July 6, 2020 @ 10:23 am By JD Alois  |  

The Crypto Valley Association (CVA), based in Switzerland, has published its “Trusted Key Ceremony Guidelines” a set of best practices designed to help protect digital assets in a safe and secure manner. The project was driven by the CVA’s Cybersecurity Working Group. The CVA has… Read More

July 6, 2020 @ 9:05 am By JD Alois  |  

The founders of Chosen Bun, a successful UK burger chain since sold, have launched a new brand a plant-based meat substitute called “THIS.” Founders Andy Shovel and Pete Sharman, spent a year and a half developing their product which has generated a good degree of… Read More

July 6, 2020 @ 7:57 am By JD Alois  |  

Digital bank Starling Bank is offering two new features targeting their growing number of business accounts. First is a US dollar account that allows them to spend directly in pounds or dollars with a single card. The second is a “Business Toolkit” that includes a… Read More

July 5, 2020 @ 8:00 pm By JD Alois  |  

Hong Kong as jurisdiction was slow out of the gate when it came to Fintech innovation. But this initial hesitancy was soon made up by a dedicated public-private partnership determined to establish Hong Kong as a top Fintech hub – a successful move. InvestHK, a… Read More

July 4, 2020 @ 4:45 pm By JD Alois  |  

Jan Marsalek, the former COO of Wirecard AG (WDI:DE) who was fired from his job when €1.9 billion went missing, may have never traveled to the Philippines in late June as records he entered the country were apparently faked, according to a report by Reuters. Marsalek pulled… Read More

July 3, 2020 @ 10:32 am By JD Alois  |  

Wirecard AG (WDI:DE), once a prominent payments Fintech and now a financial debacle due to allegations of massive fraud, continues to try and find a way to survive. Meanwhile, shares in the firm have tanked dropping from over €100/share to now around €3/share as the… Read More

July 3, 2020 @ 10:16 am By JD Alois  |  

OKEx, a crypto and derivatives exchange, has partnered with Settle Network. Through Settle Network’s “Latamex” product, OKEx users now can buy Bitcoin (BTC) and Ethereum (ETH) on the exchange with Argentine Pesos (ARS), Brazilian Reals (BRL), and Mexican Pesos (MXN) using direct bank transfers. OKEx… Read More

July 2, 2020 @ 12:33 pm By JD Alois  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech firm, completed its initial public offering (IPO) today on the New York Stock Exchange (NYSE). Earlier today it was reported that at the last minute Lemonade bumped up its planned offering price to $29 a share. Apparently, that was not… Read More

July 2, 2020 @ 11:02 am By JD Alois  |  

The Beijing Municipal People’s Government has posted Beijing’s Blockchain Innovation Development plan outlining its intent to “accelerate the development of blockchain technology and industrial innovation.” [translated] The goal is to promote blockchain and accelerate its growth in its utilization across various sectors of the economy…. Read More

July 2, 2020 @ 9:13 am By JD Alois  |  

Wirecard AG (WPI:DE)  has emerged as one of the most embarrassing financial debacles in years in Germany. The implosion of the Fintech has demolished the reputation of the former CEO Markus Braun who was subsequently arrested following the revelation of €1.9 billion in missing funds…. Read More

July 2, 2020 @ 8:52 am By JD Alois  |  

Lemonade, a high profile Insurtech, is scheduled to trade on the NYSE today under the ticker symbol “LMND.” At the last minute, the company bumped up the per-share price to $29/share. Just yesterday, Lemonade indicated in an updated S-1 filing that shares would trade in… Read More

July 2, 2020 @ 1:33 am By JD Alois  |  

A new report tracking investment crowdfunding campaigns in the UK says this sector of Fintech declined by 15% during Q2 2020. A decline should come as no surprise as the data would be coming from the period when COVID-19 was impacting all markets. The same… Read More

July 2, 2020 @ 12:59 am By JD Alois  |  

While we have seen other subscription management services, this is the first we have seen from a traditional bank. ING Belgium is partnering with Minna Technologies on the service that will allow the bank’s customers utilize the service all while remaining on the ING application…. Read More

July 1, 2020 @ 10:11 pm By JD Alois  |  

Digital asset investing company B21 has launched its B21 Invest app in India. According to a release, B21 Invest simplifies the purchase and management of cryptocurrencies including Bitcoin, Ethereum, and EOS. B21 Invest supports investment for as little as INR 2,000 ($25) per transaction. Users… Read More

July 1, 2020 @ 5:10 pm By JD Alois  |  

The German Financial Reporting Enforcement Panel or Deutsche Prüfstelle für Rechnungslegung (DPR) has issued a statement defending its actions in the ongoing Wirecard (WPI:DE) scandal. It was recently reported that the German government had terminated its contract with the DRP, private entity contracted by the… Read More

July 1, 2020 @ 1:57 pm By JD Alois  |  

The Royal Bank of Scotland has announced a new payment platform “Tyl.” The system is said to make it easier for small businesses to receive payments and manage cash flow. RBS says this new payment platform should aid small businesses during a challenging time due… Read More

July 1, 2020 @ 12:13 pm By JD Alois  |  

The British Business Bank has announced six newly approved lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), three new lenders for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and two new lenders for accreditation to the Bounce Back Loan… Read More

July 1, 2020 @ 10:41 am By JD Alois  |  

The Financial Action Task Force (FATF) completed a meeting this week calling on members to “tackle new threats and vulnerabilities posed by criminals during the COVID-19 crisis.” The FATF is an international policy-making and standard-setting body, headquartered in Paris, dedicated to combating money laundering and… Read More

July 1, 2020 @ 9:34 am By JD Alois  |  

Lemonade, a fast-growing Insurtech firm, has upped its initial public offering (IPO) share price range according to an updated S-1 filing. Shares are expected to trade on the New York Stock Exchange (NYSE) on Thursday under the ticker symbol “LMND.” It was last reported that… Read More

July 1, 2020 @ 8:30 am By JD Alois  |  

Folk2Folk, a unique peer to peer lending firm that focuses on rural businesses, has been approved by the British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme (CBILS) and will soon be open for CBILS applications, according to a company release…. Read More