Global

May 19, 2019 @ 5:24 pm By JD Alois  |  

The Securities Commission Malaysia (SC) has updated crowdfunding rules to better fit the emerging market of online capital formation while announcing the approval of multiple new platforms targeting different sectors of digital finance. During a routable organized by the SC which included the participation of… Read More

May 18, 2019 @ 11:30 am By JD Alois  |  

The Certua Group, a deep data company targeting financial services, has acquired Insurtech the Surely Group. Surely provides a cloud-based, multi-lingual and multi-currency Software-as-a-Service (SaaS) product that allows a user to obtain a quote for an insurance product, buy the product and manage the product… Read More

May 18, 2019 @ 10:43 am By JD Alois  |  

Digital bank Revolut has grand plans to expand its services around the world. Based in the UK, the Fintech now serves over 4 million customers in the European Economic Area (EEA), Switzerland, and Australia. A Fintech Unicorn, Revolut has not been shy about its intent… Read More

May 18, 2019 @ 9:30 am By Cali Haan  |  

Liquidating New Zealand crypto exchange Cryptopia has announced that it has halted trading and frozen customer assets and balances, “In order to… get an accurate picture of the current situation.” Accordingly, no withdrawals of fiat or crypto will be permitted by the exchange until, “…an… Read More

May 17, 2019 @ 10:43 am By JD Alois  |  

Bitcoin has reversed its recent bull run to a new 12 month high of around USD $8000 to now hovering just above USD $7000. The gut churning reversal is being blamed by some as being caused by a huge sell order accepted and executed on… Read More

May 17, 2019 @ 8:54 am By JD Alois  |  

France is becoming a hotbed of crypto innovation. The French government will soon finalize law that will create a regulated path for initial coin offerings that issue utility tokens (ie not securities).  Policy movement like this is only possible with the explicit support of public… Read More

May 17, 2019 @ 7:53 am By JD Alois  |  

Billon Solutions, a subsidiary of Billon Group in the UK, has signed a cooperation agreement with the Center for Research on Legal Aspects of Blockchain Technology, operating at the Faculty of Law and Administration of the University of Warsaw. According to Billon, the agreement will… Read More

May 17, 2019 @ 7:13 am By JD Alois  |  

Competition for Robo Advisors Raisin, a Fintech that provides better access to higher interest rates for savers, is expanding the line of its services with a new product that will make investing easier for everyone. First starting on Weltsparen, Raisin’s platform serving Germany, the company… Read More

May 17, 2019 @ 2:03 am By JD Alois  |  

Swarm, an infrastructure provider for the issuance and trading of digital assets, has decided to use Copper as its preferred digital asset custodian. In a release, Swarm said the integration of Copper’s solution will provide the institutional grade security fundamental to the mass market trading… Read More

May 17, 2019 @ 1:50 am By JD Alois  |  

illimity, a banking start-up listed on Borsa Italiana’s MTA exchange, has formed a partnership with Raisin, Fintech marketplace for online savings and investments in Europe. illiminity is a “new generation Italian bank” formed by the merger between SPAXS and Inter-provincial Bank. It plans to reach… Read More

May 16, 2019 @ 11:26 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled a Fintech Forum to take place at the end of this month at their headquarters in Washington, DC. Blockchain and digital assets will be the main topic of discussion. But while interest in the event, which will… Read More

May 16, 2019 @ 10:39 am By JD Alois  |  

MultiVu, a tech company creating 3D imaging solutions, has closed on a $7 million seed round led by OurCrowd – Israel’s most active venture investor. OurCrowd was joined by Cardumen Capital and Hong Kong-based investment firm Junson Capital. MultiVu said it intends to use the… Read More

May 16, 2019 @ 10:25 am By JD Alois  |  

Australian Fintech Prospa has announced its intent to complete an initial public offering (IPO) on the ASX on June 11, 2019. Prospa was founded by Greg Moshal and Beau Bertoli in 2012 with seed funding from Entrée Capital. The online lender originated its first loan… Read More

May 16, 2019 @ 8:21 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has long pursued and promoted beneficial Fintech innovation. One very important, and perhaps underappreciated subcategory of Fintech is Regtech or regulation technology. While some jurisdictions have been slow to research the potential for digital regulation and compliance, the FCA… Read More

May 16, 2019 @ 7:18 am By Cali Haan  |  

Cryptopia, a New Zealand-based cryptocurrency trading platform that, in February, watched helplessly for days as hackers drained an estimated $16 million USD in cryptocurrency tokens from exchange coffers, has gone into liquidation. According to business advisory firm Grant Thornton New Zealand, which is overseeing the liquidation:… Read More

May 15, 2019 @ 11:31 am By Samantha Hurst  |  

Cryptocurrency exchange Coinbase announced on Tuesday it was officially expanding USDC crypto trading globally. Coinbase reported it now supports more than 100 countries, adding trading between cryptocurrencies to 50 new countries, and USDC stablecoin crypto trading now available in 85 countries. “Stablecoins like USDC have… Read More

May 15, 2019 @ 5:35 am By JD Alois  |  

FintechOS, an early stage company that seeks to accelerate the digital transformation of financial institutions, has raised €1.1 million in a post-seed round. The funding was led by GapMinder VC, with the participation of LAUNCHub Ventures, Gecad Ventures, and other private investors. Total funding to… Read More

May 14, 2019 @ 6:00 pm By Barry James  |  

G8’s AML Body FATF Seeks Killing Crackdown on Crypto Exchanges and Tokens of All Types Crypto exchanges of all types and similar services (virtual asset service providers or ‘VASPs’) should be absorbed by traditional banks or disappear altogether. This seems to be the view of… Read More

May 14, 2019 @ 3:12 pm By JD Alois  |  

CapitalRise, a lender for prime residential developers, has secured a £30 million institutional funding line from an unnamed “major financial institution.” The additional capital will help fuel the loan book growth funding prime residential developers. CapitalRise reports that, to date, it has lent £300 million…. Read More

May 14, 2019 @ 10:10 am By JD Alois  |  

creditshelf Aktiengesellschaft (CSQ.F), a Fintech marketplace for small and medium-sized enterprises (SMEs) in Germany, has held its first annual general meeting in Frankfurt am Main following its IPO in July 2018. The company reports solid shareholder participation as 52.16 % of share capital was represented… Read More