June 9, 2020 @ 10:48 am By JD Alois  |  

  OurCrowd portfolio company, MigVax Corp., an Israeli company developing a vaccine for COVID-19, has selected Eyal Desheh as chairman of its board of directors. Desheh has previously served as an executive at Teva Pharmaceuticals, Check Point Software Technologies and currently is on the Board… Read More

June 9, 2020 @ 9:28 am By JD Alois  |  

Molinari Media PBC has announced that Rachel Pether has joined Fintech.TV as a host in Abu Dhabi.  Pether will focus on financial, digital and sustainability-related topics in the United Arab Emirates and surrounding countries.  The company said she will be reporting on a weekly basis… Read More

June 9, 2020 @ 9:06 am By JD Alois  |  

Nium, a Singapore based Fintech platform, has become a Visa issuer in Australia due to its partnership in Visa’s Fintech Fast Track program. In a release, Nium explained that it will be able to provide end-to-end issuing, processing, and onboarding services, and shorten the lead… Read More

June 9, 2020 @ 8:35 am By JD Alois  |  

HM Treasury is out with its weekly update on COVID-19 lending schemes designed to support businesses impacted by the pandemic. According to the update, over 830,000 UK businesses have provided £34.9 billion through the three major government-backed lending programs. £3.6 billion has been granted to… Read More

June 9, 2020 @ 7:57 am By JD Alois  |  

Trade Ledger, a lending-as-a-service platform, has announced several new appointments, as well as the formation of an advisory board as it reports rapid growth. Trade Ledger says its customer base has risen by 1/3 already this year. Trade Ledger said in a release that it… Read More

June 9, 2020 @ 7:28 am By JD Alois  |  

Mirrorweb, a web archiving and monitoring solution used by financial services firms and governments, has been selected to participate in the Microsoft ScaleUp program, an exclusive initiative that grants a small number of high-growth companies access to Microsoft’s sales, marketing, and technical support. Mirrorweb shares… Read More

June 9, 2020 @ 12:00 am By JD Alois  |  

TransferWise, a top Fintech and stealth bank, is making it even simpler to move money and make payments with a new feature that provides instant payments in more than 50 currencies both domestically and internationally. TransferWise’s millions of users who have a multi-currency account can… Read More

June 8, 2020 @ 1:10 pm By JD Alois  |  

Lemonade, one of the most prominent Insurtechs in the US, has filed an S-1 for an initial public offering (IPO) on the New York Stock Exchange (NYSE). Co-founded by CEO Daniel Schreiber and Shai Wininger, Lemonade seeks to disrupt the traditional insurance market with consumer-friendly… Read More

June 8, 2020 @ 12:44 pm By JD Alois  |  

Congressman Patrick McHenry, the ranking member on the House Financial Services Committee, has sent a letter to the Securities and Exchange Commission (SEC) supporting the Commission’s efforts to improve and modernize the exempt securities ecosystem. The SEC has proposed a package of rule changes designed… Read More

June 8, 2020 @ 11:00 am By JD Alois  |  

Per Capita Incomes to Shrink in All Regions as COVID-19 Health Crisis Crushes Economic Output The World Bank has issued a statement that the massive shock of the COVID-19 crisis and affiliated lockdown have plunged the global economy into a severe contraction. The World Bank… Read More

June 8, 2020 @ 10:36 am By JD Alois  |  

ForumPay, a point-of-sale provider based in Malta, is now offering a crypto-and-fiat interchangeable payment platform. ForumPay also enables customers to use any e-wallet or coin with which they choose to pay, without any need for physical contact, according to the company. Seamlessly accepting payments in… Read More

June 8, 2020 @ 10:22 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has launched the S$ 1.75 million MAS Global Fintech Innovation Challenge. The competition seeks Fintech solutions that can help financial institutions respond to COVID-19 and climate change. MAS said the theme for the competition is “Building Resilience, Seizing Opportunities,… Read More

June 8, 2020 @ 10:11 am By JD Alois  |  

Fintech Raisin has distributed a report on European interest rates. Raisin provides a service that enables consumers to compare and select higher rate return savings accounts. Raisin notes that the savings rate has risen during the COVID-19 crisis, meanwhile inflation and interest rates are down,… Read More

June 8, 2020 @ 9:54 am By JD Alois  |  

tZERO, a subsidiary of Overstock (NASDAQ:OSTK), has been recognized as the “Best Blockchain Solution of the Year” by Financial Technologies Forum and FTF News. In a release, tZERO CEO Saum Noursalehi stated: “We are proud to be recognized as Best Blockchain Solution of the Year,… Read More

June 8, 2020 @ 8:02 am By JD Alois  |  

Folk2Folk, a peer to peer lender supporting local and rural businesses, is reporting £17.3 million in loans to SMEs during March, April and May – the midst of the COVID-19 induced lockdown. Folk2Folk states that during this period the total value of loans has increased… Read More

June 7, 2020 @ 7:07 pm By JD Alois  |  

As was previously announced, FICO or French-ICO has commenced trading on the Toulouse, France based cryptocurrency exchange Zebitex. French-ICO is a primary issuance platform for firms interested in raising capital via a digital asset offering. FICO was the very first initial coin offering (ICO) to… Read More

June 7, 2020 @ 5:21 pm By JD Alois  |  

The US Federal Reserve Bank of Philadelphia has published a paper on Central Bank Digital Currencies or CBDCs. This is a hot sector of digital assets as CBDCs have the potential to supplant paper currency at some point in the future. Yet many questions remain… Read More

June 6, 2020 @ 1:55 pm By JD Alois  |  

OnDeck (NYSE: ONDK), an online lender serving SMEs, has received a notice from the New York Stock Exchange (NYSE) as the company does not meet the continued listing standard that requires OnDeck to maintain a minimum average closing price of $1.00 per share over a… Read More

June 5, 2020 @ 5:24 pm By JD Alois  |  

  StartEngine, a leading US investment crowdfunding platform, reports that its newest Reg A+ offering has been qualified by the Securities and Exchange Commission (SEC). Reg A+ is a securities exemption that allows issuers to raise up to $50 million. An offering must be approved… Read More

June 5, 2020 @ 4:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained an asset freeze and other emergency relief against Daniel F. Putnam, of Utah, Jean Paul Ramirez Rico, of Colombia, and Angel A. Rodriguez, of Utah, who allegedly scammed over $12 million from over 2000 investors in a… Read More