September 25, 2019 @ 11:32 am By JD Alois  |  

Equifax (NYSE:EFX) and Alchemy Technology have inked a new partnership to help banks and “specialty finance firms” as well as Fintechs accelerate their development with a white label lending solution. According to a release, Alchemy will provide the nuts and bolts lending software while Equifax… Read More

September 25, 2019 @ 10:02 am By JD Alois  |  

JPMorgan Chase (NYSE:JPM) has committed $25 million to launch Fintech solutions as it renews its commitment to the Financial Health Network’s Financial Solutions Lab, a Fintech accelerator. The Financial Solutions Lab will focus on creating Fintech tools to help people increase savings, reduce debt and… Read More

September 25, 2019 @ 8:34 am By JD Alois  |  

SoFi CEO Anthony Noto visited the studios of CNBC today and during his interview he announced that SoFi will now allow its users to purchase and trade cryptocurrencies. Specifically, Bitcoin, Litecoin and Ethereum – three of the most popular virtual currencies. Noto stated, “cryptocurrency was the… Read More

September 25, 2019 @ 8:20 am By JD Alois  |  

The Securities Commission Malaysia (SC) has registered EdgeProp Sdn Bhd as the first “Recognised Market Operator” to establish and operate a property crowdfunding platform in Malaysia. EdgeProp was granted an approval in principle in September 2019. EdgeProp currently provides a portfolio of services for the… Read More

September 24, 2019 @ 10:17 pm By JD Alois  |  

Bitcoin rapidly deflated today. The world’s most popular crypto is now trading under USD $9000 (~$8700  $8400). At one point today, BTC tanked about USD $1000. So what’s the cause? A portion of the chatter claimed that Bakkt’s much-heralded launch this week was much ado… Read More

September 24, 2019 @ 9:58 pm By JD Alois  |  

While the political chatter in the US is clearly anti-Libra and both France and Germany have expressed their disfavor for Facebook’s stablecoin, Heath Behncke, a founder of the Australian consortium’s bid for Libra Association membership, claims there is strengthening support for Libra. Behncke has recently… Read More

September 24, 2019 @ 5:46 pm By JD Alois  |  

SeedInvest, one of the largest investment crowdfunding platforms in the US, has posted a comment letter pertaining to the Securities and Exchange Commission’s (SEC) concept release on regulatory harmonization. The comment letter is expected to be “one of multiple” letters with this first one addressing… Read More

September 24, 2019 @ 1:41 pm By JD Alois  |  

Funding Circle (LSE:FCH), a leading peer to peer (marketplace) lending platform serving SMEs, has posted a comment letter regarding the Securities and Exchange Commission (SECs) concept release on regulatory harmonization. Funding Circle is the largest peer to peer lender in the UK – the country… Read More

September 24, 2019 @ 1:00 pm By JD Alois  |  

Prime Trust, a custody and escrow platform providing services to both traditional and digital assets, has announced Binance America (BAM) as a customer. Binance is frequently credited with being the largest crypto exchange in the world. Recently, Binance announced Binance.us to serve US-based customers who… Read More

September 24, 2019 @ 11:04 am By JD Alois  |  

Digital asset issuance and management platform Securitize has raised $14 million in a funding round led by three big multinational banks: Banco Santander (InnoVentures), MUFG (Mitsubishi’s VC arm) and Nomura Holdings. The investment is a solid recognition of the growing relevance of digitization of securities… Read More

September 24, 2019 @ 10:32 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), at Cambridge Judge Business School, is out with the Asean Fintech Ecosystem Benchmarking Study published in partnership with the Asian Development Bank Institute (ADBI) and FinTechSpace in Taiwan. CCAF is the leading research institute covering the global alternative… Read More

September 24, 2019 @ 8:20 am By JD Alois  |  

Following recent $6.2 million funding round, “KNØX” has announced the launch of a digital asset custody service and insurance coverage for the assets. KNØX seeks to provide the service to institutional clients, such as asset managers, as securities and other assets migrate to the digital… Read More

September 23, 2019 @ 7:22 pm By JD Alois  |  

The Association of Online Investment Platforms (AOIP) visited both House and Senate staffers last week, along with a meeting at the US Department of Treasury. The goal of the trip was to review the status of current crowdfunding exemptions and what must be done to… Read More

September 23, 2019 @ 2:45 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed its latest complaint targeting another allegedly fraudulent initial coin offering (ICO). According to a release, the SEC has charged Jonathan C. Lucas, the former founder and CEO of Fantasy Market, an online adult entertainment marketplace, with orchestrating… Read More

September 23, 2019 @ 12:57 pm By JD Alois  |  

Fintech software provider ShareIn has launched a new product “ShareIn Pay.” ShareIn is a software company that can power crowdfunding and peer to peer lending services. Today, ShareIn is offering a payments product to “address a gap in the market.” The Edinburgh based investment software… Read More

September 23, 2019 @ 10:50 am By JD Alois  |  

Security token offering platform Neufund has kicked off its next STO with the whitelisting process for Greyp, an eBike creator and a spinoff from Rimac Automobili, founded by e-vehicle entrepreneur Mate Rimac. Rimacs is an electric vehicle manufacturer that has captured investors such as Porsche…. Read More

September 23, 2019 @ 7:34 am By JD Alois  |  

Pagaya has closed on a $200 million consumer credit asset-backed security (ABS) fully-managed by its AI. This transaction is Pagaya’s largest to-date and the fourth this year, bringing the Fintech’s issuance to $515 million in the first nine months of 2019, according to a note… Read More

September 22, 2019 @ 9:57 pm By JD Alois  |  

Several weeks ago, Crowdfund Insider reported on letters being mailed by the US Internal Revenue Service (IRS) to individuals regarding possible taxes owed on crypto trading gains. These “CP2000” letters are largely driven by mandatory reporting from cryptocurrency exchanges. As CI has been told, many of… Read More

September 22, 2019 @ 7:03 pm By JD Alois  |  

Fintech Abu Dhabi has partnered with the UAE Banks Federation (UBF) as the Strategic Industry partner of the upcoming Fintech Festival. Fintech Abu Dhabi is organised by Abu Dhabi Global Market (ADGM ) – the financial center in Abu Dhabi.  UBF is the leading industry… Read More

September 21, 2019 @ 4:21 pm By JD Alois  |  

Real estate investment platform Rich Uncles (BrixInvest LLC) was hit with a lawsuit this past week filed in the Superior Court of the State of California in Los Angeles. Rich Uncles uses non-listed REITs, typically using the Reg A+ securities exemption, to enable investors to… Read More