Global

October 25, 2018 @ 8:42 am By Erin Hobey  |  

Paytm Payments Bank has been in flux since this past summer when the Reserve Bank of India (RBI) put the kibosh on the platform’s plans to  onboard new customers; as indicated on its website: “Paytm Payments Bank Limited has been prohibited by Reserve Bank of… Read More

October 25, 2018 @ 4:22 am By JD Alois  |  

Mobile payments and loyalty platform Yoyo has secured $30 million in a partnership agreement from Twitter and Coinbase investor Hard Yaka, according to a note from the firm.  As part of the agreement, Yoyo will integrate its “omni-channel commerce API” with Hard Yaka’s global user identification platform… Read More

October 25, 2018 @ 3:25 am By JD Alois  |  

The UK Department for International Trade has announced a series of new agreements with the Netherlands designed to boost closer collaboration with the Netherlands. The announcement coincided with a Dutch State Visit which took place on October 24th. Several of the deals included Fintech deals…. Read More

October 25, 2018 @ 3:03 am By JD Alois  |  

Abundance, a peer-to-peer “ethical investment platform,” is looking to raise growth capital on crowdfunding platform Seedrs. According to a note from Abundance, the equity raise aims to “increase customer ownership and boost positive impact.” Pre-registered investors have already committed to 50% of the target of… Read More

October 25, 2018 @ 12:43 am By Cali Haan  |  

After spending $700 000 Australian dollars investigating the industrial potential of blockchain, Australia’s Digital Transformation Agency (DTA) has determined that current versions of the tech are “interesting” but in no way better than other systems, ZDNet reports. DTA Chief Digital Officer Peter Alexander reportedly told Senate… Read More

October 24, 2018 @ 11:21 pm By Cali Haan  |  

Reserve Bank of Australia Assistant Governor Michelle Bullock told audiences at the Sibos Conference in Sydney this week that she does not believe Australia and other central banks have any reason to create a national digital currency settled on blockchain, Financial Review (FN) reports. Sibos is… Read More

October 24, 2018 @ 9:48 am By Cali Haan  |  

Makaveli Linden (formerly Christian Bo Linden), 20, a suspect wanted for the murder of cryptocurrency trader Heikki Bjørklund Paltto, 24, was arrested Tuesday at 16:45 in Dijon, France, Aftonbladet reports. Dijon is a city in eastern France about 1700 kilometres from Oslo, where the murder took place…. Read More

October 24, 2018 @ 8:55 am By JD Alois  |  

Neufund, a leading Germany-based Fintech startup and security token issuance platform, published an open letter to the German Bundestag today. The letter was in response to a recent court ruling in Germany that determined Bitcoin was not a financial instrument. The case centered around a… Read More

October 24, 2018 @ 8:09 am By Cali Haan  |  

As part of its efforts to capture tax dollars and curtail fraud and tax amnesties, the government of Spain has passed new anti-fraud laws requiring the mandatory declaration of cryptocurrency holdings and the documentation of all “operations” involving them, ABC Economy reports. Minister of Finance,… Read More

October 23, 2018 @ 8:48 am By Cali Haan  |  

Local news agency Arka has announced that a large crypto mining facility has opened in the Armenian capital of Yerevan. The facility, the country’s first, currently hosts 3000 machines mining Bitcoins and ether, but will one day host 120 000 machines, its creators believe. According… Read More

October 23, 2018 @ 8:30 am By Samantha Hurst  |  

KPMG Fintech, along with fintech investment firm H2, announced on Tuesday the release of the 2018 Fintech100, which highlights dynamic fintech firms around the world that are “transforming” the financial industry. The list includes fintechs from a range of industries, including digital payments, lending, insurtech,… Read More

October 23, 2018 @ 3:58 am By Erin Hobey  |  

It’s been an exciting week for UK fintecher Tandem. The platform launched its second credit product, Journey Credit Card, introduced auto-saving rules and the ability block card purchases in real time sans a formal cancelation process. Tandem has said that it is planning a growing range of in-app features that offer… Read More

October 23, 2018 @ 1:15 am By Cali Haan  |  

The Financial Action Task Force (FATF), a Paris-based inter-governmental body “representing most major financial centres in all parts of the globe” and tasked with establishing anti-money laundering (AML) and anti-terrorist financing (CFT) standards worldwide has stated in an October 19th release: “There is an urgent need for… Read More

October 23, 2018 @ 1:10 am By JD Alois  |  

Hong Kong based Fintech Neat has received USD $3 million in funding led by China-based VC firm Linear Capital. Neat is a bank alternative and claims to already have customers in more than 100 countries, delivering a fully digital alternative to a traditional bank account. Neat… Read More

October 22, 2018 @ 3:32 pm By Cali Haan  |  

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by volume and registered customers fired “at least” 20 employees at the start of last week, Portal do Bitcoin reports. Four employees spoke to the publication on the condition of anonymity. They said executives were fired on Monday, and… Read More

October 22, 2018 @ 1:27 pm By JD Alois  |  

As we predicted just yesterday, Goldman Sachs will move into the wealth management space, according to a note by CNBC. The additional service was alluded to in the most recent Goldman earnings call which took place last week. The new financial advisor service will most… Read More

October 22, 2018 @ 12:00 pm By Helena Murphy and Duncan Di Biase  |  

Boutique hotel trailblazer Mr & Mrs Smith had no regrets when it checked into the crowdfunding world and saw its £1 million investment target exceeded within the first day. The company, which has built a global membership of 1.5 million since husband-and-wife team Tamara and James Lohan launched… Read More

October 22, 2018 @ 9:39 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) is reporting that investors attending the Singapore FinTech Festival have committed to investing $12 billion into ASEAN firms over the next two years. The 380 investors plan to dedicate USD $6.2 billion over the next year and an additional… Read More

October 22, 2018 @ 9:15 am By Cali Haan  |  

Gal Vallerius, a dual French-Israeli citizen from the Brittany region of France, was sentenced to 20 years in prison earlier this month after pleading guilty to, “conspiracy to possess with the intent to distribute controlled substances and conspiracy to launder money,” court documents indicate. Mr Vallerius,… Read More

October 22, 2018 @ 3:00 am By JD Alois  |  

DESICO, a platform designed issue and trade tokenized securities that says it is in full compliance with the law, will issue its own security token offering (STO). The “DESI” tokens will be issued under EU law as DESICO is based in both Paris and Vilnius. DESICO… Read More