General News

Oxfam, Etherisc, and Aon Deliver to Handle Pay-Outs via Blockchain-based Agricultural Insurance Policies for Sri Lanka’s Smallholder Farmers

Oxfam’s Sri Lanka division, an organization working to end the injustices that cause poverty, announced on November 4 the success of the first season of its blockchain-powered delivery of microinsurance to Sri Lanka’s smallholder paddy field farmers. Etherisc, an Insurtech firm that’s creating a protocol… Read More

SEC Division of Enforcement Annual Report: “A diverse mix of 862 enforcement actions” including ICOs and Digital Assets

The Securities and Exchange Commission (SEC), Division of Enforcement, has published its annual report on enforcement. The Division of Enforcement is the largest division at the SEC. The report states that, during the fiscal year, the SEC brought “a diverse mix of 862 enforcement actions,… Read More

Report: Cryptocurrencies, Still a Boon for Criminals, are Contributing to the Opioid Crisis

Though the cryptocurrency sector is working to close gaps and exploit transparency features in crypto to reduce criminal use, Internet-borne “decentralized” currencies continue to offer appealing cross-border and cash-like features that support crime, including opioid trafficking, law enforcement officials told Washington DC-based news outlet Roll… Read More

Banco Santander Acquires Controlling Stake in London-based Fintech Ebury for £350 Million

Madrid-based Banco Santander (Santander Group), a multinational commercial bank and financial services company, will be acquiring a 50.1% stake in Ebury for £350 million (appr. $450.9 million). Ebury is a London-based Fintech firm that offers corporate banking services to small and medium-sized enterprises (SMEs) that… Read More

Ron Suber Shares Perspective on Fintech: “Creating a successful digital bank is like golf and bridge – harder than it looks”

Ron Suber is one of the better-known names in the Fintech sector. Originally, Suber’s role as the President of the marketplace lending platform Prosper Marketplace brought Suber’s name to prominence as the Fintech emerged as an early leader in the US online lending market. Since… Read More

Subaio Launches New Subscription Management Service at Several Nordic Banks

Subaio has launched its subscription management service at several Nordic banks, including Bulder Bank, a new challenger bank. The Subaio product provides users an overview of their subscriptions and the recurring payment schedules. The solution allows users to make changes to their subscriptions or cancel… Read More

National Bank of Canada Launches CAD $100,000 Innovation Competition

The National Bank of Canada, the sixth-largest commercial bank in Canada with around 2.4 million clients, is launching a project that aims to bring together local startups, students and developers throughout the country. Those who participate in the Innovation Competition will have to develop various… Read More

Boston-based Fintech Flywire Develops Cross-Border Payments Solution for Bank of America

Boston, Massachusetts-based Flywire, a Fintech firm focused on solving complex payment problems globally and locally, revealed that it has developed a new international payments solution for Bank of America (BoA).  The new payment system has been specifically designed to streamline international transactions for BoA’s corporate… Read More

UK’s SME Bank Recognise Financial to Use Mambu’s Cloud-Native Solution, Will Also Submit Application to Regulators to Operate as a Bank

UK-headquartered SME bank Recognise Financial has reportedly decided to use Mambu’s cloud-native solution in order to streamline its banking services. The solution will help the bank improve communication and enhance the speed of transactions for small and medium enterprises (SMEs). Monica Velasquez, CTO of Recognise,… Read More

Zilliqa and Oxford Women in Computer Science Society Launch Blockchain-focused Education Workshops 

Singapore-headquartered Zilliqa, a high-throughput public blockchain network for building decentralized applications (dApps), is preparing to launch the return of Blockchain A-Z, a series of educational workshops on distributed ledger technology (DLT).  According to a press release shared with CrowdFund Insider, Zilliqa is teaming up with… Read More

TransUnion: Debt Consolidation Usually Results in Improved Credit Scores and Better Overall Credit Performance

Chicago, Illinois-based TransUnion (NYSE: TRU), a company that provides credit reports and credit scores, released a study on October 30 in which it looked at what happens when consumers take out a personal loan to pay off their credit card debt. The study revealed that… Read More

California Will Not Act Against Banks Providing Services to Cannabis Companies but Risk Remains

Earlier this month, the California Department of Business Oversight issued Cannabis Banking Guidance regarding state regulation. California is one of a growing number of states that have legalized Cannabis consumption. While California, and multiple US states, have legalized Cannabis usage, it still is illegal at… Read More

Remember the First Allegations of Crowdfunding Fraud – Ascenergy & CEO Joey Gabaldon? He Has Resurfaced Once Again

Back in 2015 during the earliest days of securities crowdfunding in the US, the first case of alleged fraud surfaced by an issuer using Reg D 506c. Ascenergy, a purported Oil & Gas company, along with CEO Joey Gabaldon and several relief defendants were the… Read More

Report: Reg CF Tops $300 Million in Total Funding, 2000+ Campaigns Funded

Crowdfund Capital Advisors co-founder Sherwood “Woodie” Neiss is tweeting that Reg CF (Regulation Crowdfunding) has now topped $300 million in total funding, providing capital to over 2000 campaigns. Reg CF, part of the JOBS Act of 2012, is a securities crowdfunding exemption where issuers may… Read More

Smart Lenders Asset Management Celebrates 5 Years of Operation

Smart Lenders, an asset management company specialized in managing portfolios of loans issued through online lending platforms (marketplace/crowdlending), is celebrating its fifth birthday. Founded in 2014 in London by Erich Bonnet (now based in Paris), Smart Lenders is now providing some data points regarding its… Read More

Israeli High Tech Firms Raise Record $2.24 Billion During Q3, VC Poised for Record Year

Israeli high tech firms are having a gangbuster year when it comes to raising capital. According to a report published by IVC Research Center and ZAG S&W Zysman, Aharoni, Gayer & Co, during Q3 these firms raised a record $2.24 billion for 142 different deals…. Read More

World Economic Forum to Help Seven Metal and Mining Companies Use Blockchain Tech to Reliably Source Materials

The World Economic Forum (WEF), a Cologny-Geneva, Switzerland-based NGO that’s committed to improving the state of the world by engaging world leaders to shape global agendas, is working with seven major mining and metal companies on a project that uses blockchain tech to source materials… Read More

Largest US-based Retail Food Group Purchasing Organization to Test Mastercard’s Blockchain Tech to Streamline Operations

Topco Associates, the largest US-based retail food GPO (Group Purchasing Organization) and the third largest private firm in Illinois, is preparing to test Mastercard’s blockchain-based technology to streamline its operations. Topco is planning to pilot a traceability platform created by Envisible, a logistics company. According… Read More

Securities Commission Malaysia Hosted the Sixth Edition of the SCxSC Fintech Conference on Oct 22

The Securities Commission Malaysia (SC)  hosted the sixth edition of the SCxSC Fintech Conference on October 22, an event aimed at helping to scale up the nation’s Fintech industry.  Notably, Malaysia’s Fintech sector has seen several new players enter its ecosystem, following the regulatory agency’s… Read More

Human AI Virtual Agents Firm Voca.ia Receives Funding from American Express Ventures

Voca.ai, a company that provides human artificial intelligence (AI) virtual agents, announced on October 23 that it has received funding from American Express Ventures, the strategic investment division of American Express (Amex), a New York-based multinational financial services corporation.  Existing investors lool ventures and Flint… Read More

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