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.
UK based challenger Starling Bank has seen some good success with their...
HSBC is following in the footsteps of JPMorgan Chase and Bank of...
Consumer and small business credit scoring platform, Nav, will now offer its small and medium-sized enterprise customers loans and financing services by Bank of America; Nav uses its MatchFactor algorithm to help show borrowers their chances of approval and have thus far helped to facilitate funding to over 160,000 companies; Nav CEO and Co-Founder Levi King said, "We are proud to partner with Bank of America, giving business owners even more ways to access the financing they need." Source
Finbee currently offers consumer loans and has announced expansion into business loans for small and medium-sized enterprises (SMEs); the expansion follows a new law enacted by the government to support online lending and a license obtained by Finbee for the service; the SME loans will be sourced from a separate website; Finbee will offer SME loans for up to 15,000 euros ($15,911) with a 12 month duration; different from the consumer loans, Finbee will not be covering defaults from SME loans with its compensation fund. Source
Canadian securities regulators released what they call a staff notice on "cryptocurrency offerings"; Coindesk reports on the notice, "With the offerings that we have reviewed to date, we have in many instances found that the coins/tokens in question constitute securities for the purposes of securities laws, including because they are investment contracts."; this has now become a trend in the market as the US SEC released a report and Chinese regulators released a statement about how they view this emerging capital raising method; the statement also covers companies looking to set up funds and encourages a regulatory sandbox to be created. Source
- Spanish bank launches money-transfer app focused initially on US-Mexico remittances
- Quicken Loans and eOriginal Partner on Next Phase of the Digital Mortgage Revolution
- Ripple & the Gates Foundation Team Up to Level the Economic Playing Field for the Poor
- Silicon Valley Vs. Wall Street: Can the New Long-Term Stock Exchange Disrupt Capitalism?
- P2P Series Part 3: China's Online Lending Consolidates As Market Grows
- Blockchain and Smart Cities: On the Way to the Second Capital of China
- Future of Fintech Awards shortlist 2017
Envestnet|Yodlee is a data aggregator which has been working with Abe AI...
UK crowdfunding platform The House Crowd has now reported five years of operations with fundraising of more than GBP44 million ($56.26 million); the platform offers property crowdfunding and P2P loan financing services; over 15,000 investors with the platform have earned over GBP9 million ($11.51 million) in returns; it has grown its staff to 20 with a number of recent additions and product expansions. Source
During the week I share the latest marketplace lending news on Twitter...