SEC halts AriseBank’s $1bn initial coin offering
The US Securities and Exchange Commission (SEC) has put the brakes on an initial coin offering (ICO) that was seeking to raise up to $1bn to develop ‘‎the world’s first decentralized bank’.
LuLu Exchange brings in Fiserv’s AML tech
LuLu Exchange, which provides cross-border remittance, currency exchange and other financial services, has bought in Fiserv’s AML Technology.
Hungarian InsurTech platform Netrisk.hu bought out by MCI Capital in €56.5m deal
Hungarian InsurTech platform Netrisk.hu has been bought up by private equity firm MCI Capital.
Amazon to consider move into global InsurTech market
E-commerce giant Amazon is reportedly considering a move into the InsurTech market.
Invuo sells contactless payment company SEQR to Glase FinTech in SEK8m deal
Swedish tech firm Invuo has sold its stake in contactless payment platform SEQR to fellow FinTech business Glase.
Seedrs, Portugal Ventures partner to support Portuguese FinTechs
Seedrs and Portugal Ventures have formed a partnership to support the Portugal ecosystem.
Confluence expects RegTech to make the way for DataTech in 2018
Confluence, a provider of investment data management automation for regulatory, financial and investor reporting, predicts RegTech will make the way for DataTech.
Banks prepare for MiFID II with Ethereum smart contracts
With MiFID II set to come into force in just a few days, UBS has initiated a project to use Ethereum smart contracts for compliance.
Coinfirm, QRC and NEO to create a ‘compliant blockchain economy’
Coinfirm, a AML/CTF risk and compliance platform, has partnered with Chinese blockchain giant NEO and blockchain venture platform QRC.
Lloyd’s selects REG to reduce administrative burden of coverholder compliance
REG, an online due diligence and regulatory compliance platform, has been selected by insurance giant Lloyd’s to assist in recording data and to help reduce the administrative burden on UK coverholders.
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