from the company. Ethis already operates in Indonesia with another platform planned to commence soon in Dubai. The announcement of the launch was made during Islamic Fintech Week… Read More

September 18, 2020 @ 6:09 am By JD Alois  |  

This past week Kraken, a leading US-based digital asset exchange, was approved by the state of Wyoming for a bank charter. The first of its kind in the state, the Special Purpose Depository Institution (SPDI) means that Kraken Financial will operate pretty much just like… Read More

September 17, 2020 @ 9:32 pm By JD Alois  |  

Hg Exchange (HGX), Southeast Asia’s first private securities exchange, has kicked off trading. Founding members of the exchange include PhillipCapital, Prime Partners, and Fundnel – a leading securities crowdfunding platform serving sophisticated investors across Asia. Richard Teng, formerly an executive at the Monetary Authority of… Read More

September 17, 2020 @ 12:46 pm By JD Alois  |  

Going Public Using Reg A+ Reg A+ is a JOBS Act exemption that launched with great hope but in some respects, soon fizzled.  The Securities and Exchange Commission (SEC) followed the guidance of Congress and took a moribund securities exemption, that no one used anywhere,… Read More

September 17, 2020 @ 11:04 am By JD Alois  |  

The Gibraltar Financial Services Commission (GFSC) reports that it is updating its regulatory approach pertaining to Distributed Ledger Technology Providers (DLT). Gibraltar describes the update as a “natural evolution of the defined regulatory principles.” Gibraltar was quick to embrace digital assets – both securities and cryptocurrencies…. Read More

September 17, 2020 @ 9:15 am By JD Alois  |  

Newly minted SME focused bank, Allica Bank, has closed on a £26 million funding round led by Warwick Capital Partners – the majority shareholder in the firm. This announcement included the news that Allica intends on raising a further £100 million to pursue its vision… Read More

September 17, 2020 @ 8:34 am By JD Alois  |  

Following final approval from the Financial Conduct Authority (FCA) Cornerstone has completed the acquisition of FXPress Payment Services – a regulated Authorised Payment Institution providing cross-border payment services. Cornerstone will now operate as Cornerstone FS plc. Additionally, Cornerstone says it has received the consent of… Read More

September 16, 2020 @ 10:15 pm By JD Alois  |  

The state of Wyoming has approved its first Special Purpose Depository Institution (SPDI) by approving Kraken Financial – part of the well known digital asset exchange. Tentatively called Kraken Financial and based in Cheyenne, Wyoming, the new bank claims the title as the “first digital… Read More

September 16, 2020 @ 9:58 pm By JD Alois  |  

Securrency, a digital asset infrastructure company, has partnered with the Chamber of Digital Commerce to schedule a very interesting virtual event. The webinar entitled ‘Two Sides of the American Coin” will feature several of the top regulators in the US tackling the topic of the… Read More