P2P payments app Zelle saw a 60 percent jump in volume during...
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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Millennials are one of the largest target markets for digital only banks...
During the week I share the latest marketplace lending news on Twitter as it...
An article in Tearsheet discusses how VCs are more interested in funding companies looking to improving legacy financial systems; Patricia Kemp, partner at Oak HC/FT responded to a comment about the prospects of consumer facing fintech in 2018 stating, “The largest category of successful fintech are the ones that are helping the banks get there.”; while there are still opportunities for new consumer solutions, it is just as important to innovate on back-end systems. Source
According to reporting in CoinDesk last month money manager VanEck filed to create the VanEck Vectors Bitcoin Strategy ETF and last week that effort was given bad news by the SEC; the SEC sent a letter to VanEck stating that they cannot review the offering because "the underlying instruments in which the fund intends to primarily invest are not yet available." Source.
OnFido was founded by three Oxford grads who are all under 30; Microsoft’s venture capital arm participated in the Series C round; other participants included Crane Venture Partners, Salesforce Ventures and other existing investors; in total the company has raised over $60 million for their product that uses machine learning to verify identity. Source
According to data from LinkedIn there are more than 150,000 data scientist...
The Securities and Exchange Commission (SEC) denied the approval of a rule change proposal that would have allowed for the Winklevoss Bitcoin ETF to be traded on the Bats BZX Exchange, also operated by the Winklevoss brothers; approval would have created the US's first publicly traded bitcoin investment fund; the SEC cited two main factors in their disapproval of the investment: 1) the Exchange lacks surveillance-sharing agreements with significant markets for trading the underlying bitcoin commodity and 2) the markets involved in bitcoin trading are not sufficiently regulated. Source
U.S. fintech funding reached its highest level in 5 years in 2018...
Fintech Week Tel Aviv 2020 International P2P Lending Volumes December 2019 Signature...