News Roundup Archives | Page 190 of 715

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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.

Europe Fintech News Roundup

·Apr. 25, 2017

Dow Jones Venturesource Reports on European Venture Capital

Dow Jones Venturesource has released its first quarter Europe Venture Capital Report; venture capital funding for the quarter was EUR2.23 billion ($2.42 billion); Atomico's Atomico Ventures IV Fund led fundraising with EUR723.30 million ($786.02 million) representing 32% of total fundraising for the quarter; business and financial services was the top funding sector with EUR877.92 million ($954.05 million) across 163 transactions; Funding Circle reported one of the top five deals in the first quarter with its funding round of EUR94.43 million ($102.62 million); by geography, the UK led fundraising with EUR970.28 million ($1.05 billion) from 150 deals and France was second with EUR398.02 million ($432.53 million) from 78 deals; the full report is available here. Source

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Fintech News Roundup Real Estate USA

·Aug. 18, 2017

DreamFunded Expands Its Real Estate Investment Offerings

DreamFunded is launching new offerings under Reg CF; real estate investments on the platform will now be available for any investor; its first Reg CF offering is a fix and flip real estate loan secured by a first mortgage with a minimum investment of $500; the loan is offering 10% interest paid monthly. Source

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Fintech News Roundup USA

·Oct. 16, 2017

DTCC CTO Takes a Look at the Progress of Blockchain Technology

Writing an opinion piece on CoinDesk the Managing Director and CTO of the DTCC Rob Palatnick explores the progress of blockchain technology in finance; he says that while we are still in early days of implementation the industry has learned how important collaboration is to mitigate risk, enhance efficiencies and drive down cost; working together will help to avoid the many silos that exist today and allow for blockchain technology to reach its potential; he also looks at some of the recent consortiums and the work the DTCC has done so far in the space. Source.

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Fintech News Roundup

·Jan. 10, 2017

DTCC Selects IBM, Axoni and R3 for Distributed Ledger Solution

The Depository Trust and Clearing Corporation (DTCC) has announced development of a new distributed ledger technology solution for processing credit derivatives; DTCC has selected IBM, Axoni and R3 to lead the integration of the solution; IBM will manage the solution-as-a-service with Axoni providing infrastructure and smart contract applications and R3 participating as a solution advisor; the solution will be one of the first comprehensive financial services trade processing solutions used globally; its goal is to streamline, automate and reduce the cost of derivatives processing; the solution is anticipated for completion in 2018. Source

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Asia/Pac Fintech News Roundup

·Aug. 25, 2017

Dubai Looks to Challenge for Capital of Fintech

Dubai is quickly becoming a destination for fintech companies as the country has seen a surge in startups the last three years; according to Arif Amiri, CEO of Dubai International Financial Centre Authority (DIFCA), the country hosts 1,715 companies and banking assets have risen from $50 billion to $150 billion; financial services contributes 12% to gross domestic product, by 2024 that number is set to increase to 18%; Gareth Lewis, CEO and co-founder of Delio, which helps firms getting investment, told CNBC Thursday, "there's a fantastic opportunity in the Dubai region purely around the appetite for private investment." Source

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Fintech News Roundup

·Feb. 13, 2017

Dutch Payments Company Adyen Reports 80% Increase in Transactions

Adyen reported an 80% increase in 2016 payment transactions with transaction volume of $90 billion; the growth was attributed to partnerships with Uber, Spotify, Airbnb, Booking.com, Facebook, Twitter and LinkedIn; growth is expected to continue in 2017 with contributions from new in-store payment services which it expects to grow to 50% of its business; the firm also says the European Commission's Payment Services Directive 2 (PSD2) will help improve business for Adyen. Source

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News Roundup Online Lending

·Jan. 12, 2017

dv01 and Experian Announce Data Partnership

dv01 and Experian have announced a data partnership that will increase transparency for institutional investors; the collaboration will bring new data to dv01's platform allowing for broader risk analysis of marketplace loans and bonds; dv01's clients include leading hedge funds, banks and asset managers; the data enhancement will specifically provide for better analysis of origination trends, loan performance and borrower attributes. Source

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News Roundup Online Lending USA

·Nov. 7, 2016

DV01 CEO Shares Learnings from Mortgage Crisis and Bringing Transparency to Marketplace Lending

Forbes interviews Perry Rahbar, CEO of DV01 on his previous experience at Bear Stearns during the mortgage crisis and how that brought him to start his new firm; DV01 provides insight and transparency to portfolios of marketplace lending loans; DV01 has also been asked to participate in Lending Club's securitizations; according to Rahbar, "DV01 helps people get a transparent view of what's going on, what's causing problems and what's performing well. Historically, you couldn't do this in an easy fashion." Source

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Fintech News Roundup USA

·Jan. 30, 2019

dv01 Eyes Expansion Opportunities with New Round

dv01 shared they have raised a $15 million Series B round led...

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News Roundup Online Lending

·Nov. 14, 2016

dv01 Integrates with Intex to Bring Insight into Cashflows of MPL Loans

dv01, a company which specializes in reporting and analytics in the marketplace lending industry, has announced an integration with Intex Solutions; Intex is a provider of structured fixed income cash flow models; Intex and dv01 clients will now be able to run cash flows by importing pools of loans from dv01 into Intex's application; according to dv01 CEO Perry Rahbar, "Intex is the leader for cashflows in the structured credit markets, and the completion of this integration brings immediate value to our clients by simplifying and expediting their workflows." Source

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