November 21, 2024 @ 2:52 pm By JD Alois  |  

Earlier today, the Consumer Financial Protection Bureau (CFBP) issued final rules on non-bank firms providing payments and transfers. Digital payments have become the norm as people adopt digital wallets, hosted on their smartphones, as simpler and quicker way to transfer funds. While there are many… Read More

November 21, 2024 @ 11:17 am By JD Alois  |  

The Financial Technology Association (FTA) has issued a statement criticizing the Consumer Financial Protection Bureau’s new rules addressing digital payments and transfers. The CFPB revealed final rules today that are said to “strengthen oversight of large technology firms in consumer financial markets” that offer digital… Read More

November 21, 2024 @ 10:47 am By JD Alois  |  

Revolut is one of the biggest Fintech success stories in the UK. The digital bank launched in 2013 with a vision to reimagine banking and today reports more than 50 million customers worldwide. In its earliest days, Revolut leveraged online capital formation to raise money…. Read More

November 21, 2024 @ 8:22 am By JD Alois  |  

Mercuryo has launched a new program that aims to support 30 Web3 startups. Mercuryo is a payments enabler that seeks to create “a new generation of financial services” by leveraging crypto. The company says that it has decided to support Web3 entrepreneurs as it is… Read More

November 21, 2024 @ 8:07 am By JD Alois  |  

The private securities market is hot. This market is far larger than public markets as excessive regulation and policies that lack foresight have undermined public markets, pushing activity away.  Reg D issuance is measured in the trillions, and some of these issuers are for private… Read More

November 21, 2024 @ 7:33 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has announced final rules for non-bank digital payments and transfers. The payments sector of Fintech is one of the hottest segments of innovation, as users have quickly adopted digital wallets and more efficient payment methods. The CFPB’s move is… Read More

November 20, 2024 @ 3:25 pm By JD Alois  |  

The Bitcoin bulls are clearly in charge. Bitcoin (BTC), the world’s most popular crypto, has rocketed by more than 30% since the election of former President Donald Trump, a digital asset advocate. As Republicans control both the House and Senate—along with the Executive branch —anticipation… Read More

November 20, 2024 @ 2:18 pm By JD Alois  |  

Regulation D (Reg D), the leading securities exemption for private offerings, is a huge market measured at over a trillion annually. Under the JOBS Act of 2012, Reg D received an update: old Reg D (506b) was joined by new Reg D (506c), an exemption that… Read More

November 20, 2024 @ 10:39 am By JD Alois  |  

Online investment platform Mintos says it has added short-term rental apartments to its real estate offerings. Martins Sulte, CEO and co-founder of Mintos, said they are opening the doors to a sector once out of reach for ordinary investors. “Through our real estate offerings, retail… Read More

November 20, 2024 @ 9:00 am By JD Alois  |  

Webull is working with Coinbase Derivatives to offer crypto futures, according to a note from the firm. Webull is a digital brokerage that allows investors to purchase shares, ETFs, and other investments, including crypto. It is controlled by China-based holding company Hunan Fumi Information Technology,… Read More

November 20, 2024 @ 8:21 am By JD Alois  |  

The British Business Bank reports that its Growth Guarantee Scheme has now supported more than £250 million of finance to smaller firms. The plan is the successor to the Recovery Loan Scheme. The program provides access to various products like term loans, asset financing, and… Read More

November 19, 2024 @ 10:28 pm By JD Alois  |  

WBTC, a wrapped version of Bitcoin that enables access to the Ethereum network, is being de-listed on Coinbase. The suspension of the digital asset will take place on December 19th. At the same time, Coinbase listed cbBTC, a digital asset that utilizes Arbitrum. The WBTC… Read More

November 19, 2024 @ 7:55 pm By JD Alois  |  

Nexbridge, in partnership with Bitfinex Securities, will offer tokenized US Treasuries, according to a release. The digital securities will utilize Bitcoin’s Liquid Network and Blockstream’s AMP technology. USTBL is said to be the first regulated offering for “US Treasury exposure” built on Bitcoin tech. The… Read More

November 19, 2024 @ 3:18 pm By JD Alois  |  

Cash management and capital markets solutions Arc has launched an artificial intelligence (AI) platform for private credit. Arc Intelligence is said to be the first AI-enabled platform to tackle private credit. The first product is AI Private Credit Analyst, designed to assist credit teams in… Read More

November 19, 2024 @ 1:08 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has acquired TradePMR, a registered investment advisor (RIA) with $40 billion in assets under administration based in Florida. TradePMR is said to have “one of the strongest RIA networks in the industry.” The goal is customer acquisition, and the two companies plan to build… Read More

November 19, 2024 @ 11:43 am By JD Alois  |  

Minu, an employee wellness platform in Mexico, has raised $30 million Series B. Noted Fintech VC QED Investors led the funding round along with the participation of new investors Next Billion Capital Partners, Flourish Ventures, Promotora Impact Ventures, Endeavor Catalyst, Clocktower Technologies, and Working Capital… Read More

November 19, 2024 @ 11:34 am By JD Alois  |  

The European Union approved the Instant Payments Regulation (IPR) this past March. The goal is to accelerate the rollout of instant payments in Europe and cover credit transfers denominated in Euros within the EU. Payment Service Providers (PSPs) that enable transfers shall also offer the… Read More

November 19, 2024 @ 10:12 am By JD Alois  |  

Shares of Bakkt (NYSE:BKKT) continue to trade higher following a report by the FT that the crypto firm may be in talks to be acquired by Trump Media. Bakkt, founded by ICE – the parent company of the NYSE, once had high hopes of becoming… Read More

November 18, 2024 @ 5:28 pm By JD Alois  |  

BIT Mining, formerly known as 500.com, has been charged with Foreign Corrupt Practices Act (FCPA) violations by the Securities and Exchange Commission (SEC). According to a statement issued by the SEC, BIT Mining has resolved the allegations by paying a $4 million civil penalty. 500.com… Read More

November 18, 2024 @ 11:54 am By JD Alois  |  

Revolut UK CEO has posted that it has been approved for stock trading as the UK Financial Conduct Authority (FCA) has approved a trading license. Francesca Carlesi stated on a blog post: “Today [marks] another important milestone here at Revolut, as our UK trading business… Read More