Knowing what’s really important to consumers is critical to acquisition, retention and cross-selling in the banking industry. But Millennial stereotypes frequently fool financial marketers, muddling their marketing strategies with faulty assumptions. Turns out they love branches just as much as Gen X and Baby Boomers. And all generations share one thing in common: They expect more, particularly in digital channels.
Michael Gastauer, CEO of WB21 digital bank, is facing a lawsuit for selling $165 million worth of fraudulent microcap stocks.
On October 2nd, the US Securities and Exchange Commission (SEC) revealed a lawsuit against Michael Gastauer and Roger Knox for “intentionally defrauding investors by secretly dumping large quantities of stock.”
Over the past year, the U.S. Securities and Exchange Commission has ramped up its scrutiny of cryptocurrencies and other digital token offerings. On Sept. 11, 2018, the SEC escalated its crackdown when it announced a pair of settled enforcement actions against non-issuers participating in the offer and sale of cryptocurrencies it deemed unregistered securities. As with prior cryptocurrency cases, the SEC charged the defendants with offering or selling securities without filing a registration statement or having a valid exemption from registration. However, these cases mark the SEC’s first cryptocurrency enforcement actions against non-issuers for failing to register as broker-dealers and investment companies. As such, they highlight the SEC’s continuing efforts to bring the purchase and sale of cryptocurrencies within a regulated framework, including by targeting third parties who facilitate the purchase and sale of such assets.
On September 20, second day of Consensus Singapore, Jeremy Berger (Life.SREDA VC Portfolio Director, COO Arival Bank) gave a speech on the digital banking revolution at a meetup dedicated to the future of financial markets.
The digital revolution has seen a huge number of advantages for every sector and industry in recent years. Businesses have been given the ability to engage more easily and effectively with their customers than ever before. While interaction has increased significantly, a new level of disconnect between the business and the customer is also very apparent. Instead of heading to a physical store, customers are now faced with businesses that hide behind a screen. (more…)
If Financial Technology is at the forefront of disrupting traditional banking and financial systems, then it could be argued that Blockchain is at the forefront of FinTech. (more…)
On Thursday the IMF and the World Bank released a paper intended to function as a guideline for regulators regarding the fintech industry. The paper contains 12 elements which will definitely affect the trading world as well as the rest of the fintech industry. So what changes can we expect for the fintech industry, and more specifically the trading business? (more…)
A serial entrepreneur and keen solo traveller, Benjamin Yee, talks to us about the challenges and advantages of steering a software startup based in Singapore. He shares what it’s like to run a business with a broad global footprint. Finally, he tells us why electronic payments are the next logical step of his business. (more…)
Thailand has a plethora of coworking spaces to fit the tastes and needs of all professionals. There are coworking spaces for specific industries and niches. There are coworking spaces for particular platforms (i.e. green business), and there is even a small but growing group of hotels that are coliving hotels or hotels that support the coworking community around them. (more…)
By Ping An,
On August 13, the National Engineering Laboratory for Big Data Collaborative Security Technology – Financial Industry Security Research Center was inaugurated in Beijing, China. (more…)