Global

September 27, 2019 @ 8:02 am By Omar Faridi  |  

The global Fintech market was valued at approximately $127 billion in 2018, and is projected to grow to around $310 billion at a 24.8% annual growth rate by 2022, according to a September 26 press release by the Business Research Company.  The rapidly evolving digital… Read More

September 27, 2019 @ 7:06 am By JD Alois  |  

Folk2Folk, a local-focused peer to peer lender providing financing to SMEs, has appointed Roy Warren as its new Managing Director. Warren has been filling the role on an interim basis for some time now. Simultaneously, the P2P lender added four new members to its Board… Read More

September 27, 2019 @ 2:36 am By Omar Faridi  |  

Sam Kazemian, an Iranian-American software engineer who is a co-founder of Everipedia, a for-profit wiki-based online encyclopedia, and founder of Frax (Decentral Bank), a new stablecoin which will be a decentralized currency pegged 1-to-1 to the US dollar.  Kazemian recently shared his views and insights… Read More

September 27, 2019 @ 1:58 am By Cali Haan  |  

SIX Group, the company behind Switzerland’s largest stock exchange, announced this week that it will not be launching its proposed DLT (distributed ledger technology) platform for “digital assets” until Q4 2020. The platform, designed to manage the issuing, trading, and settlement of digital tokens, was expected to… Read More

September 27, 2019 @ 12:31 am By JD Alois  |  

Small businesses are in urgent need of more government support if no-deal Brexit lands on October 321st, according to research from the UK Federation of Small Businesses (FSB). The clock is ticking and the UK still does not have a deal in hand. Meanwhile, it is… Read More

September 26, 2019 @ 7:45 pm By JD Alois  |  

Digital Assets are the Future of Securities It is a truism that digital assets are the future of public securities. The ink on paper certificates have had a good run but the digitization of finance is upon us and securities must be digitized. The advent… Read More

September 26, 2019 @ 6:04 pm By Omar Faridi  |  

Facebook’s stablecoin project Libra might solve some of the problems in the global payments industry, however, it could also create other types of issues that would have to be addressed by regulators, according to Benoit Coeure, a member of the executive board at the European… Read More

September 26, 2019 @ 2:57 pm By Omar Faridi  |  

Facebook CEO Mark Zuckerberg has not committed to Libra’s planned launch next year. In an interview with Nikkei Asian Review on September 26, Zuckerberg was asked about the expected launch date of Facebook’s controversial Libra cryptocurrency. “Obviously we want to move forward at some point… Read More

September 26, 2019 @ 8:19 am By Samantha Hurst  |  

Global cryptocurrency platform Liquid announced on Thursday the launch of its first Initial Exchange Offering (IEO) by a Nasdaq-listed company, Phunware, Inc (NASDAQ: PHUN), a fully-integrated enterprise cloud platform for mobile. According to Liquid, Phun seeks to empower consumers and ensure they are fairly compensated for… Read More

September 26, 2019 @ 2:56 am By JD Alois  |  

Dr. Zhou Xiaochuan, President, China Society for Finance and Banking, and former Governor, People’s Bank of China, addressed a closed-door audience today in an event sponsored by the Monetary Authority of Singapore (MAS). The topic of Dr. Xiaochuan’s speech was “Fintech development and its interaction… Read More

September 26, 2019 @ 1:04 am By JD Alois  |  

Online lender Kreditech has raised €20 million in its latest funding round, according to a note from the company. Apparently, the additional capital will help the Fintech scale globally in its goal to provide credit to near-prime customers. The funding was co-led by Runa Capital… Read More

September 25, 2019 @ 2:45 am By Omar Faridi  |  

Cryptocurrency holdings are not considered cash, however, they may be classified as an intangible asset, according to the Korea Accounting Institute, which referenced decisions made following a conference in London (in June) by the International Financial Reporting Interpretations Committee (IFRIC). London-headquartered IFRIC, a global accounting… Read More

September 25, 2019 @ 1:41 am By Omar Faridi  |  

Binance, reportedly the world’s largest cryptocurrency exchange by adjusted trading volume, revealed that it has been granted an information security accreditation after adhering to standards outlined by the International Organization for Standardization (ISO). In order to satisfy the internationally recognized ISO/IEC 27001 standard, Binance’s management… Read More

September 24, 2019 @ 9:58 pm By JD Alois  |  

While the political chatter in the US is clearly anti-Libra and both France and Germany have expressed their disfavor for Facebook’s stablecoin, Heath Behncke, a founder of the Australian consortium’s bid for Libra Association membership, claims there is strengthening support for Libra. Behncke has recently… Read More

September 24, 2019 @ 5:07 pm By Omar Faridi  |  

We recently caught up with Tom Maxon, head of US operations for CoolBitX, a Taipei-based company focused on developing solutions that support the Bitcoin protocol.  Maxon, a postgraduate from University of California, Berkely, regularly engages in global and domestic regulatory consultations with the Financial Action… Read More

September 24, 2019 @ 3:49 pm By Cali Haan  |  

Things took a strange turn last night after news broke that Kik, creator of a messaging app for teens also called Kik, has been executing layoffs in Israel and plans to shutdown the app. First, following news of the layoffs, Kik CEO Ted Livingston confirmed… Read More

September 24, 2019 @ 1:41 pm By JD Alois  |  

Funding Circle (LSE:FCH), a leading peer to peer (marketplace) lending platform serving SMEs, has posted a comment letter regarding the Securities and Exchange Commission (SECs) concept release on regulatory harmonization. Funding Circle is the largest peer to peer lender in the UK – the country… Read More

September 24, 2019 @ 12:45 pm By Omar Faridi  |  

Fundbox, a B2B payments and credit network developed to enhance B2B commerce at scale, announced on September 24 that it has raised $176 million in growth equity funding through its Series C investment round. According to a press release shared with Crowdfund Insider, the company… Read More

September 24, 2019 @ 11:43 am By Samantha Hurst  |  

Global payables platform Tipalti announced on Tuesday it secured an additional $76 million through its Series D funding round, which was led by Zeev Ventures with participation from 01 Advisors (a fund founded by Twitter’s former CEO and COO) and Greenspring Associates. Tipalti reported it… Read More

September 24, 2019 @ 11:04 am By JD Alois  |  

Digital asset issuance and management platform Securitize has raised $14 million in a funding round led by three big multinational banks: Banco Santander (InnoVentures), MUFG (Mitsubishi’s VC arm) and Nomura Holdings. The investment is a solid recognition of the growing relevance of digitization of securities… Read More