Boerse Stuttgart announced that it has acquired 100 percent of Sowa Labs GmbH with effect from 30 November. The fintech company, which is based in Ulm, Germany, specialises in predictive data analytics and has been analysing data by using proprietary artificial intelligence since 2013. Its core area of business is real-time analysis of the rapidly…
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InvestCloud Inc., a global FinTech firm, has announced UK startup Freetrade as the first firm to enter its UK Innovation Center. Freetrade is using the space to bring its app-only stockbroker to market. Founded by former KPMG accountant Adam Dodds with Co-Founder André Mohamed, Freetrade is democratising investing. It offers zero commissions on basic accounts…
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The Dubai Financial Services Authority (DFSA) and ASIC today signed a Cooperation Agreement which provides a framework for cooperation to support and understand financial innovation in each jurisdiction. The DFSA regulates the Dubai International Financial Centre (DIFC). Dubai has recently set up a number of initiatives aimed at encouraging fintech innovation, including the 'FinTech Hive'…
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The Monetary Authority of Singapore (MAS) today announced it has joined the Massachusetts Institute of Technology (MIT) Media Lab in Cambridge, Massachusetts. This collaboration will also help to strengthen Singapore’s talent pool in the FinTech industry, by providing Singapore-based industry professionals and researchers with opportunities to work alongside MIT researchers. Financial institutions and FinTech players…
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Quoine is the first global cryptocurrency FinTech company to receive a license from Japan Financial Services Agency Quoine’s ICO, also known as the QASH Token Sale, started on November 6th at 00:00AM SGT. The QASH Token Sale had 4,988 participants from 98 countries around the world. At the end of the sale on November 8th at 23:59PM…
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The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have signed an agreement to strengthen co-operation on FinTech between the two cities and foster FinTech development within the region. The Co-operation Agreement (“Agreement”) was exchanged on 25 October 2017, at the FinTech Day organised by the HKMA. As part of the…
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EquiChain, the London-based FinTech specialising in blockchain technology for capital markets, announced that it has been accepted into the Abu Dhabi Global Market (ADGM) Regulatory Laboratory (RegLab) programme to develop and test its latest FinTech innovation. In doing so, paving the way to become a key part of the financial market infrastructure of the United…
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Changes brought about under the latest Payment Services Directive, PSD2, mean that Marketplaces will no longer be exempt. For Marketplaces to remain exempt under PSD2, they should act only on behalf of the payer or the payee or not at any time enter into possession or control of client funds. Saxo Payments announced that it…
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The Financial Markets Authority (FMA) and the Australian Securities and Investments Commission (ASIC) have re-affirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation. The FMA and ASIC entered a wide-ranging Memorandum of Understanding (MoU) in 2012. Today in Sydney, senior executives from both regulators discussed the opportunities and challenges…
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The Commodity Futures Trading Commission’s LabCFTC has today released, “A CFTC Primer on Virtual Currencies.” This primer is the first of a series that LabCFTC will release to provide fundamental, and essential, information about financial technology (FinTech) innovation. LabCFTC believes that promoting education, understanding, and regulatory clarity around emerging technologies can help facilitate market-enhancing innovation…
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