March 24, 2020 @ 6:12 pm By JD Alois  |  

I don’t know about you but I am already tired of reading/hearing/seeing/dreaming about COVID-19. Social distancing and shelter at home are necessary and vital – especially for cities like New York that has emerged as an epicenter for the virus. Eventually, we will move beyond… Read More

March 24, 2020 @ 4:12 pm By JD Alois  |  

Sygnum Bank, a licensed digital asset bank, has launched a stablecoin labeled Sygnum Digital CHF (DCHF) – a crypto tied to the Swiss Franc. This is a first stablecoin launched by a regulated Swiss bank. Sygnum also holds a capital markets services (CMS) license in… Read More

March 24, 2020 @ 3:53 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has “unanimously” approved final interpretive guidance concerning retail commodity transactions involving certain digital assets. Specifically, the guidance clarifies the CFTC’s views regarding the “actual delivery” exception to Section 2(c)(2)(D) of the Commodity Exchange Act (CEA) in the context of… Read More

March 24, 2020 @ 3:41 pm By JD Alois  |  

Citi is the most recent traditional bank to tell customers that some branches are closed due to the Coronavirus pandemic. Citi operates over 4600 branches around the country.  A report in Bloomberg today laid the blame at the drop in foot traffic to the bank… Read More

March 24, 2020 @ 3:08 pm By JD Alois  |  

InvestCloud has selected Taryn Balthazar to lead its Asia-Pacific expansion. Based in Singapore, Balthazar will look to scale up the  company’s presence as demand for digital wealth management solutions increases across the region. InvestCloud is a Fintech that specializes in digital platforms that enable the development… Read More

March 24, 2020 @ 2:52 pm By JD Alois  |  

In a tweet this week, Wefunder said it expects the first quarter of 2020 to be their best quarter ever. This is in an environment where Fintech investment is struggling and the emergence of the Coronavirus, or COVID-19, is hammering the entire world. While Q1… Read More

March 24, 2020 @ 2:25 pm By JD Alois  |  

The alleged fraudsters involved in the BitClub $722 million crypto fraud are looking to be released from the county jail over fears of the COVID-19 pandemic. In December of 2019, the US Justice Department announced the indictment of three individuals. Matthew Brent Goettsche, 37, of… Read More

March 24, 2020 @ 1:16 pm By JD Alois  |  

Firm24, a company that reportedly provides corporate services to 25,000 companies in the Benelux region, is looking to “tokenize” the shareholder registry via a partnership with Dusk Network and LTO Network (formerly LegalThings One). LTO Network is also a crypto that currently trades on Binance…. Read More

March 24, 2020 @ 11:25 am By JD Alois  |  

This probably should come as no surprise. As the economy dives and the Coronavirus spreads across the US, elected officials in Washington, DC struggle to agree on a relief package. It has been reported that Republicans and Democrats had come to terms on a bailout… Read More

March 24, 2020 @ 10:52 am By JD Alois  |  

Kryon, a robotic process automation (RPA) provider, has announced the rapid development and implementation of a large scale data RPA process which integrates Maccabi Healthcare Services’ testing of COVID-19 with the Israeli Ministry of Health. Kyron is an early stage Medtech that has been backed… Read More

March 24, 2020 @ 9:59 am By JD Alois  |  

WiseAlpha, a Fintech that operates a digital bond marketplace, has announced a new social media campaign to put financial wellness on the agenda. With the rapid spread of the Coronavirus (COVID-19), money anxiety is at an all-time high. WiseAlpha is “throwing down the gauntlet” demanding… Read More

March 24, 2020 @ 8:46 am By JD Alois  |  

Revolut, a top digital-only bank operating across Europe and several other countries around the world, has “officially” launched in the US. Last month, Revolut revealed a huge half-billion dollar funding round to help finance its expansion plans. In 2019, Revolut opened up its US services… Read More

March 24, 2020 @ 8:24 am By JD Alois  |  

Camino Financial, a lender with a mission is to catalyze economic growth within low-to-moderate income communities, is out with a report on the US Latinx SME market and their credit needs. The Camino Financial U.S. Latinx Small Business Survey – Q4 2019, the first in… Read More

March 23, 2020 @ 5:47 pm By JD Alois  |  

LendingClub (NYSE:LC), the leading marketplace lending platform in the US, has issued another 8K outlining moves the company has taken to gird its platform during the Coronavirus pandemic. Last week, LendingClub issued a similar 8K outlining moves it had taken as interest rates and credit… Read More

March 23, 2020 @ 2:36 pm By JD Alois  |  

The Coronavirus Aid, Relief, and Economic Security (CARES) Act has not received the votes necessary in the U.S. Senate on the “motion to proceed.” This is not a vote on the final passage but would bring the process to a point where amendments could be… Read More

March 23, 2020 @ 12:13 pm By JD Alois  |  

For a long time, Fintechs were viewed as slicing and dicing various services that banks and other financial services firms provided as part of a cafeteria of offerings. Take online lending for example, marketplaces and direct lenders targeted SME loans and consumer credit as a… Read More

March 23, 2020 @ 11:10 am By JD Alois  |  

Creditshelf Aktiengesellschaft (CSQ.F) is reporting that revenue increased 92% during 2019. According to a release, creditshelf saw revenue increase to €4.564 million from year prior of €2.4 million. The growth was due in part to a successful partnership with Commerzbank. Creditshelf is an online lender… Read More

March 23, 2020 @ 10:35 am By JD Alois  |  

iCapital Network, a Fintech providing access to alternative investments, has closed a $146 million funding round, according to a release. Ping An Global Voyager Fund led the round and was joined by new investors Goldman Sachs (NYSE: GS), Affiliated Managers Group (NYSE: AMG), Hamilton Lane… Read More

March 23, 2020 @ 8:48 am By JD Alois  |  

The US Federal Reserve has announced “extensive” measures to support the economy that has struggled as the Coronavirus pandemic (COVID-19) has devastated both small and large industries. The Fed said that while great uncertainty remains, it has become clear that our economy will face severe… Read More

March 23, 2020 @ 8:15 am By JD Alois  |  

On March 20, 2020, Finastra, a financial services software provider, announced that a “bad-actor” was attempting to introduce malware into their network in what was described as a “common ransomware attack.” Finastra is a company spanning retail banking, transaction banking, lending, and treasury and capital… Read More