General News

May 18, 2017 @ 1:20 pm By Jonathan Nieh  |  

According to an article published on Trustnodes today, Ethereum is now handling almost half the transaction volume of Bitcoin. That might not sound impressive but you have to consider the fact that Ethereum launched less than 2 years ago whereas Bitcoin is over 9 years old…. Read More

May 18, 2017 @ 7:26 am By Erin Hobey  |  

M0ney360, a leading commercial real estate marketplace lending platform, closed more than $45 million in loans in April, bringing the company’s total production to over $250 million in closed loans, with an expected $500 million in transactions by year-end. Money360’s recent loan closings span properties… Read More

May 18, 2017 @ 7:10 am By Erin Hobey  |  

UK Fintech TransferWise has reached operational profitability six years after launch, according to a release. The Estonia-founded, London-based currency exchange startup indicated that it is currently amassing £8 million a month in revenue and is on target to reach £100 million for 2017. “To have hit… Read More

May 18, 2017 @ 6:45 am By Erin Hobey  |  

ESADE BAN, the business angels network of Barcelona business school ESADE Alumni, has partnered with the online investment platform Crowdcube Spain to enable coinvestment in startups and growing businesses in Spain. Under this agreement, the entire ESADE community (including alumni, students, faculty, recent graduates and staff)… Read More

May 18, 2017 @ 5:19 am By Erin Hobey  |  

Boston-based Eastern Bank has spun off an online loan platform for small businesses that was developed by its innovation lab into an independent company that has already raised $9 million in funding. Numerated Growth Technologies consists of a platform that allows banks to make loans in… Read More

May 18, 2017 @ 4:59 am By Erin Hobey  |  

A large majority (75%) of anti-money laundering (AML) professionals believe the current geopolitical landscape presents new risks and challenges for preventing financial crime at their organisations, according to a joint survey by SWIFT and Dow Jones Risk & Compliance. To address these risks, more than half… Read More

May 17, 2017 @ 9:42 pm By JD Alois  |  

Last week, Benzinga held its annual Fintech Awards event in Manhattan. The proceedings prior to the actual award presentations included some well known names from both traditional and alternative finance alongside a series of three minute pitch sessions. At the event, representatives from a wide range… Read More

May 17, 2017 @ 4:02 pm By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) will embark on a “major Fintech initiative” with the creation of LabCFTC. The venture was launched to promote responsible Fintech innovation and to encourage competition in the markets the CFTC oversees. “Simply put, LabCFTC is intended to help… Read More

May 17, 2017 @ 3:47 pm By JD Alois  |  

Kroll Bond Rating Agency (KRBA) has assigned preliminary ratings to three classes of notes issued by Prosper for $450.5 million that is expected to close on May 24, 2017. This will be the sixth securitization which is collateralized by unsecured consumer loans which have been… Read More

May 17, 2017 @ 10:37 am By JD Alois  |  

Lucerne University in Switzerland is out with their annual report on crowdfunding in the country. This is the third year in a row that the report has been published. The “Crowdfunding Monitoring Switzerland 2016 tracks the growth and trends in this sector of finance. In the… Read More

May 17, 2017 @ 10:04 am By JD Alois  |  

The SEC’s Advisory Committee on Small and Emerging Companies (ACSEC) addressed questions about secondary market liquidity in Reg A+ securities last week at their meeting in DC.  The Committee members reviewed challenges and demands for facilitating secondary transactions. Providing liquidity is an important aspect of… Read More

May 16, 2017 @ 10:59 pm By JD Alois  |  

According to a report by Bloomberg, Earnest is up for sale. The San Francisco based online lender is said to have an asking price of $100 million. Founded in 2013, Crunchbase reports Earnest has raised over $99 million not including an undisclosed sum in a… Read More

May 16, 2017 @ 10:11 am By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced its first batch of Fintech Regulatory Laboratory (Reglab) participants comprising five local and international Fintech startups with various innovation offerings.The ADGM Reglab is reportedly the first Fintech regulatory sandbox and framework in the… Read More

May 16, 2017 @ 8:54 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced the 2nd edition of the Singapore FinTech Festival, to be held in Singapore from 13 to 17 November 2017. The event is organized in partnership with The Association of Banks in Singapore (ABS) and in collaboration with SingEx… Read More

May 16, 2017 @ 7:49 am By JD Alois  |  

NextGen Crowdfunding, a platform that helps people explore new types of crowdfunding, has announced a webinar special celebrating the one year anniversary since Title III regulations took effect in May 2016. The webinar will take place today (May 16, 2017) at 1PM PT / 4PM ET…. Read More

May 16, 2017 @ 6:29 am By Erin Hobey  |  

“…crowdfunding is an incredible resource for independent artists and is a powerful way to maintain creative control of our work.” This time of year is filled with graduations and future plans for promising students, artists and songwriters.  Kickstarter covers an interesting earful of projects from songwriter students who… Read More

May 16, 2017 @ 5:39 am By Erin Hobey  |  

LuxTrust S.A., a company based in Luxembourg, and Cambridge Blockchain LLC, a Massachusetts-based company providing identity-management enterprise software, today announced a joint effort to develop a new identity platform for the European market. “LuxTrust is committed to providing better identities for people and things. Working… Read More

May 16, 2017 @ 5:21 am By Erin Hobey  |  

The People’s Bank of China has set up a committee that will investigate the impact of fintech on monetary policy and financial markets as well as how big data and AI can be used for regulatory oversight, according to a release. China has emerged as a… Read More

May 16, 2017 @ 2:37 am By Jonathan Nieh  |  

  Equity crowdfunding and credit unions are a match made in heaven, according to a recent article on Business News Daily. At the heart of equity crowdfunding is the goal of democratizing capital formation; allowing companies to raise money from online communities of investors who campaign… Read More

May 15, 2017 @ 11:17 am By Erin Hobey  |  

Payza, a global mobile payment platform, announced that it had become one of the first eWallet providers to treat Bitcoin like any fiat currency. Members can now hold their bitcoins directly in their Payza eWallets, no longer needing a separate Bitcoin Wallet to perform Bitcoin… Read More