Some believe that the broad definitions in the proposed DOL rule will cause investment advisors to take a step back from advising their...

According to a 108-page report by Citigroup, banks in the US and Europe will cut another 1.7m jobs over the next decade. The reason -...

One step further in the implementation of Blockchain within financial services! The Depository Trust & Clearing Corp. (DTCC) is said...

The Office of the Comptroller of the Currency is intended to issue a white paper this week, aimed at kicking off discussions on how best...

New-York based wealth management platform, Betterment, secured $100m in Series E funding, led by the Swedish growth-stage investment...

Ireland based peer-to-peer currency exchange, CurrencyFair, secured 8m EURO in venture funding, led by Octopus Ventures. CurrencyFair is...

San Francisco based data aggregator and BI startup, Mattermark, secured $7.3m in Series B funding led by existing investor Foundry Group...

London-based blockchain intelligence firm Elliptic has secure $5m in Series A funding, led by Paladin Capital Group. Elliptic fit between...

California based online real estate investment management firm, HomeUnion, secured $16m in Series B funding with new investors such as...

Israel's booming tech community has been producing promising tech talent for quite some time now, and so it's no surprise that foreign...

Checkr, a San Francisco-based company that creates APIs enabling employee background checks, is raising the amount at a valuation between...

In early March, it was reported that Cruise Automation, the San Francisco based autonomous vehicle technology developer, had been...

With Apple Pay already available as a payment method on apps including Uber and in chains such as Duane Reade, Apple has announced it is...

"Uber for the ___ industry", startups comparing themselves to Uber has been all the rage for the past few years, but it turns out that...

With markets giving most investors (and hedge funds in particular) a headache in Q1 2016, finding alternative investment opportunities is...

Jumio, a startup that provides identity verification software, has filed for bankruptcy. The company is also being investigated by the...

The London-based payments provider, which enables businesses to accept bank-to-bank payments, will use the proceeds to increase sales and...

Partnering with Anthemis Group, UniCredit has earmarked the amount for investment in early and mid-stage fintech startups across Europe...

Forcing consumers to go cashless comes with concerns. Those hurt the most could be the poor and small businesses who today rely deeply on...

Global banking giants are struggling to keep their aging platforms with multiple layers of legacy code from crashing. Challenger banks...

Hackers continue to successfully attack the IRS. The underfunded agency doesn't have the talent or capital to stop them. The IRS has an...

This latest tranche of funding comes from the International Finance Corporation (IFC), a division of the World Bank.

PayPal's stock dropped on Thursday, as investors reacted to a rumor that Apple Pay will launch in Safari later this year, enabling in...

Advocating genocide was one sign that things had gone awry.. @Tay, MSFTs Twitter AI "chatbot", should have become cleverer and, through...

This FT Article explores some of the businesses that have been started by former spies to track everything from ships for hedge fund...

The Israeli government decided to prioritize cyber security 4 years ago as “an enabler of the economy”. Veterans of Israel's legendary...

A Palantír or "Seeing Stone" is a crystal ball, used for both communication and as a means of seeing events in other parts of the world...

Horizons Ventures, a private investment arm of Li Ka-Shing, has led a US$15.3 million funding round in the Berlin-based startup iP2P...

The Reston, Va.-based P2P lender focusing on veterans and small businesses will use the funds to further expand its platform.

The round...

Singapore-based remittance company raises $5m seed round from Vertex Ventures and Fullerton Financial Holdings.

Instarem is seeking to...

Following on from its £22m Series A last June, the round took the London-based, buy-to-let financing platform's total institutional...

For those of you left less-than-satisfied by the Basketball outcomes so far, PitchBook has decided to create an alternative Tournament:...

Palo Alto based online insurance company for SMBs, Next Insurance, secured $13m in series seed funding led by Ribbit Capital, Zeev...

Empire Startups' April NY Fintech Meetup will explore how higher education is increasingly focusing on financial technology in catering...

