News Roundup Archives | Page 229 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.

Fintech News Roundup North America

·Aug. 9, 2017

Alex Tapscott Planning for IPO of NextBlock Global

Alex Tapscott has raised $20 million for NextBlock Global, an investment firm investing in projects selling cryptographic tokens; he now has plans to list the company on the Toronto Stock Exchange; Tapscott is also the co-author of "Blockchain Revolution," which he wrote with his father, Don Tapscott, last year; with the IPO listing of NextBlock Global he hopes to further accelerate adoption of ICOs and blockchain. Source

Read Full Story

Asia/Pac Fintech News Roundup

·Aug. 9, 2017

Timothy Li Reports on LendIt’s Lang Di Fintech 2017 in China

Timothy Li discusses the event and the interest in fintech from investors in his most recent journal entry on Crowdfund Insider; lists some of the top investors, outlines companies attending and shares some pictures from his time in China. Source

Read Full Story

Asia/Pac Fintech News Roundup

·Aug. 9, 2017

Lend Academy Article: Wu Jihan: The Mysterious Man Behind Bitcoin Blockchain Split

Bitcoin blockchain split on August 1, and rumors are that Bitmain CEO Wu Jihan is the man behind the split; Wu Jihan is an aggressive supporter for Bitcoin Unlimited, which believes that the size of these blocks should be increased; Wu Jihan's company, Bitmain, is the world's largest bitcoin mining hardware manufacturer; the company also runs the world's biggest mining pool, AntPool. Source

Read Full Story

Europe Fintech News Roundup

·Aug. 9, 2017

Old Mutual Selling Stake in VPC Specialty Lending Fund

Old Mutual has been decreasing its position in the Fund throughout the year and has now reduced it even further; in March 2017 Old Mutual reduced its stake to below 6% and following its most recent move its stake is now less than 4.99%; according to AltFi, the VPC Specialty Lending Fund is the second largest online lending and alternative credit fund with approximately GBP351 million ($456 million); the Fund has been experiencing losses in recent months and the managers have been enacting a share buyback strategy while also shifting its positioning to greater allocation in balance sheet investments. Source

Read Full Story

Europe Fintech News Roundup

·Aug. 9, 2017

WiseAlpha Adds Corporate Bonds to Its Investment Offerings

UK online lender WiseAlpha has added corporate bonds to its investment offerings on the platform; previously the firm primarily focused on offering corporate loan investments; the corporate bonds will expand the platform's institutional debt offerings and the firm will also allow for trading on its secondary market. Source

Read Full Story

Europe Fintech News Roundup

·Aug. 9, 2017

LendIt Announces LendIt Europe 2017 PitchIt Judges

LendIt has announced the judges for its annual PitchIt @ LendIt Europe competition to be held on October 9 and 10; judges include Rob Moffat of Balderton Capital, Reshma Sohoni of Seedcamp, Dan Cobley of Blenheim Chalcot and Patrick Meisberger of CommerzVentures; in comments regarding the competition and its judges, Jason Jones, co-founder and chief executive of LendIt, said: "The high caliber of judges we've had over the years is a testament to how the competition has evolved, and it's inspiring to see another strong panel taking to the stage for the competition. I'm confident that their diverse professional backgrounds will see one of the most exciting PitchIt competitions yet." Source

Read Full Story

Europe Fintech News Roundup

·Aug. 9, 2017

11:FS Hires Fintech Expert Sam Maule

The UK based digital banking firm 11:FS has hired fintech expert Sam Maule to help head up their expansion into North America; "Having made a great impact in the first 15 months of 11:FS' life, we now feel we can have a similar impact with Sam at the helm in North America and Canada, helping organizations really understand what digital transformation within their banks and insurers truly means," CEO David Brear explained; 11:FS is also looking to open a New York office and named entrepreneur and investor Lisa Gansky as non-executive director. Source

Read Full Story

Europe News Roundup Online Lending

·Aug. 9, 2017

Analysis of MarketInvoice’s Loan Book

In a LinkedIn post, Sukhwinder Shoker provides insight into MarketInvoice's loan book which the company shares publicly; analysis includes data on originations and advance rates, invoice terms, risk-price grade, gross discount rates, diversification and net returns; according to Shoker's analysis, the average monthly net return achieved since January 2012 by investors before fees and tax is 50 basis points. Source

Read Full Story

News Roundup Online Lending USA

·Aug. 9, 2017

LendingClub’s CIO Provides Platform Update

Blog post outlines platform performance and improving delinquency rates across most grades and terms; provides perspective on the economic backdrop and interest rates; the company has updated their loss forecasts; projected returns are similar to last quarter with small increases for grades F and G. Source

Read Full Story

News Roundup Online Lending USA

·Aug. 9, 2017

Online Lender Better Mortgage Expands to Florida

Better Mortgage is now offering mortgage loans in thirteen states with the expansion to Florida; the lender offers a number of advantages for borrowers including a 100% digital experience and a verified pre-approval letter for qualified borrowers within 24 hours; with the licensing in Florida, Better Mortgage gains access to lending in Tampa and Jacksonville, recently reported as two of the healthiest housing markets in the country. Source

Read Full Story