Global

August 29, 2019 @ 7:30 am By JD Alois  |  

MERJ Exchange, the national stock exchange of Seychelles, will partner with Globacap, a capital markets platform for digital securities, to offer tokenized assets to EU and UK investors. Globacap is regulated by the UK Financial Conduct Authority (FCA). MERJ will be offering securities in its… Read More

August 29, 2019 @ 1:33 am By Cali Haan  |  

After kicking up an unprecedented uproar from global regulators, Facebook appears to be pressing on full steam with development of Libra, the company’s proposed global cryptocurrency network. Facebook has now announced a “bug bounty” program that “reflects the Libra Association’s principles of openness, transparency, and global… Read More

August 28, 2019 @ 5:30 pm By JD Alois  |  

Within the Fintech industry, there is a lot of movement in the banking sector. The conventional wisdom is that old banks are over-burdened with far too many branches that consumers want to avoid and challenged with green screen technology that IT Directors live in fear… Read More

August 28, 2019 @ 2:32 pm By Dr. Zvi Gabbay  |  

Colu Group Offers to Buy Back ALL Tokens Issued in ICO The key role and responsibility of financial regulators is to identify and correct market deficiencies that have an adverse effect on investors and end-clients. For this reason, regulators are especially sensitive to corporate conduct… Read More

August 28, 2019 @ 1:48 pm By JD Alois  |  

Insurtech Inshur has added $1.5 million to its Series A round. According to a note from the company, Viola FinTech, a cross-stage VC fund that invests in global Fintech companies provided the additional capital. As Crowdfund Insider reported earlier this year, Inshur raised approximately $7… Read More

August 28, 2019 @ 1:34 pm By Cali Haan  |  

A judge in Southwark, England, has seized $900 000 in Bitcoins from confessed prolific hacker Grant West, 27, once described as a “one-man cybercrime wave,” The Guardian reports. The judge reportedly warned West that he would face an additional four years in prison if he… Read More

August 28, 2019 @ 8:55 am By Cali Haan  |  

The world’s second-largest cryptocurrency network after Bitcoin, Ethereum, is close to capacity as scaling solutions remain unrealized and other coins rent space on the chain. Ethereum came close to capacity once before, in 2017, when there was a brief craze for the “digital collectible” KryptoKitties…. Read More

August 28, 2019 @ 7:34 am By JD Alois  |  

Money transfer Fintech Azimo says it has reached profitability, according to a release. Azimo apparently turned the corner in Q2 of this year. Azimo states that has grown 60% year over year as of the end of June. The growth was fueled in part by… Read More

August 28, 2019 @ 7:11 am By Cali Haan  |  

Lawmakers across the globe have been coming down hard on Facebook for Libra, the company’s proposed global cryptocurrency network, but there has been comparatively little official uproar about Telegram’s promised Telegram Open Network (TON) blockchain and associated token, GRAM. Perhaps this is because Telegram, with… Read More

August 27, 2019 @ 10:18 am By JD Alois  |  

The UK has maintained a leadership role in the global Fintech realm for years. Boosted by a supportive government, a regulatory regime that encourages innovation and competition and a robust startup ecosystem, the UK has led the rest of the world when it comes to… Read More

August 27, 2019 @ 8:03 am By Damien Guermonprez  |  

Ten years after the financial crisis, Alternative Finance continues to exhibit strong growth. The sector is estimated to account for nearly €300 billion of inflows worldwide, a market exhibiting 25% annual growth and largely dominated by the Chinese (75%), which percentage was already recorded in… Read More

August 27, 2019 @ 7:56 am By JD Alois  |  

Raisin, a Fintech that provides an online marketplace for savers seeking better returns, has acquired fairr a retirement savings Fintech. Both companies are headquartered in Germany. The acquisition by Raisin comes following a recent funding round of €25 million from Goldman Sachs. The terms of… Read More

August 27, 2019 @ 7:08 am By Cali Haan  |  

A problem with Amazon Web Services caused, “some 500 error messages on APIs and affecting some withdrawal processing,” at Binance, the exchange’s CEO claimed on Twitter Friday. Amazon Web Services (AWS)  is a cloud-computing platform and subsidiary of Amazon. Individuals, companies and governments use the… Read More

August 26, 2019 @ 1:17 pm By Cali Haan  |  

Bank of England governor Mark Carney has proposed the creation of a global digital currency as a way to stabilizing global financial systems being disturbed by trade and currency wars. The proposal was delivered during a speech at the US Federal Reserve sponsored Jackson Hole… Read More

August 26, 2019 @ 9:45 am By JD Alois  |  

The Swiss Financial Markets Authority (FINMA) has approved SEBA Crypto AG for a banking and securities license. SEBA joins Sygnum in becoming the first digital asset platforms to receive such a license. As with Sygnum, the license is provisional and will become finalized once SEBA… Read More

August 26, 2019 @ 9:30 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has published guidance as to the application of regulatory requirements for payments on the blockchain for financial services providers under FINMA supervision. Specifically, the guidance addresses anti-money laundering (AML) and know your customer (KYC) rules. In a release,… Read More

August 26, 2019 @ 8:52 am By JD Alois  |  

Digital asset platform Sygnum has received a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA). The Zurich, Switzerland based Fintech reports this is the first time a digital asset specialist has received the license from FINMA – joining SEBA who… Read More

August 26, 2019 @ 8:20 am By JD Alois  |  

ZhongAn Online (6060:HK), a Honk Kong-listed Insurtech, has reported a profit for the first 6 months of 2019 – the first time in the company’s history, according to a company release. As of 30 June 2019, ZhongAn Online said it provided services to 348 million… Read More

August 25, 2019 @ 11:39 am By JD Alois  |  

Congresswoman Maxine Waters, the Chairwoman of the influential House Financial Services Committee, has issued a statement on her Bipartisan trip to Switzerland to learn more about Facebook’s plan to launch a stablecoin dubbed Libra. Facebook has incorporated Libra in the crypto-friendly jurisdiction of Switzerland like… Read More

August 24, 2019 @ 12:00 pm By Xu Gao  |  

People’s Bank of China issues “Fintech Development Plan (2019-2021)” On August 22nd, the People’s Bank of China issued a three-year development plan for the country’s emerging Fintech industry. According to the plan, China will improve the top-down design of the Fintech industry, further boost the… Read More