News Roundup Archives | Page 114 of 715

Oldest

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.

To join our newsletter community please subscribe here.

Europe News Roundup Online Lending

·Feb. 1, 2017

Investment Comparison Service Orca Raises 280,000 British Pounds

Orca Money has raised 280,000 British pounds ($354,425) in a funding round led by TechStart NI; the UK company provides a comparison service for investors interested in P2P investments; the funding will primarily be used for development of Orca Retail, a financial media site which it plans to open in 2017. Source

Read Full Story

Fintech News Roundup Real Estate

·Feb. 1, 2017

Knock Raises Capital for Home Selling Service

Knock has raised $32 million in a Series A funding round; the firm plans to launch an online real estate platform that will provide for greater real estate market liquidity; the firm will compete with OpenDoor and OfferPad also offering similar services; it's currently testing its platform investments in Atlanta, Georgia. Source

Read Full Story

News Roundup Online Lending USA

·Feb. 1, 2017

Prosper Adds New CFO

Today, Prosper appointed Usama Ashraf as its new CFO; Ashraf will also oversee the capital markets side of the business to bring in new investors; Ashraf has more than 18 years experience in corporate finance and capital markets; recent positions include being the deputy chief financial officer and treasurer at Annaly Capital Management and corporate treasurer at USAA; David Kimball, Prosper's CEO stated: "We're thrilled to have someone with Usama's experience and track record in finance and global capital markets join our team. Usama will be instrumental in bringing new institutional investors onto the Prosper platform, including banks, as we continue to grow the platform in 2017." Source

Read Full Story

News Roundup Online Lending USA

·Feb. 1, 2017

Lending Club Exec Takes New Role at Payments Company

John MacIlwaine has taken a new role as chief technology officer at Braintree; Braintree is a mobile payments technology company owned by PayPal; MacIlwaine submitted his resignation at Lending Club in December. Source

Read Full Story

News Roundup Online Lending

·Feb. 1, 2017

InCompliance Update White Paper 2017

Professional Bank Services is a consulting company for traditional and non-traditional financial institutions; in their white paper they provide a sample of their ongoing communication on regulatory developments within the financial industry; includes announcements, recent revisions and servicing rules released by the financial industry's regulatory agencies. Sponsored Blog Post

Read Full Story

News Roundup Online Lending

·Feb. 1, 2017

Freedom Financial Adds New Data Access from PeerIQ

PeerIQ and Freedom Financial Network have signed an agreement that will allow new data access for Freedom Financial Asset Management and its clients; Freedom Financial Asset Management is a marketplace lending platform offering consumer loans; the data access will include PeerIQ's full suite of tools which will also be available to the platform's institutional investors; Freedom Financial Asset Management will also utilize PeerIQ's fair valuation services which launched last year. Source

Read Full Story

News Roundup Online Lending USA

·Feb. 1, 2017

Video of the Week: RiverNorth’s Marketplace Lending Fund

Allen Webb of RiverNorth talks about the firm's marketplace lending fund; gives an overview of the portfolio selection criteria; talks about the fund's structure and some of the liquidity challenges presented by marketplace loans; says the firm is planning future webinars to educate investors on the fixed income investment.

Read Full Story

Fintech News Roundup

·Feb. 1, 2017

Folio Provides New Screen for Socially Responsible Investing

Brokerage service provider Folio has added a new socially responsible screening filter for factory farming companies; the new screening capability will allow investors to filter out companies with records of animal abuse from data provided by The Humane Society of the United States; Folio says it also plans to add additional partnerships for new screens as requested by investors. Source

Read Full Story

Asia/Pac News Roundup Online Lending

·Feb. 1, 2017

New Dubai Crowdfunding Initiative Led by the DFSA

The Dubai Financial Services Authority (DFSA) has announced a consultation process that will begin to set a framework for P2P lending; following the consultation process the regulator is likely to begin issuing licenses for P2P lending businesses; the regulators initiative would provide for a new source of funding for borrowers and would also help to support small businesses. Source

Read Full Story

Fintech News Roundup

·Feb. 1, 2017

Lend Academy Article: Own SoFi, Other Fintechs through Renren

Renren is a US listed publicly traded company currently managing a social networking business and a portfolio of financial technology companies; investing in Renren can offer investors exposure to a portfolio of financial technology companies; Lend Academy provides more details in their article; Renren's fintech investment portfolio currently includes some of the industry's top companies; it owns approximately 21% of SoFi and is also invested in Lending Home, Motif Investing and Fundrise; recently the firm announced a separation of its fintech investment portfolio which could offer an even greater opportunity for returns; accredited investors can receive ownership in the proposed spinoff by investing in the stock. Source

Read Full Story