Here are the most read news stories from our daily newsletter today:...
News Roundup
This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.
Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.
Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.
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Just a few days ago we learned of Visa buying Plaid and...
The UK fintech market saw $2.8bn invested across 182 deals through three quarters, which surpassed all of 2016; the third quarter alone saw a record of $1.6bn in invesment; the number of deals closing was down when compared to 2016, though bigger deals have made the amount invested significantly higher; the figures can be attributed to Fintech Global, a UK based consulting firm. Source.
A development agency for the Scottish government, Scottish Enterprise, and its investment arm, the Scottish Investment Bank (SIB), have agreed to fund loans on the LendingCrowd platform; they will invest up to £2.75 million in Scottish small-to-midsized businesses, acting in parallel to the retail investors on the platform; the Scottish government earlier identified SMEs needing financing up to £150,000 as an economic development priority. Source
Business Insider provides their perspective on SoFi’s $500 million funding round that...
Making news this week were First Republic Bank, Shopify, Cross River Bank, Wise, Coinbase, Binance.US, Klarna, First Republic Bank, Nubank, Congress and more.
During the week I share the latest marketplace lending and fintech news...
The SEC's Division of Investment Management has published an investor bulletin including suggestions for investment advisers on meeting disclosure, suitability and compliance obligations under the Investment Advisers Act of 1940; the SEC's Office of Investor Education and Advocacy also published a bulletin for individual investors providing information to consider when investing with robo advisers. Source
JP Morgan Chase is making its biggest acquisition since the financial crisis...
US stock exchange firm Nasdaq has announced the launch of Nasdaq Ventures; Nasdaq Ventures will be a venture capital investment unit of the firm; the business will focus on discovering, investing in and partnering with fintech companies globally; the business unit plans to make minority stake investments of $1 million to approximately $10 million in companies at all stages of development. Source