At a recent Trump rally, a Trump supporter punched a protester. The Donald claimed that he would pay the legal fees of the supporter who...

Analytics companies are transforming finance. By 2026, it's estimated that between 33% and 50% of finance employees will lose their jobs...

A new report by the Economist surveyed 203 global banking executives to understand the challenges and changes they face. Over one-half...

If the SEC gives its' green light, Overstock.co could be issuing the first public offering using the blockchain. Although these...

Future Finance, a Dublin based student lender raised a $171m venture and debt round, led by QED Investors, with participation from...

We were waiting for this to happen. Especially since Uber competitor, Lyft, announced it's own quick cashout platform called Express Pay...

EZbob, the London based online lending platform raised a $29m Series C round, led by Leumi Partners,and Oaktree Capital Management.

Congrats to StartupBootcamp's first fintech NYC program. Ten teams from around the world were selected to be a part of the inaugural...

Square acquired the startup Framed not for its technology, but rather for its data science team. These new Square employees will work on...

Fintech, an area of increased interest for students as the industry grows, has historically seen most of its hiring coming from...

Investors in the Argentina-based P2P lender's round include the IFC and Elevar Equity, who invested $4m each. 

Afluenta has...

The Vietnamese mobile wallet and payments company raised $3m from previous investor Goldman Sachs and $25m from Standard Chartered...

Matt Harris at Bain worries about the longevity of 2.0 originators, which tend to be only slightly differentiated fast followers of...

Delinquencies are rising in online-originated loans and funding from investors is getting tougher to secure.

Is this Wall Streets new tactic to maintain smart employees from burning out and running on to new adventures? Perhaps incumbents are...

If a few weeks ago the talk was about how social media data shouldn't be used for underwriting loans (or at least it would be frowned...

Congrats to Axoni, a new company backed by FinTech Collective's portfolio company Tradeblock, on successfully completing a...

Tradeblock has recently supported the launch of Axoni, a new company focused exclusively on the provision of permissioned ledger...

The Austin-based company, unlike robo-advisors such as Betterment and Wealthfront, provides retirement plan services for SMBs. Using...

FinLeap, the German fintech 'startup factory' that is seeking to churn out 4-6 fintech ventures per year, has just announced the launch...

In a reminder that robo advisory is not just the provenance of startups, RBS has announced that it is increasing its emphasis on...

Apart from the hilarious picture of Lowell (CEO), this year, Quovo's position within the bracket will be calculated using the number of...

Fidelity, BlackRock and other giants that helped fuel the technology boom are cutting the value of their startup investments at an...

Davis Polk lawyers believe the US elections will slow the pace of regulatory reform, but highlighted the DOL fiduciary rule as one of 8...

Shares of Metro Bank, the money-losing British lender started in 2010 by the American financier Vernon W. Hill II, rose 4 percent Monday...

Joshua Schwadron, CEO and co-founder of Mighty, the world’s first online marketplace connecting plaintiffs awaiting a fair legal...

BBVA has acquired Holvi an online-only bank for entrepreneurs and SMBs based out of Finland. (“Holvi” means “vault” in Finnish.) Terms of...

Atom bank, the UK based challenger back acquired Grasp, a design and development house. Last year, Atom received $128m in funding, led by...

San Francisco based, AlphaSense raised a $33m Series, led by Tribeca Venture Partners, with participation from Triangle Peak Partners and...

CardConnect, King of Prussia, PA. based payment processing and technology solutions provider was acquired by blank check company FinTech...

Pushing the online lending industry forward creating a deeper secondary market or bringing the industry under greater scrutiny? SOFI,...

Some US retailers are putting restrictions on card purchases, a result of new rules that put them on the hook for fraud. Some merchants...

Amid the debate over how to prevent a recurrence of Aug. 24 2015, a trading day marked by delayed openings, more than 1,000 halts and...

The New York based office space company, WeWork, can't be stopped. The six year old company's most recent raise of $430m on a $16b...

KPMG released their quarterlyanalysis of global venture capital trends in the fintech sector. According to the report, in 2015 the global...

The growing threat of cybercrime is very real. Hackers have seemingly been able to find weak links in almost every computer network. In...

Bankers were fined roughly $110b for their misdeeds in the mortgage market during the run up to the financial crisis.  You may not...

Deloitte Center for Financial Services released their “Banking reimagined” report last week. As part of the report, they “engaged in a...

HM Treasury and the Financial Conduct Authority are currently conducting a call for input on Financial AdviceMarket to understand how the...

Let's Talk Payments (LTP) put together a comprehensive list of 80 Insurance Tech startups. Insurance is all the rage right now, a new...

Oscar’s losses stem from being a startup, costlier customers and a shortfall in government programs. Oscar had to participate in...

Very happy to have Wunder Capital join FinTech Collective's portfolio! Wunder provides solar financing for medium-sized businesses, a...

Lending platform Borrowell has received $6.4m in operating and loan capital from a series of investors including Equitable Bank,...

Auxmoney, the German P2P lender, closed a Series D round led by Seven Ventures (the investment arm of ProSiebenSat1), with participation...

Citigroup has agreed to acquire American Express' portfolio of credit card loans made to Costco customers during its time as credit card...

With Barclays' announcement earlier this week that it intends to exit its Africa business, speculation is already rife that a familiar...

Demand for equity investment in the bank was so strong it crashed Crowdcube’s servers on 1 March when the campaign was initially launched.

Financial institutions continue to unanimously warn of the negative consequences should the UK leave the EU. 

BlackRock is the latest...

The stance of financial institutions (global and British) is well-known, but what do other sectors think about a potential Brexit?

In a...

In the latest poll of 2,000 senior businesspeople conducted by the British Chamber of Commerce ('BCC'), 60% responded they intended to...

Nutmeg, one of the UK's most prominent robo advisors, is reported to be seeking a replacement for its CEO, Nick Hungerford, as it seeks...

We've never hidden our admiration for David Bowie, and it appears that another famous Brit may now be vying for our attention. 

Andy...

The S&P was down 5.1 percent in January, but several enterprise software companies were down well below that. Box plunged 23 percent,...

Could it be Bitcoin? Bernstein’s Michael Parker highlights how high the transaction costs are for some of the best-known ways to slip...

Online lenders in the UK have been salivating at the possibility of tapping the Individual Savings Account (ISA) market on April 6th....

Dwalla fined $100k, Ripple fined $700k - These are not giant sums but the recipients are not giant companies either. Compare that to JPMC...

New data, less worries? Apparently, the market may be more resilient than what most Wall Street executives have come to believe. Recent...

The ranks of the global superrich shrank last year for the first time since 2008, a fresh signal that slower economic growth, stock...

CFPB isn't the first regulator to take actions against startups for not securing customer's personal data in a more protected fashion,...

According to WeChat, owned by China's Tencent, people sent each other a total of 8.08 billion red envelopes for Chinese New Year via the...

IEX, the start-up trading venue seeking to become a stock exchange, has changed its proposal in the hope of winning approval for its...

StoneEagle Services (VPay), a leading turnkey B2B payments platform, today announced a $76 million from FTV Capital. 

This latest funding brings the total raised by Souq to $425 million. Tiger Global and Naspers were participants. Both have also invested...

Has Alipay now got a real competitor? In their China launch, Apple Pay partnered with most of China’s big banks, and offered promotions...

The LSE and Deutsche Boerse have gone on a hiring spree for banks in a so-called "street sweep". The sweep is a classic M&A defense...

After last week's newsletter a Google self-driving car hit a public bus on a Silicon Valley street, a fender-bender that appears to be...

Jamie Dimon - 60yrs old and CEO of JPMC for 10yrs, riffs on what the future of finance will look like. Will Silicon Valley challenge Wall...