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Future Fintech: The Fight for the Digital Banking Crown

As 2019 moves into its third quarter, the once burgeoning industry of digital banking is starting to make serious waves in the financial world – and investors are taking notice. Big players like Monzo, Starling, N26, Revolut, and EQIBank have recently completed massive funding rounds… Read More

China: WeiyangX Fintech Review

Tencent-backed WeBank Fined ¥2 million for multiple violations WeBank, China’s first internet bank, was fined for ¥2 million for multiple violations against Law of the People’s Republic of China on Commercial Banks. In an inspection last year, the Shenzhen branch of the China Banking and… Read More

SEC Settles with Blockchain based Health Care Platform SimplyVital Health in Regards to Initial Coin Offering

The Securities and Exchange Commission (SEC) filed an Administrative Proceeding earlier this week regarding an initial coin offering (ICO) affiliated with SimplyVital Health – a company that pursued an ICO in late 2017 and early 2018. The SEC claims that SimplyVital sold unregistered securities. SimplyVital… Read More

Attorney Lewis Cohen of DLXLaw Discusses Pocketful of Quarters Digital Asset No Action Letter from SEC

DLXLaw, a boutique law firm that specializes in blockchain and smart contracts, recently helped a digital asset issuer receive a no-action letter (NAL) from the Securities and Exchange Commission (SEC). By receiving the NAL, the issuer, Pocketful of Quarters, received an implicit green light to… Read More

The Cambridge Centre for Alternative Finance Joins with World Economic Forum in Research Project Regarding Artificial Intelligence and Financial Services

The Cambridge Centre for Alternative Finance (CCAF) has partnered with the World Economic Forum (WEF) to jointly launch a research project addressing Artificial Intelligence (AI) in financial services. CCAF is an academic research institute at Cambridge Judge Business School, University of Cambridge, and is the… Read More

Fintech P2Binvestor has Financed Over $1 Billion in Lending: A Discussion with Founder Krista Morgan

P2Binvestor (P2Bi) is an online lender providing access to capital for businesses which are typically not able to access traditional bank financing. The 5-year-old Fintech lender provides term loans and lines of credit based off of a borrowers assets – mainly accounts receivable. P2Bi explains… Read More

P2P: Why SME Debt Is A Must-Have For Any Investor Portfolio

Thanks to the rise of peer-to-business (P2B) lending, the concept of Small and Medium Enterprise (SME) debt as an asset class has altered for the better. With low risk of default and high-interest rate returns, it is now possible to invest in SME debt at… Read More

Report: Seedrs at Advanced Stages in Fundraising Discussion

Seedrs, a leading UK crowdfunding platform, is in the midst of funding discussions according to a write up in the Times. The report indicates that an email distributed to Seedrs shareholders indicates the company is at “advanced stages in a fundraising discussion.” Seedrs has previously… Read More

China: WeiyangX Fintech Review

Ride-Sharing Platform DiDi Plans to Set up a Private Bank Didi Chuxing (DiDi) is a leading ride-sharing platform in China. After making its debut in online micro-lending, insurance, payments, and financial leasing industries, Didi is aiming to acquire a banking license and establish a private… Read More

Report Says Low FICO Score Individuals Being Approved for Apple Card

The Apple Card (NASDAQ:AAPL) is rolling out all of this month with registered individuals receiving email notifications to sign up for the virtual/physical card. Managed by Goldman Sachs (NYSE:GS), the Apple Card expects to launch with interest rates (APRs) ranging from 12.99% to 23.99% when… Read More

France Perspective: Philippe Dardier of Avolta Partners Discusses Blockchain.io ICO

France is a country that is seeking to position itself as a jurisdiction of preference when it comes to blockchain technology and the issuance of digital assets. Blockchain innovation has been aided by vocal government support and new legislation signed into law that allows for… Read More

Digital Banking: LendingClub Gets Some Fintech Love as it Pursues National Bank Charter

Shares in LendingClub (NYSE:LC) are rising during another down market day as the trade war with China has no end in sight and political tempers flare. Shares are currently trading over 10% higher following yesterday’s Q2 earnings report where LendingClub said it expected to finally… Read More

Kik Responds to SEC Enforcement Action: “the Commission’s Complaint reflects a consistent effort to twist the facts”

Kik Interactive has responded to the Security and Exchange Commission’s (SEC) enforcement action alleging the sales of unregistered securities. The legal fisticuffs are being intently followed by the crypto industry and any decision may impact the entire US digital asset industry. Earlier this year, a… Read More

Report States that Reg CF Has Topped $250 Million in Commitments but Falls Short of Potential

Regulation Crowdfunding (Reg CF) has topped $250 million in investment commitments. This number includes both successful and unsuccessful offerings so the amount actually invested would be somewhat lower. This report is courtesy of Crowdfund Capital Advisors (CCA), a consultancy and data provider that has long… Read More

LendingClub: America Does Not Need Another Credit Card, Apple Card Spells Disaster for Consumers

Apple Card, a “new kind of credit card” launched by Apple (NASDAQ:AAPL) in partnership with Goldman Sachs (NYSE:GS) is expected to be made available to the public within the next few days. In fact, it has been reported that invitation emails have already gone out… Read More

Finally. Federal Reserve Indicates Intent to Move Forward on “Fast Payments for All” with “FedNow” System

Recently, the Federal Reserve has taken political heat for its inability to pursue a faster payments system – something that has been technically feasible for years. Currently, payments and transfer languish for days creating issues for both sides of the transaction – most frequently individuals… Read More

Active Participants and Digital Assets: The SEC Coins a New Term

Raising capital by issuing tokens that rely on distributed ledger or blockchain technology has been clouded by regulatory uncertainty since the practice emerged during the initial coin offering or “ICO” boom. As entrepreneurs seek to use blockchain technology to build new networks and tokens, this… Read More

China: WeiyangX Fintech Review

People’s Bank of China Publishes Trial Regulatory Measures on Financial Holding Companies On July 26th, the People’s Bank of China (PBC) published the Trial Measures on Supervision and Regulation of Financial Holding Companies (Exposure Draft) (hereinafter referred to as the Measures) and sought for feedback… Read More

A Global Phenomenon: The Benefits of Coordinated International Regulation for the Blockchain Industry

“Regulation” is not often a word associated with “benefits” in blockchain and cryptocurrency circles. Indeed, many governments have been sharply criticised following the roll-out of regulatory guidelines addressing the flourishing blockchain industry. Some even suggest that it is a lack of regulation which has allowed… Read More

SEC Commissioner Hester Peirce Visits Fintech Hotspot Singapore, Comments on Cross Border Regulation of Digital Assets

SEC Commissioner  Hester Peirce is in Singapore, a noted Asian Fintech hub, talking about digital assets. Peirce, speaking at the SUSS [Singapore University of Social Sciences] Convergence Forum, addressed the audience about innovation – something that frequently makes regulators nervous. Change is hard. Alluding to… Read More

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