June 16, 2016 @ 10:34 am By JD Alois  |  

Thomson Reuters has announced they will now provide clients with closing bid, offer and trade data on the over 10,000 securities trading on the various OTC marketplaces. OTC Markets already provides real-time data via the Thomson Reuters Elektron and Eikon products. “We’re pleased to be… Read More

June 16, 2016 @ 10:08 am By JD Alois  |  

Real estate crowdfunding platform PeerStreet has updated its platform to “further improve the investing experience.” The feature enhancements include updates to the automated investing tool, instant account funding abilities, a new notification center, payment schedule and a streamlined investing program.  PeerStreet stated the improvements were… Read More

June 15, 2016 @ 10:57 am By JD Alois  |  

The Minnesota intrastate crowdfunding law kicks off next week when the Minnesota Commerce Department will begin accepting applications for portal operators on June 20th. The new law, enacted about one year ago, was created to allow ordinary Minnesota citizens to use crowdfunding to invest up to $10,000… Read More

June 15, 2016 @ 10:38 am By JD Alois  |  

Mambu, a SaaS alternative to legacy core banking software that allows financial firms to move quickly online, has partnered with several accelerators and incubators on a Fintech Startup Program. The new initiative is said to enable startups to build financing products faster and cheaper than… Read More

June 15, 2016 @ 9:32 am By JD Alois  |  

Yesterday the United States Court of Appeals, DC Circuit, denied a case challenging the Securities and Exchange Commission and their rules under Title IV of the JOBS Act, otherwise known as Reg A+. The enjoined case brought by the states of Montana and Massachusetts saw… Read More

June 14, 2016 @ 1:21 pm By JD Alois  |  

The United States Court of Appeals, for the District of Columbia Circuit, has shot down an attempt by state regulators to turn back Title IV of the JOBS Act, also called Regulation A+. The action filed against the SEC was brought to bear by the… Read More

June 14, 2016 @ 12:11 pm By JD Alois  |  

In 2011, an average of 8,000 small and micro businesses were denied funding each day from traditional banks. This statement is not from some fanatical Fintech entrepreneur but our current Secretary of the Treasury, Jack Lew.  It is this profound gap between demand, and supply,… Read More

June 14, 2016 @ 9:00 am By JD Alois  |  

Germany represents the fourth largest economy in the world, ahead of the UK and following  the economy of Japan.  The German economy is dominated by the Mittlestand: small and medium-sized companies, many which are family owned, that fuel prosperity with their robust productivity. These smaller… Read More

June 13, 2016 @ 6:51 pm By JD Alois  |  

Testing the Waters, or TTW as it is called, is being successfully leveraged during Reg A+ crowdfunding campaigns. The concept is pretty simple.  For issuing companies that want to raise capital online, using TTW allows them to gauge investor interest.  Investors may register with a… Read More

June 13, 2016 @ 3:16 pm By JD Alois  |  

Mary Jo White, the Chair of the Securities and Exchange Commission, will be presenting before the Senate Committee on Banking, Housing, and Urban Affairs. The open session, scheduled for this Tuesday, June 14 at 9AM, has been labeled, “Oversight of the US Securities and Exchange… Read More

June 13, 2016 @ 10:35 am By JD Alois  |  

The White House organized a Fintech stakeholder meeting last week to discuss how “Fintech can help advance critical economic policy priorities.” Even while a plethora of regulatory agencies is circling to put the breaks on Fintech innovation, it is somewhat encouraging the Executive branch of… Read More

June 13, 2016 @ 9:52 am By JD Alois  |  

Mondo, the digital only challenger bank that raised an astounding £1 Million in 96 Seconds on Crowdcube earlier this year, is changing its name. While the term “Mondo” embodies something utterly different from traditional banks, the label is being challenged by “an undisclosed company with a… Read More

June 13, 2016 @ 9:22 am By JD Alois  |  

Long-time Orchard Senior Advisor Bill Ullman has been appointed Chief Commercial Officer of the Fintech firm. Ullman has been providing his insight and perspective to Orchard since the firm was founded in 2013.  Ullman, reporting directly to Orchard CEO Matt Burton, will now direct global… Read More

June 13, 2016 @ 9:00 am By JD Alois  |  

The House Financial Services Committee will consider the Fix Crowdfunding Act (HR 4855) alongside several other bills during their meeting this week (Jun 15, 2016) beginning at 10AM.  The Committee meetings are live-streamed on the Committee’s website. The Fix Crowdfunding Act is widely viewed as… Read More

June 13, 2016 @ 7:39 am By JD Alois  |  

Tennis star Andy Murray joined up with Seedrs in June of 2015.  The relationship between Murray and Seedrs was described at the time as a long-term partnership agreement where he would advise the firm on areas of strategic interest. Murray also became an active investor… Read More

June 12, 2016 @ 5:50 pm By JD Alois  |  

How easy is it for Fintech startups to challenge established Wall Street firms? Charles Moldow, General Partner of Foundation Capital and an early investor in Lending Club, OnDeck and more, recently told CNBC; “I think it is hard to disrupt any mature industry. This one… Read More

June 12, 2016 @ 5:19 pm By JD Alois  |  

Embedded below is another comment letter regarding a bill circulating now on Capitol Hill called the Fix Crowdfunding Act (HR 4855). The proposed legislation, sponsored by Congressman Patrick McHenry, was crafted to fix some the most glaring omissions from Title III of the JOBS Act…. Read More

June 12, 2016 @ 10:16 am By JD Alois  |  

Enlisted by the European Commission to uncover empirical data on crowdfunding, Crowdfund4Culture is seeking participation in an online survey to learn about individuals and organizations experience with crowdfunding. Whether you are a business, non-profit, elected official or an individual they are trying to get as… Read More

June 11, 2016 @ 10:00 am By JD Alois  |  

The Federal Trade Commission (FTC) held its first in a series of forums on Fintech this past week.  At the top of the list was the marketplace lending sector. Marketplace lending, originally labeled Peer to Peer lending, has been a hot topic within the financial… Read More

June 10, 2016 @ 2:00 pm By JD Alois  |  

Wefunder, one of the active participants in the Reg CF crowdfunding space, has published a comment letter directed towards Representatives Jeb Hensarling and Maxine Waters in support of the Fix Crowdfunding Act (HR 4855).  The two are powerful legislators in the House of Representatives. Hensarling… Read More