Unifimoney, a Savings and Investing Fintech, Choses UMB Bank to Provide it with Insured Deposit and Payment Integration Solutions

Unifimoney, a savings and investing-focused Fintech firm, has reportedly chosen UMB Bank to provide it with insured deposit and payment integration solutions and services. Unifymoney is an aspiring digital bank but like most US based digital banks it does not hold a banking license. The Fintech must partner with a chartered bank to provide services. […]

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Lawyer Amy ter Haar on the Ontario Securities Commission’s New Guidance for Cryptocurrency Trading Platforms

Toronto lawyer Amy ter Haar has provided her take on the Ontario Securities Commission’s (OSC’s) CSA Staff Notice 21-327: Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets. In short, the guidance could render any cryptocurrency trading platform subject to securities laws if they allow leveraged trading or do not […]

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SEC Schedules First “Capital Call” to Discuss State of Small Business Capital Formation

The Securities and Exchange Commission (SEC), Office of the Advocate for Small Business Capital Formation, has scheduled a public meeting to discuss the state of access to capital for smaller firms. The “Capital Call” is described as being held similar to a public company’s earnings report where participants may pose questions to the SEC’s representatives. […]

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AvidXchange Secures $260 Million Through Latest Investment Round to Support Continued Growth

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Friday it has raised $260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other leading investors, this brings total funding to more than $800 million. According to AvidXchange, the […]

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Fintech WiseAlpha Receives CPD Accreditation for Bond Academy

WiseAlpha, a marketplace for corporate bonds, is reporting Continuing Professional Development (CPD) certification for its Bond Academy. In December, WiseAlpha announced the Bond Academy – an entity that will be directed by independent expert instructor, George Flynn from Europeanhighyield.online. WiseAlpha is regulated by the UK Financial Conduct Authority (FCA) and seeks to “democratize” access to […]

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BMW Group Financial Services UK Partners With L Marks to Launch Third Startup Collaboration Program

BMW Group Financial Services UK announced on Thursday it has launched the third installment of its Innovation Lab, run in collaboration with corporate innovation specialists, L Marks. The financial services reported that this year’s lab has developed into a new “Relay format,” which enables focus on individual challenges, one at a time, in three back-to-back […]

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Israel Rocked Fintech in 2019

Israel is a country well-known for its innovation-driven economy. As the saying goes, in Israel you are either an entrepreneur or an investor. Spend a few days there and you will see what I mean. While the factors that have fostered a start-up boom are many there is no denying the fact that Israel is […]

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SEC Pursues “Convicted Criminal,” Boaz Manor, Who Offered Fraudulent Initial Coin Offering

The Securities and Exchange Commission (SEC) has announced another enforcement action targeting a bogus initial coin offering (ICO). According to a release, the SEC has charged convicted criminal Boaz Manor, his business associate, and two businesses, CG Blockchain Inc. and BCT Inc. SEZC, with raising over $30 million from hundreds of investors in a fraudulent […]

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