Monzo Pauses Plans to Join UK’s Cheque Image Clearing System

UK challenger bank Monzo announced on Friday it was putting its plans on hold to allow its users to pay in cheques with a picture. The startup reported that last year it announced its plans to join the Image Clearing System, but in January, it… Read More

Wirecard Announces Expansion of Cooperation With MBILLS to Offer Digital Payments Through Garmin Pay

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has extended its cooperation with Slovenian fintech company MBILLS to enable Garmin Pay as a further payment option. According to Wirecard,  MBILLS is owned mainly by Petrol, the largest energy and retail… Read More

eToro Announces Addition of Tron’s TRX Cryptoasset

eToro, announced on Monday it has added Tron’s TRX token to its global investment platform. eToro reported that this brings the total number of cryptoassets available on its platform to 15. According to eToro, Tron is an ambitious, multi-faceted project seeking to “decentralise the internet.”… Read More

Envestnet Set to Acquire PIEtech

Envestnet (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, recently announced it will acquire PIEtech, Inc., the creator of the MoneyGuide family of financial planning applications. Envestnet revealed it will acquire PIEtech for consideration consisting of $295 million in cash,… Read More

Kriptown to Issue Digital Assets in France, Seeks to Provide Additional Liquidity for Private Equity Investments

France is a country that is seeking a path to enable digital assets. In the past, Bruno Le Maire, the Minister of the Economy and Finance of France, has been fairly outspoken on the topic as he has publicly stated that blockchain is a technical… Read More

Robo.cash Funds €2.4 Million of Philippine Loans Since Integration with Philippine Loan Originator in December 2018

Peer to peer lender Robo.cash announced on Monday it has funded €2.4 million of Philippine loans. Robo.cash reported that this is the highest volume of financed loans among all loan originators of Robocash Group for the first three months after the integration with the P2P… Read More

Report: French Law Firm and Blockchain Company Create Working Group on Real Estate and Tokenization

France is a country that is pursuing a regulated path for the tokenization of securities. The Pacte Law (Loi PACTE) is predicted to be signed into law at some point this spring. Ostensibly, the legislation will define the issuance, and management, of digital assets. In… Read More

Success: Grind’s Latest Crowdcube Round Now Nears £3 Million in Funding

UK coffee and cocktail shop, Grind, has returned to equity crowdfunding platform Crowdcube and has not only secured its initial £1,350,000, but is now nearing £3 million from more than 1360 investors. The latest funding round comes less than two years after the company raised… Read More

Wealth Management Tech Service PIVOT Fintech Receives Capital Markets Services License from The Monetary Authority Of Singapore

PIVOT Fintech Pte. Ltd., the digital wealth management technology services venture backed by Pintec Technology Holdings Ltd. (NASDAQ: PT) and FWD Group, announced last week it has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). Launched in 2017 by… Read More

U.S.-Based Loan Marketplace Monevo Launches Personal Loan API

Monevo, a U.S.-based personal loan marketplace, announced last week the launch of its personal loan API, Credit Staq, which allows Monevo partners, including comparison sites, fintechs and consumer brands to present and compare pre-approved loan offers from the platform’s panel of personal loan lenders natively… Read More


On Being Open and Honest With Regulators: The Gladius Network Cease & Desist Order and the SEC’s Map for ICO Remediation

For the third time since November 2018, on February 20, 2019, the SEC issued a cease and desist order relating to an initial coin offering (ICO) which set forth the steps for remediation of an unregistered securities offering, this time for Gladius Network, LLC (the… Read More

Linh Thanh Group and KRONN Ventures AG Sign MOU to Launch Crypto Exchange in Vietnam

KRONN Ventures AG, a Switzerland based blockchain focused company, has signed a memorandum of understanding(MOU) with Linh Thanh Group, for the “production of cryptocurrency and the establishment of cryptocurrency exchange” in Vietnam. According to a release, the group has received a license from regulators to… Read More

Republic Acquires RenGen Labs Token and Private Equity Platform

Republic, a Reg CF securities issuance platform, has acquired RenGen Labs a private equity platform that has operated in the initial coin offering/security token offering sector. RenGen was previously operating as SaftLaunch but rebranded in April 2018. At that time, the company indicated its interest… Read More

Several Interesting Hearings Scheduled by the House Financial Services Committee for Early April

This week, the House Financial Services Committee issued a note on upcoming hearings scheduled to take place in early April. Amongst the group are several interesting topics for the realm of Fintech. On Tuesday, April 9 at 10AM the Subcommittee on Consumer Protection and Financial… Read More

Accused Bitcoin Launderer Alexander Vinnik Appeals for Humanitarian Release

Alexander Vinnik, a 39-year-old Russian national accused by three countries of crimes involving bitcoins, including money-laundering and fraud, has filed an appeal with a court in Piraeus, Greece, asking that he be released from prison on humanitarian grounds and returned to Russia, Ekathimerini reports. Vinnik… Read More

China: WeiyangX Fintech Review

WeChat Shuts Down More Than 2,500 Accounts for Illegal Loan Activities On March 15th, China’s Central Television (CCTV) shined its spotlight on the illegal loans market during its annual Consumer Right’s Show. On March 18th, WeChat released an official statement about combating illegal credit services… Read More

Comprehensive Malware Used to Target Israeli Fintechs Writing Forex and Crypto Trading Software

A comprehensive malware called “CardinalRAT” has been used to target two Israeli Fintech companies, “who write software relating to forex and cryptocurrency trading,” cybersecurity firm Palo Alto Network writes. Attackers appear to be motivated by financial gain. Once installed, CardinalRAT malware allows attackers to: Collect victim information  Update… Read More

CyberSecurity: American Lawyers’ Duties in the Event of a Data Breach

Legal intelligence newsletter JD Supra has published an article advising lawyers on what to do in the event that client files are compromised in a data breach. Data breaches attacks on public institutions and private businesses are becoming increasingly common as hackers find more and… Read More

European Payment Processor Borgun Announces Partnership With Fintech & Insurtech Novae

Borgun, a European payment processor and merchant acquirer, announced earlier this week it has signed an agreement with the fintech and insurtech company novae to support its digital transformation. Borgun reported that it and novae are aiming to co-create solutions in a digital capability framework… Read More

Update: GripIt Surpasses £1.1 Million in Funding During the Final Days on Crowdcube

Dragon Den alum GripIt is set to close its latest equity crowdfunding campaign on Crowdcube with more than £1.1 million thanks to over 600 investors. The funding round, which comes less than two years after the company raised more than £2 million through its second… Read More

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