New rules coming out of Washington D.C. could require startups to get government approval before hiring foreign nationals to do work, according to reports. According to a report penned by Jeff Farrah, the general counsel of the National Venture Capital Association, Farrah argued the Commerce Department’s...
HealthJoy, the Chicago healthcare startup, has raised $12.5 million in venture funding. According to a report citing the company, the Series B round of fundraising was led by U.S. Venture Partners. U.S. Venture Partners’ Jonathan Root will join the board of the healthcare-focused startup. Other investors...
To help female founders of FinTech firms, Wells Fargo, Discover and PayPal are working to help bring venture funds to FinTech startups launched by women. With those efforts, a Female Founders in FinTech Live Pitch event was held at the SoHo office at PayPal on...
Banks have historically developed their own solutions for the marketplace, using sophisticated information technology (IT) and development resources. “If they wanted something for the marketplace, they would create it” and would design, develop and support those solutions for their unique needs, DadeSystems President and CEO...
The relationship between FinTechs and banks has been complicated, with relatively young upstarts competing with established financial institutions in a new and growing world of digital payments and commerce. But, in fact, banks and FinTechs may make for the perfect marriage, as each works to...
To keep revenues growing, tap new markets. To that end, a number of tech startups in China, eyeing a slowing economy at home, are raising money – and targeting operations – cross-border. Financial Times reports that the activity is centered among a “new breed” of...
With the fifth European Union (EU) Anti-Money Laundering Directive (AMLD 5) coming into force and raising a concern over the fourth AMLD, beneficial ownership is becoming front-and-center for financial firms. “This whole beneficial ownership aspect of a transaction is only becoming more and more important,” Global Data Consortium (GDC)...
Singapore-based FinTech startup Credit Culture has secured $29.4 million in funding from RCE Capital Berhad, a Malaysian investment holding company, according to reports. In a statement, Credit Culture said this is the “first time that a startup in Singapore has secured significant funding before the...
FinTech startups are introducing new ways for users to sift through information that was once hard to find: Intrinio, for instance, is now letting users search through notes and disclosures included on the SEC filings of U.S. public companies with keywords. Through the feature, users...