General News

March 11, 2020 @ 7:06 pm By JD Alois  |  

The CME Group will close its Chicago trading floor as of the close of business Friday, March 13, 2020. Similar to many other companies, CME Group is attempting to reduce the risk of Coronavirus exposure. CME Group was quick to state that no Coronavirus cases… Read More

March 11, 2020 @ 10:55 am By Omar Faridi  |  

A leading financial trading technology firm has shifted its business operations from its New York head offices to London. Established in 2011 by three Russian businessmen, TradingView has become the largest online community of private investors in the world, with reportedly more than 10 million… Read More

March 11, 2020 @ 9:17 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted an “Operating Status” notification on its website indicating that much of its DC staff have been asked to work from home during the Coronavirus outbreak. Recently, the Commission has canceled multiple meetings, according to its event page…. Read More

March 10, 2020 @ 4:52 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has issued an Order of Designation to Small Exchange, Inc., located in Chicago, Ill., granting it status as a designated contract market (DCM), effective today. Small Exchange is incorporated under Delaware state law. The Small Exchange seeks to make… Read More

March 10, 2020 @ 3:52 pm By Samantha Hurst  |  

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Tuesday it has begun transacting in Australia. The company reported it will also be supporting two of its major global customers, Klarna and Doordash with their own expansions… Read More

March 9, 2020 @ 10:28 pm By Omar Faridi  |  

Krungsri Finnovate, a corporate venture capital company operating under Bank of Ayudhya (BAY), the third-largest bank in Thailand in terms of assets, loans, and deposits, is planning to invest $10 million into the operations of three promising startups during the first half of this year…. Read More

March 9, 2020 @ 4:38 pm By JD Alois  |  

A joint bulletin has been issued today by multiple US federal and state regulators. The bulletin encourages banks to help meet the needs of their customers during the Coronavirus crisis. The agencies issuing the bulletin include: Board of Governors of the Federal Reserve System Consumer… Read More

March 9, 2020 @ 3:02 pm By JD Alois  |  

Cleveland, Ohio based Blockland Solutions may call it quits on a short series of conferences that took place in 2018 and 2019. The blockchain-focused events, organized in part by Destination Cleveland, launched at the tail end of the initial coin offering induced blockchain hype cycle…. Read More

March 9, 2020 @ 2:36 pm By Omar Faridi  |  

Standard Bank South Africa recently revealed that its migrating its core SAP cloud-powered platform to Microsoft Azure, in order to enhance customer experience and to be able to more effectively deploy new solutions. By teaming up with tech giant Microsoft, the financial institution hopes to… Read More

March 9, 2020 @ 11:58 am By JD Alois  |  

Innovate UK, the UK’s innovation agency, will be offering a “Women in Innovation Award” that will provide up to 10 women with £50,000 each to help them scale their business ventures. The Women in Innovation program was first launched in 2016 and since then the… Read More

March 9, 2020 @ 9:57 am By Omar Faridi  |  

The International Chamber of Commerce (ICC) has introduced the Digital Trade Standards Initiative (DSI), which is a collaborative cross-industry project that will aim to develop standards and best practices for conducting digital trade. The ICC Digital Trade Standards Initiative will continue to build on the… Read More

March 6, 2020 @ 1:05 pm By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Friday it has been named official banking partner for Team GB for the Tokyo 2020 Summer Olympic Games. The digital banking group reported as part of its involvement, it will also be offering each athlete a Starling… Read More

March 5, 2020 @ 7:45 am By JD Alois  |  

Innovate Finance, the leading voice in the UK advocating on behalf of the global Fintech industry, has published its annual Women in Fintech Powerlist highlighting 200 women shaping the future of finance. Innovate Finance received over 650 applications for this year’s list. The 2019 list… Read More

March 5, 2020 @ 12:15 am By Omar Faridi  |  

Swisscard AECS, a company that provides American Express, Mastercard and VISA cards for private and business customers, has updated its early collections by using FICO analytics. This has reportedly resulted in a net 50% increase in revenue generated from billable collection expenses.  The update has… Read More

March 4, 2020 @ 3:47 pm By Samantha Hurst  |  

As the coronavirus (COVID-19) continues to spread through the world, the World Health Organization (WHO) has advised consumers to consider using contactless payments in order to avoid spreading the virus. While speaking with the Telegraph, a spokesperson from WHO stated: “We know that money changes… Read More

March 4, 2020 @ 11:06 am By JD Alois  |  

As Crowdfund Insider reported earlier this week, the Securities and Exchange Commission (SEC) had scheduled an Open Meeting of the Commission to address access to capital for private firms. To quote the meeting memo: “The Commission will consider whether to propose rule amendments that would… Read More

March 3, 2020 @ 2:44 pm By JD Alois  |  

Dozens of events around the world have been canceled or rescheduled. This includes Fintech focused events. Yesterday, the annual Paris Blockchain Week pushed the event to December. Today, the National Crowdfunding and Fintech Association (NCFA) annual conference, FFCON20, has been postponed to at least June… Read More

March 3, 2020 @ 1:30 pm By Samantha Hurst  |  

October, a leading European online lender, announced on Tuesday it has reached new milestone. The lending platform revealed €400 million has been borrowed by SMEs on the platform to finance more than 800 projects. Ein weiterer Meilenstein in der Geschichte von October: mit dem heutigen… Read More

March 3, 2020 @ 8:22 am By JD Alois  |  

Online lending services like peer-to-peer, crowdlending, marketplace lending or direct lending, is predicted to hit $9.6 billion in transaction volume in 2020. A 10% year over year rate of growth, according to a new report. European Fintech loans are expected to hit 1.3 million by… Read More

March 3, 2020 @ 7:27 am By JD Alois  |  

Several weeks back at the annual Paris Fintech Forum, Crowdfund Insider had the chance to sit down with a representative from Birmingham in the United Kingdom. While London is well-known for being a global financial centre and leading Fintech hub, Birmingham is emerging as an… Read More