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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.

News RoundupOnline Lending
·Jan. 23, 2017

A Review of PeerIQ’s Weekly Industry Update

This week's PeerIQ industry update mentions SoFi's securitization deal, solar lender Mosaic's signal to the market of their first ABS deal and a detailed explanation about trigger breaches; SoFi has announced plans to issue a $477 million unsecured consumer loan securitization; the market was very happy to hear news from Mosaic as this is the first solar deal since early 2016, though the size of the deal has yet to be determined; the trigger breaches seen in MPL ABS deals have hurt the securitization market and caused the cost of capital to rise among lenders; PeerIQ breaks down the current deals that have breached and what it means for the overall MPL ABS market.  Source

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FintechNews RoundupUSA
·Apr. 10, 2020

Increase in Contactless Payments Could Leave Certain UK Citizens Without Options

Contactless payments are on the rise as we all practice social distancing...
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FintechNews RoundupUSA
·Apr. 25, 2019

Equifax Acquires Paynet

Equifax announced late yesterday that it has acquired the small business data...
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FintechNews Roundup
·Oct. 5, 2017

RBI Issues Guidelines on P2P Lending in India

All P2P lenders will now be known as non-banking financial companies (NBFC-P2P); all p2p lenders will also have to receive a certificate of registration; companies will go through a 12 month period before getting final approval; under the rules a p2p firm can’t raise deposits or lend on its own; other details of the guidelines including loan caps for borrowers are outlined in the article. Source

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EuropeFintechNews Roundup
·Mar. 27, 2018

Banks Begin Using New ID Verification Methods but GDPR Could Create Issues

Banks have begun to implement new technologies to help verify who the customer is, though the new GDPR rules in Europe could complicate usage; the General Data Protection Regulation, which will restrict how companies collect and store data, allows for customers to ask for their data to be removed and non compliance results in huge fines; banks have started to slowly add new technology but they are still figuring out where to limit storage; new companies are trying to sell services into bank that allow them to collect information but store it in a certain way to be compliant; with new technology being developed so rapidly, governments need to ensure they keep up with innovation and clearly tell the market how to comply. Source.

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News Roundup
·Nov. 18, 2010

Revolving Credit Card Debt in America

Unlike many people I pay off my credit card in full every...
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News Roundup
·Jun. 23, 2021

Top Fintech News Stories for June 23, 2021

Here are the most read news stories from our daily newsletter today:...
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FintechNews RoundupUSA
·Apr. 24, 2020

Banks Start Banning Zoom Due to Security Concerns

Video conferencing service Zoom has seen a dramatic rise in users with...
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FintechNews Roundup
·Jan. 29, 2020

More News for January 29th, 2020

Digital lending startup MoneyTap raises $70m series B Zopa: Millennials are more...
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FintechNews RoundupUSA
·May. 9, 2019

Sanders and Ocasio-Cortez Propose Caps on Credit Credits, Consumer Loans

Bernie Sanders and Rep. Alexandria Ocasio-Cortez are planning to propose legislation to...
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