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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.
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Writing in Forbes the Founder and CEO of the Financial Health Network...
German fintech Deposit Solutions has acquired Savedo; Savedo is also a startup in the fintech space and the two firms offer similar services; Deposit Solutions provides a deposit marketplace for savers allowing them to move funds among 15 European banks in order to achieve the highest rate of return; Savedo will help Deposit Solutions expand its offering by adding 13 new banking partners and integrating 18,000 new customers. Source
Global fraud prevention and identity verification startup Emailage raised $10 million in growth funding; the round included Anthos Capital, with participation from Radian Capital, Wipro Ventures, Mucker Capital and Tallwave Capital; they are looking to increase existing partnerships and accelerate growth in North America, Europe and Latin America markets; the company provides real-time risk intelligence by leveraging the email address as a unique global identifier. Source
Intrinio CEO Rachel Carpenter said the mission of her company is to make raw data fields available; they recently partnered with Nasdaq to include their real-time data feeds within the marketplace; they offer over 150 different data APIs and have built the company to bring Warren Buffet’s investment ideas to life in software; individuals can access the data for $75 a month and companies pay a custom rate. Source.
A new report estimates that around 22% of fintech jobs in the...
The London-based startup that focuses on millennials raised 450,000 British pounds in seed funding from Passion Capital, with participation from Jason Butler; the funds will be used to build out the team and continue product development on Finimize MyLife; the company's Finimize MyLife product is a free online financial advice platform for millennials that provides anyone with a detailed and personalized financial plan guided by research and algorithms. Source
With the coronavirus causing havoc in financial markets and likely leading to...
According to the Financial Times 2018 Global Alumni Survey graduates explained they thought finance was taught the best but fintech was near the bottom of the 18 subjects; one of the main reasons for the bad scoring is that fintech is not offered at many schools; Schools are trying to grapple with how to cover the term fintech as it could mean many different things; Schools that do teach courses on fintech see that students want to learn about it and hopeful to see it offered more. Source.
COVID-19 is leading to a 72% rise in the use of fintech...