Editorial opinions and perspective on Fintech.

SMEs Are Being Let Down by Banks: NEO CEO

There have been reports on both sides of the Atlantic that some banks are pumping the brakes on providing credit to smaller businesses. While there are multiple reasons why this may be the case, a gap in lending has helped to boost alternative lending platforms… Read More

VC Funding Tanks, Alpha Partners Shares Perspective and Future Expectations on Venture Market

Recently, there have been various reports about the decline in venture capital funding. VC money is a key component in funding risky early-stage ventures. While only a fraction of the investments may drive results, some of these companies may turn into revolutionary platforms or launch… Read More

House Financial Services Committee Announces Hearing on Prudential Regulators

The House Financial Services Committee has announced a new hearing of the full Committee to discuss financial regulation. The hearing, scheduled for 930 AM ET, Wednesday, November 15, is entitled aptly “Oversight of Prudential Regulators.” Little information is yet available on the hearing, but you… Read More

Norton Rose Fulbright Attorney Says Investigatory Powers Bill May Allow More Use of Bulk Data by Intelligence Agencies

The Investigatory Powers Bill aims to update the version of the bill from 2016. As part of the King’s Speech today, the bill is said to deliver changes regarding data and government access to the data, with questions remaining on how far the UK government… Read More

CFPB Targets Big Tech and Fintech with New Oversight Rules, Representative McHenry Slams Proposal

The Consumer Financial Protection Bureau (CFPB) wants to expand its portfolio of compliance by targeting big tech and the Fintech services they provide. According to a statement issued by the CFPB today, the agency is targeting digital wallets and payment apps, claiming they must comply… Read More

UK: Charlotte Crosswell Comments on Data Protection Legislation and Open Banking Following King’s Speech

Charlotte Crosswell, Chair of the Centre for Finance, Innovation, and Technology (CFIT), has shared a comment pertaining to the King’s Speech and policy included in the presentation. This is the first time that King Charles has presided over the King’s Speech since the passing of… Read More

Milan Velev of Nexo: Blockchain Professional Explains Importance of Security for Crypto Investors, Traders

We recently connected with Milan Velev, Nexo’s Chief Security Officer, who shared key insights with CI regarding the importance of setting standards for crypto platform security. Milan Velev from Nexo explained why crypto investors and traders need to prioritize security. He also commented on their… Read More

Fed is in Hover Mode as Rates Kept the Same

The US Federal Reserve held rates steady today following a meeting of the Federal Open Market Committee (FOMC). While inflation remains stubbornly high and economic activity robust, the Fed decided it was better to wait and see if the following months of rapid rate increases… Read More

Understanding Down Rounds in Venture Capital Financing: Pay-to-Play Structures

Venture capital markets showed signs of improvement in the second quarter of 2023. According to Carta, early-stage companies using its platform raised $15.4 billion in funding during the second quarter of 2023, which was up 26 percent from the first quarter. Despite these recent improvements,… Read More

R3 Comments on Global Regulators Collaborating on Crypto Asset Innovation

Yesterday, CI reported that multiple regulators around the world had announced a partnership to collaborate on digital asset, or crypto asset, innovation. The goal is to enable innovation to thrive while protecting investors. The agencies participating in the partnership include the UK Financial Conduct Authority… Read More

Open Banking: Sensedia Welcomes CFPBs Push for Rules

Earlier this month, the Consumer Financial Protection Bureau (CFPB) proposed new rules seeking to boost Open Banking (Open Finance) in the United States. Open Banking, sometimes called Open Finance, is a concept where data can be seamlessly transferred from one financial service provider to another… Read More

Markus Prommik of Finfra: Industry Exec Comments on Embedded Lending and the New Fintech Rules

We recently spoke with Markus Prommik, CEO and Co-founder of Finfra, a Fintech platform that develops white-labeled lending products for non-Fintech companies seeking to integrate financial services into their platforms. Based in Jakarta, Indonesia, Finfra not only provides practical embedded lending solutions to their clients… Read More

Bundeep Singh Rangar of Fineqia: Blockchain Professional Says Industry Should Focus on Education and Practical Use-Cases

We recently caught up with Bundeep Singh Rangar, the CEO of Fineqia, a digital asset business that builds and targets investments in early and growth-stage technology companies that will be a part of the next generation of the Internet. Publicly listed in Canada (CSE: FNQ)… Read More

Capital Ideas With Omi Bell of Black Girl Ventures On Empowering Underrepresented Entrepreneurs

On the latest episode of Capital Ideas, an interview series hosted by Nick Morgan and Dara Albright of Investor Choice Advocates Network (ICAN), Omi Bell, the CEO of Black Girl Ventures, shed light on the critical challenges faced by black and brown female entrepreneurs in… Read More

Bitcoin Tops $33,000 as Expectations Rise a BTC ETF is Coming Soon

Bitcoin has increased by over 18% today, now trading at over $33,000. Just yesterday, Bitcoin was trading under $30,000. Bitcoin has always been a volatile digital asset that gyrated quickly in price – sometimes without an apparent catalyst. The most popular crypto in the world… Read More

ECB Enters “Preparation Phase” for Digital Euro

While a decision is not yet final, the European Central Bank (ECB) has entered the “preparation phase” to issue a digital Euro. The ECB has been ruminating on the pros and cons of a central bank digital currency (CBDC) for some time now. This most… Read More

Binance.US Suspends US Dollar Withdrawals Amidst Uncertain Regulatory Environment for Crypto Industry

The US division of crypto exchange Binance has reportedly suspended withdrawals of dollars by its customers from the digital asset platform (as per the firm’s updated terms shared on Monday). In June of this year, Binance.US decided to halt US dollar deposits, following the US… Read More

Higher-for-Longer Interest Rate Narrative Became “Louder” as Bank of England Might Not Be Quick to Cut Rates – Analysis

A market report has highlighted some key developments from the past week, including the following updates: Bank of England’s chief economist highlights challenge ahead for policymakers Hotter-than-expected US inflation leads to mixed trading ahead of bank results Microsoft takeover of Activision approved by regulator Middle… Read More

Monica Eaton of Chargebacks911: Fintech Exec Explains Why Banks Embrace Open Banking, Data Analytics for Trade Finance Operations

We recently sat down with Monica Eaton from Chargebacks911 to gain more insights regarding the partnership between Finastra and Microsoft and how it addresses the requirements of corporate clients. Eaton, founder and CEO at Chargebacks911, also commented on how the collaboration addresses the challenges banks face… Read More

Goldman Sachs Agrees to Sell Digital Lender GreenSky to Consortium, EPS Hit of -$0.19

Goldman Sachs (NYSE:GS) has finally agreed to sell digital lender GreenSky to a consortium led by Sixth Street. The purchasers include KKR, Bayview Asset Management, and CardWorks, with “significant support” from PIMCO through an asset acquisition, as well as strategic financing from CPP Investments. Alan… Read More

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