Among other policy initiatives aiming to boost the UK’s flagging economy, SEIS or Seed Enterprise Investment Scheme – a pro-innovation tax exemption received an adjustment as outlined in the Chancellor of the Exchequer’s “mini-budget” revealed last month. According to the document: “From April 2023, companies… Read More
Read more in: Uncategorized | Tagged eis, eis association, eisa, seis, uk, united kingdom
Recharge.com, a European payments company, has announced the launch of a global marketplace for people to purchase branded gift cards in a push to become the leading branded payments company in the world. Recharge.com was founded in 2010 and is based in Amsterdam. Recharge highlights… Read More
Read more in: Uncategorized | Tagged günther vogelpoel, netherlands, recharge.com
Funding Circle (LSE: FCH), which claims to be the UK’s largest small business lending platform, and Bayview Asset Management, an investment management firm headquartered in Coral Gables, Florida, announced a lending partnership that is “targeting the provision of £700m funding to small businesses over an 18… Read More
Read more in: Uncategorized | Tagged europe, florida, funding circle, lending, lisa jacobs, small businesses, smbs, sme's, uk, united kingdom, united states, us
The North American Securities Administrators Association (NASAA) has announced a new Statement of Policy regarding peer-to-peer lending (P2P Lending) adopted during its annual Fall Meeting in Nashville. P2P lending is the act of individual investors providing capital to a borrower – either for a single… Read More
Read more in: Uncategorized | Tagged melanie senter lubin, nasa, north american securities administrators assocation, p2p, peer to peer
Crypto exchange Bitfinex is out with a note that it will support the Ethereum fork that will continue the Proof of Work (PoW) process. This follows the successful Merge that was completed today migrating Ethereum from Proof of Work to Proof of Stake (PoS). Multiple… Read More
Read more in: Uncategorized | Tagged bitfinex, ethereum, fork, the merge
Regtech SteelEye, a London-based firm, has raised a $21 million Series B round led by Ten Coves Capital, according to the firm. Other investors in the round include; Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and apparently “a large family office.” In total,… Read More
Read more in: Global, Regtech & Legaltech, Uncategorized | Tagged brian lynch, matt smith, steeleye, uk, united kingdom
PayPal (NASDAQ:PYPL) and Intuit (NASDAQ:INTU) are the newest members of the Financial Technology Association (FTA) according to a statement by the group. The two big tech firms join a growing roster of Fintechs aiming to have their voices heard inside the beltway. Names like Block,… Read More
Read more in: Uncategorized | Tagged financial technology association, fta, intuit, paypal, penny lee
Klavi, a Brazilian Fintech startup, has raised $15 million in a Series A funding round. The funding was led by venture capital funds Iporanga Ventures and Parallax Ventures and included GSR Ventures. Klavi said the banking infrastructure provider CIP S.A. and Vivo Ventures, Vivo’s Corporate… Read More
Read more in: Uncategorized | Tagged brazil, open banking, open finance
BlackFog, a global cyber security firm, has published a report on global ransomware that indicates August was the second-highest month of all time for cyber ransom-driven attacks. The report states: “In August, we recorded 39 ransomware attacks, the second highest month we’ve ever recorded. Healthcare… Read More
Read more in: Uncategorized | Tagged blackfog, ransomware
Investor’s Business Daily and MarketWatch, two financial publications, have published a list of the most trusted financial companies without a single Fintech being recognized. According to IBD, Marketwatch, the best of the lot went it comes to consumer trust are as follows: USAA: Auto Insurance… Read More
Read more in: Uncategorized | Tagged marketwatch
Digital banks and neobanks are a fairly recent evolution in the financial services world. Incumbent banking has been around for decades, if not hundreds of years. Old banks taking deposits for safekeeping, paying little in return (or charging fees), packaged with mediocre services, and queues… Read More
Read more in: Fintech, Global, Uncategorized | Tagged cma, competition and markets authority, First Direct, hsbc uk, monzo, royal bank of scotland, starling bank, tsb, uk, united kingdom, virgin money
Earlier this week, the US Department of Treasury, Office of Foreign Assets Control (OFAC), sanctioned crypto mixer Tornado Cash. OFAC claims that Tornado has been utilized by North Korea and its “malicious cyber activities and money-laundering of stolen virtual currency.” Interestingly, Tornado received some support… Read More
Read more in: Uncategorized | Tagged fiod, mixer, netherlands, tornado.cash
Earlier this week, it was reported that a bipartisan group of US Senators had developed legislation aimed at providing greater regulatory clarity regarding crypto in the US. Senators from the Senate Agriculture Committee joined to craft a bill that gave the Commodity Futures Trading Commission… Read More
Read more in: Blockchain & Digital Assets, Opinion, Politics, Legal & Regulation, Uncategorized | Tagged bitcoin, cftc, commodity futures trading commission, ethereum, legislation, lolli, perspective
Crypto exchange Okcoin is reporting a 125% increase in institutional trading from Q1 to Q2 2022. Okcoin said this is the fourth consecutive quarter that institutional transactions more than doubled from the prior quarter. Institutional customers jumped by 13% in Q2 and 28% for the… Read More
Read more in: Uncategorized | Tagged jason lau, okcoin
The UK’s Financial Conduct Authority (FCA) has appointed six directors as it “expands its headcount to meet a growing remit and to achieve its ambitious strategy, which launched in April.” The appointments announced recently, which fill a mix of new and existing roles, “draw on… Read More
Read more in: Global, Politics, Legal & Regulation, Uncategorized | Tagged europe, fca, financial conduct authority, financial services, nikhil rathi, uk, united kingdom
eToro, a modern spin on investing and trading that merges both digital assets and traditional securities, has axed its SPAC deal, according to a statement issued by the company. At the same time, Calculistech is reporting that their headcount is being slashed by 100 employees… Read More
Read more in: Featured Headlines, Global, Investment Platforms and Marketplaces, Uncategorized | Tagged etoro, fintech acquisition corp. V, israel, spac
OpenSea, the most popular NFT marketplace in the world, has experienced a breach of user information. According to a blog post yesterday, an employee of Customer.io, a service provider for OpenSea, downloaded OpenSea’s email list, apparently to use or sell for illegal objectives. OpenSea stated:… Read More
Read more in: Uncategorized | Tagged bitfinex, nfts, opensea, paolo ardoino, tether
Borrow a Boat, the AirBnB of yachting, has closed its most recent securities offering at £3,017,30 backed by 670 investors. This most recent crowdfunded offering brings the total raised from individual investors to £7.8 million. As was previously reported, Borrow a Boat was raising equity… Read More
Read more in: Global, Offerings, Uncategorized | Tagged borrow a boat, matt ovenden, seedrs, uk, united kingdom
Pagaya Technologies has listed its shares on the Nasdaq following the completion of a SPAC deal with EJF Acquisition Corp. The shares are trading under the symbol “PGY” at around $5.70/share. The deal was approved by Pagaya shareholders on June 16, 2022, and by EJFA’s… Read More
Read more in: Uncategorized | Tagged gal krubiner, nasdaq, pagaya, spac
The UK Financial Conduct Authority (FCA) says it is dealing with scams faster by scanning thousands of websites daily and shutting them down when a nefarious actor appears. The FCA reports that between May 2021 and April 2022, it added 1,966 possible scams or frauds… Read More
Read more in: Uncategorized | Tagged fca, financial conduct authority, fraud, Jessica Rusu, scams, uk, united kingdom
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