General News

January 30, 2017 @ 9:28 am By JD Alois  |  

This is an interesting report from Get Rich Slowly, a personal finance blog, showing divisions between specific markets regarding job growth and average weekly wage. As one would expect, the hot-bed of innovation – San Francisco – is at the top of the list for… Read More

January 29, 2017 @ 2:52 pm By JD Alois  |  

The European Crowdfunding Network (ECN), a pan-European alternative finance advocacy group, is asking members to participate regarding input on the Capital Markets Union.  Specifically, the ECN will be working with the Directorate‑General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) regarding input on… Read More

January 28, 2017 @ 1:50 pm By Erin Hobey  |  

“We are convinced that the moment has come for Spanish banks and insurance companies to recognize the great opportunity that the whole country and financial sector have thanks to the impulse and promotion of Fintech. It is also the time to begin to promote strategies… Read More

January 27, 2017 @ 1:47 pm By Samantha Hurst  |  

Canadian multinational bank Scotiabank announced on Friday it is launching what it calls a “Digital Factory” as a way to help accelerate the fintech industry while also helping to improve its customers’ experience in mobile and digital banking transactions, account opening, loan adjudication, and mortgage… Read More

January 27, 2017 @ 12:34 pm By Erin Hobey  |  

Buddy-Watcher is closing in on its final week of crowdfunding on Companisto. The startup’s solution makes it possible to communicate more easily under water, providing underwater athletes with more freedom and increased safety. 170 international specialist retailers currently sell Buddy-Watcher, which helped the startup achieved… Read More

January 27, 2017 @ 11:24 am By Erin Hobey  |  

Birmingham City Council is joining forces with ART Business Loans and P2P lender ThinCats  to assist Birmingham SMEs that are unable to obtain any or all financing needed from high street banks, reported the Birmingham News. “Peer to peer finance solves two problems at once;… Read More

January 27, 2017 @ 11:01 am By Samantha Hurst  |  

Venture capital and advisory firm, Nyca Partners (Nyca), announced on Friday its latest venture capital fund received more than $125 million in total commitments. The company reports that over the course of the next 30 months, its founder, former Visa president, and LendingClub chairman, Han Morris,… Read More

January 27, 2017 @ 10:57 am By Erin Hobey  |  

The Australian largest marketplace lending platform SocietyOne announced John Cummins has joined the group as CIO, according to The Advisor. Reporting to SocietyOne CEO and MD Jason Yetton, Cummins will be responsible for SocietyOne’s funding requirements to support demand from an expanding number of borrower customers, including building on SocietyOne’s existing network… Read More

January 27, 2017 @ 8:41 am By Erin Hobey  |  

Joint Electronic Teller Services Limited (JETCO) announced a partnership with 7 Macau banks  to offer dual-currency JETCO Pay P2P mobile fund transfer. The service allows the participating banks’ customers to transfer both Hong Kong dollars (HKD) and Macau Pataca (MOP) to account holders of all local participating banks… Read More

January 27, 2017 @ 8:12 am By JD Alois  |  

The advent of online lending has become a powerful vehicle for providing access to credit for many thousands of businesses and individuals. No longer do you have to take a trip to the corner bank to complete reams of forms only to be told sorry,… Read More

January 27, 2017 @ 7:55 am By Samantha Hurst  |  

Nearly one month after ringing in the new year, Stuart Law, CEO and co-founder of peer-to-peer lending platform Assetz Capital, provided his alternative finance predictions for 2017.  Law’s upcoming year’s predictions come just after Assetz Capital announced it originated £200 million in loans since launching in 2013. As previously reported,… Read More

January 26, 2017 @ 5:40 pm By Samantha Hurst  |  

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced on Thursday its trading statistics and news highlights for 2016. The year’s highlights are the following: Total dollar volume of OTCQX, OTCQB, and Pink securities was $192.9 billion compared… Read More

January 26, 2017 @ 4:26 pm By Samantha Hurst  |  

On Thursday, BJ’s Wholesale Club announced it awarded $100,000 to all classroom projects listed by teachers from Charleston, Summerville, and neighboring communities through DonorsChoose. The funds were from the wholesale company’s foundation and reportedly fulfilled 141 projects and benefited 846 students in 65 local schools. Projects… Read More

January 26, 2017 @ 3:49 pm By JD Alois  |  

The UK has been the reigning king of Fintech for several years now. But it is lonely at the top and several countries are seeking to usurp the UK’s Fintech dominance. Add Brexit fallout and the UK has a battle on its hands. Of course,… Read More

January 26, 2017 @ 10:46 am By Samantha Hurst  |  

Russian developer CINEMOOD announced on Thursday the IIDF fund of Moscow invested USD $2.5 million Series A equity. The company created portable mini-cinema projector devices with a content platform for kids and released its second model, which is is a complete platform of hardware and entertainment and… Read More

January 26, 2017 @ 9:39 am By Samantha Hurst  |  

Millennium Trust Company announced on Thursday it finished 2016 with continued growth, bringing the total assets under custody to $20.8 Billion in 527,000 custodial accounts. Speaking about last year’s successes, CEO of Millennium Trust Company, Gary Anetsberger, commented on the firm’s Millennium Alternative Investment Network, which was… Read More

January 26, 2017 @ 9:02 am By Samantha Hurst  |  

FinTech Acquisition Corp. II (NASDAQ:FNTEU), a blank-check company formed for the purpose of acquiring or merging with one or more businesses or entities in the financial technology industry, announced on Thursday it completed its initial public offering (IPO) of 17.5 million units at a price… Read More

January 25, 2017 @ 5:53 pm By Samantha Hurst  |  

Online angel investment platform Propel(x) announced on Wednesday its platform hit a significant growth milestone in 2016 by helping to secure $5.3 million for deep technology and science startups. Sharing details about the milestone, Swati Chaturvedi, CEO and Co-Founder of Propel(x), stated: “2016 was a successful year in connecting… Read More

January 25, 2017 @ 3:36 pm By Samantha Hurst  |  

Crowdcube #FundedClub member Monzo announced it not only surpassed 100,000 users, but the users have also successfully spent £100 million. While sharing details about the 100,000th user, Monzo stated: “This year has been pretty exciting so far and today is no exception. We’re proud to announce… Read More

January 25, 2017 @ 11:15 am By Samantha Hurst  |  

Elevate, a provider of innovative online credit solutions for non-prime consumers, announced on Wednesday it has achieved two major customer financial progression milestones.  According to Elevate, over 55,000 customers using its RISE product have improved their credit scores and more than 20,000 RISE customers are… Read More