Kingdom Trust and Bancbox announce partnership

SIOUX FALLS, S.D., May 5, 2014 /PRNewswire/ — The Kingdom Trust Company, an institutional alternative asset custodian, and Bancbox, a financial technology innovator, announced the formation of a strategic partnership to streamline the crowdfunding and peer-to-peer lending platform experience for the IRA investor. This partnership will greatly enhance the IRA investor’s experience using the KingdomCrowdIRA.

1899904_628377650548704_2045783753_nBBX_ID_Main_RGB_Color

Scott Foster (SVP of Business Development) of Kingdom Trust elaborated on the announcement: “This partnership will create a paradigm shift in self-directed IRA investing on portals and platforms. It’s our belief that crowdfunding and peer-to-peer lending portals and platforms will continue to migrate to fully-automated and integrated escrow, compliance and custody solutions. This partnership will not only accelerate fintech innovation in crowdfunding, but it will also open the door to other areas of financial services.”

Bancbox co-founder and CEO Sanj Goyle said, “In addition to being the payments and compliance engine of choice powering 70-plus crowdinvesting and private placement portals, we see partnerships like this one as a means to bring liquidity to these portals and continue to create win:wins in this new ecosystem.”

Bancbox offers an API-driven approach that enables its clients to seamlessly integrate banking services into their applications. To simplify things even more, Bancbox has also incorporated compliance management and integrated with banks so its clients don’t have to.

“We continue to focus on value added beyond investor on-boarding and accreditation, regulatory compliance and third-party escrow services to now solving a key problem for crowdfunding and private placement portals — the need for retirement dollars to flow into this new asset class by providing the plumbing to enhance distribution, liquidity and transparency,” said Goyle.

The Kingdom Trust Company is a South Dakota chartered public trust company that specializes in the custody of alternative assets in Individual Retirement Accounts. It is a passive, non-discretionary custodian that does not provide tax, legal or investment advice. In addition, it does not provide, promote or endorse any investment products and does not promote or endorse any investment sponsors or investment advisors.

Tags: , , , ,

HEADLINE NEWS

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

LITTLE GUIDANCE FROM IRS ON TAXING CROWDFUNDING CONTRIBUTIONSBloomberg BNAWe've all heard the stories of crowdfunding appeals that go viral. Whether it's a musician raising money to produce an album, an inventor with a great idea, or a family in distress that needs help, cro [...]

VCCircleNew trends in crowdfunding that make it a potent fund-raising toolVCCircleOver the years, crowdfunding has become popular among entrepreneurs mainly because it's a great way to test the waters before you actually launch the product or service. You understand your idea [...]

FortuneIndiegogo's Difficult Path to Offering Equity CrowdfundingFortuneIndiegogo founder Slava Rubin discusses how Indiegogo's equity crowdfunding service has been performing since its launch in 2016. Photograph by Indiegogo. E-mail; Tweet; Facebook; Linkedin. Share icons. [...]

Telegraph.co.ukSkiTelegraph.co.ukBut now, to supplement her fast food income and to be more certain of joining her older sister Katie, a fixture on the Park and Pipe team, Summerhayes has launched a crowdfunding campaign with PledgeSports to raise some money towards her travel and ... [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

NewshubWoman born without vagina crowdfunding surgeryNewshubThe family of a woman born without a vagina has started a crowdfunding campaign to receive reconstructive surgery. Kaylee Moats, from Arizona, lives with Mayer Rokitansky Küster Hauser syndrome (MRKH) meaning she has no cervi [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

Global Crowdfunding Market 2017-2021PR Newswire (press release)Global Crowdfunding Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The rep [...]

AOL UKShould you forget the stock market and focus on crowdfunding?AOL UKIn recent years, the popularity of crowdfunding has soared. For example, in 2016 the amount raised through crowdfunding surpassed venture capital funding for the first time in its history. By 2025, it is estimate [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |