October 23, 2018 @ 8:48 am By Cali Haan  |  

Local news agency Arka has announced that a large crypto mining facility has opened in the Armenian capital of Yerevan. The facility, the country’s first, currently hosts 3000 machines mining Bitcoins and ether, but will one day host 120 000 machines, its creators believe. According… Read More

October 23, 2018 @ 8:30 am By Samantha Hurst  |  

KPMG Fintech, along with fintech investment firm H2, announced on Tuesday the release of the 2018 Fintech100, which highlights dynamic fintech firms around the world that are “transforming” the financial industry. The list includes fintechs from a range of industries, including digital payments, lending, insurtech,… Read More

October 23, 2018 @ 3:58 am By Erin Hobey  |  

It’s been an exciting week for UK fintecher Tandem. The platform launched its second credit product, Journey Credit Card, introduced auto-saving rules and the ability block card purchases in real time sans a formal cancelation process. Tandem has said that it is planning a growing range of in-app features that offer… Read More

October 23, 2018 @ 1:15 am By Cali Haan  |  

The Financial Action Task Force (FATF), a Paris-based inter-governmental body “representing most major financial centres in all parts of the globe” and tasked with establishing anti-money laundering (AML) and anti-terrorist financing (CFT) standards worldwide has stated in an October 19th release: “There is an urgent need for… Read More

October 23, 2018 @ 1:10 am By JD Alois  |  

Hong Kong based Fintech Neat has received USD $3 million in funding led by China-based VC firm Linear Capital. Neat is a bank alternative and claims to already have customers in more than 100 countries, delivering a fully digital alternative to a traditional bank account. Neat… Read More

October 22, 2018 @ 3:32 pm By Cali Haan  |  

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by volume and registered customers fired “at least” 20 employees at the start of last week, Portal do Bitcoin reports. Four employees spoke to the publication on the condition of anonymity. They said executives were fired on Monday, and… Read More

October 22, 2018 @ 1:27 pm By JD Alois  |  

As we predicted just yesterday, Goldman Sachs will move into the wealth management space, according to a note by CNBC. The additional service was alluded to in the most recent Goldman earnings call which took place last week. The new financial advisor service will most… Read More

October 22, 2018 @ 12:00 pm By Helena Murphy and Duncan Di Biase  |  

Boutique hotel trailblazer Mr & Mrs Smith had no regrets when it checked into the crowdfunding world and saw its £1 million investment target exceeded within the first day. The company, which has built a global membership of 1.5 million since husband-and-wife team Tamara and James Lohan launched… Read More

October 22, 2018 @ 9:39 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) is reporting that investors attending the Singapore FinTech Festival have committed to investing $12 billion into ASEAN firms over the next two years. The 380 investors plan to dedicate USD $6.2 billion over the next year and an additional… Read More

October 22, 2018 @ 9:15 am By Cali Haan  |  

Gal Vallerius, a dual French-Israeli citizen from the Brittany region of France, was sentenced to 20 years in prison earlier this month after pleading guilty to, “conspiracy to possess with the intent to distribute controlled substances and conspiracy to launder money,” court documents indicate. Mr Vallerius,… Read More

October 22, 2018 @ 3:00 am By JD Alois  |  

DESICO, a platform designed issue and trade tokenized securities that says it is in full compliance with the law, will issue its own security token offering (STO). The “DESI” tokens will be issued under EU law as DESICO is based in both Paris and Vilnius. DESICO… Read More

October 21, 2018 @ 8:58 pm By JD Alois  |  

LATTICE80, a Fintech Hub that migrated its headquarters from Singapore to London, reports it will open a new Fintech Hub in Hong Kong. Supported by the Marvelstone Group, LATTICE80 seeks to connect Fintech Startups, Financial Institutions & Corporates, Government Institutions and the Public to build… Read More

October 21, 2018 @ 8:32 pm By JD Alois  |  

Last week, Goldman Sachs (NYSE:GS) shared their 3rd quarter earnings report. Buried within the report was an update on Marcus, the digital bank and online lender that recently crossed the Atlantic setting up a beachhead in Europe by opening up in the UK in late September…. Read More

October 21, 2018 @ 3:04 pm By Samantha Hurst  |  

ABN AMRO announced on Friday it has teamed up with Port of Rotterdam and Samsung’s logistics and IT division, Samsung SDS, to launch a new container logistics blockchain pilot. According to the Dutch bank, this pilot will seek to use blockchain technology to build a platform for… Read More

October 21, 2018 @ 11:00 am By Max Lyadvinsky  |  

The blockchain has revolutionized a number of industries, but none so much as the financial sector. From equity crowdfunding platforms which allow users to buy shares in projects with tokens, to startups raising funds through initial coin offerings (ICOs), to token exchanges where users can… Read More

October 20, 2018 @ 7:48 pm By JD Alois  |  

Those high-flying initial coin offerings (ICOs) that launched in 2017 have lost their luster, according to a report by EY. The global consultancy firm has recently published a report that states in the first half of 2018, 86% of the leading ICOs that listed on… Read More

October 20, 2018 @ 9:41 am By Xu Gao  |  

Xiaomi Eyes Consumer Financing and B2B Lending in India Chinese smartphone giant Xiaomi plans to enter the consumer finance and business-to-business (B2B) loan market in India. Xiaomi has followed the Indian company law and established a non-bank financial institution “Xiaomi Financial Services India” to apply… Read More

October 20, 2018 @ 8:29 am By Therese Torris  |  

French peer to peer lender Unilend has gone into receivership. The P2P lender announced the news to all of its customers in a recent email. Founded in 2013 by Nicolas Lesur and François Prioux, Unilend pioneered P2P lending in France. It started operating, before crowdfunding… Read More

October 19, 2018 @ 12:19 pm By Cali Haan  |  

Rwandan government minister and CEO of the Rwandan Mining, Petroleum and Gas Board, Francis Gatare, says he has struck a deal with enterprise-blockchain developer Circulor to start tracking the country’s tantalum supply using Circulor’s version of Hyperledger Fabric. According to Gatare: “Rwanda Mines, Petroleum and Gas… Read More

October 19, 2018 @ 11:17 am By Aubrey Hansen   |  

The European Union does not need to seek out any problems for the moment, with the highly publicized ‘divorce’ from the UK taking place in the full media spotlight, but it’s easy to forget that, as things stand, the EU is also taking its approach… Read More