July 19, 2017 @ 6:09 pm By JD Alois  |  

Chief Deputy Whip Patrick McHenry, the Vice Chairman of the House Financial Services Committee has partnered with Congressman Gregory Meeks to introduce HR 3299 entitled, “Protecting Consumers’ Access to Credit Act of 2017“. This bill is designed to “restore consistency to our nation’s lending laws… Read More

July 19, 2017 @ 5:51 pm By JD Alois  |  

Hester Peirce, a Professor at George Mason University, has been nominated to become a Commissioner at the Securities and Exchange Commission thus filling one of two vacancies. Peirce was previously selected by the Obama administration to become a Commissioner but the nomination stalled in the Senate… Read More

July 19, 2017 @ 2:44 pm By JD Alois  |  

The Acting Comptroller of the Office of the Comptroller of the Currency, Keith Noreika, answered a pressing question today in a speech delivered at the Exchequer Club in Washington, DC. Noreika asked the question of himself that everyone in finance had been wondering; “What are… Read More

July 19, 2017 @ 12:46 pm By JD Alois  |  

Innovate Finance, a non-profit membership association for the global Fintech sector, will host the inaugural Fintech Growth Forum to assist Fintech startups on Tuesday 19th September in London. The growth forum is designed to provide a platform for startups to engage and learn about the… Read More

July 19, 2017 @ 12:23 pm By JD Alois  |  

The Securities and Exchange Commission has announced that Christopher R. Hetner will continue to serve as Senior Advisor to Chairman Jay Clayton for Cybersecurity Policy, having previously served in this role under Chair Mary Jo White and Acting Chairman Michael Piwowar. Hetner will continue to… Read More

July 19, 2017 @ 12:01 pm By JD Alois  |  

OTC Markets Group Inc. (OTCQX: OTCM), has announced that Corporate Stock Transfer has joined OTC Markets’ Transfer Agent Verified Shares Program.  This broadens the list of transfer agents that have partnered with OTC Markets Group to provide greater transparency of share information for OTCQX, OTCQB and Pink® securities…. Read More

July 19, 2017 @ 11:14 am By JD Alois  |  

KyberNetwork is a new project headed up by Loi Luu, a PhD candidate at National University of Singapore. He has done research on cryptocurrencies, smart contract security and distributed consensus algorithms and is one of the original founders of Oyente and Smartpool. KyberNetwork is a new… Read More

July 19, 2017 @ 10:48 am By JD Alois  |  

Waves has already launched Bitcoin, USD and EUR gateways, now the platform has implemented an Ether gateway within the lite client for improved decentralized trading. Waves says the gateway will enable users to store ETH and trade it against other tokens on the Decentralized Exchange… Read More

July 19, 2017 @ 9:21 am By JD Alois  |  

Finstar Financial Group has announced it will dedicate $150 million into Fintech startups over the next five years. Finstar is a private equity founded by Oleg Boyko who launched the firm in 1996. Finstar invests in IT, consumer retail and real estate. In recent years… Read More

July 19, 2017 @ 8:12 am By JD Alois  |  

Nesta , a global innovation foundation, has announced the twenty Fintech firms that will participate in the Open Up Challenge. Nesta announced the competition this past February. The Open Up Challenge is a global search for organizations who would use new open banking Application Programming… Read More

July 19, 2017 @ 7:39 am By JD Alois  |  

Prospa, an online lender to Australian small business, has been awarded the 2017 Telstra New South Wales Medium Business Award in the 2017 Telstra Business Awards. Prospa said it was the first Fintech company to be awarded the accolade. This is the company’s third consecutive… Read More

July 19, 2017 @ 7:22 am By JD Alois  |  

​The Bank of England has announced that non-bank payment service providers (PSP) are now eligible to apply for a settlement account in the Bank’s RTGS or Real Time Gross Settlement system. For Fintech firms, holding their own settlement account at the Bank enables direct access… Read More

July 18, 2017 @ 10:44 am By JD Alois  |  

Beauhurst is out with their monthly report for June and, according to their numbers, things are looking up for equity investments into high growth UK firms. This follows news by OFF3R that said equity crowdfunding in the UK had experienced a record breaking first half… Read More

July 18, 2017 @ 9:39 am By JD Alois  |  

OTC Markets Group Inc. (OTCQX: OTCM) has announced that Jason Paltrowitz, Executive Vice President of Corporate Services, has joined the Board of Directors of the Crowdfunding Professional Association (CfPA). In his role at OTC Markets Group, Paltrowitz is responsible for managing the firm’s Corporate Services business. OTC… Read More

July 18, 2017 @ 8:28 am By JD Alois  |  

OFF3R is out with a report today on the status of equity crowdfunding in the UK. According to their numbers, the UK investment crowdfunding sector is booming. In fact the OFF3R Index states that UK crowdfunding platforms raised a record £130 million during the first… Read More

July 18, 2017 @ 7:56 am By JD Alois  |  

Bondora, a European peer to peer lender based in Estonia, has announced that it has become profitable during the first six months of 2017. Bondora stated that it had generated a net profit of €300,00 during the first half of the year. The overall revenue target… Read More

July 18, 2017 @ 7:21 am By JD Alois  |  

Form3,  cloud-based platform for global payments processing, has secured a strategic investment from Barclays, the Angel Co-Fund and several individual investors who have joined the existing shareholders in raising $5 million Series A. Form3 is a turnkey solution that is simple to incorporate and pay… Read More

July 17, 2017 @ 10:25 pm By JD Alois  |  

Manatt, Phelps & Phillips, LLP, has announced new co-chairs of the firm’s financial services group. Three attorneys have been appointed to this leadership role including Brian Korn, Donna Wilson and Richard Gottlieb. The three attorneys are spread across the country with Gottlieb located at the firm’s… Read More

July 17, 2017 @ 3:43 pm By JD Alois  |  

Recently the total amount of Reg CF (or Regulation Crowdfunding) issuers successfully funded topped $40 million. According to the data dashboard on NextGen Crowdfunding, total amount of investor commitments has now topped $46 million. The rule created by the JOBS Act that allows companies to… Read More

July 17, 2017 @ 2:04 pm By JD Alois  |  

Chicken Soup for the Soul Entertainment, Inc., a provider of video content, has launched its Reg A+ equity crowdfunding round seeking to raise up to $30 million in an “mini-IPO.” Chicken Soup stated today it intended to trade on the NASDAQ under the symbol “CSSE”… Read More