September 9, 2020 @ 10:17 am By JD Alois  |  

The Long Term Stock Exchange (LTSE) opened for business today. The LTSE is the creation of Eric Ries and it received regulatory approval from the Securities and Exchange Commission back in May 2019. The exchange opened its doors for trading of all US exchange-listed securities… Read More

September 9, 2020 @ 7:53 am By JD Alois  |  

Starling Bank, a digital-only bank, has launched “Starling Kite” a child-friendly banking account that incorporates certain controls for parents and guardians. Starling Kite will be linked to an adult’s account to help track utilization while children aged between 6 to 16, will receive a banking… Read More

September 8, 2020 @ 11:10 pm By JD Alois  |  

In a public statement, the Association of Online Investment Platforms (AOIP) has asked the Securities and Exchange Commission (SEC) to move quickly and to improve the regulatory environment to support small businesses during the ongoing COVID-19 health crisis. Addressed to SEC Chairman Jay Clayton, and… Read More

September 8, 2020 @ 6:36 pm By JD Alois  |  

Fvndit, Inc. (pronounced “fundit”), a California/Vietnam-based Fintech has received a $30 million investment of debt financing led by Accial Capital and Variant Investments. Fvndit operates a wholly-owned subsidiary, eLoan, JSC, an online peer-to-peer marketplace in Vietnam. Fvndit reports that SMEs account for 41% of Vietnam’s… Read More

September 8, 2020 @ 12:54 pm By JD Alois  |  

Reg CF continues to grow in popularity as a securities exemption utilized by smaller firms to raise much-needed growth capital. Reg CF is the smallest of the three different crowdfunding exemptions but has perhaps garnered the most popular interest due. An issuer must utilize either… Read More

September 8, 2020 @ 10:56 am By JD Alois  |  

Chip, a savings app, is reporting solid interest in its forthcoming securities offering on Crowdcube. Accordging to a release, Chip has seen approximately 25,000 individuals pre-register on the upcoming funding round. Chip says this investment interest follows a summer of record growth for the Fintech…. Read More

September 8, 2020 @ 9:22 am By JD Alois  |  

Stablecoin Binance USD (BUSD) is said to have completed $3.8 billion in total transactions and $2.4 billion issued after just one year of being live and in the wild. BUSD was approved by the New York Department of Financial Services (NYDFS). Created in partnership between… Read More

September 8, 2020 @ 9:00 am By JD Alois  |  

B2B payments Fintech Melio says it has now raised $144 million in total following a Series C funding round this month (August) raising $80 million. Melio previously raised $48 million in March 2020 and closed on $16 million in Seed and Series A funding. Melio… Read More

September 8, 2020 @ 8:31 am By JD Alois  |  

ETC Group reports that it has signed a series of “Authorised Participants” to support the liquidity of BTCetc Bitcoin Exchange Traded Crypto (BTCE). Launched in June 2020, BTCE became the first Bitcoin-based exchange-traded product to list on XETRA in Germany. BTCE is 100% physically backed… Read More

September 7, 2020 @ 11:14 am By JD Alois  |  

Smart Lenders AM, a firm that invests in marketplace lending, has received an equity investment from Matmut, according to a company release. Matmut is said to have been an investor in the Moonstone Lending Fund, the main investment vehicle managed by Smart Lenders. Matmut reportedly… Read More

September 7, 2020 @ 10:12 am By JD Alois  |  

FinecoBank has boosted its options regarding investment products by including funds from Fidelity International for UK clients. One of the largest banks in Italy, Fineco launched in the UK in 2017 entering the digital banking fray. During the past months, Fineco has continued to add… Read More

September 7, 2020 @ 9:07 am By JD Alois  |  

Open Banking, a concept that is widely discussed but understood by relatively few, is an attempt to enable customers to control their own data while requiring financial services to allow access to this data, when approved, to foster a more robust and competitive financial services… Read More

September 5, 2020 @ 2:29 pm By JD Alois  |  

Singapore recently completed a pilot program for a blockchain-based multi-currency payments network prototype. Project Ubin, launched in 2016, engaged with several private parties as well as government entities seeking to better understand the benefits of blockchain technology. The prototype was developed in collaboration with JPMorgan (NYSE:JPM) and… Read More

September 4, 2020 @ 3:33 pm By JD Alois  |  

Andrew Bailey, the Governor of the Bank of England, spoke at the Brookings Institue in the US this week and he tackled a hot topic: cryptocurrencies. More specifically, Bailey spoke about the efficacy, or lack of, when using certain digital assets in payment transactions. Bailey… Read More

September 4, 2020 @ 10:14 am By JD Alois  |  

Speedy blockchain Zilliqa has announced its 2020-2021 cohort of companies participating in the ZILHive Accelerator program, a 6-month blockchain startup accelerator designed to support early and late-stage startups may use the Zilliqa protocol to build blockchain solutions. According to Zilliqa, this year’s cohort has been… Read More

September 3, 2020 @ 12:01 pm By JD Alois  |  

Jiko, an aspiring digital bank, has acquired a small retail bank according to a report. CNBC states that Jiko, founded by a former Goldman Sachs executive, has acquired Mid Central Bank, a 63-year institution based in Minnesota. Jiko founder Stephane Lintner, described as math wiz… Read More

September 3, 2020 @ 10:12 am By JD Alois  |  

Robinhood, a trading app that has encouraged a new generation of investors to participate in equity trading, may have to pay a fine due to undisclosed deals it had with outside firms, according to a report. First reported by WSJ.com, Robinhood had been selling client… Read More

September 3, 2020 @ 9:53 am By JD Alois  |  

SMART VALOR, a Switzerland based regulated digital asset exchange, has partnered with Republic Advisory, affiliated with leading investment crowdfunding platform Republic – a sister firm of AngelList and CoinList. According to SMART VALOR, this partnership will enable companies raising funds through most regions to gain blanket… Read More

September 2, 2020 @ 2:00 pm By JD Alois  |  

  The Office of the Comptroller of the Currency (OCC) will start processing Fintech applications to become federally chartered firms as soon as this week, according to a report. The acting Comptroller of the Currency Brian Brooks has only been managing the regulator since May… Read More

September 2, 2020 @ 1:36 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has approved an Amended Order of Registration for LedgerX, LLC to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organization under the Commodity Exchange Act. LedgerX previously was approved to… Read More