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Updated: 2 weeks 1 day ago

GMEX Builds Digital Capital Markets Technology Suite With IBM Blockchain Platform to Support Digital Assets

Thu, 09/19/2019 - 12:05

GMEX Technologies Ltd., a wholly-owned subsidiary of GMEX Group providing multi-asset post-trade business and technology solutions, announced on Thursday the latest release of its GMEX Fusion Digital Capital Markets technology suite (GMEX Fusion), which was built on IBM (NYSE: IBM) Blockchain Platform. According to GMEX,... Read More

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Revolut Adds Free Stock Trading for Premium and Standard Customers

Thu, 09/19/2019 - 11:57

Today, digital bank Revolut has announced the addition of free stock trading for both Standard and Premium customers. The feature is rolling out in 26 different markets including: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia,... Read More

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Payment Fintech Clearhaus Integrates with Payrexx for Processing Payments

Thu, 09/19/2019 - 11:45

Payrexx, a DACH (Germany, Austria and Switzerland) focused payment provider, will integrate with the EU payment Fintech and merchant acquirer, Clearhaus, for processing Visa, Mastercard, Google Pay and Apple Pay payments online, according to a company release. The two companies expect the partnership to boost... Read More

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Philippines Suspends Three Crypto Exchanges Operating Outside of Designated Zone

Thu, 09/19/2019 - 11:11

Officials from the Cagayan Economic Zone Authority (CEZA) have suspended three cryptocurrency exchanges licensed to operate in designated zones only but found to be operating in Metro Manila. Golden Millennial Quickpay, Liannet Technology Ltd and Asia Premier are all under suspension, “…until they transfer to... Read More

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Report: Germany Frontruns Libra, Passes Law Forbidding Private Currencies

Thu, 09/19/2019 - 11:01

As part of a “blockchain strategy” passed Wednesday, German Chancellor Angela Merkel’s cabinet has forbidden the issuing of currencies by private companies, Reuters reports. The move is likely a direct response to the announcement of Facebook’s Libra, a proposed in-app “stablecoin” cryptocurrency the company plans... Read More

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UK Peer to Peer Finance Association: Record Number of Lenders & Borrowers Engaged in P2P Lending

Thu, 09/19/2019 - 07:28

The UK Peer to Peer Finance Association (P2PFA) is reporting a record number of both borrowers and investors engaged in the peer to peer lending industry. According to the P2PFA, 150,000+ lenders invested in 321,483 loans during Q2 of 2019. During the three-month period from... Read More

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Detroit FinTech Bay Announces Detroit Blockchain Center to Join Location at TechTown

Sat, 09/07/2019 - 02:22

Detroit FinTech Bay announced on Thursday it is set to welcome the Detroit Blockchain Center as a resident within its space in TechTown Detroit. The organization reported that the Detroit Blockchain Center is a registered nonprofit with the state of Michigan focused on coordinating and... Read More

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EBANX Teams Up With AliExpress to Launch Experience Store in Brazil

Sat, 09/07/2019 - 02:14

Brazilian fintech EBANX announced on Friday it has formed a partnership with AliExpress, a global retail online marketplace of Alibaba Group, to launch a physical store in Curitiba, Brazil.  According to EBANX, the store consists of a 32 meters panel, installed in one of the... Read More

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Franklin Templeton Experimenting with “US Money Fund” Shares on Stellar Blockchain

Fri, 09/06/2019 - 23:18

Multibillion-dollar American investment firm Franklin Templeton has filed a prospectus with the SEC detailing a plan to use the Stellar Lumens blockchain for automated settlement of shares in a “US government money fund.” The shares resemble “stablecoins” in that, “The Fund uses the amortized cost... Read More

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tZERO CEO Addresses Patrick Byrne’s Departure in Open Letter, “No Impact” on Operations, as Board is Committed to Company’s Long Term Success

Fri, 09/06/2019 - 18:47

Overstock (NASDAQ:OSTK) has been rattled in recent weeks as founder Patrick Byrne departed from the firm he created as both an executive and a board member. Byrne left Overstock and multiple blockchain-focused projects following revelations of a long time relationship with alleged Russian agent Maria... Read More

