Global

June 10, 2019 @ 7:49 am By JD Alois  |  

The UK FinTech Alliance has officially launched reporting over 500 companies and individuals have already signed up to join as members. Created in partnership with the Department for International Trade (DIT), the FinTech Alliance seeks to strengthen the UK’s Fintech ecosystem in a single location…. Read More

June 10, 2019 @ 7:17 am By JD Alois  |  

Fintech Paysend has quickly topped its £4.2 million target for a crowdfunding round on Seedrs. Launched on June 6, Paysend benefited from a private offering for pre-registered customers. To date, 217 investors have participated in the round which remains open on Seedrs. The round was… Read More

June 10, 2019 @ 1:03 am By JD Alois  |  

Last week, the UK Financial Conduct Authority (FCA) updated the regulatory regime managing the peer to peer lending industry. Overall, the P2P sector saw more rules that increased oversight including a cap on retail investment. Initial comments regarding the rules have been mixed with some… Read More

June 9, 2019 @ 4:00 pm By Katie Griffing  |  

3 Fintech Trends to Watch in Latin America Latin America is one of the fastest-growing regions in the world for mobile usage. In fact, the region ranks third for smartphone adoption globally, behind North America and Europe In 2017, the percentage of the Latin American… Read More

June 8, 2019 @ 5:40 pm By JD Alois  |  

Invest Hong Kong Appoints New Head of Fintech King Leung has been appointed Head of Fintech at InvestHK which took effect in early May. Leung will lead a specialist Fintech team with the objective of attracting top innovativeFfintech companies, entrepreneurs, investors, accelerators and R&D institutions… Read More

June 8, 2019 @ 4:54 pm By JD Alois  |  

Insurtech Lemonade is going public. This is according to multiple reports indicating the early stage insurance company is going public at an approximate $2 billion valuation. Lemonade last raised capital in April with a $300 million round led by Softbank. Lemonade may seek up to… Read More

June 8, 2019 @ 12:38 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) CEO David Salomon reportedly told an audience last week that his company is getting zero credit for its digital bank startup Marcus. “If we were out in Silicon Valley and made 20% of the progress that we’ve made, we would get a… Read More

June 8, 2019 @ 9:03 am By JD Alois  |  

The Securities Commission Malaysia (SC) has approved three digital asset exchanges as “Recognized Market Operators” (RMOs) to establish and operate digital asset exchanges (DAX) in Malaysia. Malaysia is known for its support of Fintech innovation in general and recently updated online capital formation rules to… Read More

June 8, 2019 @ 8:45 am By Cali Haan  |  

Details emerging about a proposed bill to ban cryptocurrencies indicate that things have gone from bad to worse for the cryptocurrency sector in India. According to Bloomberg Quint, if passed, new proposed legislation to cover the crypto sector will impose 10-year sentences on individuals possessing,… Read More

June 8, 2019 @ 8:38 am By Cali Haan  |  

Igor Sechin, head of Rosneft, Russia’s state oil company and reported second-in-command to Russian President Vladimir Putin, told colleagues in St Petersburg this week that the creation of a “Facebook  Global Coin” cryptocurrency could signal American tech companies’ ominous intention to start moving into oil… Read More

June 7, 2019 @ 3:41 pm By Cali Haan  |  

Lawyers for Dutch billionaire and media tycoon John De Mol filed a lawsuit against Facebook this week claiming the platform allowed his image to be used without permission to promote cryptocurrencies, Reuters reports. De Mol’s lawyers also claimed that, even after Facebook was informed of the… Read More

June 7, 2019 @ 1:22 pm By JD Alois  |  

The FinTech Alliance has announced a partnership with Delio to power funding for startups directly through its platform. The FinTech Alliance was announced by the UK government in April. Officially, the platform kicks off next week at the beginning of London Tech Week. The FinTech… Read More

June 7, 2019 @ 11:18 am By JD Alois  |  

The Financial Stability Board (FSB) is out with a report on Fintech/distributed ledger technology. Entitled Decentralised Financial Technologies, the document reviews the impact of “decentralization” (IE blockchain and other forms of Fintech) on global financial stability and international regulatory environment. The report is being delivered… Read More

June 7, 2019 @ 8:21 am By JD Alois  |  

Announced in April by the UK Chancellor of the Exchequer Philip Hammond, the FinTech Alliance will officially launch next week at an event in London. A gathering is scheduled to take place on June 10th at the start of London Tech Week. A private party… Read More

June 7, 2019 @ 3:06 am By JD Alois  |  

Fintechs Raisin and Yolt have formed a new partnership. Yolt is a “smart thinking money app” claiming more than 900,000 registered users. Raisin is a savings marketplace that enables users to capture higher returns on their parked cash without geographical constraints. Raisin will now provide… Read More

June 7, 2019 @ 1:46 am By Cali Haan  |  

Leaders from the 20 most powerful economies in the world may discuss creating a global regulatory framework for “crypto assets” at their forthcoming meeting in Osaka in June (G20 2019 Japan), and “Virtual Asset Service Providers” (VASPSs) are holding their own concurrent meeting (V20), “…to deliver… Read More

June 7, 2019 @ 12:05 am By JD Alois  |  

The Algorand Foundation has announced its Dutch Auction will take place on June 19th. The Foundation said this will be the first of a series of auctions for the Algo the native token of the Algorand platform. The Algorand Foundation has a vision of a… Read More

June 6, 2019 @ 11:36 pm By Cali Haan  |  

Tax officials from Australia, the US, Britain, the Netherlands, and Canada have formed a “J5” collaborative group now investigating 60 “lines of inquiry” regarding international tax evasion using cryptocurrencies, The Sydney Morning Herald (SMH) reports. “The J5 was formed a year ago because of growing concern… Read More

June 6, 2019 @ 11:32 pm By JD Alois  |  

Online lender Younited Credit has completed its first public securitization transaction: Youni 2019-1, listed on Euronext, Paris. Youni 2019-1 is the first public securitization carried out by a Fintech in continental Europe. Younited Credit claims to be the first Fintech in the world to earn,… Read More

June 6, 2019 @ 10:00 pm By Cali Haan  |  

Following the forced closure last week of Bestmixer.io, another cryptocurrency mixing service, Bitcoin Blender, has voluntarily left the fray, Bleeping Computer reports. The service reportedly shut down quickly this week after posting a short announcement on its Tor-hosted website ordering customers to withdraw their funds…. Read More