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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 LendingUSA
·Jan. 9, 2017

Lend Academy Podcast: Evan Singer of SmartBiz

Small Business Administration (SBA) loans are a popular source of funding for small businesses in the US; SmartBiz Loans is one of the online market's leading providers of these loans; Lend Academy talks with Evan Singer, CEO of SmartBiz, in their podcast; SmartBiz recently became the number one provider of SBA loans under $350,000, beating out big banks such as Wells Fargo for smaller dollar loans; Evan Singer talks about the firm's business and the origination process which involves a network of bank lenders.  Source

 

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News Roundup
·Feb. 11, 2011

What Impact Does Age Have on P2P Lending ROI?

Last week, Matt at Steadfast Finances penned this post that asked the...
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News RoundupOnline Lending
·Mar. 16, 2017

Breaking Banks Reports on Innovations in Lending at LendIt 2017

Brett King interviewed Antony Jenkins for a LendIt USA 2017 keynote presentation titled, "The End of the Beginning: Accelerating Transformation in Financial Services"; King also talked with a number of conference participants in a Breaking Banks podcast titled, "Innovations in Lending at LendIt 2017"; the podcast provides insight from Brock Blake of Lendio, Christoph Rieche of iwoca, Ohad Samet from TrueAccord, Peter Renton from LendIt, John Owens and Emmanuel Daniel of The Asian Banker.  Source

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News Roundup
·Mar. 7, 2011

Buy a Pool, Get a Loan With Lending Club

Investors browsing loans on Lending Club in the past couple of weeks...
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FintechNews RoundupUSA
·Apr. 26, 2018

Mobile Banking Apps Popular Among Americans

Citi’s 2018 Mobile Banking Study released today shows that 31% of consumers...
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Asia/PacFintechNews Roundup
·Apr. 10, 2017

Aadhaar-Based Payments System Set to Launch in India

Starting on April 14th consumers in India will be able to use their Aadhaar ID number to make payments; in theory this could replace payment services like PayTM and debit and credit cards; the Aadhaar Payments System (APS) will allow consumers to use their fingerprints to complete a transaction so long as they have an APS linked bank account; the system is not without drawbacks as there are privacy concerns and the entire system is based around data protection; this does fit in with Prime Minister Narendra Modi's move to a cashless society, though it remains to be seen how everyday consumers will utilize it.  Source

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FintechNews RoundupUSA
·Mar. 8, 2019

Massachusetts Starts Fintech Working Group

Massachusetts’ Secretary of the Commonwealth William Galvin has been proponent of aggressively...
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FinanceNews RoundupUSA
·Dec. 6, 2016

Outlook for US Structured Finance in 2017

In a report on the structured finance market, Fitch Ratings provides an outlook for 2017; says losses from auto loan asset-backed securities could increase with rising defaults; also notes increased risk from marketplace lenders and industry securitizations which have been reporting higher delinquency and loss rates; says the best performance is likely to be from residential mortgage and commercial mortgage securitizations.  Source

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FintechNews RoundupUSA
·Mar. 23, 2018

New Report on Fintech from Federal Reserve Bank of Philadelphia

The report is titled “Do Fintech Lenders Penetrate Areas That Are Underserved by Traditional Banks”; the report used account-level data from LendingClub and other US Banks with assets over $50 billion; according to the paper’s abstract: “We find that LendingClub’s consumer lending activities have penetrated areas that may be underserved by traditional banks, such as in highly concentrated markets and in areas that have fewer bank branches per capita. We also find that the portion of LendingClub loans increases in areas where the local economy is not performing well.” Source

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FintechNews RoundupUSA
·Jan. 30, 2019

Payments Company Stripe Raises $100 Million

The company raised $100 million from Tiger Global Management, valuing the company...
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