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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 News Roundup Online Lending

·Apr. 20, 2017

Challenger Bank Revolut Adding New Mortgage Offering

Revolut has partnered with Trussle to offer mortgage loan solutions for its clients; the partnership is the most recent in a series of partnerships for the digital only bank, adding to lending solutions from lenders Lending Works and Bricklane; Trussle will provide a multi-lender service to Revolut customers through technology that can recommend mortgage loans for first time borrowers and suggest alternatives for current borrowers. Source

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Europe Fintech News Roundup

·Apr. 20, 2017

French Telecom Orange Launches Bank

Orange is a large French telecom company located in France; users will be able to create an account in an Orange store or completely online; service will be open to non-Orange customers; there will be no monthly fees provided users use their attached payment card; Orange has also partnered with IBM's Watson to provide user support and is also working to add insurance products and loans to the service. Source

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News Roundup Online Lending

·Apr. 20, 2017

Harvard Study Outlines Key Factors Affecting Online Lending Nationwide

A new study has been released by two researchers at the Harvard Kennedy School of Government; it reports on the evolution of online lending and outlines factors for sustainability; suggestions include harmonizing state lending laws and increasing state usury caps; the entire report can be downloaded from this link. Source

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Fintech News Roundup

·Apr. 20, 2017

Alibaba’s Alipay and Tencent’s WeChat Processed over $3tn in 2016

According to a report from UN-based Better Than Cash, between Alibaba's Alipay and Tencent's WeChat, customers sent over $3 trillion in payments in 2016; the chart above shows how far the services have come since 2012; percentage of digital payments (online & mobile) went from 3.5% to 17% of all transactions over the same time period; Alipay and WeChat own 63% of the market for digital payments. Source

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Fintech News Roundup

·Apr. 20, 2017

Wealthfront Expands to Offer Lending

Robo adviser Wealthfront has announced in a blog post that it will expand its product offering to include loans; the firm is one of the premier robo advisers in the US; through a partnership with RBC Capital Markets, Wealthfront has uniquely designed a lending product for its current clients with at least $100,000; loans can be issued for approximately 30% of a client's account value. Source

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Fintech News Roundup USA

·Apr. 21, 2017

RealtyShares Releases 2017 Investment Survey

Survey provides insights on investors preferences for investing in real estate and demand for technology; the report shows only 2% of participants are very familiar with real estate crowdfunding providing opportunity for greater awareness of real estate investment platforms; additional highlights include statistics on investment performance perception, interest in real estate technology and thoughts on house flipping investments. Source

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Fintech News Roundup

·Apr. 21, 2017

ConsenSys Hires New Director of Energy and Consulting

ConsenSys has hired Tyler Smith as its new director of energy and consulting; the firm has its headquarters in New York and focuses on global blockchain development; Smith joins the firm from BHP Billiton where he was the head of blockchain for the world's largest natural resources company; he has also been involved with numerous activities involving blockchain development; his work at ConsenSys will focus on Ethereum blockchain solutions for the energy industry. Source

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Fintech News Roundup USA

·Apr. 21, 2017

eOriginal Announces New CEO

eOriginal has appointed Brian Madocks as the firm's new CEO; co-founder Stephen Bisbee will become president of the firm working directly with Madocks on eOriginal's digital documentation offerings and the company's growth; Madocks brings 25 years of business technology and application software experience with work in executive roles at Rivitas Inc., Vitalyst Inc. and SunGard Higher Education. Source

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Fintech News Roundup

·Apr. 21, 2017

Biz2Credit Partners for Small Business Financing in Puerto Rico

Biz2Credit has partnered with Puerto Rico's Oriental Bank to support online lending for the bank's commercial clients with a specific focus on small businesses; Biz2Credit and Oriental Bank will develop a digital lending platform for business credit cards, lines of credit, term loans, real estate loans, equipment purchases and SBA loans; the platform is reported to be the first of its kind in Puerto Rico. Source

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Europe News Roundup Online Lending

·Apr. 21, 2017

Lendix Expands to Italy

European marketplace lender Lendix will offer loans to Italian SMEs; the platform will now support peer-to-peer loans from EUR30,000 ($32,175) to EUR2 million ($2.1 million) for Italian businesses; Lendix has originated a total of over EUR70 million ($75 million) in business loans from borrowers in France and Spain. Source

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