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Financial Services Provider goeasy Announces New Partnership & Equity Investment in Fintech PayBright

Fri, 09/06/2019 - 18:43

goeasy Ltd. (TSX: GSY), a provider of financial services for non-prime Canadians, announced earlier this week it has formed a new partnership and invested in PayBright, a Canadian fintech platform focused on instant point-of-sale consumer financing and installment payment plans. goeasy reported that through the... Read More

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Overfunding: Property Renting Platform Inadash Surpasses £350,000 Funding Target Through Seedrs Round

Fri, 09/06/2019 - 18:02

Inadash, a UK-based property renting platform, has successfully secured its initial 350,000 funding target on equity crowdfunding platform Seedrs. Founded in 2016, Inadash claims to be the fastest-growing property app in London and is on a mission to build an “innovative way” for people to... Read More

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Caribu Cruises to $1 Million Reg CF Cap on Wefunder

Fri, 09/06/2019 - 18:02

Caribu, an App-based tech firm that enables interactive video calls (think drawing etc.) with your kids (or grandkids), has cruised to its $1 million funding cap on Wefunder. Interestingly, Caribu says that company revenue saw double-digit month over month growth throughout the Reg CF campaign... Read More

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FinTech Scotland Announces Consumer Panel Launch to Support Fintech Business Development

Fri, 09/06/2019 - 17:36

FinTech Scotland announced on Friday the launch of its new consumer panel to support fintech business development. According to FinTech Scotland, the panel will connect consumer and citizen advocate groups into the fintech ecosystem with the emphasis on citizen financial inclusion, problem-solving, and innovation.   “The... Read More

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Dutch Medtech Firm is First Pan European Crowdfunding Offering on aescuvest

Fri, 09/06/2019 - 16:24

Germany based investment crowdfunding platform aescuvest has kicked off pan-European securities offerings with Surge On Medical. The Dutch Medtech has developed technology aimed at setting new standards in precision and robotic surgery. Surge-On seeks to raise up to €5 million on aescuvest. A launch event,... Read More

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New York Regtech Trade Mission: UK Department of International Trade Seeks Applicants to Participate in Regtech Focused Trip to US

Fri, 09/06/2019 - 15:52

The Department for International Trade (DIT) is seeking applications from the UK Regtech sector to participate in a Regtech Mission to New York. The DIT Mission is scheduled to take place from November 13 to 15th. DIT states that the Mission offers UK firms the... Read More

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Lightening Strikes Twice? Mike Cagney’s Blockchain Focused Fintech Venture Figure Reported to Raise Funding at $1 Billion Valuation

Mon, 08/19/2019 - 13:13

SoFi is a Fintech that claims one of the largest Fintech funding rounds in the US of all time. Founded Mike Cagney, the entrepreneur departed the firm following revelations of a corporate culture that was lacking in professionalism. Cagney took a short break from the... Read More

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Better.com Completes Series C Round With $160 Million in Funding

Mon, 08/19/2019 - 12:44

U.S.-based homeownership platform Better.com announced on Monday it closed its Series C funding round at $160 million, bringing its total funding to $254 million in total. According to Better.com, Activant Capital, Ping An Global Voyager Fund, Ally Financial, Citi, AGNC, Healthcare of Ontario Pension Plan... Read More

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Crypto Exchange Edge Crowdfunds on BnkToTheFuture Led by Bitmex and Fenbushi Capital

Mon, 08/19/2019 - 11:53

Edge, a “non-custodial cryptocurrency exchange and wallet platform” is raising capital from a group of industry participants as well as smaller investors. According to a release, Edge has launched a “pre-series A” round seeking $2 million hosted on BnkToTheFuture. The round is said to be... Read More

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Switzerland to Heavily Promote Domestic Fintech Firms at Forthcoming Singapore Fintech Festival

Mon, 08/19/2019 - 11:19

Switzerland Global Enterprise (S-GE) and the Swiss Business Hub ASEAN expect to showcase approximately 30 different Fintech firms at the upcoming Singapore Fintech Festival this coming November. A noted Asian Fintech Hub, the annual Singapore Fintech Festival has captured wide participation from Southeast Asia as... Read More

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