October 19, 2018 @ 10:03 am By JD Alois  |  

Leading marketplace lending platform LendingClub (NYSE:LC) has partnered with Intuit (NASDAQ:INTU) and their Turbo product to speed up the borrowing process. According to the two companies, TurboTax data can now automatically flow directly into the LendingClub loan application and thus the borrowers may bring their… Read More

October 19, 2018 @ 9:01 am By JD Alois  |  

The North American Securities Administrators Association (NASAA), the group that represents state, provincial and territorial securities regulators, has published their annual enforcement report for 2017. Each year, NASAA correlates a summary of all the legal actions, including penalties and criminal prosecution from the US, Canada and… Read More

October 19, 2018 @ 8:05 am By JD Alois  |  

The Financement Participatif France (FPF), the French Crowdfunding Association, has published an interesting blog post this week. According to the FPF, there are rumors which have been published about a distressed online lending platform. The FPF does not mention any platform names. Today, there are over 60… Read More

October 18, 2018 @ 3:42 pm By JD Alois  |  

The Securities and Exchange Commission has obtained final judgement against Richard J. Greenlaw, a founder of a medical marijuana company. According to the SEC, Greenlaw created 20 affiliated entities and then raised $500,000 from investors by using Craigslist – the popular online classified site. The twenty cannabis-related… Read More

October 18, 2018 @ 3:06 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has launched a new “FinHub” described as a strategic hub for innovation and financial technology or Fintech. According to the SEC, the FinHub will serve as a resource for public engagement on the SEC’s Fintech related issues and initiatives. These… Read More

October 18, 2018 @ 1:57 pm By JD Alois  |  

Last week, the North Dakota Securities Commissioner Karen Tyler issued three separate Cease & Desist (C&D) orders against three initial coin offerings (ICOs). The new C&Ds are part of an ongoing initiative by the Commissioner and the Department’s ICO Task Force which is investigating questionable… Read More

October 18, 2018 @ 10:48 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled the annual Government-Business Forum on Small Business Capital Formation for this coming December and this year they are taking the event to the Buckeye state. The SEC announced today the Forum will be held at the Ohio State… Read More

October 18, 2018 @ 10:00 am By JD Alois  |  

iDisclose, a Legaltech firm that currently provides streamlined solutions to complete both Reg D and Reg CF securities offerings, will soon add Reg A+ to its list of services. iDisclose has announced a new partnership with Ketsal Consulting, a firm comprised of former big law… Read More

October 18, 2018 @ 8:19 am By JD Alois  |  

NatWest has announced the launch of a syndicated loan market built on blockchain. The goal is to “dramatically transform and streamline the global syndicated loans market.” NatWest partnered with Fusion LenderComm, a platform built by Finastra. The new platform will go-live in November. NatWest notes… Read More

October 18, 2018 @ 7:40 am By JD Alois  |  

Peer to peer property lender, CrowdProperty say they have now repaid over £10,000,000 to lenders. The online lender reports they continue to hold a 100% capital and interest payback track record. According to CrowdProperty CEO, Mike Bristow, the £10,088,967 paid back includes £9,221,876 capital and… Read More

October 17, 2018 @ 8:41 pm By JD Alois  |  

The UK Department for International Trade, along with the Prime Minister’s Fintech Ambassador Al Lukies, are heading to Australia as part of the “GREAT Britain showcase.” The group will be participating in Sibos 2018 taking place in Sydney. According to the UK government, the delegation’s aim… Read More

October 17, 2018 @ 7:38 pm By JD Alois  |  

The Colorado Division of Securities posted a note this week about issuing “final” Cease & Desist orders pertaining to two companies promoting initial coin offerings (ICOs). The C&D referenced selling un-registered securities in the state. Davor, offering the DavorCoin, and Cyber Capital Invest, offering CCI… Read More

October 17, 2018 @ 3:42 pm By JD Alois  |  

Origin Protocol, a blockchain based company that issued a token on CoinList and then raised money from outside the US with a public sale, has launched their platform that is designed to create the “backbone for decentralized peer to peer commerce.” Origin said they expected… Read More

October 17, 2018 @ 11:42 am By JD Alois  |  

Digital payments Fintech Azimo says it will allow SME owners across the UK and Europe to pay for goods, salaries and investments in 189 countries and territories beginning this week. Azimo claims it will undercut most pricing by banks by at least 75%. The service… Read More

October 17, 2018 @ 11:04 am By JD Alois  |  

Recently, KPMG and Financement Participatif France (FPF – The French Crowdfunding Association) published a report pertaining to crowdfunding sector performance during the first half of 2018. The term crowdfunding relates to both debt and equity online capital formation, similar to many other parts of the… Read More

October 17, 2018 @ 8:43 am By JD Alois  |  

Two GTR Ventures portfolio companies have joined to create a blockchain application designed to eliminate invoice financing fraud. The two Fintechs, global invoice discounting platform Incomlend, has adopted Invoice Check – a blockchain application developed by Trade Finance Market (TFM). The companies state that invoice… Read More

October 17, 2018 @ 8:16 am By JD Alois  |  

Corviglia Capital Fund, created by two European entrepreneurs – Petr Šmída and Cezary Smorszczewski, has announced  a$500 million Fintech focused fund to back later stage Fintech companies. Corviglia says it intends to deploy half of the fund in the first three years. Šmída has a… Read More

October 16, 2018 @ 10:28 pm By JD Alois  |  

Ping An Insurance Group held an investor day in Shenzen this week. Ping An is one of the largest financial companies in the world. The firm boasts 179 million customers along with 485 million internet users. The company trades on both the Hong Kong and… Read More

October 16, 2018 @ 9:46 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) issued temporary rules for companies that issued securities under Regulation Crowdfunding (Reg CF) and Regulation A (Reg A+). The rules provide relief for victims of Hurricane Michael. The “interim final temporary rule”  extends the deadline for issuers subject to… Read More

October 16, 2018 @ 6:08 pm By JD Alois  |  

Funding Circle (LSE:FCH), the now publicly traded peer to peer lending company based in the UK, has long operated a US subsidiary providing access to credit for SMEs. While the UK iteration is more about P2P in the US, due to antiquated securities regulations, it… Read More