Global

July 6, 2018 @ 4:17 pm By JD Alois  |  

Exo Investing, a retail digital wealth management platform, has received a private investment from Benjamin and Ariane de Rothschild, according to the company. Additional investors include, the founders of Madrid-based ETS Asset Management Factory (who happens to supply Exo with its Quantitative investing technology and… Read More

July 6, 2018 @ 11:54 am By Cali Haan  |  

  The European Banking Authority (EBA), charged with harmonizing banking across the EU, has devoted 13 pages of its latest 56-page Fintech report to assessing two potential use cases in banking for “distributed ledger technology” (DLT, although sometimes called “blockchain”). And while its not all… Read More

July 6, 2018 @ 10:46 am By JD Alois  |  

  SIX, the operator of the Swiss Stock Exchange, has announced the launch of SIX Digital Exchange to trade digital assets. Zurich based SIX is controlled by an association of banks. SIX Group Ltd is an unlisted public limited company owned by around 130 domestic and… Read More

July 6, 2018 @ 8:45 am By Cali Haan  |  

Money, “brings the best out of every individual..(and) makes the machinery work…” says famed Mexican economist and General Manager of the Bank for International Settlements (BIS), Agustín Carstens, but “the system is fragile” to interest rate and trade gyrations, and young people must stop printing from nothing in… Read More

July 6, 2018 @ 8:11 am By JD Alois  |  

Blackmoon is reporting its Xiaomi initial public offering (IPO) has been sold out. But this batch of shares are not being sold in the traditional manner as Blackmoon has tokenized the offering. This past week, Xiaomi completed an IPO on the Hong Kong Stock Exchange…. Read More

July 5, 2018 @ 7:40 pm By JD Alois  |  

The UK government, via the Department for International Trade (DIT), is offering an interesting program to incentivize entrepreneurs to set up shop in Great Britain. Of course, some of this has to do with Brexit and the UKs desire to promote an innovation driven economy… Read More

July 5, 2018 @ 1:00 pm By Samantha Hurst  |  

Azimo, a European digital money transfer firm based in London and Krakow, has reportedly has added ten new countries to its services for customers in Nordic countries. This news comes just a little over a month after the company secured $20 million through its Series C… Read More

July 5, 2018 @ 11:00 am By JD Alois  |  

Securitize is one of a handful of platforms positioning itself to facilitate the tokenization and trading of securities. This will be for funds, companies, and other asset classes. The turnkey platform wants to simplify the process of securities on blockchain from login to the lifetime of… Read More

July 5, 2018 @ 9:06 am By JD Alois  |  

The Elephant (formerly PrivatEquity.biz Platform), a security token issuance and secondary trading platform, is doing a small hybrid funding round. According to details shared with CI, the offer is seeking a few strategic investors to raise $2 million. The minimum subscription is $250,000 with each… Read More

July 5, 2018 @ 8:03 am By JD Alois  |  

Creditshelf Aktiengesellschaft, a Germany based online lender, has announced its intent to do an initial public offering (IPO) on the Frankfurt Stock Exchange. The IPO is currently scheduled to take place for the third quarter of 2018. The offering is expected to be newly issued shares… Read More

July 5, 2018 @ 5:21 am By Erin Hobey  |  

In preparation of its Lending Challenge, the P2P investment aggregation provider Orca partnered with UK P2P Lending Knowledge Leaderboard and posted a quiz targeting investors and industry players to see how much people know about the P2P knowledge. Neither questions nor answers will be posted here to keep the quiz… Read More

July 5, 2018 @ 2:55 am By Cali Haan  |  

The Russian military is building “a military technopolis” in the Black Sea town of Anapa where 200 scientists will focus on creating blockchain tech for national security, Russian publication Izsvestia reports. Protecting state secrets will be a priority at the new facility, which will welcome, “operators… Read More

July 5, 2018 @ 2:12 am By Erin Hobey  |  

Licensed securities agency Finanbest partnered with Crowdcube in June to raise £175,000 for 6.22% equity. The Madrid-based platform, which offers a digital end-to-end wealth management solution for retail investors, reportedly reducing costs for clients up to 70%.  Now, just a few weeks later, the agency… Read More

July 4, 2018 @ 12:19 pm By Samantha Hurst  |  

Revolut, a digital-only bank that claims it is signing up over 120 businesses per day, announced on Wednesday it has signed up one million customers in the UK and saved them over $330 million in fees, as the London-based company continues to prep for global expansion…. Read More

July 4, 2018 @ 9:57 am By JD Alois  |  

The Financial Conduct Authority (FCA) posted its next cohort of Fintech companies accepted into their regulatory sandbox and several blockchain based companies were on the list. BlockEx, a company that is launching a digital bond service on blockchain, was one of these companies.  BlockEx expects… Read More

July 4, 2018 @ 9:32 am By JD Alois  |  

Yesterday, the Financial Conduct Authority announced the next cohort of firms to be accepted into its Fintech Sandbox program. Within this group is a good number of crypto / blockchain. One of these firms, 20|30, will commence test initial coin offerings that will be equity… Read More

July 4, 2018 @ 9:17 am By JD Alois  |  

Yoyo, a mobile payment and marketing platform, has announced a partnership with digital ordering firm Preoday to create a way for retailers to provide pre-ordering services across the UK. Yoyo says it will integrate Preoday’s order ahead solution, enabling customers to pre-order within the Yoyo… Read More

July 4, 2018 @ 7:53 am By JD Alois  |  

A report created at the request or the European Parliament’s Committee on Economic and Monetary Affairs, addresses the topic of “virtual currencies” or cryptocurrencies. The paper entitled “Virtual Currencies and Central Banks Monetary Policy: Challenges Ahead,” seeks to present an analysis of the phenomenon of… Read More

July 3, 2018 @ 4:54 pm By JD Alois  |  

In recent years most Fintech Hub reports have pegged the UK, and more specifically London, at the top of the list when it comes to ranking Fintech centers of excellence. The UK has been widely lauded due to various characteristics but always included in these… Read More

July 3, 2018 @ 3:00 pm By JD Alois  |  

ThetaRay, an AI and big data analytics in the cyber crime prevention space, has closed on a funding round of $30 million. The round was said to be “significantly oversubscribed” with investors like Jerusalem Venture Partners (JVP), GE, Bank Hapoalim, SVB Investments, OurCrowd,  and others joining… Read More