The lead regulator for broker dealers has launched an Office of Innovation...
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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PayPal founder Peter Thiel, and his fund Valar Ventures, led a $10 million seed round in German insurtech startup Coya; other investors in the round include e.ventures and La Famiglia; Dr. Peter Hagen, one of the founders of Coya, tells Business Insider, "This investment will allow Coya to further extend our team and build up an exceptional product for our customers."; the company is planning to build a digital insurance provider and is in the process of trying to get full authorization from German regulators; founders of Coya include two former Kreditech employees and ex-CEO of Vienna Insurance Group. Source
Lenders are facing some extraordinary times right now as they try to...
It took three years for Marcus to bring a mobile app to...
The new API by Fidelity Investments called Fidelity Access will give third parties access to customer data; the idea behind the program is for customers to give apps focused on tax prep, budgeting or portfolio advice access to their Fidelity data; Fidelity believes this will cut down on cyber crime as access will be more secure instead of a user passing along their credentials; they are following a number of other financial institutions who have started similar programs recently. Source.
OnDeck shared a mid-quarter update to investors and the outlook isn’t as...
The round was led by NEA and Wing Venture Capital; the company works with mobile operators to access consumers in emerging markets, offering pre-paid customers a micro-loan when they are low on data or minutes; through the app, users are also able to build up their credit over time and Juvo hopes to offer users more financial services products in the future; the seven carriers that Juvo works with also benefit by reducing customer churn and increasing revenue. Source
Ally Bank has expanded its banking products to include mortgages and will offer the loans through an online service called Ally Home; the online service offering seeks to meet heightened expectations and shifting market priorities for digital, tech-driven customer experiences; with Ally Home, borrowers will have the option to manage their communication through email and their documentation online through any device; the bank also says it has partnered with mortgage servicing specialist, LenderLive, to provide fast and efficient service. Source
Here are the top news stories from our daily newsletter today: Affirm’s...
Business Insider provides their perspective on SoFi’s $500 million funding round that...