General News

November 15, 2019 @ 2:26 pm By JD Alois  |  

Nesta, in partnership with Open Banking Limited (OBL), has announced the Open Up 2020 Challenge finalists. According to Nesta, the 15 finalists were selected out of 107 entries. Many of these Fintechs are live and in the market already. This group of Fintechs will compete… Read More

November 15, 2019 @ 10:59 am By Omar Faridi  |  

A recent analysis performed by Paysend, a company that allows money transfers to any Visa, Mastercard, UnionPay cards and to regular bank accounts, has revealed the world’s top ten nations with the greatest gender divide for accessing modern financial services such as banking accounts and… Read More

November 14, 2019 @ 10:02 pm By Omar Faridi  |  

The Bank of Georgia has introduced an artificial intelligence (AI)-enhanced retail banking platform, called mBank, in order to offer its clients an improved, innovative, and personalized online banking experience. mBank is a newly developed “smart’ personal finance management (PFM) software platform. It has been created… Read More

November 14, 2019 @ 9:34 pm By Cali Haan  |  

Popular free pornography site PornHub has announced in a blog post that payments giant PayPal has stopped servicing payments to over 100 000 porn performers who sell extras through the site. According to PornHub: “We are all devastated by PayPal’s decision to stop payouts to… Read More

November 14, 2019 @ 3:13 pm By JD Alois  |  

Wefunder is the largest Reg CF (Regulation Crowdfunding) portal in the US. While having completed Reg D offerings in the past and the occasional Reg A+ offering, Wefunder is mainly a CF portal. A Wefunder spokesperson recently shared the below comment with Crowdfund Insider: “Wefunder… Read More

November 14, 2019 @ 9:12 am By Omar Faridi  |  

Uncork Capital, a seed-stage VC firm, led a $4 million investment round for blockchain analytics company Messari. Coinbase Ventures, the venture capital arm of San Francisco-based crypto exchange Coinbase, also took part in Messari’s latest funding round. Messari’s management confirmed on November 13 that it… Read More

November 13, 2019 @ 11:45 pm By Omar Faridi  |  

Philadelphia, Pennsylvania-based FreedomPay, a global commerce solution developer, revealed on November 12 that it has teamed up with Marriott International in order to deploy the FreedomPay Commerce Platform across Marriott’s lodging portfolio. Marriott’s management says it intends to use FreedomPay’s platform in the US and… Read More

November 13, 2019 @ 11:01 pm By Cali Haan  |  

More than 200 delegates representing police forces and regulatory bodies in Australia, the US, Singapore, and New Zealand are convening Nov 13-15 in Brisbane at the 2019 National Proceeds of Crime Conference. Present in force will be staff from Australia’s Taxation Office, Securities and Investment Commission,… Read More

November 13, 2019 @ 7:32 pm By Cali Haan  |  

A poster on Reddit is warning that “Asian Girls” on Tinder are engaging in sometimes month-long seductions to lure marks and their money to unreliable cryptocurrency projects. In the post titled, “PSA: Watch out for girls from Tinder who like fashion, hiking, investing and other… Read More

November 13, 2019 @ 5:50 pm By Omar Faridi  |  

Fintech Worldwide, a global innovation and events network that mainly focuses on Fintech, blockchain, and frontier technologies, announced on November 12 that it has teamed up with the New York-based Molinari Media, PBC in order to introduce TheIMPACT television and social media network. TheIMPACT will… Read More

November 13, 2019 @ 4:10 am By JD Alois  |  

The Federal Reserve Bank of New York has published a presentation on Small Business Credit. The document indicates that small business optimism is near a 15 year high and demand for small-dollar loans (under $1 million) is robust yet these same small dollars loans have… Read More

November 13, 2019 @ 2:54 am By JD Alois  |  

The French Crowdfunding Association (Financement Participatif France or FPF) has appointed Jérémie Benmoussa, co-founder of Fundimmo, as Chairman replacing Stéphanie Savel. Savel chaired FPF for 3 years. She was also President of the WiSEED platform. In May of 2019, Savel left to focus on other… Read More

November 12, 2019 @ 9:53 am By JD Alois  |  

Last week, a meeting of the Securities and Exchange Commission (SEC) Investor Advisory Committee (IAC) held a meeting. On the agenda was the topic of the SEC’s concept release on regulatory harmonization. The concept release was initiated in recognition of the current ecosystem of private… Read More

November 12, 2019 @ 1:55 am By Cali Haan  |  

CEO Patrick Collison of Stripe told Wired magazine last Friday that he’s, “very skeptical of anyone who’s adamant that crypto’s gonna work,” but said he thinks companies should experiment even if the chance of success seems slight. Collison reportedly made the comments while doing on… Read More

November 12, 2019 @ 1:20 am By Omar Faridi  |  

Immersive Labs, a UK-founded cybersecurity skills platform, raised $40 million through a Series B investment round led by Summit Partners, a growth equity investor. New York-based investment bank Goldman Sachs also took part in Immersive’s latest funding round. Established in 2017, the company noted that… Read More

November 9, 2019 @ 3:57 pm By Cali Haan  |  

Prolific Silicon Valley VC firm Andreessen Horowitz is offering a free seven-week program starting in late February 2020 called the “a16z Crypto Startup School.” Famous for being one of the early backers of Facebook and Instagram, Andreessen Horowitz has added a number of cryptocurrency/ “blockchain”… Read More

November 9, 2019 @ 3:40 pm By Omar Faridi  |  

The Deloitte Technology Fast 500 aims to be one of the most objective rankings for technology, media, telecommunications, life sciences, and energy technology firms for the past 25 years. As noted on the Big Four auditing firm’s website: “Combining technological innovation, entrepreneurship, and rapid growth,… Read More

November 9, 2019 @ 10:09 am By Omar Faridi  |  

Malaysia is reportedly planning to impose a $6,000 limit on cash transactions next year, according to the deputy governor of the nation’s central bank. The restrictions on cash payments is being placed in order to reduce the number of illicit financial activities. The limit on… Read More

November 7, 2019 @ 11:05 pm By Omar Faridi  |  

American Express and Coupa announced on November 6 the launch of the American Express virtual Card, which will serve as a payment method within Coupa’s business spend management (BSM) platform.  According to release: “The new payment integration with Coupa Pay, a set of payment and… Read More

November 7, 2019 @ 10:37 pm By Omar Faridi  |  

New York-based JPMorgan Chase (NYSE:JPM), a multinational investment bank and financial services holding company with $2.7 trillion in assets, has created an e-Wallet product for large tech firms such as Airbnb, Lyft, and Amazon.  The new online wallet will allow users to open virtual accounts… Read More