The proposed crypto ad ban on Twitter would block ads related to cryptocurrency wallets, exchanges and ICOs; Twitter would be following Google and Facebook who have already instituted blocks on these ads; the ban would come sometime in the next few weeks and would include exceptions; the bans have been seen as proactive steps to root out scams. Source.
News Roundup
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Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.
Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.
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Online small business lenders use digital and direct marketing to help find...
American Banker reports on the lobbying group called Financial Innovation Now and that some technology giants are meeting individually with government agencies; Amazon met with the OCC starting in the second quarter of 2016 and met again this year; PayPal has also met with OCC officials in several quarters last year. Source
InvestCloud is helping automated investment platforms with ISA offerings through their newest product, Emerald; Nutmeg partnered with InvestCloud for its Lifetime ISA; InvestCloud now has over 670 clients using the Emerald technology. Source
American Banker reports that Mike Cagney’s new company Figure plans to announce...
Banco BNI Europa and Varengold Bank AG have committed £90 million and £45 million respectively to MarketInvoice; MarketInvoice offers business loans and invoice finance through their platform and already has a variety of investors participating on the platform; Banco BNI Europa previously invested £28 million in 2016 and another £45 million in 2017; Varengold previously committed £45 million in September of 2017; MarketInvoice recently crossed the £2 billion mark. Source
Hu Liang, former director at State Street Bank and Trust's Emerging Technologies Center, tells CoinDesk he is building "the first large-scale institutional infrastructure specifically targeted towards crypto assets"; the company will be an infrastructure platform to provide software and hardware to connect with institutional order and execution management systems; he is looking to eliminate large buyers of cryptocurrencies having to create on the fly technology solutions to make their orders; Liang tells CoinDesk, "I am building a traditional financial services application that can serve the needs of anybody looking to be involved in crypto assets, whether that's holding it for the long term, whether that's trading it for the short term, whether that's transforming it or using it for a rail for something else." Source
YieldStreet is a platform which allows investors to access alternative investments such...
Christian Faes is the co-founder of LendInvest and served as the CEO...
Here are what I consider to be the top 10 most important...