Experian is the most recent company to join the Marketplace Lending Association; credit reporting agency Experian has become actively integrated in the marketplace lending ecosystem and is committed to supporting transparent and responsible financial innovation for the marketplace lending industry; Experian's expertise in data and analytics will greatly support the goals of the Marketplace Lending Association. Source
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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Experian will integrate BioCatch with its fraud prevention platform; the new platform services will use behavioral biometrics to help clients detect fraudulent credit card and loan applications; with BioCatch clients can consider a range of factors including the speed at which information is entered and how familiar a user is with the application process. Source
S&P Dow Jones Indices and Experian recently released data through December 2018...
Experian just acquired credit reporting fintech ClearScore for $385mn; this follows the mortgage brokerage deal they did with London & Country Mortgages back in December; Experian is looking to expand their offerings and brand through the deals; this is part of a wider trend in fintech as more incumbent players have seen the value fintech startups have brought to market. Source
An article produced in collaboration with the SWIFT Institute shares the current...
Financial Planning explores the possibility of an IPO from the leaders in the robo-advice market including Betterment, Wealthfront and Personal Capital; the companies continue to raise money but some question the viability of the market; Betterment has over $10 billion in assets under management, Wealthfront has $7.4 billion and Personal Capital has $4.9 billion; the companies have a combined 420,000 clients and 548,000 accounts; article shares statements by each company regarding IPOs and the differences between the platforms. Source
Since the financial crisis the non-bank lending sector has grown tremendously; while...
According to the index, fintech adoption among consumers has almost doubled over...
Ernst & Young has released its EY Global Banking Outlook 2017 report which provides insight on incumbent bank investments; says approximately 60% plan to invest in new technologies and reports that banks have the highest priority on customer facing technology; the survey report includes data from approximately 300 banks across Europe, the Americas, Africa and Asia-Pacific. Source
China ranks top among 20 world markets in terms of fintech adoption, with 69% of surveyed consumer respondents saying they are actively using fintech services, 33 percentage points higher than the global average, according to a report by consultancy services provider EY; the report is based on more than 22,000 online interviews in 2017; around 64% of fintech users said they prefer using digital channels to manage "all aspects of their life"; money transfer and payment services are major drivers of the fast growth, said the report. Source