Global

October 21, 2018 @ 8:58 pm By JD Alois  |  

LATTICE80, a Fintech Hub that migrated its headquarters from Singapore to London, reports it will open a new Fintech Hub in Hong Kong. Supported by the Marvelstone Group, LATTICE80 seeks to connect Fintech Startups, Financial Institutions & Corporates, Government Institutions and the Public to build… Read More

October 21, 2018 @ 8:32 pm By JD Alois  |  

Last week, Goldman Sachs (NYSE:GS) shared their 3rd quarter earnings report. Buried within the report was an update on Marcus, the digital bank and online lender that recently crossed the Atlantic setting up a beachhead in Europe by opening up in the UK in late September…. Read More

October 21, 2018 @ 3:04 pm By Samantha Hurst  |  

ABN AMRO announced on Friday it has teamed up with Port of Rotterdam and Samsung’s logistics and IT division, Samsung SDS, to launch a new container logistics blockchain pilot. According to the Dutch bank, this pilot will seek to use blockchain technology to build a platform for… Read More

October 21, 2018 @ 11:00 am By Max Lyadvinsky  |  

The blockchain has revolutionized a number of industries, but none so much as the financial sector. From equity crowdfunding platforms which allow users to buy shares in projects with tokens, to startups raising funds through initial coin offerings (ICOs), to token exchanges where users can… Read More

October 20, 2018 @ 7:48 pm By JD Alois  |  

Those high-flying initial coin offerings (ICOs) that launched in 2017 have lost their luster, according to a report by EY. The global consultancy firm has recently published a report that states in the first half of 2018, 86% of the leading ICOs that listed on… Read More

October 20, 2018 @ 9:41 am By Xu Gao  |  

Xiaomi Eyes Consumer Financing and B2B Lending in India Chinese smartphone giant Xiaomi plans to enter the consumer finance and business-to-business (B2B) loan market in India. Xiaomi has followed the Indian company law and established a non-bank financial institution “Xiaomi Financial Services India” to apply… Read More

October 20, 2018 @ 8:29 am By Therese Torris  |  

French peer to peer lender Unilend has gone into receivership. The P2P lender announced the news to all of its customers in a recent email. Founded in 2013 by Nicolas Lesur and François Prioux, Unilend pioneered P2P lending in France. It started operating, before crowdfunding… Read More

October 19, 2018 @ 12:19 pm By Cali Haan  |  

Rwandan government minister and CEO of the Rwandan Mining, Petroleum and Gas Board, Francis Gatare, says he has struck a deal with enterprise-blockchain developer Circulor to start tracking the country’s tantalum supply using Circulor’s version of Hyperledger Fabric. According to Gatare: “Rwanda Mines, Petroleum and Gas… Read More

October 19, 2018 @ 11:17 am By Aubrey Hansen   |  

The European Union does not need to seek out any problems for the moment, with the highly publicized ‘divorce’ from the UK taking place in the full media spotlight, but it’s easy to forget that, as things stand, the EU is also taking its approach… Read More

October 19, 2018 @ 9:01 am By JD Alois  |  

The North American Securities Administrators Association (NASAA), the group that represents state, provincial and territorial securities regulators, has published their annual enforcement report for 2017. Each year, NASAA correlates a summary of all the legal actions, including penalties and criminal prosecution from the US, Canada and… Read More

October 19, 2018 @ 8:05 am By JD Alois  |  

The Financement Participatif France (FPF), the French Crowdfunding Association, has published an interesting blog post this week. According to the FPF, there are rumors which have been published about a distressed online lending platform. The FPF does not mention any platform names. Today, there are over 60… Read More

October 18, 2018 @ 8:30 am By Erin Hobey  |  

Yandex.Checkout and Sberbank have launched a new B2B Payments service allowing companies to accept online payments from corporate clients.  The new feature aims to reduce the payment process time frame to 1–3 minutes. Yandex.Checkout and Sberbank claim the title for the first platforms to offer… Read More

October 18, 2018 @ 7:56 am By Erin Hobey  |  

According to the GFSC, Gibraltar “is committed to being a sound and safe place to do business with and is considering a complementary regulatory framework covering the promotion and sale of tokens, aligned with the DLT framework.” As expected, crypto platforms are taking advantage the… Read More

October 18, 2018 @ 7:40 am By JD Alois  |  

Peer to peer property lender, CrowdProperty say they have now repaid over £10,000,000 to lenders. The online lender reports they continue to hold a 100% capital and interest payback track record. According to CrowdProperty CEO, Mike Bristow, the £10,088,967 paid back includes £9,221,876 capital and… Read More

October 18, 2018 @ 3:16 am By Erin Hobey  |  

Chainalysis, a cryptocurrency compliance and investigation solutions provider, has completed a global roll-out of its compliance solution with Binance, the world’s largest cryptocurrency exchange by trade volume, to help address the challenges at the intersection of cryptocurrencies, regulators and traditional financial institutions. “Cryptocurrency businesses of… Read More

October 17, 2018 @ 8:41 pm By JD Alois  |  

The UK Department for International Trade, along with the Prime Minister’s Fintech Ambassador Al Lukies, are heading to Australia as part of the “GREAT Britain showcase.” The group will be participating in Sibos 2018 taking place in Sydney. According to the UK government, the delegation’s aim… Read More

October 17, 2018 @ 7:38 pm By JD Alois  |  

The Colorado Division of Securities posted a note this week about issuing “final” Cease & Desist orders pertaining to two companies promoting initial coin offerings (ICOs). The C&D referenced selling un-registered securities in the state. Davor, offering the DavorCoin, and Cyber Capital Invest, offering CCI… Read More

October 17, 2018 @ 1:36 pm By Samantha Hurst  |  

Ping An Insurance Group announced on Wednesday it has done a full update of its Ping An Cloud. The company reported the Cloud is entering a new phase of offering cloud services to external customers. As previously reported, Ping An is considered one of the largest… Read More

October 17, 2018 @ 11:42 am By JD Alois  |  

Digital payments Fintech Azimo says it will allow SME owners across the UK and Europe to pay for goods, salaries and investments in 189 countries and territories beginning this week. Azimo claims it will undercut most pricing by banks by at least 75%. The service… Read More

October 17, 2018 @ 11:04 am By JD Alois  |  

Recently, KPMG and Financement Participatif France (FPF – The French Crowdfunding Association) published a report pertaining to crowdfunding sector performance during the first half of 2018. The term crowdfunding relates to both debt and equity online capital formation, similar to many other parts of the… Read More