General News

April 18, 2017 @ 6:38 am By Erin Hobey  |  

Following the devastating murder of 74-year-old Robert Godwin in Cleveland, Ohio, the city’s police chief Calvin Williams warned those wanting to donate funds to the family through the crowdfunding platform GoFundMe to be careful when it comes to scams.  The platform reached out to confirm which… Read More

April 18, 2017 @ 5:55 am By Erin Hobey  |  

In response to growing demand from investors in search of better investment returns for their pensions, UK P2P service provider BondMason has launched a new Self-Invested Personal Pension (SIPP) service. “P2P Lending is an increasingly attractive asset-class, however SIPP administrators are rightly concerned with the practical difficulties of monitoring… Read More

April 17, 2017 @ 3:49 pm By Samantha Hurst  |  

Following the devastating murder of 74-year-old Robert Godwin in Cleveland, Ohio, the city’s police chief Calvin Williams warned those wanting to donate funds to the family through crowdfunding platform GoFundMe must be careful when it comes to scams. On Sunday, Godwin was allegedly shot to death… Read More

April 17, 2017 @ 3:09 pm By Samantha Hurst  |  

Texas fintech company Payix announced on Monday it has formed a partnership with California’s Nortridge Software to help lenders connect with borrowers and improve their collect payments abilities. According to the companies, this new partnership with allow Payix to offer real-time integration between its suite… Read More

April 17, 2017 @ 12:49 pm By JD Alois  |  

Deloitte’s recent report on Fintech Hubs entitled A tale of 44 cities – Connecting Global FinTech: Interim Hub Review 2017 indicated that London remained at the top of the list with Singapore closely behind it and obviously hoping to become number one. But alongside the original 20… Read More

April 17, 2017 @ 11:10 am By Samantha Hurst  |  

Bank Negara Malaysia’s Financial Technology Enabler Group (FTEG) announced on Monday it is now seeking ideas from the public on the improvements to financial services sector by harnessing innovation and technology. The call for participation for ideas is now open through its new “Fintech Hacks” initiative,… Read More

April 15, 2017 @ 12:36 pm By Samantha Hurst  |  

Earlier this week, Ireland-based fintech company Fenergo announced Spencer Lake, a former Vice Chairman of HSBC Global Banking and Markets, has joined its Board of Directors as its new Vice Chairman.  According to Fenergo, Lake held several global senior roles during his tenure at HSBC, including… Read More

April 14, 2017 @ 5:33 pm By Samantha Hurst  |  

Earlier this week, IBM (NYSE: IBM) and Sichuan Hejia Co., Ltd. (Hejia) announced they have collaborated to launch a new blockchain-based supply chain financial service platform specifically for pharmaceutical procurement. The companies confirmed that the new service is to help improve efficiency, transparency, and operation of… Read More

April 14, 2017 @ 5:17 pm By JD Alois  |  

The Federal Reserve has published a report on the state of small business credit. The Small Business Credit Survey (SBCS), a national collaboration of the 12 Federal Reserve Banks, is designed to provide information on small business financing needs, decisions, and outcomes to policy makers. The… Read More

April 14, 2017 @ 2:30 pm By JD Alois  |  

Crowdfunding platforms in the US have been unable to accept investments via credit cards thus streamlining the process of purchasing securities online. That is until now. Vantiv (NYSE:VNTV), a Cincinannit based payment processor, has decided to facilitate these transactions. In a recent update by FundAmerica,… Read More

April 14, 2017 @ 10:43 am By JD Alois  |  

Renren (NYSE: RENN), an early investor in the first Fintech unicorn SoFi, recently announced it had sold preferred shares in SoFi to investors on April 4th. The transaction was completed in conjunction with SoFi’s $500 million funding round. Renren is an early investor in SoFi which… Read More

April 14, 2017 @ 9:50 am By Samantha Hurst  |  

California-based company Meed announced on Thursday it is collaborating with Oracle to deliver its suite of digital financial services to banks worldwide. The company stated it will integrate with Oracle’s Digital Banking Experience (OBDx) solution, using the Oracle platform, to deliver end-to-end digital experiences while… Read More

April 14, 2017 @ 9:19 am By Samantha Hurst  |  

Fifth Third Bank announced on Thursday an investment and expanded partnership with nonprofit small business lender network, Accion U.S. Network, to support lending to underserved small businesses in Florida, Indiana, Illinois, Michigan, and Ohio. The bank revealed that the partnership highlights its focus on championing… Read More

April 13, 2017 @ 3:40 pm By JD Alois  |  

The Financial Industry Regulatory Authority (FINRA) has filed a regulatory notice and a request for comments regarding capital formation. The review includes aspects of the JOBS Act and crowdfunding. FINRA said the request for comments was part of its FINRA360 initiative, a comprehensive review of… Read More

April 13, 2017 @ 1:53 pm By Samantha Hurst  |  

Student loan marketplace, College Ave Student Loans, announced on Thursday it secured $30 million during its fourth equity round. Investors of the funding round included new and existing participants, which included Comcast Ventures and Leading Edge Ventures. Speaking about the funding, Joe DePaulo, College Ave… Read More

April 13, 2017 @ 11:15 am By Samantha Hurst  |  

Online lender SoFi recently announced the launch of its new two-step verification feature that will offer users the next level of account protection. The company revealed that two-factor authentication (or 2FA) would provide an additional layer of security to help protect accounts from unauthorized access. While sharing… Read More

April 13, 2017 @ 10:57 am By Samantha Hurst  |  

Humaniq, a UK-based blockchain financial platform offering financial inclusion solutions for the unbanked, announced on Wednesday it appointed a new CEO, Dinis Guarda, and also 20 members to its global advisory board. Sharing details about the appointments, Alex Fork, President and co-Founder of Humaniq, stated:… Read More

April 13, 2017 @ 9:56 am By Samantha Hurst  |  

Fintech startup and new app Dosh announced on Thursday more than 100,000 companies have joined its merchant network. The latest companies to make their way to the network are Forever 21, Applebees, and IHOP. The company revealed that its platform auto-magically incentivizes consumers with cash and allows merchants… Read More

April 13, 2017 @ 9:27 am By Samantha Hurst  |  

OFF3R, a UK based aggregator of alternative finance platforms, released its latest installment of the OFF3R Index that revealed more than £40 million was invested in early stage businesses in March 2017 through equity crowdfunding platforms in the UK. The company states this new record-breaking figure smashes… Read More

April 12, 2017 @ 10:32 pm By Simon Douw  |  

In 2016 a total of €170 million was raised through crowdfunding in the Netherlands. This sets a new all-time high for the size of the crowdfunding market in the country. However, for the first time since its rise, crowdfunding in the Netherlands has not grown… Read More