Featured Headlines

March 14, 2021 @ 12:50 pm By JD Alois  |  

Financial technology or Fintech has been growing at a rapid pace for years now. Starting with online capital formation, today a growing number of sophisticated financial services are going through a much-needed. digital transformation. This can mean better/cheaper access to services for more consumers and… Read More

March 13, 2021 @ 4:37 pm By Xu Gao  |  

E-signature Service Provider Fadada Completes 900-million -yuan D round financing led by Tencent  On March 11th, Chinese leading e-signature service provider Fadada declared the completion of a 900-million-yuan D round of financing. The investment was led by Tencent, followed by ZWC Partners and Centurium Capital…. Read More

March 11, 2021 @ 7:20 pm By Omar Faridi  |  

JPMorgan Chase & Co  (NYSE:JPM) has reportedly hired former HSBC Holdings executive Jeremy Balkin to serve as the bank’s Head of Fintech and Innovation for handling wholesale payments. In his new role, Balkin is expected to manage Fintech and related innovation projects with a focus… Read More

March 11, 2021 @ 10:30 am By JD Alois  |  

Beeple’s the First 5000 Days has sold for $69,346,250 on Christie’s today. The NFT (non-fungible token) represents a record for digital art and as one Tweet reports one of the most expensive art auctions of all time. According to the Lot Essay, in May 2007,… Read More

March 10, 2021 @ 1:09 pm By JD Alois  |  

The number of FINRA regulated funding portals continues to move higher in advance of the increase in the funding cap of Regulation Crowdfunding (Reg CF). On March 15, 2020, it is expected that issuers will be able to raise $5 million using Reg CF –… Read More

March 9, 2021 @ 1:24 pm By JD Alois  |  

SoFi has signed a definitive agreement to acquire Golden Pacific Bancorp, Inc. (OTCPK: GPBI) a Sacramento, California-based community bank that is regulated by the Office of the Comptroller of the Currency (OCC). The bank reportedly holds approximately $150 million in assets so it was quite… Read More

March 9, 2021 @ 9:58 am By JD Alois  |  

The European Banking Authority has published a document that addresses anti-money laundering (AML) and counter-terrorist financing (CFT) when it comes to crowdfunding. The guidelines for crowdfunding platforms are incorporated into the Final Report “on customer due diligence and the factors credit and financial institutions should… Read More

March 8, 2021 @ 10:30 pm By JD Alois  |  

Thomvest is a VC firm that is heavy into Fintech with investments in firms like SoFi and Figure or Kabbage and Creditjusto. Several investments (IE Kabbage and SoFi) have been successfully exited, while others remain portfolio companies. Overall, Thomvest touts 9 investments in unicorns and… Read More

March 7, 2021 @ 7:33 pm By JD Alois  |  

Digital transformation in financial services continues to occur at a break-neck pace. Initially, it was online capital formation, debt and equity, that encouraged entrepreneurs to challenge establishment finance. Today, Fintech is taking over all aspects of financial services. As incumbents struggle to keep pace and… Read More

March 6, 2021 @ 11:02 am By Xu Gao  |  

Chinese Fintech Companies Need to Meet Capital Adequacy Requirements with a Maximum of Two Years On March 2nd, Guo Shuqing, Chairman of the China Banking and Insurance Regulatory Commission (CBIRC) said at a press conference of the Information Office of the State Council that Chinese… Read More

March 4, 2021 @ 7:18 pm By Omar Faridi  |  

We recently connected with Pankaj Balani, Co-founder and CEO at Delta Exchange, an established digital assets derivatives trading platform. Delta Exchange offers cryptocurrency futures and derivatives trading across Bitcoin and major altcoins with up to 100x leverage. As previously reported, the company aims to support… Read More

March 3, 2021 @ 2:43 pm By JD Alois  |  

Earlier today, Chancellor of the Exchequer Rishi Sunak presented the budget for 2021. Obviously, the government policy on spending comes at a difficult time as COVID-19 is still very much with us yet glimmers of relief are showing as the vaccine takes hold. The Chancellor… Read More

March 3, 2021 @ 6:30 am By Milena Naitoh  |  

The ASEAN economy is expected to become the fourth-largest economy in the world by 2030, growing at a pace of over 5% per year. Small and medium enterprises (SMEs) are the biggest contributors to this regional growth — they account for between 89% and 99%… Read More

March 2, 2021 @ 10:28 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has pivoted once again when it comes to crypto. Some time ago, it was widely reported that Goldman was launching a crypto trading desk. First reported in 2017, Goldman was predicted to launch a digital asset trading desk by June 2018. The… Read More

March 1, 2021 @ 12:00 pm By JD Alois  |  

This past week the European Securities and Markets Authority (ESMA) issued a consultation paper addressing standards for the previously approved pan-European crowdfunding regulation. As covered in the past, the European Union has passed legislation to enable online securities offerings across its member nations. After many… Read More

March 1, 2021 @ 8:05 am By Omar Faridi  |  

Consumers have reportedly spent over $230 million purchasing and trading digital collectibles of NBA game highlights. The NBA’s Top Shot product is a blockchain or distributed ledger tech (DLT)-powered digital trading card system that has managed to generate more than $230m worth of gross sales,… Read More

February 28, 2021 @ 5:22 pm By Xu Gao  |  

NUCC: Online Payment Transactions Reach ¥4.98 Trillion During the Spring Festival Holiday During the Spring Festival Holiday of 2021 (February 11th to February 17th), NetsUnion Clearing Corporation (NUCC) processed a total of 7.937 billion online payment transactions, equal to 4.98 trillion yuan. Compared with the… Read More

February 26, 2021 @ 9:34 am By JD Alois  |  

The long-anticipated report on the UK Fintech ecosystem and recommendations as to how to keep the robust market growing in a post-Brexit world has been published today. The Kalifa Review of Fintech seeks to provide a roadmap for the UK to maintain its prominence in… Read More

February 25, 2021 @ 2:37 pm By Omar Faridi  |  

Tim Frost, CEO at YIELD App, which is a comprehensive Fintech app offering a wide range of DeFi services and new investment strategies, has shared his views and insights regarding the recent trading frenzy that was initiated by a group of armchair investors via Reddit… Read More

February 25, 2021 @ 9:07 am By JD Alois  |  

As anticipated, Coinbase has publicly filed an S-1 outlining its plans to complete an initial public offering (IPO) on the NASDAQ. Accrording to the filing, Coinbase intends to raise up to $1 billion and  trade under the ticker symbol of “COIN.” The filing shares that… Read More