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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.

EuropeFintechNews Roundup
·Apr. 25, 2017

Dow Jones Venturesource Reports on European Venture Capital

Dow Jones Venturesource has released its first quarter Europe Venture Capital Report; venture capital funding for the quarter was EUR2.23 billion ($2.42 billion); Atomico's Atomico Ventures IV Fund led fundraising with EUR723.30 million ($786.02 million) representing 32% of total fundraising for the quarter; business and financial services was the top funding sector with EUR877.92 million ($954.05 million) across 163 transactions; Funding Circle reported one of the top five deals in the first quarter with its funding round of EUR94.43 million ($102.62 million); by geography, the UK led fundraising with EUR970.28 million ($1.05 billion) from 150 deals and France was second with EUR398.02 million ($432.53 million) from 78 deals; the full report is available here. Source

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FintechNews RoundupUSA
·Sep. 15, 2017

Mike Cagney is Gone as CEO of SoFi Effective Immediately

The worst week in SoFi‘s history is coming to an end. The company announced today that Mike Cagney has stepped down as CEO effective immediately. This follows the news on Monday that Cagney would be stepping down as CEO by the end of the year. But the bad news this week kept escalating and the board decided it needed to take action now. Source.

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FintechNews RoundupUSA
·Mar. 22, 2018

Google Working With Blockchain Technology in Cloud Business

According to Bloomberg, Google is working on its own blockchain technology in their cloud business; the distributed ledger would allow third parties to post and verify transactions and will also offer a white-label product for companies; Google has also been active in acquiring and investing in startups according to the source. Source

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FintechNews RoundupUSA
·Feb. 26, 2019

Asset Managers Need to Better Describe the Impact of Technology

A new survey by BlackRock of more than 200 institutional investors shows that...
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News Roundup
·Dec. 6, 2014

Peer to Peer Lending News Roundup – December 6, 2014

During the week I share the latest p2p lending news on Twitter as it...
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News RoundupOnline LendingUSA
·Aug. 7, 2017

LendingRobot Series Returns for the Second Quarter

LendingRobot shares returns for the second quarter; aggregated return for the LendingRobot series was 2.7% year to date; there are currently four risk-based funds in the series ranging from short term conservative to long term aggressive; loans included in the funds are from Lending Club, Prosper, Funding Circle and Lending Home; the series funds are available to accredited investors for investment. Source

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FintechNews RoundupUSA
·Jan. 19, 2018

Bank of America’s Investments in Digital

Business Insider reports on the success of Bank of America’s investment in digital channels; reports that they added about 2 million users to digital channels, predominantly to mobile; mobile channel usage rose 34% year over year; article also compares active mobile users across competing banks Wells Fargo and JP Morgan. Source

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FintechNews RoundupUSA
·Mar. 5, 2019

TrueAccord is Changing the Debt Collections Experience

For most people the debt collections experience is big burden and not...
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News RoundupOnline LendingUSA
·Mar. 6, 2017

LendFoundry Providing Leading Industry Solution for Online Lending Platforms

LendFoundry has enhanced its lending operating system (LOS); the LOS can now support loan processing and management for point of sale, auto loans, working capital loans and unsecured consumer loans; it also offers one of the industry's best suite of APIs for connecting with industry fintech companies including Clarity Services, Whitepages Pro, FEDChex, Yodlee, Towerdata, Twilio, Plaid, LOB and more; the platform has significantly expanded its API offerings to allow for increased integration across the industry; Brent Fausett, senior vice president and chief commercial officer at LendFoundry says: "Our product development team has built 50+ pre-configured APIs. We will continue on our vision and keep adding new APIs as we believe that a pre-integrated platform places lenders miles ahead of the competition."  Source

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Asia/PacNews RoundupOnline Lending
·Nov. 16, 2016

Lufax Expanding to Hong Kong and Singapore, Also Working on IPO

Shanghai-based marketplace lender, Lufax, has announced it will be expanding its business into Hong Kong and Singapore; firm also announced plans in September for a Hong Kong-listed IPO which is expected to raise approximately $5 billion; company will leverage its relationship with Ping An for the expansion; funding for the expansion will also be supported by a $1.2 billion fundraise from earlier in the year.  Source

 

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