Global

July 29, 2019 @ 8:11 am By JD Alois  |  

Digital-only challenger bank Starling Bank has partnered with SumUp, a mobile point of sale Fintech, to provide small merchants with access to faster settlements. Starling Bank has created not only a digital bank offering but a digital marketplace where both businesses and individuals may access… Read More

July 29, 2019 @ 6:59 am By JD Alois  |  

Last week, peer to peer lender Viventor selected Andrius Bolšaitis as the new CEO of the online lender. In a release, the company said previous CEO Toms Niparts was departing the firm to start a new, unnamed company. Viventor, based in Riga, is a P2P… Read More

July 28, 2019 @ 10:44 pm By JD Alois  |  

The global Fintech build-out continues as investment continues at an accelerating pace and M&A is on track for all time highs. According to the quarterly Fintech report from FT Partners, Q2 2019 Fintech financing hit $10.9 billion – the second best quarter ever. M&As for… Read More

July 28, 2019 @ 6:00 pm By Andrés Abumohor  |  

B2B: 3 Opportunities for Fintech in Latin America Latin America’s Fintech industry is booming, with more than 1,166 Fintech startups creating more inclusive financial systems and boosting economic growth in the region. According to the recently published report Fintech in Latin America 2018: Growth and… Read More

July 27, 2019 @ 2:52 pm By Cali Haan  |  

Another alleged principle promoter of the failed $4 billion USD Bitconnect cryptocurrency Ponzi (now attempting resurrection) has been arrested in India, India Times reports. Rakesh Savani was arrested in the coast city of Sujat in northwest India last Friday. Authorities have also seized property and… Read More

July 27, 2019 @ 2:41 pm By Xu Gao  |  

Peoples Bank of China Releases Measures for Further Opening up the Financial Sector In order to implement the decisions and arrangements of the CPC Central Committee and the State Council on further advancing opening-up, and according to the principle of taking actions “faster rather than… Read More

July 26, 2019 @ 11:11 am By JD Alois  |  

International money transfer Fintech Paysend has closed an £8.5 million Series B funding round. The securities offering was combination VC/crowdfunding offer as GVA invested £3.95 million while smaller investors contributed £4.26 million via the Seedrs crowdfunding platform. The additional capital will be used to fuel… Read More

July 26, 2019 @ 3:23 am By Cali Haan  |  

The father, Bjørn Kjos, 73, is a wealthy airline industrialist in Norway and co-owner of Norwegian Air Shuttle, the largest airline in Scandinavia. Son, Lars Ola Kjos, 41, reportedly invested millions in Bitcoins last year and is now very crypto rich. Son-in-law Stig A. Kjos-Mathisen, 37,… Read More

July 26, 2019 @ 2:20 am By Cali Haan  |  

Justin Sun, founder of the cryptocurrency network TRON (known as ‘Wave Field’ in China), has apologized on Chinese social media for “vulgar” and “out of control” marketing of his lunch with famous value investor Warren Buffet, Bloomberg reports. “(I) would like to express my sincere… Read More

July 26, 2019 @ 1:13 am By Cali Haan  |  

On July 16, David Marcus, CEO of Facebook’s proposed currency project, Libra, told members of the U.S. Senate convened in a hearing that he expected the Swiss Federal Data Protection and Information Commissioner (FDPIC) to regulate financial privacy on Libra. The non-profit Libra Association is… Read More

July 25, 2019 @ 11:34 pm By Cali Haan  |  

A popular Dark Net market site called Nightmare has suffered a hack and is currently “under maintenance”- a common sign that a crypto-friendly underground site’s admins may be pulling exit scam, DarkNetStats reports. Nightmare administrators are insisting that users will have full access to their… Read More

July 25, 2019 @ 11:11 pm By Cali Haan  |  

Russian crypto media outlet Crypto.pro is reporting that Russian machinists and parliamentarians involved in weapons production and sales have advised Russian central bankers to develop a “stablecoin” cryptocurrency to allow Russia to sell weapons and military equipment to foreign customers without being encumbered by international… Read More

July 25, 2019 @ 11:09 pm By Cali Haan  |  

Palestine’s new Prime Minister, Mohammad Shtayyeh, says his government is developing a “digital and encrypted currency” to help it surmount economic obstacles imposed by Israel. “We are going to go to the digital and encrypted currency, and we will be the pioneers of everything. The occupation can… Read More

July 25, 2019 @ 2:50 pm By JD Alois  |  

Bitbond, a peer to peer lending platform that recently completed a security token offering for a bond-like security (BB1), has said the token is now tradable. In a tweet, Bitbond claimed the title of the first regulated EU security token to accomplish this feat. It… Read More

July 25, 2019 @ 11:30 am By JD Alois  |  

A security token offering backed by real estate has been launched by Property Token SA in Luxembourg. This is the first STO issuance in the Grand Duchy. The digital offering has been completed with the support of Tokeny Solutions, a law firm and consulting firm… Read More

July 25, 2019 @ 11:02 am By JD Alois  |  

The United Kingdom is host to the most robust securities crowdfunding market in the world. Issuers may raise as much money as they want online. Mostly, all types of investors may participate. There is a prospectus requirement kicks in at €8 million creating a significant… Read More

July 25, 2019 @ 8:51 am By Cali Haan  |  

Facebook has added the services of two lobbying firms specializing in financial services to its squad of existing lobbyists to try and curry favour for Libra, Facebook’s proposed cryptocurrency project, among regulators in Washington, Politico reports. According to to the outlet: “Facebook has also been… Read More

July 25, 2019 @ 8:26 am By JD Alois  |  

Phone House, a European electronics retailers and telecommunications providers, has formed a partnership with UTtrust, a cryptocurrency payment solution. UTrust, based in Switzerland, went live earlier this year when football club Benifica enlisted its services to accept cryptocurrency payments. Beginning next month, Phone House customers… Read More

July 24, 2019 @ 12:54 pm By JD Alois  |  

Switzerland is the world’s most-innovative country, according to an annual report published by the World Intellectual Property Organization (WIPO). Switzerland was ranked in the top spot year prior as well in the 2019 edition of the Global Innovation Index (GII). Following in 2nd and 3rd… Read More

July 24, 2019 @ 12:18 pm By JD Alois  |  

Digital bank Starling Bank says it has opened up its business account to many more UK small and medium-sized enterprises by inviting companies with more than one person of significant control (PSCs) to sign up. The Fintech said the move was made in response to… Read More