February 3, 2025 @ 9:57 am By JD Alois  |  

Regtech ThetaRay will work with IDB Bank, a subsidiary of Israel Discount Bank LTD, to combat financial crime. IDB Bank is an FDIC-insured commercial bank based in New York with offices in California, Florida, and the tri-state area. ThetaRay uses cognitive AI to combat financial… Read More

January 31, 2025 @ 1:45 pm By JD Alois  |  

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued a statement pertaining to an enforcement action against global Fintech Wise. The action arrived with a $2.5 million penalty for the firm. The CFPB claims that Wise failed to serve consumers sufficiently as it misled US customers… Read More

January 31, 2025 @ 1:04 pm By JD Alois  |  

AngelList, an online capital formation platform that focuses on syndicate offerings, is partnering with CoinList to enable Special Purpose Vehicle (SPV) investing for crypto or Crypto SPVs. AngelList and CoinList are related as they are sister platforms. CoinList started its existence as a US-focused coin… Read More

January 31, 2025 @ 12:37 pm By JD Alois  |  

Swan, a European banking Fintech, has raised €42 million in Series B extension funding according to a blog post. Investors in the funding round include Accel, Hexa, Creandum, Lake Star and Eight Roads. Swan said the new money would help it expand its embedded banking… Read More

January 31, 2025 @ 11:27 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is pursuing rules that aim to make it easier for listed companies to issue bonds and investors, including smaller ones, to invest in these assets. The FCA explains that it would like to encourage listed firms to issue bonds… Read More

January 31, 2025 @ 9:43 am By JD Alois  |  

Real estate investment platform CrowdProperty has a new CEO. According to a release, CrowdProperty has selected Steve Deutsch to replace co-founder Mike Bristow who has been CEO of the company since 2018. CrowdProperty said that Bristow is taking a needed sabbatical. Bristow’s LinkedIn profile still… Read More

January 30, 2025 @ 5:32 pm By JD Alois  |  

UK-based Fintech Wise (LON: WISE) has been penalized by the Consumer Financial Protection Bureau (CFPB). Wise has been ordered to pay $2.5 million for claims of failing to provide disclosures to consumers. The $2.5 million is split between $450,000 in redress for impacted individuals and… Read More

January 30, 2025 @ 3:01 pm By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) will meet next month on February 25th. This Committee is tasked with advising the Commission on issues and policies impacting smaller firms while making recommendations on how to improve the ecosystem. Today, the SBCFAC released the… Read More

January 30, 2025 @ 1:58 pm By JD Alois  |  

Several years back, the European Union approved the European Crowdfunding Service Providers Regulation (ECSPR), which enabled issuers to raise funds across all EU member states. Under the rules, an issuer could raise up to €5 million for an offering listed on a regulated securities crowdfunding… Read More

January 30, 2025 @ 12:38 pm By JD Alois  |  

Global payments and transfers Fintech Wise says it has entered Mexico to provide services. Wise said it would enable Mexicans to send money internationally while bolstering the financial corridor to the US. As well, Wise will support 40 different currencies and 160 different countries via… Read More

January 30, 2025 @ 8:45 am By JD Alois  |  

The European Central Bank (ECB) has lowered its benchmark rate by 25 basis points (bps) to 2.75%. The Bank issued a statement explaining that the “disinflation process is well on track” as price increases are said to align with staff expectations. Similar to the US,… Read More

January 29, 2025 @ 3:36 pm By JD Alois  |  

There was little new today emerging from the US Federal Reserve announcement as it decided to hold rates steady, matching market expectations. The Fed decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. The FOMC [Federal Open Market Committee]… Read More

January 29, 2025 @ 12:46 pm By JD Alois  |  

The Senate Banking Committee has posted its list of witnesses for next week’s hearing on the Debanking that took place during the Biden Administration. The following individuals will be sharing their experiences in regard to losing access to the banking system: Nathan McCauley, CEO &… Read More

January 29, 2025 @ 12:00 pm By JD Alois  |  

Online investment platform OurCrowd has once again been recognized as the most active venture investor in Israel – which remains a hot startup market. OurCrowd noted that this is the 11th year in a row that it has been recognized as Israel’s most active venture… Read More

January 29, 2025 @ 10:07 am By JD Alois  |  

LendingClub (NYSE:LC), a digital bank, reported Q4 earnings yesterday, touting a rise in loan originations by 13%, an increase in revenue of 17%, and growth in total assets of 20% when compared to Q4 of 2023. While revenue rose, net income declined quarter over quarter… Read More

January 29, 2025 @ 8:11 am By JD Alois  |  

Lloyds Banking Group is expected to close over 130 bank branches as it continues to downsize due to fewer customers utilizing physical locations. In a report by SkyNews, Lloyds Banking Group is said to be shuttering 61 Lloyds, 61 Halifax, and 14 Bank of Scotland locations beginning in… Read More

January 28, 2025 @ 12:28 pm By JD Alois  |  

The CfPA, or the Crowdfunding Professionals Association, is touting potential legislation aiming to boost the utilization and benefits of Reg CF or Regulation Crowdfunding. The proposed legislation, supported by the Coalition for Crowdfunding American Jobs and Prosperity (CCAJP); the Targeting Resources to Unleash Market Prosperity… Read More

January 28, 2025 @ 11:41 am By JD Alois  |  

Grey and Clear Junction will partner on global payments, according to a company release. Grey is a graduate of Y-Combinator in 2022. The Fintech aims to provide banking services in emerging markets. Current products include multi-currency accounts, real-time money transfers, and virtual cards. Grey targets… Read More

January 28, 2025 @ 11:02 am By JD Alois  |  

Raisin, a European Fintech based in Germany, has joined the American Fintech Council (AFC), Raisin’s platform aims to enable consumers access to the highest-yielding savings accounts regardless of geography. In the US, Raisin is said to currently work with 70 different banks and credit unions…. Read More

January 28, 2025 @ 10:27 am By JD Alois  |  

X (formerly Twitter) has long been expected to move into the Fintech sector. Today, we have an announcement from X CEO Linda Yaccarino on a partnership with Visa (NYSE:V) to enable peer-to-peer payments. Via X, Yaccarino shared that the “Everything  App” (IE X) will work… Read More