General News

April 6, 2020 @ 7:01 am By Omar Faridi  |  

Nationwide has halted its plans to offer business banking services, and has reportedly returned £50 million in Royal Bank of Scotland (RBS) bailout funds to the Banking Competition Remedies Board. In May 2019, Nationwide received a £50 million grant from the RBS bailout fund, in… Read More

April 5, 2020 @ 9:53 pm By Samantha Hurst  |  

Digital bank Revolut recently announced plans to move non-UK customers in Central and Eastern Europe in its newly licensed Lithuanian entity before the end of the Brexit transition period in December 2020. The company went on to share more details about its response to Brexit…. Read More

April 5, 2020 @ 10:17 am By JD Alois  |  

Crowdcube co-founder Luke Lang has announced a new initiative to help entrepreneurs and small companies during the COVID-19 crisis. Distributed in an email today, Crowdcube announced the launch of Save Our Startups (SOC). Simultaneously, Crowdcube posted an open letter directed to UK Prime Minister Boris… Read More

April 4, 2020 @ 4:48 pm By JD Alois  |  

Last week, the North American Securities Administrators Association (NASAA) cautioned an SEC Committee about the potential for fraud during the COVID-19 outbreak. NASAA is the lobbying group that represents state and provincial securities regulators. Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau… Read More

April 3, 2020 @ 3:57 pm By Samantha Hurst  |  

The U.S. Federal Bureau of Investigation (FBI) reportedly arrested Russian rapper Maxim Boyko for cryptocurrency laundering. According to the Moscow Times, Boyok was arrested at a Miami condo this past weekend. The Affidavit submitted to support Boyko’s arrest revealed that the rapper “knowingly and intentionally conspire… Read More

April 3, 2020 @ 1:23 pm By Samantha Hurst  |  

Tencent Holdings Limited, a leading provider of Internet value-added services based in China, announced on Friday it is deepening its collaboration with the World Health Organization (WHO) through a $10 million donation to WHO’s COVID-19 Solidarity Response Fund, as well as an agreement to open… Read More

April 3, 2020 @ 11:51 am By Samantha Hurst  |  

Canadian regtech company iComply Investor Services announced earlier this week the launch of its new $2 million COVID-19 relief grant, the iComply for Good Services Grant.  According to iComply, iComply for Good‘s purpose is to strengthen the resilience, continuity, and remote operations capacity of our community organizations… Read More

April 3, 2020 @ 8:08 am By Samantha Hurst  |  

Nordic challenger bank Lunar announced on Friday it secured an additional €20 million through its extended Series B, bringing the funding round’s total amount to €46 million raised. Seed Capital Denmark reportedly led the investment round with participation from Greyhound, Socii, and Augustinus. Founded in 2015,… Read More

April 3, 2020 @ 7:29 am By Omar Faridi  |  

Wolters Kluwer’s Compliance Program Management (CPM) business has introduced the Coronavirus Noteworthy Developments Bulletins, which aim to bring together all the global regulatory modifications, orders, notices and various other updates for the financial services sector (as they relate to the deadly COVID-19 outbreak). The newly… Read More

April 2, 2020 @ 2:00 pm By Samantha Hurst  |  

HouseCanary, a U.S.-based fintech firm focused on providing a real estate analytics solution, announced on Thursday it has acquired real estate technology startup, Dropmodel. HouseCanary reported that this is the first acquisition since its secured $65 million through its Series C growth funding round. Founded… Read More

April 2, 2020 @ 1:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee met today in a teleconference to discuss the impact of COVID-19 and small business. In brief, several Committee members expressed the opinion that it is going to be really bad. Martha Legg Miller,… Read More

April 2, 2020 @ 12:52 am By Omar Faridi  |  

UK-headquartered Push Technology, a provider of real-time intelligent data streaming and messaging services, will offer a cloud-powered platform for API management, called Diffusion Cloud. The platform will be available at no extra cost for the company’s new and existing clients. Push Technology notes that it… Read More

April 1, 2020 @ 10:57 pm By Omar Faridi  |  

Amsterdam-based ABN Amro, the third-largest bank in the Netherlands, has revealed that it will be offering a credit facility to its commercial banking clients. The bank said it aims to help those who have been most affected by the coronavirus (COVID-19) outbreak. ABN Amro said… Read More

April 1, 2020 @ 10:22 pm By Omar Faridi  |  

London-based Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has reportedly committed $1 billion in capital to companies that are helping to address the economic challenges due to the Coronavirus (COVID-19). There are now many companies… Read More

April 1, 2020 @ 6:08 pm By JD Alois  |  

Earlier this week, an article in The Daily Caller targeted Itria Ventures. Itria is a financial services firm in the business of providing financing to its clients by making loans and purchasing accounts receivable – typically referred to as a Merchant Cash Advance (MCA) provider…. Read More

April 1, 2020 @ 12:01 pm By JD Alois  |  

Current, an aspiring digital bank with over 800,000 accounts, has pulled some paycheck and purchasing data to provide some insight into how the COVID-19 pandemic is impacting the economy. Of course, this is a snap-shot in time and a single set of data does not… Read More

April 1, 2020 @ 7:46 am By Omar Faridi  |  

Charities in the United Kingdom are currently experiencing major challenges due to the deadly Coronavirus (COVID-19) outbreak. Payments services provider Thyngs has partnered with the Charities Trust, in order to introduce a new way to assist the UK’s charities sector with raising funds from people… Read More

March 31, 2020 @ 11:32 pm By JD Alois  |  

Crowdfunding advocate and Fintech expert Rodney Sampson has joined Draper Goren Holm as a Venture Partner. Draper Goren Holm is a partnership between Tim Draper, Alon Goren, and Josef Holm, focused on accelerating and incubating early-stage blockchain and Fintech startups, while simultaneously producing leading blockchain… Read More

March 31, 2020 @ 10:19 pm By Omar Faridi  |  

ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has joined Microsoft’s (NASDAQ:MSFT) partner program, One Commercial Partner, which provides various cloud-powered solutions. ThetaRay’s anti-money laundering (AML) solution for correspondent banking can be accessed through Microsoft’s Azure Marketplace. A large US bank… Read More

March 31, 2020 @ 5:37 pm By JD Alois  |  

Tripoint Global Equities, an early advocate of issuing securities under updated rules for Reg A+, has filed with the Securities and Exchange Commission to shut down its broker-dealer . The information was part of a recently filed Focus report. To quote the document: “On March 13,… Read More