Many Lending Club investors just use the filtering on LendingClub.com to make...
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.
American Banker takes a look at 6 ways payments has become a...
During the week I share the latest marketplace lending and fintech news...
The Office of the Comptroller of the Currency (OCC) has announced it will create an Innovation Office with staff in Washington, New York and San Francisco; the new Innovation Office is part of a broader framework for responsible innovation also released this week; the Innovation Office will provide a dedicated staff of government officials focused on innovation affecting federally chartered banks and the banking system; it will also seek to manage the OCC's framework for responsible innovation for banks and nonbanks. Source
Monzo's CEO talks about the digital bank's growing business in an interview with TechCrunch; the firm was recently granted a UK banking license with some restrictions; the digital bank has 100,000 users with activity driven by pre-paid Mastercards and mobile applications; Tom Blomfield gives his perspective on the fintech banking market and new PSD2 regulations; Blomfield also confirmed Monzo has already turned down an acquisition offer from a major bank. Source
Another busy news week in fintech with the Celsius bankruptcy saga taking another turn. We also had news from Block's Square small business unit, SWIFT partnering with Chainlink, JPMorgan's UK bank celebrates one year and more.
UK bank Barclays has launched a new service for its small and medium-sized business customers; it will now offer the business customers mobile credit applications for loans and overdraft products; loan approvals and funding can be received in an hour. Source
Digital lending startup MoneyTap raises $70m series B Zopa: Millennials are more...
"Bitcoin, a New Asset Class" has been published by authors Chris Burniske and Adam White; in their research they identify bitcoin as an emerging asset class analyzing its characteristics over time; they find that its volatility has been decreasing while its price has been increasing; the authors make the case for including bitcoin as an investment in modern portfolio theory calculations; they expect the cryptocurrency to gain increased institutional investment and imply that including it in a modern portfolio theory managed account could help investors more efficiently manage the investment risk according to their risk tolerance. Source
In its most recent podcast, ReBank talked with Rob Moffat of Balderton Capital; the podcast provides a venture capitalist's view on European fintech; Moffat talks about the market opportunities for investment and the firm's investment portfolio; LendIt will also be featuring Rob Moffat as a PitchIt judge at this year's LendIt Europe event in October. Source