Tagged: coronavirus

March 17, 2020 @ 12:52 pm By JD Alois  |  

Robo.cash, a peer to peer lending platform operating in multiple jurisdictions, has distributed a note indicating that the Coronavirus pandemic (COVID-19) is not impacting P2P investors. Robo.cash states that while global financial markets experience extreme levels of volatility, European P2P investors continue to invest with… Read More

March 17, 2020 @ 11:05 am By Samantha Hurst  |  

U.S. healthcare fintech SmartHealth PayCard announced on Tuesday it is waiving its first year annual fee for new card applicants for the next three months in order to support Americans during the coronavirus crisis. SmartHealth PayCard reported that existing cardholders and new members are now… Read More

March 17, 2020 @ 8:42 am By Samantha Hurst  |  

Independent financial advisory organization, deVere Group, announced on Tuesday it is now offering free financial advice on a remote basis during the coronavirus outbreak. CEO and Founder of the deVere Group, Nigel Green stated that he and his team are launching Contactless Advice for four reasons:… Read More

March 16, 2020 @ 3:03 pm By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced over the weekend it is revising the interest rate it pays on credit balances on its free current accounts, following the Bank of England’s (BoE) decision to cut interest rates amid the coronavirus outbreak. Starling reported that theBoE… Read More

March 16, 2020 @ 1:30 pm By JD Alois  |  

The Coronavirus spawned market meltdown is impacting all aspects of society. Both small and large firms are attempting to assess how to survive while staying healthy. Every company that is able to is work remotely has already migrated to a virtual environment. Access to capital… Read More

March 16, 2020 @ 9:26 am By JD Alois  |  

LendingClub (NYSE:LC) has issued an 8-K this morning reacting to the highly volatile macroeconomic environment fueled by the Coronavirs, or COVID-19, pandemic. LendingClub said they “have not observed changes in application trends, deterioration in loan performance or significant shifts in investor demand.” But in light… Read More

March 15, 2020 @ 10:45 am By Xu Gao  |  

The PBC, NDRC and Four Other Authorities Jointly Release the Work Plan for Coordinated Regulation of Financial Infrastructures In order to strengthen the construction of financial infrastructure, coordinate the regulation of important financial infrastructures and improve the capability of the financial sector to serve the… Read More

March 14, 2020 @ 6:57 pm By JD Alois  |  

The New York Department of Financial Services has issued a requirement that all institutions engaged in virtual currency businesses to have a preparedness plan due to the impact of the Coronavirus or COVID-19. Virtual currency businesses regulated in the state of New York are not… Read More

March 14, 2020 @ 11:49 am By JD Alois  |  

Like many jurisdictions around the world, the European Union has announced extraordinary measures to combat the Coronavirus, or COVID-19, including measures to mitigate the impact the illness will have on SMEs. In a statement yesterday, the Commission said it considers the COVID-19 pandemic as qualifying as… Read More

March 13, 2020 @ 2:48 pm By JD Alois  |  

The European Bank for Reconstruction and Development (EBRD) has annunced a €1 billion “Solidarity Package” of measures to help companies across its regions deal with the impact of the coronavirus pandemic. The EBRD said this is an initial response to the crisis and the Bank… Read More

March 13, 2020 @ 2:06 pm By JD Alois  |  

In a sign of the rather desperate times, Bookmaker.eu has posted odds on Coronavirus impact events. As professional sports events are shuttered and pretty much all school events have been postponed, the oddsmaker claims that necessity is the mother of invention. Current event trader Rick… Read More

March 12, 2020 @ 5:06 pm By JD Alois  |  

Representative Patrick McHenry, Ranking Member on the House Financial Services Committee, has proposed legislation to crowdfund a vaccine for the Coronavirus entitled “Crowdfunding to Combat the Coronavirus Act.” The bill creates a $1 billion prize for anyone that develops a vaccine for COVID-19 that is… Read More

March 11, 2020 @ 7:06 pm By JD Alois  |  

The CME Group will close its Chicago trading floor as of the close of business Friday, March 13, 2020. Similar to many other companies, CME Group is attempting to reduce the risk of Coronavirus exposure. CME Group was quick to state that no Coronavirus cases… Read More

March 11, 2020 @ 9:17 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted an “Operating Status” notification on its website indicating that much of its DC staff have been asked to work from home during the Coronavirus outbreak. Recently, the Commission has canceled multiple meetings, according to its event page…. Read More

March 5, 2020 @ 9:41 am By JD Alois  |  

Fast-growing Fintech Curve will close all of its offices in the UK on Friday due to the Coronavirus. According to a release, Curve said it was taking the unprecedented step in “preparation for a COVID-19 emergency” announced today. The UK has published a document providing… Read More

March 4, 2020 @ 3:47 pm By Samantha Hurst  |  

As the coronavirus (COVID-19) continues to spread through the world, the World Health Organization (WHO) has advised consumers to consider using contactless payments in order to avoid spreading the virus. While speaking with the Telegraph, a spokesperson from WHO stated: “We know that money changes… Read More

February 29, 2020 @ 3:35 pm By JD Alois  |  

Should we have seen this one coming?  A new cryptocurrency project claims to track the progress of the Coronavirus. A somewhat brief “whitepaper” explains: “Coronacoin is a cryptocurrency that documents coronavirus infections and deaths on the blockchain with a token burn. A portion of the… Read More

February 9, 2020 @ 3:28 am By Xu Gao  |  

Insurtech Platform Huize.com to List on NASDAQ on February 12 On February 6th, online insurance platform Huize.com updated its F-1 prospectus filed to the US Securities and Exchange Commission (SEC), and planned to list on NASDAQ on February 12th, with a stock code “HUIZ”. It… Read More