February 25, 2019 @ 3:31 pm By JD Alois  |  

Banco BTG Pactual, an investment bank based in Sao Paolo, Brazil, is going crypto. More specifically, the bank is issuing a security token based on real estate assets. BTG Pactual is no small operation. In fact, total assets are pegged at over R$270 billion (USD $70+… Read More

February 25, 2019 @ 1:11 pm By JD Alois  |  

According to a release from Symbiont, Templum will now utilize Symbiont’s Assembly as their blockchain and smart contract technology for both capital raising and secondary trading platform. Templum is the parent company of Templum Markets – a broker-dealer and regulated alternative trading system (ATS). Symbiont… Read More

February 25, 2019 @ 10:28 am By JD Alois  |  

PeerStreet has been recognized as one of the 2019 Best Places to Work in Financial Technology (Fintech). The awards program is a project of SourceMedia and Best Companies Group. The relatively young survey seeks to identify and highlight the best employers in Fintech. Previously, PeerStreet received… Read More

February 25, 2019 @ 9:42 am By JD Alois  |  

There has been growing chatter that Square (NYSE: SQ) may soon receive approval regarding their application to become an Industrial Loan Company (ILC) which is similar to a bank. The change of leadership at the FDIC has set a more positive tone for Fintechs and their… Read More

February 25, 2019 @ 7:16 am By JD Alois  |  

UK Finance has launched a national campaign encouraging small and medium-sized enterprises (SMEs) to prepare for the potential changes as Brexit nears. Entitled “Let’s Talk Business,” the campaign is being supported by various organisations including the Federation of Small Businesses (FSB), British Chambers of Commerce… Read More

February 24, 2019 @ 6:40 pm By JD Alois  |  

In the past week, Crowdcube has issued a request to change the Nominee terms for Monzo, a digital-only challenger bank that has gained Unicorn status. Monzo has crowdfunded several times on Crowdcube. The most recent crowdfunding round saw the Fintech raise £2 million in just two… Read More

February 23, 2019 @ 11:22 am By JD Alois  |  

The state of Wyoming has been boldly moving forward in a way that no other US states can claim when crafting crypto friendly laws. As Crowdfund Insider outlined last week, the most recent legislation passed is SF125; a bill that recognizes property rights for digital… Read More

February 23, 2019 @ 10:10 am By JD Alois  |  

Earlier this month, the Quebec Autorité des marchés financiers (AMF), along with the Financial Markets Administrative Tribunal issued “conservatory orders” against Crypto Technologies Inc. (DBA Make It Mine), and principles David Fortin-Dominguez and Samory Proulx-Oloko for “failures to comply with the Securities Act.” The order was the… Read More

February 22, 2019 @ 5:15 pm By JD Alois  |  

ClearBank, a challenger clearing bank (the UK’s first new clearing bank in more than 250 years), has been awarded a grant from the RBS Alternative Remedies Package of £60 million. The grant is one of three from Pool A of the Capability and Innovation Fund that forms… Read More

February 22, 2019 @ 4:48 pm By JD Alois  |  

Recently, it was announced that Fincross International will be the lead sponsor for the upcoming Security Token Summit taking place in LA this spring – as well as CIS. A relatively new company, Fincross is described as “a next-generation digital investment bank.” The digital investment bank… Read More

February 22, 2019 @ 3:40 pm By JD Alois  |  

TransUnion (NYSE: TRU), a US consumer credit reporting agency that profiles just about every single consumer, has just published its Q4 2018 Industry Insights Report and their data holds good news for Fintechs. According to TransUnion, Fintechs continue to increase their market share of personal loans… Read More

February 22, 2019 @ 8:49 am By JD Alois  |  

Sweden based FundedByMe has received approval to list its shares on the Nordic Growth Market (NGM), a regulated exchange that operates in Sweden, Finland, Denmark, and Norway. NGM is a wholly-owned subsidiary of Boerse Stuttgart. Shares in FundedByMe will commence trading on Friday, March 8, 2019 under… Read More

February 22, 2019 @ 2:36 am By JD Alois  |  

Nik Storonsky, the CEO and co-founder of digital bank Revolut, has told the UK Government to create specialised tech visas for professionals to ameliorate growing concerns of Brexit fallout. Revolut said it plans on doubling its workforce in the coming months as it expands services and… Read More

February 21, 2019 @ 10:19 pm By JD Alois  |  

CoinList, a platform for security tokens, is offering its first investment of the year. The securities are being issued under Reg D and Reg S. Ocean is described as an ecosystem that “securely exposes data, storage, compute, and algorithms for consumption.” The data feature incorporates… Read More

February 21, 2019 @ 6:24 pm By JD Alois  |  

Crowdfunding has been legal in Canada for some time now but in Canada, securities are managed and regulated at the provincial level thus creating a bit of a regulatory mishmash which proves difficult and costly to firms. Issuers must be certain to manage any provincial… Read More

February 21, 2019 @ 2:32 pm By JD Alois  |  

Upgrade, an online lender in the consumer credit sector, has closed its second securitization of personal loans. Upgrade Receivables Trust 2019-1 (UPGR 2019-1) issued $225 million in notes backed by personal loan assets facilitated through the Upgrade platform. The Upgrade Receivables Trust securitization was rated… Read More

February 21, 2019 @ 8:24 am By JD Alois  |  

Apple (NASDAQ: APPL) and Goldman Sachs (NYSE: GS) are hooking up with a new credit card scheduled to launch this spring, according to a report in WSJ.com. Rumblings of a Goldman – Apple partnership first emerged in May of 2018, again reported by WSJ. At… Read More

February 20, 2019 @ 8:25 pm By JD Alois  |  

Speedy blockchain Hedera Hashgraph has announced the first members of the Hedera Hashgraph Governing Council. The group will guide changes to the software run by Hedera distributed nodes over time. Hedera says the initial Council members will be Deutsche Telekom, DLA Piper, Magazine Luiza, Nomura Holdings,… Read More

February 20, 2019 @ 7:55 pm By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC) proposed a reform that would permit potential issuers to gauge investor interest prior to pursuing an offering. According to the SEC, the new rule and related amendments would expand the “test-the-waters” process, currently available to emerging growth companies or “EGCs,”… Read More

February 19, 2019 @ 7:45 pm By JD Alois  |  

Leading marketplace lending platform LendingClub (NYSE: LC), released Q4 earnings today along with full year 2018 numbers, and its numbers beat expectations. LendingClub reported record loan originations of $10.9 billion a 21% increase versus the year prior. Net revenue jumped along with originations rising 21%… Read More