Office of Comptroller of the Currency Encourages Banks to Issue Small Loans to Consumers

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The Office of the Comptroller of the Currency (OCC) issued a Bulletin today encouraging banks to issue small loans to consumers. In past years, banks have shied away from providing credit that was deemed too high risk to pursue and too costly to originate. As… Read More

Malta Government to Hold Blockchain Summit this Fall

Silvio Schembri, the Junior Minister for Financial Services, Digital Economy, and Innovation has announced the launch of the government’s first official blockchain event. The Delta Summit will become Malta’s official blockchain event as it seeks to become the blockchain island. Schembri said that the Delta… Read More

OurCrowd Signs MOU with Intesa Sanpaolo to Promote Access to Capital

OurCrowd and Intesa Sanpaolo Innovation Center, subsidiary of the Intesa Sanpaolo Group, have signed a Memorandum of Understanding (MOU) with the intent of Ourcrowd promoting access to capital for Sanpaolo startups. Global crowdfunding platform OurCrowd reports it has made significant strides in Western Europe, expanding… Read More

Australian Government Backs Fintech HashChing with $700,000 Loan from Jobs NSW

HashChing, a Sydney-based home loan marketplace, has just announced a $700,000 loan from Jobs NSW. Deputy Premier and Minister for Small Business John Barilaro said the NSW Government had backed the Fintech which is expected to create 46 jobs over the next five years. “Jobs for… Read More

SEC Again Urges ICO Issuers to Make Contact About Compliance

U.S. Securities and Exchange Commission Chairperson Jay Clayton told an audience in Washington Tuesday that companies seeking to raise funds via digital tokens in an Initial Coin Offering should be proactive in contacting the agency regarding compliance, Law360 reports. “We’re open for business,” said Clayton…. Read More

Cryptocurrency Platform Covesting Joins Enterprise Ethereum Alliance

Covesting, a fintech startup that is building a comprehensive cryptocurrency exchange and trading infrastructure, announced on Wednesday it has joined the Enterprise Ethereum Alliance, an open source blockchain initiative. Founded in 2017, Covesting is a cryptocurrency exchange and a trading platform that offers a complete and… Read More

Famed Economist Robert Shiller Attacks Bitcoin Again Saying Currency Experiments Nothing New

Robert J. Shiller, Professor of Economics at Yale and winner of a Nobel Prize for his work on financial bubbles, has come out yet again against Bitcoin stating that it may be just another failed currency experiment. In his article entitled, “The Old Allure of… Read More

EY Americas Tax Innovative Foundry Set to Host FinTech Pitch Day in Boston

On Wednesday, the EY Americas Tax Innovation Foundry announced plans to host a FinTech Pitch Day on June 28th at District Hall in Boston. EY reported it is inviting fintech startups from around the globe to pitch disruptive technology solutions. Twelve applicants will be selected to present to EY… Read More

Crowdcube Funded Club Members Featured in Startups 100 Best Businesses of 2018

On Tuesday, Crowdcube announced Funded Club members, Azoomee, Floom, Tutorful, NovelTea, PlanSnap, The Vurger Co., Thyngs, Kokoon, and Mindful Chef were featured in Startups 100 Best Businesses of 2018 list. According to the UK equity crowdfunding platform, Startups 100 is a long-running index of the “best” new… Read More

Assetz Capital Announces Its First Ever Rate Increase Across Access Accounts

UK-based peer-to-peer lending platform Assetz Capital announced last week its first ever rate rise across its access accounts. The online lender reported that the rate increase, which takes effect from 1st May 2018 until further notice, will take target interest rates for the Quick Access Account and… Read More

PeerStreet Milestone: Funds One Billion in Loans

PeerStreet, an online platform for investing in real estate backed loans, announced on Wednesday that one billion in loans have been funded through its marketplace since launch. This announcement comes after the investment portal announced the close of its $30 million Series B last month. PeerStreet reported that… Read More


Australian Digital Platform Afterpay Makes U.S. Debut With Urban Outfitters, Anthropologie, & Free People

Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Wednesday its launch into the U.S. Named as one of Australia’s fastest growing fintech companies by IDC, initial retailers integrating its “buy-now, pay-later” platform includes popular fashion and lifestyle retailer Urban… Read More

Insurtech Root Announces Significant Expansion in Columbus, Ohio Plans

Root Insurance, an Ohio-based car insurtech company, announced on Tuesday it is planning to significantly expand its presence in Columbus. This news comes nearly two months after the company secured $51 million in funding through its Series C round, which was led by Redpoint Ventures, with Scale Venture Partners… Read More

Flywire Announces Expansion of UK & European Operations

Flywire, a fintech firm that provides global payment and receivable solutions for education, healthcare, and commercial enterprises, announced on Tuesday a major expansion of its UK and European operations and team. Flywire reported it has moved into new space on Folgate Street in London’s Spitalfields District,… Read More

Finastra Adds Four U.S. Fintechs to Open Platform to Increase Innovation Collaboration in Financial Services

On Tuesday, Finastra welcomed four early adopters to its FusionFabric.cloud open platform. US-based Fintechs, including Tradle, Conversation.one, Active Allocator and GreenPoint Financial, are now on board to design and create apps on Finastra’s platform. According to Finastra, the addition of the fintechs represents the next wave of… Read More

Seedcamp Closes Fund IV at £60M, Collaborates with Seedrs to Provide Access to Retail Investors

Seedcamp, the leading European seed investor, has announced the close of a £60 million fund that has the backing of over 100 Seedcamp founders, angels and mentors. The fund also includes contributions of £2 million via a collaboration with crowdfunding platform Seedrs. The Seedrs partnership… Read More

SingularityNET and AI Decentralized Create New Industry Group: the Decentralized AI Alliance

SingularityNET and AI Decentralized have announced a new group: DAIA or the Decentralized AI Alliance. DAIA is said to be an open industry alliance aimed at fostering the development of decentralized AI technologies. SingularityNET is a decentralized platform and marketplace for AIs, lead by AGI… Read More

Dodd Frank Rollback Passes House, Moves to President’s Desk for Signature to Become Law

Today, the US House of Representatives passed a bill that has become known as the Dodd Frank rollback as it seeks to offset much of the law that become emblematic for regulatory overreach that caused more harm than good. The   “Economic Growth, Regulatory Relief and… Read More

Decentralized Gamer Playkey Buys Back PKT on HitBTC, Plans Next Steps

During May 29 and 29 June, decentralized gaming platform Playkey plans to buy back the PKT token on the HitBTC exchange. Although the buyback price will be determined by the exchange rate, the platform believes that the rate shouldn’t exceed $1.24 per PKT. During the… Read More