Global

December 13, 2017 @ 8:27 am By JD Alois  |  

Described as an initiative to fight global poverty and inequality, Patrick Byrne, founder of Overstock (NASDAQ:OSTK) has formed joint venture with Hernando de Soto – prominent economist who has been deeply engaged in the Blockchain and cryptocurrency sector.  The new company, called De Soto, Inc., will… Read More

December 13, 2017 @ 7:59 am By JD Alois  |  

Nesta, a global innovation foundation, has announced the ten Fintech firms that have won Stage 1 of the Open Up Challenge. The Challenge is in recognition of the launch of Open Banking in January 2018. Chris Gorst, Challenge Prize Lead at Nesta, congratulated all of… Read More

December 12, 2017 @ 6:20 pm By JD Alois  |  

Shmuel Hauser, the Chairman of the Israel Securities Authority, published a statement today addressing Fintech, Bitcoin and Initial Coin Offerings, in an extended comment on regulations and the changing financial landscape. Hauser stated; “From a regulator perspective, we want make sure that Fintech will not… Read More

December 12, 2017 @ 1:30 pm By Erin Hobey  |  

Ready for a new investment or for a vacation? Oh, the places you will go! itravel could be the first digital travel agency that uses data analysis, artificial intelligence, and blockchain technology in order to provide customers with individually personalized trips. itravel seeks to remove the… Read More

December 12, 2017 @ 11:39 am By Erin Hobey  |  

Attention MobiKwik, RazorPay and PayPal, Payments startup Stripe has just announced its entrance into the Indian mobile wallet sector! “Today we’re starting an invite-only beta for Stripe in India with a small group of companies. These businesses will help us test our platform in the… Read More

December 12, 2017 @ 7:54 am By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has signed a cooperation agreement with the Canadian Securities Administrators (CSA) to foster Fintech innovation, expand the network of information sharing and support Fintech startups. ASIC previously signed a bilateral cooperation agreement with the Ontario Securities Commission which… Read More

December 12, 2017 @ 7:39 am By JD Alois  |  

OurCrowd, a leading global equity crowdfunding platform, says registration numbers have rocketed for its upcoming Global Investor Summit taking place on February 1st. OurCrowd reports that more than 10,000 individuals have registered for the event with participation from 80 different countries.  Participants also include over… Read More

December 11, 2017 @ 10:41 pm By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) had previously committed to review its regulatory sandbox and Fintech licensing exemption and upon review, officials have proposed to maintain the current status. The regulatory Fintech sandbox was introduced in December 2016 and enables eligible firms to test… Read More

December 11, 2017 @ 9:45 am By JD Alois  |  

  Hyperwallet, a global payment platform, has formed an arrangment with Amazon to be able to receive disbursements from sales on Amazon’s new Australian marketplace. Hyperwallet said it will now support international seller disbursements from Amazon with its multi-currency payout solution that enables Amazon Marketplace… Read More

December 11, 2017 @ 9:31 am By JD Alois  |  

The Mintos marketplace for loans has added its first Russia based loan originator: EcoFinance. The online lender offers investments in unsecured personal loans issued in Russia under its CreditPlus brand. Mintos reports that EcoFinance loans on its marketplace will initially be listed in Euros with… Read More

December 11, 2017 @ 7:52 am By JD Alois  |  

SelfKey, a “self sovereign identity” firm, has just completed a pre-sale of KEY tokens raising $5 million. Now SelfKey is preparing to launch its public Initial Coin Offering (ICO) on December 15th. The token sale has a hard cap of US$21.78 million. The private pre-sale started… Read More

December 11, 2017 @ 7:16 am By JD Alois  |  

CrowdProperty, a property peer to peer lender, has closed its pre-series A equity crowdfunding round at £907,467 or 150% of the funding target. The campaign listed on Seedrs attracted 509 investors investing an average of £1,783. CrowdProperty offered a 9.23% ownership stake in the company… Read More

December 10, 2017 @ 4:48 pm By JD Alois  |  

Lost among the national mourning for French icon Johnny Hallyday was the news that France will allow Blockchain technology to be utilized to transfer certain securities. According to a report in Les Echos, distributed ledger technology has been presented to the Council of Ministers and… Read More

December 10, 2017 @ 3:30 pm By JD Alois  |  

On December 1st, the Royal Bank of Scotland (RBS) announced it would close 62 RBS branches and 197 NatWest branches. The shuttering of these bank branches is not unique to RBS and is indicative of the global Fintech revolution. This is not the first time… Read More

December 10, 2017 @ 11:23 am By JD Alois  |  

This past week saw a bit of reversal in South Korea’s stance on Initial Coin Offerings (ICO). In September, it was reported that Korea had decided to totally ban ICOs following a similar approach by China. But during a presentation at the National Assembly by… Read More

December 9, 2017 @ 10:05 am By Xu Gao  |  

Tsinghua PBCSF Releases China’s First Fintech Enterprise Database at the 4th World Internet Conference (Wuzhen Summit) The Fourth World Internet Conference (Wuzhen Summit), themed as “Developing Digital Economy for Openness and Shared Benefits — Building a Community of Common Future in Cyberspace“, was successfully concluded… Read More

December 8, 2017 @ 12:21 pm By JD Alois  |  

Downing Crowd, a debt based crowdfunding platform, says “crowdfunding for grown-ups has arrived” as indicated by data correlated in the Cambridge Centre for Alternative Finance (CCAF) report on the UK alternative finance industry. The report by CCAF revealed alternative finance growth of 43% to £4.6… Read More

December 8, 2017 @ 10:44 am By JD Alois  |  

Swiss Fintech Incubator and Accelerator F10 has announced that the second Demo Batch Day has been its biggest yet, with over 400 people attending. The Demo Day took place in Zürich  on December 7th. The Demo Day marks the end of months of work for the Startups, who… Read More

December 8, 2017 @ 9:58 am By JD Alois  |  

TMT Investments, an LSE listed company (AIM:TMT.L) has proposed to launch a new Crypto fund to invest in Blockchain startup. The joint initiative includes a group of American investors and will be supported by the Waves Platform. The TMT Crypto Fund will hold both crypto… Read More

December 8, 2017 @ 9:00 am By JD Alois  |  

Property Partner, a UK based property crowdfunding platform, now has over £100 million in Assets Under Management (AUM), according to a report from the platform. This amount represents a 4X increase since December 2015 when Property Partner held £21.9 million in AUM. Property Partner also… Read More