General News

March 29, 2018 @ 3:00 pm By Samantha Hurst  |  

RSM US LLP (“RSM”), a provider of audit, tax and consulting services focused on the middle market is pleased to announce on Wednesday it has formed a partnership with global innovation platform, Plug and Play. RSM reported that as a strategic founding partner for Plug and Play’s… Read More

March 29, 2018 @ 2:03 pm By JD Alois  |  

The US Small Business Administration (SBA), Office of Advocacy, is out with a report reviewing the status of small business crowdfunding. According to the SBA, equity crowdfunding was particularly popular among very young firms. Nearly a third of firms were six months or younger when… Read More

March 29, 2018 @ 2:00 pm By Samantha Hurst  |  

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, announced on Thursday it has been named founding partner of FinTech Scotland, which is described as a newly-established company tasked with promoting Scotland as a global fintech hub.  Since 2012, Avaloq reports… Read More

March 29, 2018 @ 12:00 pm By Samantha Hurst  |  

On Wednesday, Credit Karma announced it secured a $500 million strategic secondary investment from technology investment firm Silver Lake. According to Credit Karma, Silver Lake will acquire a significant minority in the company. Founder and CEO Kenneth Lin will remain the largest shareholder, and together with co-founders Nichole… Read More

March 29, 2018 @ 11:32 am By Erin Hobey  |  

Starling Bank, after recently being voted the Best British Bank, has reportedly become the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK. Starling’s app aims to allow small business owners to open an account in less than… Read More

March 29, 2018 @ 10:46 am By Erin Hobey  |  

Progressive fashion line United Colors of Benetton in Lithuania has officially started accepting cryptocurrencies via CopPay, a Lithuanian-based multiсryptocurrency payment platform for businesses, consumers and community. CopPay’s international payment processing system aims to help store owners avoid losses due to the volatility of the exchange rate… Read More

March 28, 2018 @ 3:40 pm By Erin Hobey  |  

Hedderwick Limited has partnered again with Downing Crowd to revitalize UK pub culture.  In recent months, Downing Crowd also celebrated successful rounds with Oakman Inn’s The White Hart and Downoak Pub. This is an opportunity to lend to Hedderwick Limited and earn a fixed interest rate of… Read More

March 28, 2018 @ 2:36 pm By Erin Hobey  |  

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, analyzed the lending behavior of nearly 150,000 small businesses — sourcing its own customers — noting a steadily increasing growth in mobile lending. The total number of loans accessed through mobile increased… Read More

March 28, 2018 @ 10:04 am By Erin Hobey  |  

CoinDesk, Inc, a digital media, events and information services company for the crypto and blockchain community, has partnered with South Korean daily newspaper The Hankyoreh to help launch the new CoinDesk Korea. With the new partnership, The Hankyoreh will translate and distribute CoinDesk’s daily news in Korean,… Read More

March 26, 2018 @ 7:51 am By JD Alois  |  

Purplebricks Group plc (AIM: PURP), a “hybrid estate agent,” has received a £125 million strategic investment from German conglomerate Axel Springer via its subsidiary of Fünfundachtzigste Vermögensverwaltungsgesellschaft mbH. Following the investment, Axel Springer will own approximately 11.5% of Purplebricks. Concurrently, Purplebricks will appoint Dr Andreas… Read More

March 25, 2018 @ 8:00 pm By JD Alois  |  

FinTech Australia has extended the deadline for nominations regarding the 2018 Finne Awards. The new deadline is now midnight April 8th.  Judging is scheduled to take place immediately after the deadline with finalists notified on Monday, May 7th. It all comes together for the gala… Read More

March 25, 2018 @ 12:00 pm By JD Alois  |  

There is an ongoing debate in Canada regarding the regulatory approach to financial services. As it stands today, thirteen different financial regulators hold sway when it comes to securities compliance instead of a single national regulator. To the casual observer this makes absolutely no sense… Read More

March 23, 2018 @ 3:00 pm By Samantha Hurst  |  

NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, announced on Thursday it is launching a new venture fund focused on strategic partnerships and investments in the emerging Insurtech, Fintech and HR Tech industries. Shawn Ellis,… Read More

March 23, 2018 @ 11:05 am By Erin Hobey  |  

ORCA Alliance, an Open Banking platform designed for cryptocurrency users aims to unite fiat and crypto in a single convenient interface, is taking advantage of the European PSD2 directive. Founded by CEO Natan Avidan, ORCA Alliance aims to give its users the possibility to keep and track… Read More

March 23, 2018 @ 10:23 am By Erin Hobey  |  

In its new study, the OECD Secretary General examines cryptocurrency and its tax consequences in the two part Report to G20 Finance Ministers & Central Bank Governors. Part I reports on the activities and achievements of the OECD’s tax agenda, and reviews significant achievements while looking ahead at… Read More

March 22, 2018 @ 10:29 pm By Samantha Hurst  |  

NatWest announced this week it has beaten its sustainable energy funding target, providing £3.5 billion of lending to UK renewable energy and energy efficiency projects over the past three years. The bank reported it set a three-year target of £3 billion in 2015 and is now committed to… Read More

March 22, 2018 @ 10:41 am By JD Alois  |  

HM Treasury Publishes Fintech Strategy In a widely anticipated speech today during the midst of UK Fintech Week, Chancellor of the Exchequer Philip Hammond told the audience Britain is the global capital of Fintech and he will do everything he can to maintain this title…. Read More

March 21, 2018 @ 3:38 pm By Samantha Hurst  |  

On Tuesday, the Royal Bank of Canada (RBC) announced it has opened its very own API developer platform. According to the bank, the RBC Developers platform will allow eligible external software developers, industry “innovators,” and clients to access select RBC APIs. While sharing more details… Read More

March 21, 2018 @ 11:50 am By JD Alois  |  

  We recently published an article from John Auckland, from TribeFirst, about HMRC’s new SEIS / EIS guidelines. Since we released this, the crowdfunding platforms met with HMRC to discuss the potential limitations these guidelines might present for companies looking to raise money through crowdfunding, so… Read More

March 20, 2018 @ 12:08 pm By Samantha Hurst  |  

FinTech Sandbox announced on Tuesday that Sageworks, which offers lending, credit risk, and portfolio risk solutions to banks and credit unions, has signed on to be its new data partner. According to the organization, Sageworks will make banking and indices data available to early-stage fintech startups… Read More