JD Alois

SEC Issues No Action Letter to FINRA Regarding ATSs and Digital Asset Trading

The Securities and Exchange Commission (SEC), Division of Trading and Markets, issued a no-action letter to FINRA yesterday afternoon that impacts certain trading platforms that serve as markets for digital assets that are securities. FINRA is a self-regulatory entity that coordinates with the SEC regarding… Read More

Invesdor Launches Updated Website, Looks to Target DACH Countries

Invesdor, an investment crowdfunding platform based in Finland, has relaunched its website and branding. In recent months, Invesdor has had a change in leadership as founder Lasse Mäkelä stepped down as CEO to be replaced by Günther Lindenlaub. Invesdor completed a significant merger with debt-based… Read More

Low Taxes, Business Friendly: Wyoming Welcomes Economic Growth Including Blockchain Firms

Wyoming is one of several US states that does not assess a state income tax. In the past few years, there has been an exodus of both individuals and companies to these business-friendly states as people vote with their feet. Wyoming is also one of… Read More

Digital Commodity Exchange Act: US House of Representatives Crafts Legislation to Provide “Clarity for Fintech Innovators”

Representative K. Michael Conaway, ranking Member of the House Agriculture Committee Ranking has introduced legislation entitled the Digital Commodity Exchange Act of 2020. The bill seeks to create a “single, opt-in national regulatory framework for digital commodity trading platforms” that will be regulated by the… Read More

Global Cryptoasset Benchmarking Study: CCAF Updates on Digital Asset Ecosystem During Period of Growth

  The Cambridge Centre for Alternative Finance (CCAF) at the Cambridge Judge Business School has released its 3rd report covering the digital asset sector with the Global Cryptoasset Benchmarking Study.  CCAF is the leading research institute in the world in regards to Fintech innovation including… Read More

SPAC Fintech Acquisition Corp. IV Prices at $10/Share, Raises $200 Million

Fintech Acquisition Corp. IV (NASDAQ:FTIVU) a blank-check company that intends on acquiring one or more Fintech businesses, priced its initial public offering (IPO) at $10 a share raising gross proceeds of $200 million. Shares are expected to begin trading today (September 25, 2020) thus joining… Read More

UK Extends Coronavirus Support Programs for Businesses

In a statement today, the UK Chancellor of the Exchequer Rishi Sunak announced an extension of Coronavirus programs that support impacted businesses. The Chancellor announced that the Bounce Back Loan scheme will offer greater repayment flexibility for firms including an extension of the length of… Read More

OCC Crypto Guidance Used to Assure National Banks as Certain States Move Aggressively into Digital Assets

Earlier this week, the Office of the Comptroller of the Currency (OCC) – the leading national bank regulator, provided guidance on banks and stablecoins. The guidance was designed to provide “greater regulatory certainty for banks” operating in this sector. Stablecoins are digital assets typically tied… Read More

AltoIRA Partners with Republic to Enable Retirement Savings to Invest in Startups, Raises Capital on Funding Portal

AltoIRA has partnered with leading crowdfunding platform Republic to enable IRA investors to hold securities sold via Republic. According to AltoIRA, Republic’s members may now invest in privately-held startups using their IRAs. AltoIRA allows individuals to set up an IRA to invest in alternative assets… Read More

European Commission Adopts Digital Finance Package and Legislative Proposals on Crypto-Assets

The European Commission has announced the adoption of a Digital Finance Package along with legislative proposals on crypto-assets (digital assets).  The announcement has been widely anticipated and earlier this month draft legislation pertaining to crypto-assets was leaked to the public. According to a statement by… Read More

Accelerated Payments Reports €210 million Worth of Invoice Financing on Third Anniversary

Accelerated Payments reports that it has advanced €210 million worth of invoice financing as it celebrates its third anniversary in operation.  Accelerated Payments, and invoice financing platform, claims to be the fastest-growing Fintech in Europe. Meanwhile, the company is planning to set up shop in… Read More

LendInvest Integrates SIRA Fraud Detection Service

Property finance Fintech LendInvest has integrated with SIRA, a national fraud prevention and detection database using a service from Synectics Solutions. The move is designed to speed up retrieval of fraud insights for mortgage applications. LendInvest says it has also integrated with SIRA’s API to… Read More

Realio and Valentus Capital Management to Tokenize $250 Million Fund

Realio and Valentus Capital Management say they are working together to tokenize a $250 million fund. Realio is a tech stack for “institutional-grade digital assets. Valentus Capital Management is a private equity firm focused on event-driven and value-oriented investments within the credit sectors and the… Read More

Fintech Syfe Raises USD $18.6 Million in Series A Funding

Singapore based Digital wealth manager Syfe has closed on a SG$ 25.2 million (USD $18.6 million) Series A funding round led by Valar Ventures. Other investors in the round include Presight Capital, and existing investor Unbound, the UK-based investment firm that led Syfe’s seed funding… Read More

Canada: Payments Tech Firm FSS to Help Modernize Everlink’s Card Operations

Payments tech firm FSS (Financial Software and Systems) is helping Everlink Payment Services Inc., a payments solutions working with Canadian credit unions, banks, and SMEs, modernize its card operations to support its future growth plans. According to a release, the FSS solution was chosen as… Read More

Spun Out from Santander, Mouro Capital Leads First Investment with Uncapped, a Unique Online Financing Platform

Earlier this month, Banco Santander announced that its venture arm, Santander Innoventures was being spun off and renamed as Mouro Capital. Today, Mouro Capital is announcing its first investment leading a $26 million funding round in Uncapped. The funding round was said to include both… Read More

Transferwise is Saving US Customers Lots of Money Compared to Other Fintechs (and Banks)

Transferwise, a UK based Fintech that has gone global, has distributed a note promoting the savings it can generate for US customers. Transferwise is a Fintech that allows you to quickly and inexpensively transfer money anywhere – minus hidden fees and silly exchange rates. The… Read More

Binance Futures Reports $1 Trillion in Crypto Derivatives Trading Volume

Zhao Changpeng

Binance Futures, a crypto derivatives exchange, is reporting $1 trillion in trading volume – year to date. Binance Futures started a year ago in September 2019 and claims title as the market leader. Binance Futures is part of Binance – the world’s largest digital asset… Read More

Transferwise Books 4th Year of Profitability, Serves Over 8 Million Individuals, Processing £67 Billion in Fiscal Year

Transferwise, a Fintech unicorn and fast-growing stealth bank, has published its annual report for the fiscal year ending March 2020. According to the document, Transferwise’s annual profit more than doubled to £20.4 million during the year – the fourth year in a row that the… Read More

Germany: Fintech Raisin Partners with Procheck24 on Offering for Deposit Solutions

Procheck24, Germany’s largest financial product broker, is collaborating with Raisin to offer a “novel” deposits solution for financial institutions. According to a note from Raisin, its services will now be made available via Procheck24’s 60,000 business partners including client banks. Raisin is an open banking… Read More

Send this to a friend