JD Alois

Fintech Abound Tops £1 Billion in Online Lending

Abound, a UK Fintech in the online lending sector, has surpassed £1 billion in lending. First reported by Financial IT, Abound CEO  Gerald Chappell, is quoted on the milestone: “Reaching £1 billion in loans is proof of our momentum and our technology. With more milestones… Read More

Swiss Exchange Operator SIX Brings Digital Asset Entity In House

SIX, the operator of the Swiss Stock Exchange, will bring its digital asset group SDX in-house as it moves closer to becoming a marketplace based on blockchain technology. In May, it was announced that digital bonds issued on SDX would be traded exclusively on SIX… Read More

Robinhood Hits New All Time High

Robinhood (NASDAQ:HOOD) has been on a tear recently. Shares in the company have been pushing its 52-week higher as its valuation increases. As of today, Robinhood shares have surpassed $150 – far higher than at the start of the year, when Robinhood traded in the… Read More

SEC Office of Inspector General Finds former Chair Gary Gensler’s Text Messages Were Lost Due to Avoidable Errors, Coinbase Not Exactly Convinced

Last month, the Securities and Exchange Commission (SEC), Office of the Inspector General (OIG), issued a memo stating there were “avoidable errors” that led to the loss of former SEC Chairman Gary Gensler’s texts. On January 17, 2024, the SEC Office of Information Technology (OIT) reported… Read More

B2B AI Software: AI Venture Builder Raises Money on Republic Europe

AI Venture Builder (AIVB) is a startup that aims to launch B2B AI-driven software. The company states that it will create scalable AI ventures in various industries, including defence, Medtech, fashion, and finance. AIVB is now raising money on Republic Europe. According to the offering… Read More

Crowd Street Partners with Nuveen, Stopstone. Aims to Boost Available Asset Classes

Crowd Street, once a real estate investment platform and now a multi-asset private securities marketplace, has revealed partnerships with Nuveen and StepStone (Nasdaq: STEP). The goal is to expand the offerings on the platform to their investors. StepStone is a global private markets firm that… Read More

Tokenized Stocks on Telegram: Kraken, Backed to Provide Access to US Stocks Globally

Wallet in Telegram says it will soon offer tokenized US stocks in partnership with Kraken and Backed. The move is expected to expand the market for US equities to emerging markets. The company explains that approximately 2.8 billion people are underbanked, with only limited access… Read More

SEC Issues No Action Letter on State Trust Companies Providing Custody for Crypto

Yesterday, the Securities and Exchange Commission’s Division of Investment Management issued a no-action letter regarding the provision of custody for cryptocurrencies. A no-action letter is not a hard ruling but provides guidance for firms engaged in the business addressed in the statement. The letter was… Read More

The Top Ten Issuers by Valuation Increase Who Raised on Republic Europe

Investment crowdfunding is not just defined by enabling private firms to raise growth capital but by how these offerings perform for investors. Over time, if investors learn that investing in private securities is a bad decision, this sector of Fintech will stumble. CI has always… Read More

NYSE Meets with SEC to Discuss Tokenized Securities, Crypto

Tokenized securities, also known as digital securities, will soon become increasingly ubiquitous. However, before the widespread adoption of these digital assets occurs, regulators and operators need to address several issues, as digital securities can incorporate more features and functionality than their analog counterparts. And certain… Read More

Brian Quintenz No Longer Poised to Become Chairman of CFTC

Brian Quintenz, a former CFTC Commissioner, has had his nomination pulled from consideration for the Chairman role at the Commission. The White  House acknowledged the decision last night, according to multiple reports. Nominated in February, Quintenz was a staunch supporter of the emerging digital asset… Read More

Stacey Bowers to Exit Leadership Position at SEC Office of the Advocate for Small Business Capital Formation

Stacey Bowers will be exiting her role at the SEC as the Director of the Office of the Advocate for Small Business Capital Formation, as of October 17th. Bowers stepped into the position in January 2024 during the Biden Administration. The Office of the Advocate… Read More

Re7 Capital to Offer Bitcoin Yield Fund on Starknet

Re7 Capital will soon launch a Bitcoin yield fund, thus entering a hot sector of crypto. The fund is expected to be available to investors beginning this month on Starknet. Starknet is a Layer 2 blockchain that claims to validate off-chain transactions using advanced mathematics… Read More

Regtech: LSEG Reveals Compliance and Data Automation: World-Check On Demand

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LSEG Risk Intelligence has announced World-Check On Demand, a platform that is said to provide actionable intelligence to mitigate risk and adhere to compliance demands. The service is said to be real-time, allowing clients to better manage risk. The company states that 98% of financial… Read More

Coinbase, Others, Challenge Banks on Stablecoin Rewards

Stablecoins can be viewed as a new form of payments. Transfers can be instantaneous, secure, and at a very low cost. As firms that offer stablecoins must hold reserves in safe assets, such as US Treasuries, these funds are generating interest. Yet, stablecoin issuers are… Read More

Frank Founder Charlie Javice Sentenced to 7 Years in Prison

The founder of Fintech Frank, Charlie Javice, a platform that sought to streamline the process for students to tap into available funds for college, has been sentenced to seven years in prison for fraud. According to reports, Javice is also reportedly required to return $22.4… Read More

Spot Crypto Trading on Regulated Exchanges: Attorney Kris Swiatek Explains What’s Coming

Earlier this month, the SEC’s Division of Trading and Markets and the CFTC’s Division of Market Oversight and Division of Clearing and Risk announced a project to coordinate efforts on spot crypto trading. The goal is to provide “regulatory clarity that best keeps blockchain-based innovation… Read More

Instant Payments on Track to Top $110 Trillion

Instant payments, which are the transfer of value without any delay, are predicted to surpass $110 trillion by 2029, almost doubling the $60 trillion that is already occurring today. In a report published by Juniper, instantaneous payments are being driven by regulation, including FedNow in… Read More

SEC Annual Small Business Forum Publishes Policy Recommendations

Once again, the Securities and Exchange Commission’s Small Business Forum has shared its views on how regulations and rules should be modified to enhance the prospects for smaller firms. This event has been ongoing for 44 years, with a report published following each annual gathering. This… Read More

Crypto + Traditional Securities: Robinhood Hits New All Time Highs

Robinhood (NASDAQ: HOOD)  is hitting new all-time highs for its shares. Currently, Robinhood is trading at around $132 per share, up over 8% on the day, surpassing its 52-week high. Robinhood started the year at around $39 a share, so it has risen over 250%… Read More

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