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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.

FintechNews Roundup
·Oct. 27, 2016

Gartner Report Provides Insight on Insurtech Investment

A research report on insurtech from Gartner says the majority of the world’s 25 largest insurance companies will invest in insurtech by 2018; 64% of these companies have already made significant investments in emerging insurtech companies and innovation; among the highest priorities for investment are digitization, digital customer management, mobile and analytics.  Source

 

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FintechNews RoundupUSA
·Apr. 2, 2018

GDP Revised Upwards, Regulatory Updates and Citi Builds out Digital Bank

This week’s PeerIQ Industry Update covers the upwards revision of U.S. GDP growth to 2.9 percent from 2.5 percent; they provide a sneak peek into the PeerIQ Credit Facility Management Suite; Prosper announced 2017 results, former Avant founder John Sun raised $15mn for a new startup and the Arizona AG helped start the first fintech sandbox in a U.S. state in Arizona; Citi is building out their mobile app as the push by incumbent banks into digital becomes bigger. Source.

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EuropeFintechNews Roundup
·Apr. 4, 2018

GDPR Could Increase Compliance Costs for Robo Advisors

The implementation of GDPR is around the corner as it starts in May across Europe, while most of the regulations will benefit robo advisors the compliance costs could rise significantly; users will be able to ask for all data related to them and all data a rival adviser might have on them, getting this done correctly and efficiently will take time; the customer benefits are high, startups on the other hand might end up getting a lot more costs then anticipated. Source.

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FintechNews RoundupUSA
·Feb. 21, 2019

Gender Bias is Still Prevalent Across Investment Landscape

There was an analysis done in 2017 showing that 2 percent of...
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FintechNews Roundup
·Oct. 31, 2016

Gender Gap Seen with Financial Savings and Financial Education

Financial Finesse writes about a gap that exists regarding women accruing retirement capital and gaining confidence in personal financial management; causes for the gap versus men include less comfort with traditional means of communicating financial products in-person and online; women (therefore) being more conservative with novel asset classes; as well as women living longer and requiring more savings; the article reports that "the bottom line is that women need to be saving more and at a faster pace than men to meet their retirement income needs."; their survey finds that only 20% of women feel the financial sector "truly hears their needs."  Source

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FintechNews Roundup
·Oct. 25, 2017

General Secretary Xi Lays Out Vision for Tech Firms

In an address to the 19th CPC National Congress Xi called for bigger efforts to increase growth in internet based companies, big data and artificial intelligence; “We will make sure that our payment, wealth management and credit services can improve the welfare of the unbanked and underbanked population,” said Ant Financial CEO Eric Jing who was responding to another section of Xi’s speech which looks for the economy to better serve everyone. Source.

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FintechNews RoundupUSA
·Jan. 2, 2019

Generous Reward Cards Bring Increased Costs to Big Banks

According to a recent Wall Street Journal report, costs associated with rewards credit...
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FintechNews RoundupUSA
·Jan. 30, 2020

Genesis Reports Increase in Crypto Loans

Today Genesis released their Digital Asset Lending Snapshot for Q4 2019; according...
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EuropeFintechNews Roundup
·Aug. 4, 2017

George Banco Acquired by Non-Standard Finance

Ratesetter took a minority stake in George Banco in May but now the firm is being acquired; all George Banco loans will be refinanced and RateSetter lenders will be paid in full; RateSetter has GBP30 million ($39.11 million) of outstanding loans with the company; George Banco provides loans to borrowers with poor credit and brings in a third party in case the borrower fails to repay. Source

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FintechNews RoundupUSA
·Apr. 6, 2018

George Soros Family Office to Begin Trading Crypto

Adam Fisher, head of macro investing at Soros Fund Management has received approval to trade cryptocurrencies but has not begun trading them according to sources; Soros recently spoke at the World Economic Forum in January stating that cryptocurrency is a typical bubble, but was more bullish on blockchain technology; his family office as of Q4 2017 had a significant stake in Overstock.com. Source

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