News Roundup Archives | Page 193 of 715

Oldest

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 News Roundup Online Lending Real Estate

·Apr. 11, 2017

Funding Circle Announces Changes for Property Lending

UK online lender Funding Circle has announced it will be slowing its property lending with plans to fully end the product by mid 2018; the firm is primarily focused on SME lending and says the refocused strategy will help it to increase SME lending and shift its resources for international expansion; property loans have previously only been available to UK borrowers and the product has accounted for approximately 5% of the company's revenue. Source

Read Full Story

Europe Fintech News Roundup

·Apr. 11, 2017

European Investment Fund Report Reviews 20 Years of VC Investing

As a fund with access to 355 venture capital funds the European Investment Fund (EIF) was able to analyze European venture capital activity from 1996 to 2015 in their new report; the report points out that new funds performed almost as well as seasoned funds in selecting winners when economic times were good; on the contrary when economic times are not as fruitful the skilled venture capitalists were better at picking companies and avoiding big losses; the big takeaway from the report is that the real skill involves avoiding the big disaster investment in tough economic times. Source

Read Full Story

Asia/Pac News Roundup Online Lending

·Apr. 11, 2017

CBRC Issues New Guidance Regarding P2P Lending in China

The China Banking Regulatory Commission (CBRC) has issued a new guidance document titled, "Guiding Opinions on Risk Prevention and Control in the Banking Sector"; the document targets banking institutions and their risk prevention efforts related to internet finance businesses; it focuses on ten types of high priority risks and emphasizes the requirement that P2P lenders partner with a custody bank; in addition to further details on broad market rectification it also includes emphasis on student lending and microloan businesses. Source

Read Full Story

Europe Fintech News Roundup

·Apr. 11, 2017

FCA Regulator on Global Fintech Regulation

The Financial Conduct Authority's Director of Strategy and Competition Christopher Woolard has reported some concerns over fintech regulations globally; in a speech at the Innovate Finance Global Summit in London, Woolard specifically discusses fintech sandboxes noting concerns about establishing them before any government regulatory standards are in place and suggesting that countries institute some guidance before introducing sandbox initiatives; the UK has been a leader in sandbox innovation and the country plans to publish a full report in May on its first sandbox initiative. Source

Read Full Story

News Roundup Online Lending USA

·Apr. 12, 2017

Approved Launches for Digital Mortgages

Approved has raised $1 million in pre-seed funding and announced its launch; Approved provides lenders with a solution for moving their lending operations online; the platform technology provides for increased transparency and faster processing times; the company will target established originators seeking to modernize their lending businesses. Source

Read Full Story

News Roundup Online Lending

·Apr. 12, 2017

Growth Street Hires Two New Executives

Marketplace lender Growth Street has hired two new executives to support its expansion plans; April Nardulli will join the firm as general counsel bringing experience from RateSetter; Chris Weller will be joining as commercial director to support commercial loan business development; launched in November 2016 the firm has originated over GBP54 million ($67.44 million) from business borrowers; the new appointments follow the recent hiring of James Sherwin-Smith as the firm's new chief executive officer. Source

Read Full Story

Asia/Pac News Roundup Online Lending

·Apr. 12, 2017

MoolahSense Adds Invoice Financing Product

Singapore-based marketplace lender MoolahSense has added invoice financing; the service will provide another lending product for businesses; the firm's CEO says the product is intended to extend the business services it provides to underserved small businesses; the product will be available for short-term capital needs of up to $15,000 and is expected to target returns of 12% for investors. Source

Read Full Story

News Roundup Online Lending

·Apr. 12, 2017

First Associates Receives Morningstar Servicer Ranking

Morningstar has assigned a MOR RV1 vendor ranking for First Associates; First Associates is an industry leading loan servicer for marketplace loans; Morningstar provides rankings of vendor service businesses based on a variety of business factors. Source

Read Full Story

News Roundup Online Lending

·Apr. 12, 2017

Biz2Credit Releases Small Business Lending Index Report for March

Institutional investors and small banks increased their small business lending in March, according to the Biz2Credit Small Business Lending Index report; institutional lending approvals increased to 63.6% and small bank approvals increased to 48.9%; the approval rate at big banks was unchanged at 24.1%; the approval rate at credit unions decreased to 40.7%; the approval rate at alternative lenders decreased to 58.2%. Source

Read Full Story

News Roundup Online Lending USA

·Apr. 12, 2017

Small Businesses Less Optimistic about Business Growth in March

The NFIB Small Business Optimism Index decreased to 104.7 from 105.3 in March and fell below expectations of 104.8; small businesses were less optimistic about business growth as momentum from the Trump administration slowed; lower sales expectations and uncertainty were key factors for the March Small Business Optimism Index report which collected its data prior to the delayed Obamacare vote which many small business owners were watching closely. Source

Read Full Story