Featured Headlines

August 8, 2024 @ 8:47 am By JD Alois  |  

Ripple, the issuer of XRP, has long been ensconced in a legal battle with the Securities and Exchange Commission over allegations of offering an unregistered security. However, it appears to have been let off lightly by paying a penalty of $125 million. Ripple CEO Brad… Read More

August 7, 2024 @ 10:01 am By Omar Faridi  |  

We recently connected with Ally Haire, CEO and Founder of Lilypad, which is described as a serverless, distributed computing network for AI, ML, and other computational processes. Recently, it was reported that Elon Musk is going to build a “gigafactory of compute,” and while the… Read More

August 6, 2024 @ 3:13 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) have issued a statement “reminding” crypto trading platforms must comply with Canadian securities laws by registering as investment dealers and having membership with CIRO. The CSA noted that it contemplated an interim approach,… Read More

August 6, 2024 @ 10:50 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has issued an update on the development of digital banking or “virtual banks” (VB) in Hong Kong. The HKMA states that the establishment of regulated digital banking has achieved its three stated goals: promoting Fintech and innovation, creating a… Read More

August 6, 2024 @ 7:46 am By JD Alois  |  

Online investment platform Mintos has closed its funding round on Crowdcube at €3.1 million. Mintos notes that this is the second-largest crowdfunding round in Europe for 2024. In two weeks, Mintos said it secured the backing of 3,300 investors, including both existing and new investors…. Read More

August 4, 2024 @ 10:06 pm By Omar Faridi  |  

Industry veteran James Greaves, ex-Vice President of Zelle and President and Co-Founder of Fractal, a payment platform providing simple and efficient payment solutions to SaaS companies, divulges insights and predictions on the future of payments in fintech and why fintech integrations are the next frontier… Read More

August 1, 2024 @ 11:53 am By Tony Zerucha  |  

The evolution of Earned Wage Access, or, in Marqeta’s (NASDAQ: MQ) case, Accelerated Wage Access (AWA), is part of a larger opportunity for employers to provide more efficient financial services to people they know better than most lenders – their employees. Chief revenue officer Todd… Read More

July 31, 2024 @ 1:06 pm By JD Alois  |  

Recently, the SEC Small Business Capital Formation Advisory Committee (SBCFAC) issued a recommendation to the Commission to adjust the threshold when issuers using the Reg CF securities exemption are required to provide reviewed financials. The formal letter told the Commission the hurdle should be moved… Read More

July 30, 2024 @ 1:30 pm By JD Alois  |  

The Biden Administration has sought to undermine the digital asset industry. Leading the anti-crypto charge has been Gary Gensler, the Chairman of the Securities and Exchange Commission. As President Joe Biden has recently exited the Presidential campaign, this may lead to a change in policy posture for the current… Read More

July 30, 2024 @ 11:25 am By JD Alois  |  

Digital asset firms have vocally supported the candidacy of former President Donald Trump. The Biden Administration has long been hostile towards crypto, with SEC Chairman Gary Gensler leading the charge of undermining this sector of Fintech, choosing to regulate crypto by enforcement. This means that… Read More

July 27, 2024 @ 1:31 pm By JD Alois  |  

The UK is looking to boost access to capital for private firms – beyond the existing crowdfunding regime and established exchanges. Currently, for approved investment crowdfunding platforms it is difficult to raise more than £5 million due to prospectus requirements. The proposal aims to make… Read More

July 26, 2024 @ 11:12 am By JD Alois  |  

The UK is trying to reinvigorate its moribund public markets by making it easier to list shares and updating new rules. Today, the Financial Conduct Authority (FCA) is announcing final rules that will replace the current prospectus regulation to become a public firm. A consultation has commenced, closing in October…. Read More

July 25, 2024 @ 9:36 am By Omar Faridi  |  

Revolut has received a UK banking license. The global Fintech now enters the PRA’s ‘mobilization’ stage, “having received authorization with restrictions, designed for new banks to complete the build out of their banking operations.” During this mobilization stage nothing changes for Revolut UK customers. Revolut,… Read More

July 24, 2024 @ 11:00 am By Omar Faridi  |  

  We recently connected with Kelvin Tan, CEO of audax, a corporate venture backed by Standard Chartered Bank. Before transitioning to a full-time career as an entrepreneur, Kelvin held multiple roles at Standard Chartered Bank — from Transaction Banking to Retail Products and Payments to… Read More

July 24, 2024 @ 9:30 am By JD Alois  |  

Peer-to-peer lender FOLK2FOLK has topped £700 million in lending, according to a note from the firm. The company claims to be the largest P2P lender to small businesses in the UK. Launched in 2013, FOLK2FOLK is one of the few remaining P2P lenders. The unique model combines… Read More

July 23, 2024 @ 1:10 pm By JD Alois  |  

The stablecoin market, which involves digital assets tied to another asset, such as fiat currency, has surpassed $160 billion in value. The market is led by Tether (USDT), which hoovers up much of the market at over $114 billion. USDC, issued by Circle is in… Read More

July 23, 2024 @ 11:31 am By JD Alois  |  

Birchal, the leading investment crowdfunding platform (crowd-sourced funding) in Australia has published its half year report reviewing industry activity. According to the platform, investment crowdfunding is displaying “sustained stability” and growth in platform activity. Birchal shares in its Crowd-Sourced Funding (CSF) FY24 Industry Report ‘Funded’… Read More

July 22, 2024 @ 10:40 am By JD Alois  |  

Armed Forces Brewing Company, a private firm looking to raise up to $5 million in a Reg A+ securities offering, is promoting the offering on its beer. The company has leveraged the securities exemption in the past to raise growth capital from its community. In… Read More

July 22, 2024 @ 9:19 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) recently took action to make sure that consumers can dispute charges and obtain refunds on BNPL products and services, making BNPL lenders follow similar rules as credit card companies. So, what does this mean for banks and Fintechs? As… Read More

July 18, 2024 @ 4:28 pm By JD Alois  |  

The House Financial Services Committee has revealed a report on Artificial Intelligence (AI). The staff report comes from the Committee’s bipartisan Working Group on AI. The report is being released in advance of a Committee hearing next week entitled “AI Innovation Explored: Insights into AI… Read More