Tagged: fsa

P2P Lender Amartha Receives Regulatory Approval from Indonesian Financial Services Authority

Jakarta based Amartha (PT Amartha Micro Fintek) a peer to peer lending platform launched in 2010, is now officially registered with the Directorate of Institutional and Product IKNB (Financial Industry Non Bank) Financial Services Authority ( FSA). Amartha said the approval by the financial regulators… Read More

Singapore & Japan to Cooperate on Fintech Innovation

Less than a week after Japan inked an agreement to partner with the Financial Conduct Authority in the UK, the Financial Services Agency (FSA) in Japan has announced a cooperation framework with the Monetary Authority of Singapore (MAS). Similar to other existing arrangements by MAS,… Read More

UK & Japan Governments Partner to Promote & Support Fintech Innovators

The Financial Services Agency of Japan (JFSA) and the UK’s Financial Conduct Authority (FCA) have announced a “Co-operation Framework” to support innovative Fintech firms. This “Exchange of Letters” between the JFSA and the FCA is intended to provide a regulatory referral system for “Innovator Businesses”… Read More

Brief: Sweden FSA Approves FundedByMe’s Loan Making Process

This week, Swedish crowdfunding platform, FundedByMe, announced it has received approval from the FSA for its loan making process. FundedByMe revealed: “In light of the material FSA has received, in the request, judges FSA to FundedByMe Crowdfunding Sweden Aktiebolag [does not] need to take any… Read More

Indonesian FSA and MCI Collaborating on New Fintech Regulations

Indonesia’s Financial Services Authority (FSA), which regulates the banking and non-banking sector, is working with the Ministry of Communications and Information to bring out regulations governing online startup companies offering financial services, popularly referred to as fintech, reported DealStreetAsia. Indonesia is Southeast Asia’s largest economy (US$890B).  The new regulation will… Read More

Brief: Megan Butler is New FCA Director of Supervision – Investment, Wholesale & Specialists

The Financial Conduct Authority (FCA) has announced that Megan Butler will be joining the FC to take the role of Director of Supervision – Investment, Wholesale and Specialists. Megan is currently Executive Director of International Banks Directorate at the PRA. Megan starts on the 1 September and… Read More

Abundance Co-Founder & UKCFA Director Bruce Davis Spotlights Democratic Finance, ISAs & Crowdfunding in the UK

The European Alternative Finance Benchmarking Survey deadline has been extended until 6 January 2015. In late November  The University of Cambridge teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. As readers may know, this is the largest… Read More

UC Berkeley’s Fung Institute for Engineering Leadership estimates size of crowdfunding market to be at least $3.98B

Fung Institute Estimate includes both Debt and Equity Crowdfunding for the US Market Crowdfund investing will go live later in 2013. With the release of the proposed crowdfunding rules, a wave of small business and startup financing is expected to sweep the nation. In a… Read More

Investors warned about Dragon’s Den-style crowdfunding ventures

Budding investors have been warned to be on their guard against Dragon’s Den-style ‘crowdfunding’ ventures. Experts fear that thousands of people could be left “high and dry” unless tighter controls on the practice are put in place. Crowdfunding appeals to amateur investors because it gives… Read More

Britain’s FSA’s ‘softening stance’ towards crowdfunding platforms good news

Earlier this month Crowdcube became the first equity crowdfunding platform to gain regulatory approval from the Financial Services Authority (FSA). Crowdcube is a forum that allows businesses to advertise projects they are seeking financial support for and, in return, give investors a share in the… Read More

Equity Crowdfunding Site Crowdcube Authorised by British FSA

UK based equity crowdfunding platform Crowdcube has finally become authorised and regulated by the British Financial Services Association (FSA).  The original application for authorization was submitted in 2011. This event makes Crowdcube the first authorized crowdfunding platform to allow investors to become direct shareholders in UK… Read More

Crowdfunding Wants Clear Regulation in the UK

Coming from the pages of the Financial Times is an article today regarding the desire by some of the burgeoning group of Crowdfunding platforms.  Some of these new financial platforms have been requesting regulation by the Financial Services Authority (FSA). In lieu of uncertain or… Read More

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