October 29, 2024 @ 8:39 am By JD Alois  |  

ClearBank and Visa (NYSE:V) have announced a collaboration on “Issuance and Money Movement solutions.” This is for both local and global transactions. ClearBank is regulated by the UK FCA and PRA. In the EU, ClearBank is authorised by the European Central Bank (ECB) and supervised… Read More

October 28, 2024 @ 10:38 am By JD Alois  |  

The Autumn Statement, the event where the UK government outlines its forthcoming budget and associated programs, is scheduled for Wednesday, October 30th. Expectations are for the Labour government to increase certain taxes as it aims to close a gap in funding. CI has received multiple… Read More

October 28, 2024 @ 8:41 am By JD Alois  |  

Robinhood (Nasdaq: HOOD) has entered the Prediction Market with a new offering allowing its users to bet on the Presidential election. The service is powered by the recently announced Robinhood Derivatives service which was revealed a couple weeks ago at the Hood Summit. Robinhood will… Read More

October 28, 2024 @ 8:23 am By JD Alois  |  

The Open Banking rules announced by the Consumer Financial Protection Bureau (CFPB) may dramatically alter the entire consumer financial services sector. Customers may soon be in control of their own data – determining who may, and who may, not access the information. This may expedite… Read More

October 25, 2024 @ 12:14 pm By JD Alois  |  

It is obvious to many that one of the most practical features of blockchain is the tokenization of assets and the intrinsic reduction in cost to manage these assets. Digital securities are the future. We just aren’t quite there yet. One firm is reportedly putting… Read More

October 25, 2024 @ 11:26 am By JD Alois  |  

CI has received multiple comments on next week’s Autumn Budget presentation, which will outline Labour’s plan for the UK economy. We have received multiple comments pertaining to expectations that certain taxes are poised to increase. Higher taxes like the CGT will directly undermine the innovation… Read More

October 25, 2024 @ 10:27 am By JD Alois  |  

LendingClub (NYSE:LC), one of a handful of pure-play digital banks, saw its shares hit a new 52-week high yesterday before retreating towards the end of the day following its Q3 earnings announcement. Shares are trading higher again in early morning trading. LendingClub has undergone a… Read More

October 24, 2024 @ 3:46 pm By JD Alois  |  

 SEC Commissioner Mark Uyeda delivered a speech earlier today in Hong Kong where he lauded the availability of alternative assets as contributing significantly to our global economies. These alternative assets include private securities, both debt and equity, as well as crypto assets. Commissioner Uyeda explains:… Read More

October 24, 2024 @ 11:19 am By JD Alois  |  

The annual Autumn Statement, where the UK government reveals its economic plan, is just around the corner. On October 30th, the Chancellor of the Exchequer, Rachel Reeves, will share the Labour government’s plans to reduce deficits while hopefully driving economic growth. As reported by the… Read More

October 24, 2024 @ 9:21 am By JD Alois  |  

There has been much discussion of the Open Banking rules announced by the US Consumer Financial Protection Bureau (CFPB). While many support the new regulations, which aim to empower consumers to control their financial services data—allowing when and by whom to use the information—some are concerned about having a… Read More

October 23, 2024 @ 4:27 pm By JD Alois  |  

Shares of LendingClub (NYSE:LC) are inching higher after delivering Q3 2024 results. According to the digital bank’s CEO the company had a “standout quarter” CEO Scott Sanborn said that credit performance, a larger balance sheet and strong financial performance delivered good results. “Looking ahead, our… Read More

October 23, 2024 @ 11:08 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has penalized both Apple (NASDAQ:AAPL) and Goldman Sachs (NYSE:GS) for apparent transgressions in regard to the popular Apple Card. Apple announced its bespoke credit in partnership with Goldman in 2019. The digital/physical offering grew quickly due to its consumer-friendly… Read More

October 22, 2024 @ 4:07 pm By JD Alois  |  

  The Consumer Financial Protection Bureau (CFPB) released final Open Banking rules today. The new rules impact banks, brokerages and more, and go into effect over the next few years. Open Banking or Open Finance addresses the topic of data generated or provided by consumers… Read More

October 22, 2024 @ 11:45 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has completed its rulemaking process for certain segments of Open Banking. Open Banking, or Open Finance, addresses the massive amounts of data generated by financial services firms and their customers. In the past, these firms have largely leveraged this… Read More

October 22, 2024 @ 9:00 am By JD Alois  |  

Neobank MoneyLion (NYSE: ML) has revealed the launch of “MoneyLion Checkout,” which it describes as the Amazon of financial services. MoneyLion says that users may search for hundreds of financial products, including both in-house and outside services. The company claims the services are similar to… Read More

October 22, 2024 @ 8:32 am By JD Alois  |  

US-based Pipe is expanding into the UK by collaborating with GoCardless. Pipe is a Fintech that makes financial tools accessible to smaller firms, including embedded financing. GoCardless is a global payments firm with over 100,000 businesses, from start-ups to household names. Under the partnership, Pipe’s… Read More

October 21, 2024 @ 4:14 pm By JD Alois  |  

Spanish bank Santander showed up to ring the closing bell at the New York Stock Exchange today to celebrate the launch of Openbank by Santander. Openbank is a digital-only bank powered by Santander. The company explains: Openbank, a division of Santander Bank, N.A., combines Santander’s… Read More

October 21, 2024 @ 11:16 am By JD Alois  |  

Global Fintech Wise (LSE:WISE) says it has expanded its global regulatory footprint as it provides transfers and payments around the world. Wise, based in the UK, has long been a top Fintech that streamlines the process of moving money around the world – typically faster… Read More

October 21, 2024 @ 9:24 am By JD Alois  |  

Magnetiq Bank has joined Fintech Hub LT – an association with a mission to support licensed Fintechs in Latvia and EEA countries. Fintech Hub LT also represents Latvia as a Fintech centre of innovation. AS Magnetiq Bank, based in Latvia, aims to support Fintechs, e-commerce,… Read More

October 18, 2024 @ 12:31 pm By JD Alois  |  

Silicon Prairie Holdings has added a new feature to its platform – a voting module for issuers to poll investors. Silicon Prairie is a full-stack online capital formation provider that also offers services like secondary transactions with an ATS and tools to manage cap tables,… Read More