Kabbage launched a new website called www.helpsmallbusiness.com; the website allows consumers to...
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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Rebecca Lynn is a managing partner at Canvas Ventures and was also...
Parasail Health has built a lending platform to support loans for healthcare expenses; firm has partnered with healthcare companies to provide alternative payment options for healthcare needs; Parasail currently has contracts with over 700 providers and has built integration capabilities for approximately 15 channel partners; offers loans and simplified payment processing for a range of healthcare expenses. Source
Sentient Technologies has been developing an AI powered hedge fund for over a decade; Co-Founder Babak Hodjat has played a significant part in developing the company's AI powered system; Hodjat has 21 patents and his experience also includes development support for Apple's virtual assistant Siri; while many firms in the hedge fund space have been utilizing AI, Sentient is one of the only firms to build their entire business around it; the firm's AI system can analyze billions of data points, spot trends and adapt as it learns; in addition to developing investment decisions the AI system also facilitates trades which helps investment opportunities to be identified and acted upon faster; according to Hodjat, the vast amounts of publicly available data in the financial industry make AI ideal for investment management; the Sentient portfolio is highly diversified with a wide range of US stocks and trades hundreds of times per day; while the firm is becoming more well known for its AI focus it has yet to publicly disclose its performance; the company has received approximately $143 million and is owned by Li Ka-shing, and the Tata Group. Source
During the week I share the latest marketplace lending news on Twitter as it...
Coming out of the crisis will be hard work for lenders of...
The Digital Dollar Project is a group headed by Christopher Giancarlo, the...
BBVA recently announced a banking platform in the U.S. complete with a...
Ram Ahluwalia and PeerIQ have become a significant part of the ecosystem for marketplace lending providing loan data analytics and securitization research; Ahluwalia recently talked with Crowdfund Insider about his perspective on the market; cited institutional support as a positively improving factor for lenders with securitization issuance increasing 60% in 2016; says loan originations in 2016 still reported substantial growth despite industry challenges and notes PeerIQ is working with industry participants to help develop new products for retail investors; Ahluwalia also discusses the industry's regulatory concerns and competition from banks as well as the global market outlook for the industry. Source
Chinese online consumer lender, LexinFintech, filed a $500mn IPO to list on the Nasdaq; LexinFintech provides installment loans for consumers to buy products; regulators have been looking closer at consumer lending in China with recent companies listing on US exchanges; the listing is being underwritten by Goldman Sachs, BofA Merrill Lynch, Deutsche Bank Securities and China Renaissance. Source.