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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 RoundupNorth AmericaOnline LendingUSA
·Nov. 16, 2016

SoFi and Protective Launch Life Insurance Offering

In a press release this week, marketplace lender, SoFi, provided more details on its partnership with Protective and announced the launch of a new term life insurance offering for millennials; product provides life insurance for up to $1 million and features a 20 minute application and approval process.  Source

 

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FintechNews RoundupUSA
·Mar. 19, 2019

JPMorgan Launches New Account Targeting Low Income Consumers

JPMorgan Chase launched a new account for low income consumers that offers...
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News RoundupOnline Lending
·Dec. 19, 2016

Lend Academy Podcast: Evan Gentry of Money360

Money360 is a marketplace lending platform focused on commercial real estate; Evan Gentry of Money360 provides insight on the firm in a Lend Academy podcast; the firm offers loans of $1 million to $15 million for commercial real estate properties; it has two primary products, shorter term bridge loans which are mainly funded by high net worth investors, family offices, hedge funds and institutional investors and then permanent longer term loans funded by banks and credit unions; the company has also launched an open-end fund which allows investors to invest in a portfolio of the company's commercial real estate loans; it has plans for continued growth in 2017 with the goal of $1 billion in annual originations over the next few years.  Source

 

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EuropeFintechNews Roundup
·May. 19, 2020

Brex Raises $150 Million During Middle of Pandemic

Brex has announced a significant $150 million round at a time when...
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FintechNews RoundupUSA
·Mar. 3, 2020

Inside Earnin’s New Approach to Acquiring Customers

Earnin operates in the earned wage access space; they are going the...
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FintechNews Roundup
·May. 1, 2018

Announcements & Releases for May 1, 2018

BOK Financial Implements Partnership With Roostify to Streamline Mortgage Process Lenders to...
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EuropeFintechNews Roundup
·Oct. 9, 2017

European Banks Continue Progress Post Financial Crisis

Oliver Wyman’s new report, Beyond Restructuring: The New Agenda - European Banking 2017, points out that banks have recovered from the crisis but face digital headwinds; for the most part banks have restructured into a new regulatory environment with more capital and smaller balance sheets; but they now they face digital challenges from fintechs and customers looking for better experiences. Source.

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FintechNews RoundupOnline Lending
·Mar. 8, 2017

Data Aggregation Services Providing for Enhanced Credit Underwriting Models

Data aggregators of all types are gaining more traction and investment; Finicity is one example with investment from Experian; Nick Thomas of Finicity characterizes the credit-decisioning space as a new frontier for data aggregation; with this new frontier available for investment, the industry is likely to see success in integrating new sources of data and faster technology solutions for credit modeling and approvals.  Source

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Asia/PacNews RoundupOnline Lending
·Nov. 18, 2016

New Marketplace Lender, OxyLoans, Opens in India

SRS Fin Tech Labs has announced the launch of a new marketplace lending platform in India called OxyLoans; firm seeks to originate $1 billion in loans by 2024; loans will be available in India, GCC and the UK; rates on loans will range from 12% to 36% with loans up to Rs 4 lakh (approximately $5,890).  Source

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EuropeFintechNews RoundupUSA
·Feb. 13, 2019

Big Banks Say Challengers are Becoming a Serious Threat

A new survey by credit card specialist Fraedom shows that 80 percent...
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