Global

November 6, 2019 @ 1:03 am By JD Alois  |  

Crowdcube, the UK’s largest crowdfunding platform by total funded, has tallied its 1000th raise, according to a report from the company. Luke Lang, Crowdcube’s co-founder and CMO, stated: “Reaching our 1000th raise shows how committed communities are backing trail-blazing businesses in greater numbers than ever… Read More

November 6, 2019 @ 12:30 am By Cali Haan  |  

A ransomware attack that disabled government communications systems in the northern Canadian territory of Nunavut November 2nd is part of a pattern of attacks being launched against non-US targets, cybersecurity firm Emsisoft claims. The company says ransomware attacks are increasingly being directed at municipalities, hospitals and… Read More

November 5, 2019 @ 9:48 pm By Omar Faridi  |  

London-based Freetrade, a challenger stockbroker that provides free share trading in smartphones, recently closed a €13.4 million (appr. $14.9 million) series A funding round in which it received investments from its first capital investor. This past summer, Freetrade closed a crowdfunding round on Crowdcube raising… Read More

November 5, 2019 @ 1:00 pm By JD Alois  |  

Last month, Crowdfund Insider reported on comments by EC Vice President Valdis Dombrovskis, a Commissioner whose portfolio includes Financial Stability, Financial Services, and the Capital Markets Union, indicating harmonized crowdfunding rules may be forthcoming before the end of the year. In a tweet, Dombrovskis stated… Read More

November 5, 2019 @ 9:16 am By JD Alois  |  

The Token Taxonomy Initiative has released the Token Taxonomy Framework (TTF) V 1.0. The Framework is designed to standardized tokenization including the issuance of securities. According to the initiative, users of the TTF can create a new type of token from a set of “reusable,… Read More

November 5, 2019 @ 8:57 am By JD Alois  |  

Kapital Boost, an Islamic peer-to-peer crowdfunding platform for SMEs, has received regulatory approval from the Indonesian Financial Services Authority (OJK). Kapital Boost described the approval as “validation that its business model and processes are in accordance with Indonesia’s financial services regulatory requirements, which has gotten… Read More

November 5, 2019 @ 8:08 am By JD Alois  |  

Falkensteiner Hotels & Residences has raised approximately €13.2 million via Finnest, according to a release. Falkensteiner is claiming the amount as a record. The FMTG Group or, “Falkensteiner Michaeler Tourism Group,” is a leading Central European provider and developer of tourism products and services. The… Read More

November 5, 2019 @ 7:24 am By Omar Faridi  |  

Saudi Arabia-based Riyad Bank, one of the largest financial institutions in the Middle Eastern Kingdom, has decided to invest SAR 100 million (appr. $26.7 million) into its newly-launched Fintech startup investment program. Riyad Bank says it’s planning to accelerate the launch of new financial products… Read More

November 5, 2019 @ 7:05 am By Omar Faridi  |  

London-based Curve, an “over the top” banking service that consolidates all bank-issued cards into a single smart card and app, has integrated Samsung Pay for UK-based clients, according to a company release. Adding support for the new payment system makes it easier for Samsung smartphone… Read More

November 5, 2019 @ 5:11 am By JD Alois  |  

creditshelf Aktiengesellschaft, a Fintech providing access to capital for SMEs, is opening a physical branch in Munich. While many Fintechs are focusing on less real estate, creditshelf believes a localized office can help expand its services. Jan Stechele, Head of Product Management, Head of Business… Read More

November 5, 2019 @ 4:10 am By Omar Faridi  |  

Madrid-based Banco Santander (Santander Group), a multinational commercial bank and financial services company, will be acquiring a 50.1% stake in Ebury for £350 million (appr. $450.9 million). Ebury is a London-based Fintech firm that offers corporate banking services to small and medium-sized enterprises (SMEs) that… Read More

November 5, 2019 @ 2:47 am By JD Alois  |  

Last month, the Association for Financial Markets in Europe (AFME), issued a report on the Capital Markets Union and progress in achieving the European Union’s goal. The AFME report, the second of its kind, post various KPIs or Key Performance Indicators. One of the areas… Read More

November 5, 2019 @ 1:29 am By JD Alois  |  

æternity, an open-source blockchain, has partnered with Microsoft Innovation Center (MIC) to support the growth of blockchain technology in Malta, according to a release. æternity’s investment arm, AE Ventures, and Microsoft are expected to host frequent blockchain events in Malta. Malta, a member of the… Read More

November 4, 2019 @ 11:16 pm By Omar Faridi  |  

Singapore-based DBS Bank, which provides services in consumer, SME, and corporate banking activities, has created a hybrid human-robo investment platform that can be accessed by its clients in Singapore. DigiPortfolio has been designed for new investors. The new investment service provides access to seven exchange-traded-funds… Read More

November 4, 2019 @ 2:28 pm By Omar Faridi  |  

The Shanghai branch of the People’s Bank of China (PBoC), the nation’s central bank, has released 40 new measures that have been created mainly to support Fintech development in the city, which is one of the four municipalities in the country. PBoC’s latest measures will… Read More

November 4, 2019 @ 11:15 am By JD Alois  |  

The International Organization of Securities Commissions (IOSCO) has issued a statement on stablecoins. The concept of stablecoins has endured increasing regulatory scrutiny following the announcement by Facebook that it intends to issue Libra – a stablecoin expected to be backed by fiat currency and other… Read More

November 4, 2019 @ 9:34 am By JD Alois  |  

Fundament Securities, the issuer of the first regulated Real Estate Security Token offer in Germany, will provide institutional-grade custody solution for its digital assets in a new partnership with DACS “Digital Asset Custody Solution” a digital asset lifecycle management business. Fundament Group is a Berlin-based end-to-end… Read More

November 4, 2019 @ 7:30 am By Omar Faridi  |  

Sydney-based Westpac, one of Australia’s first banks and first companies, is reportedly planning to introduce a new digital banking platform in order to attract younger clients that may otherwise prefer opening accounts at neo banks. Westpac’s decision to launch a new digital brand was announced… Read More

November 4, 2019 @ 7:05 am By Omar Faridi  |  

Her Majesty’s Revenue and Customs (HMRC), the UK’s tax, payments, and customs agency, has made changes to its crypto-asset taxation framework for local firms and individuals. HMRC, which creates tax guidelines and various other financial policies, published tax guidance updates that aim to clarify the… Read More

November 4, 2019 @ 1:22 am By Omar Faridi  |  

London-based TotallyMoney, a Fintech firm that helps its clients make better financial decisions by putting them right at the center of their credit data, has reportedly raised £5 million (appr. $6.5 million) from Silicon Valley Bank (SVB). TotallyMoney’s management says it aims to make financial… Read More