General News

February 7, 2017 @ 4:12 pm By Samantha Hurst  |  

On Tuesday, banking giant Citi has teamed up with IBM and its other allies to launch the Citi Tech for Integrity Challenge (T4I), which is described as a program that seeks to encourage technology innovators from around the globe to create solutions to promote integrity, accountability,… Read More

February 7, 2017 @ 10:45 am By Samantha Hurst  |  

Loan approval rates at big banks ($10 billion+ in assets) picked up where they left off in 2016, improving to post-recession highs in January 2017, according to the most recent Biz2Credit Small Business Lending Index. This monthly report analyzed over 1,000 small business loan applications on… Read More

February 7, 2017 @ 9:53 am By Samantha Hurst  |  

Digital money transfer service WorldRemit announced on Tuesday it teamed up with payment system CONTACT to launch instant money transfers in Ukraine, Armenia, Belarus, and Kazakhstan. According to WorldRemit, customers from more than 50 countries can use its app or website to send instant, secure money transfers to… Read More

February 7, 2017 @ 9:00 am By JD Alois  |  

Citizens Commercial Banking is now partnering with Opportunity Network to help their clients gain access to the innovative business-to-business networking platform. Opportunity Network is a community of 13,500 CEOs and approximately $35 billion of deal flow. It is a business matchmaking platform where members can find… Read More

February 7, 2017 @ 7:00 am By Erin Hobey  |  

Up and running in just four weeks, Moven’s new UK self-monitoring finance app was announced at this year’s FinovateEurope. The company is currently establishing additional partnerships across Europe, eager to plan more speedy launches across the continent in the near future. The app provides a consolidated view of users’ financial information… Read More

February 7, 2017 @ 6:56 am By Erin Hobey  |  

Cryptography and cybersecurity studies are not just for college and graduate students. iD Tech, a leading STEM camp provider for kids and teens nationwide, has launched a Cryptography & Cybersecurity course for teens at four iD Tech Camps locations in the D.C. area. The summer course teaches students the… Read More

February 7, 2017 @ 6:35 am By Erin Hobey  |  

Lending startup SlicePay has bought Delhi-based P2P lending platform Trustio in an all equity deal which the former hopes will strengthen its team, product portfolio and infrastructure. Trustio, launched last year, enables alumni of a select number of colleges access to short-term credit sourced from their… Read More

February 7, 2017 @ 6:21 am By Erin Hobey  |  

LOVE Turntable Inc.’s Kickstarter campaign is still going strong with the help of 1026 backers and counting, having raised over $346,870 since launching late last week.   The startup surpassed its goal within hours of launching its Kickstarter campaign which brings its smartphone-controlled turntable to market. Funding from the campaign will aid in… Read More

February 7, 2017 @ 6:01 am By Erin Hobey  |  

Anova Applied Electronics, Inc. announced its entering into an agreement to be acquired by global appliance company Electrolux (ELUX-B) for $115 million in cash up front and an additional $135 million, subject to adjustments and the achievement of certain financial objectives. “Our vision has always been… Read More

February 6, 2017 @ 2:54 pm By Samantha Hurst  |  

Blockchain project Chronobank announced on Sunday it has officially joined national Australia Fintech Industry Association, also known as Fintech Australia. FinTech Australia, which was founded in October 2015, has more than 70 startups, venture capital funds, hubs, and accelerators throughout Australia that specialize in fintech that… Read More

February 5, 2017 @ 5:04 pm By JD Alois  |  

  Orchard Platform has once again leveraged their deep data on online lending to predict the outcome of the SuperBowl. This will be the third year Orchard shifts gears and enters the odds-making space by using their data magic to divine a sporting event outcome… Read More

February 5, 2017 @ 3:04 pm By JD Alois  |  

NextGen Crowdfunding is in the midst of their first Crowdfunding Video Award’s (CVA) to determine the most powerful pitch videos created for crowdfunding campaigns. Participants may come from either rewards or investment crowdfunding. Launched in January, the CVAs are now down to three finalists which… Read More

February 4, 2017 @ 9:22 am By Samantha Hurst  |  

RateSetter, a leading UK peer-to-peer lending platform, announced this week it is updating its lender terms. This news comes just a few months after the company announced it was adding more flexibility into the Provision Fund. The RateSetter team announced: “We believe that a more flexible… Read More

February 3, 2017 @ 4:32 pm By Samantha Hurst  |  

New Zealand Tech Industry Association, along with Ministry of Business, Innovation, and Employment, has teamed up with several New Zealand financial businesses to launch a new fintech organization called FinTechNZ. According to the New Zealand Tech Industry Association, FinTechNZ will bring together innovative companies in the financial services… Read More

February 3, 2017 @ 12:47 pm By Samantha Hurst  |  

Last week, UK Prime Minister Theresa May unveiled a modern Industrial Strategy proposal to help build on the country’s strengths and take on its weaknesses. Prime Minister May explained: “The modern Industrial Strategy will back Britain for the long-term: creating the conditions where successful businesses… Read More

February 3, 2017 @ 11:39 am By JD Alois  |  

The Division of Economic and Risk Analysis (DERA), the research arm of the Securities and Exchange Commission (SEC), has partnered with New York University’s Salomon Center on a half-day conference reviewing investment crowdfunding. The event, which is open to the public, will be held at… Read More

February 3, 2017 @ 11:10 am By JD Alois  |  

In a publication created by Crowdfunding.de, the report, entitled “Marktreport 2016: Crowdinvesting in Deutschland,” states that investment crowdfunding grew by 39% during 2016 reaching €63.8 million. Still quite small in comparison to some other countries but solid growth none-the-less. The sector was largely powered by a… Read More

February 3, 2017 @ 10:52 am By Samantha Hurst  |  

Crowdfunding giant Kickstarter announced earlier this week its latest creative initiative, Make 100, attracted more than 460 creators. As previously reported, the funding portal stated as 2017 kicks off, it is challenging campaign organizers to bring their brightest idea to life, times 100. It explained: “Being… Read More

February 3, 2017 @ 10:32 am By Samantha Hurst  |  

Fintech consultant firm, Synechron, announced on Thursday it is now collaborating with The South Florida Accelerator. Synechron is now an investor and strategic partner of accelerator’s business platform. The South Florida Accelerator is described as an innovation accelerator and aggregator with global connectivity. Its mission is… Read More

February 2, 2017 @ 3:35 pm By Samantha Hurst  |  

Contis Group, an alternative payments and banking brand based in North Yorkshire, announced on Wednesday it has opened a new office in London’s Mayfair neighborhood. The fintech company declared that the opening of the new office will help facilitate client meetings in London easier and… Read More