February 28, 2017 @ 7:44 am By JD Alois  |  

The Payment Systems Regulator (PSR) has published draft “Terms of Reference” outlining how it intends to review whether the operators of CHAPS (Clearing House Automated Payment System) and Faster Payments Scheme (FPS), need to play an expanded role to reduce consumer harm caused by particular… Read More

February 27, 2017 @ 6:22 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an “Evidence Summit” to be held at the SEC headquarters on F Street in Washington, DC on March 10th. Organized by the Office of Investor Advocate, the Summit will “discuss strategies for raising retail investors’ understanding of… Read More

February 27, 2017 @ 4:04 pm By JD Alois  |  

Oracle is one of the largest software and services company in the world. Only second to Microsoft, Oracle has grown and pushed into a multitude of verticals and businesses. Today much of Oracle’s business has to do with Enterprise Resource Planning (ERP) software – massive… Read More

February 27, 2017 @ 2:41 pm By JD Alois  |  

Prosper Marketplace, one of the leading online lenders in the US, has signed an agreement with a group of institutional investors to purchase up to $5 billion in loans over the next 24 months. The agreement alleviates a challenging situation that has been endured by… Read More

February 27, 2017 @ 11:33 am By JD Alois  |  

SoFi (né Social Finance) has closed on a $500 million funding round according to multiple reports. The additional capital will be leveraged for global expansion and the development of new financial services products. SoFi claims the largest Fintech funding ever as SoftBank pumped $1 billion… Read More

February 27, 2017 @ 10:08 am By JD Alois  |  

Labeled a landmark event for Islamic Finance, Yielders has claimed to be the first UK Fintech company gaining a Sharia Compliance Certification. The equity-based property crowdfunding platform, founded by Irfan Khan,  successfully completed the independent sharia certification conducted by IFC and overseen by a prominent scholar. Achieving… Read More

February 27, 2017 @ 9:33 am By JD Alois  |  

Tokyo Otaku Mode Inc. (TOM) is a Delaware incorporated company that has launched crowdfunding in Japan. So why incorporate in the US? TOM is designed to be a global rewards-based or presale crowdfunding platform. Just launched today, TOM will be supporting, funding and allowing purchasing… Read More

February 27, 2017 @ 8:18 am By JD Alois  |  

Innovate Finance, an association that represents the UK’s global Fintech community, together with its strategic partner Hogan Lovells, is reviewing the “potentially transformative role” of regulatory technology or Regtech.  Specifically, they are reviewing the highly fragmented US financial regulatory environment – one that stifles innovation… Read More

February 27, 2017 @ 8:05 am By JD Alois  |  

PeerIQ has announced a new partnership with 1010data to provide normalized online lending data to investors. The two companies will seek to provide a robust environment for online lending investors to easily analyze and build applications based off the platform. PeerIQ is a provider of… Read More

February 27, 2017 @ 7:54 am By JD Alois  |  

Zopa, the first peer to peer lender to launch in the UK, has been recognized as a Superbrand receiving this status for the first time. Zope joins a coterie of some of the world’s most recognized brands including Virgin, British Airways, and Apple. Superbrands is… Read More

February 26, 2017 @ 2:11 pm By JD Alois  |  

Investment crowdfunding platform StartEngine has organized a series of events across the country to boost awareness and platform utilization. Beginning this Monday (February 28), StartEngine will host a day long event entitled “1 Day to $100,000” to educate companies about their online funding options. StartEngine… Read More

February 26, 2017 @ 1:21 pm By JD Alois  |  

“Tiko 3D: Another crowdfunding fail, as backers money goes down the drain.” Tiko 3D is the second most-funded 3D printer on Kickstarter ever —the first being M3D who launched the Micro consumer 3D printer back in 2014.  M3D raised $3.4 million on Kickstarter from over 11,800… Read More

February 26, 2017 @ 10:27 am By JD Alois  |  

President Donald Trump has been flexing the power of his office by enacting multiple Executive Orders (EO). The most recent from the Trump administration is, once again, addressing regulatory reform.  Trump has signed two other EOs tackling regulations that may impact the financial services sector…. Read More

February 25, 2017 @ 2:11 pm By JD Alois  |  

KPMG published their quarterly Fintech report last week. The Pulse of Fintech Q4 2016, shares both quarterly and full year numbers for global Fintech investment. According to the report, investments and mergers value dropped from $46.7 billion in 2015 to $24.7 billion in 2016. KPMG… Read More

February 25, 2017 @ 1:38 pm By JD Alois  |  

New Leaf Digital has partnered with Wefunder to host the “world’s first” live crowdfunding event using Title III of the JOBS Act or Reg CF. New Leaf Digital is a Huntsville-based 501c3 nonprofit organization that provides innovation education opportunities to North Alabama’s millennial population. With… Read More

February 24, 2017 @ 7:52 pm By JD Alois  |  

Lufax, othe largest peer to peer lenders in the world, is pivoting away from the online lending business. This is according to a report in WSJ.com. Lufax operates online and off – with more than 500 brick and mortar locations in over 200 cities. The… Read More

February 24, 2017 @ 7:28 pm By JD Alois  |  

Lending Club (NYSE:LC) has tweaked the way it manages the “grace period” for borrowers when they make payments past the due date. Previously, borrowers received a 15 day grace period for any penalties on payments less than 15 days late.  Beginning today, Lending Club requires… Read More

February 24, 2017 @ 5:39 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has launched a bespoke Fintech regulatory sandbox. The CSA described the Sandbox as an initiative that supports businesses seeking to offer innovative products, services, and applications. “The objective of this initiative is to facilitate the ability of those businesses to… Read More

February 24, 2017 @ 11:56 am By JD Alois  |  

As traditional banks reduce their physical presence across the country some online lenders are increasing their brick and mortar operations.  Assetz Capital is investing in their regional team and, in fact, grew their numbers by 110% during 2016. Stuart Law CEO and co-founder of the P2P… Read More

February 24, 2017 @ 8:06 am By JD Alois  |  

Bambu, the Singapore-based Robo-Advisory platform, has provided an update on their one year anniversary. Bambu is a Fintech firm that provides a white label platform for investment managers to provide a robust array of online advisory services for desktops and mobile devices. During the first year… Read More