April 30, 2019 @ 2:13 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has opened a consultation on a proposed Innovation Pilot Program. The OCC charters, regulates, and supervises national banks and federal savings associations. The OCC has also been a proponent of a Fintech Charter but as of… Read More

April 30, 2019 @ 12:22 pm By JD Alois  |  

During a speech delivered today, Chancellor of the Exchequor Philip Hammond announced the creation of  the FinTech Alliance. The goal is to create one site to join all the aspects of the burgeoning Fintech sector of finance in the UK. The FinTech Alliance will be… Read More

April 30, 2019 @ 12:02 pm By JD Alois  |  

The Securities and Exchange Commission Office of the Advocate for Small Business Capital Formation has provided additional details on the upcoming Roundtable scheduled for May 6th. The Roundtable was announced yesterday and is scheduled to take place the same day as the first meeting of… Read More

April 30, 2019 @ 11:44 am By JD Alois  |  

BlockState, a new Switzerland based tokenization platform, has announced the first security token offering (STO) from Berlin-based Streetlife International. BlockState is an online capital formation platform for privately owned assets. The company says it will tokenize assets under existing Swiss regulation. The first STO is… Read More

April 30, 2019 @ 11:24 am By JD Alois  |  

“The UK is now a Fintech powerhouse.” Chancellor of the Exchequer Philip Hammond made an appearance at UK Fintech Week today to address Fintech innovation in the United Kingdom. Noting that the City of London has always driven innovation and change, Hammond pointed to the… Read More

April 30, 2019 @ 9:47 am By JD Alois  |  

Blockchain ecosystem IOTA announced a significant partnership yesterday with Jaguar Land Rover. The posh auto manufacturer ‘Smart Wallet’ technology is expected to utilize the IOTA Tangle (their flavor of blockchain) for data and value transfer. IOTA reports that it has already been equipped on several… Read More

April 30, 2019 @ 9:33 am By JD Alois  |  

The Spotcap Fintech Fellowship program is now open for applications until August 15, 2019. The program seeks to help talented individuals pursue studies in Fintech. The Fellowship offers an £8k award to one postgraduate student studying a fintech related course at a UK university. This… Read More

April 30, 2019 @ 7:45 am By JD Alois  |  

Yesterday at the opening of UK Fintech Week, Secretary of State for International Trade and President of the Board of Trade Liam Fox announced the launch of the “DIT Fintech Bridge Pilot Program.” According to the Department for International Trade (DIT), the Bridge announced is… Read More

April 29, 2019 @ 9:22 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled a Small Business Roundtable as well as the first meeting of the Small Business Capital Formation Advisory Committee on Small and Emerging Companies to take place on May 6th. Both meetings will be held at the SEC… Read More

April 29, 2019 @ 9:09 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has ordered the suspension of trading for Bitcoin Generation, Inc. The company traded under the symbol BTGN on OTC Markets Link (previously Pink). According to a profile on OTC Markets, Bitcoin Generation is an Oklahoma based company that “specializes… Read More

April 29, 2019 @ 7:42 pm By JD Alois  |  

A document recently published by the Fintech Council of the German Federal Government has outlined the country’s potential approach to blockchain technology. The document is a consultation entitled “Stellungnahme des FinTechRat zur Blockchain-Strategie der Bundesregierung im Rahmen der öffentlichen Konsultation.” The “FinTechRat” is an advisory… Read More

April 29, 2019 @ 2:04 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has announced the first cross border tests of the Global Financial Innovation Network (GFIN) – a grouping of global regulators seeking to collaborate on Fintech innovation. The FCA states they received 44 applications for the pilot. After this initial… Read More

April 29, 2019 @ 1:47 pm By JD Alois  |  

It is UK Fintech Week in London and there has been a flurry of announcements regarding new programs designed to boost the status of London as a leading Fintech hub. In a speech this morning, Christopher Woolard, Executive Director of Strategy and Competition at the… Read More

April 29, 2019 @ 11:55 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has released a report on Fintech innovation and progress made in the last few years and so far, the feedback is encouraging. It is widely recognized that the UK is a leading, global Fintech hub. This fact would not… Read More

April 29, 2019 @ 11:14 am By JD Alois  |  

Legaltech LawCloud has formed a new partnership with Insurtech Assurely to provide discounted insurance for the securities crowdfunding and online capital raising industries, according to a note from the two firms. Users of LawCloud’s iDisclose service will now receive a credit on the “CrowdProtector” insurance… Read More

April 29, 2019 @ 8:30 am By JD Alois  |  

DIT Fintech Bridge As London Fintech Week kicks off, the Department for International Trade (DIT), in partnership with Her Majesty’s Treasury (HMT), have announced new programs to boost Fintech innovation. According to a release from DIT, the UK will be building upon their Fintech Bridge… Read More

April 29, 2019 @ 7:36 am By JD Alois  |  

Nuggets, an e-commerce payments and ID platform that stores data on the blockchain, has been accepted into the UK Financial Conduct Authority (FCA) Innovation Sandbox, for the second time. This is the regulators’ fifth cohort since the Fintech sandbox launched. Nuggets will be testing its… Read More

April 29, 2019 @ 7:24 am By JD Alois  |  

AngelHub has received regulatory approval, including two separate securities licenses, according to a report in the SCMP. Based in Hong Kong and part of the burgeoning Fintech scene, AngelHub is the first platform to receive such approval. AngelHub is the creation of the founders of… Read More

April 28, 2019 @ 5:59 pm By JD Alois  |  

Earlier this month, securities rating firm Moody’s produced a report on blockchain technology and the implication for financial services firms.  In a release, Moody’s stated that “blockchain technology has the potential to significantly reduce the costs and time involved in cross-border banking transactions, increasing banks’… Read More

April 27, 2019 @ 6:39 pm By JD Alois  |  

In a tweet last week, NYTimes crypto reporter stated that Etrade will soon allow Bitcoin trading. In the wake of TD Ameritrade quietly opening Bitcoin trading for some of its customers, I was just told that eTrade is preparing to begin offering both Bitcoin and… Read More