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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
·Nov. 17, 2016

Mobeus Funds Management Buyout of Factor 21

Factor 21 has done a management buyout with funding from Mobeus; the private equity firm provided a 9 million british pound funding line for the buyout; Jonathan Gregory of Mobeus will join Factor 21 as investor director; Factor 21 has been in business for over 15 years and has provided invoice funding of over 2 billion british pounds; the management buyout funding will help the firm grow business at its two regional offices.  Source

 

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FintechNews RoundupUSA
·Jan. 9, 2018

Credit Card Debt Reaches $1.023 Trillion

Federal Reserve Board data shows that consumer debt reached all-time highs in November; the previous highs were in April 2008 when consumer debt totaled $1.021 trillion; according to the CFPB, “Most origination metrics we observe are near pre-recession levels. This is true across credit score tiers for both general purpose and private label cards. Approval rates have climbed for all credit score tiers since post-recession lows, even as application volumes have stabilized.” Source

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News RoundupOnline Lending
·Apr. 13, 2017

Role of AltFi Data in Bringing Transparency to P2P Lending

Bankless Times highlights AltFi Data, speaking to Rupert Taylor, founder and CEO; the company is an independent source of data to the European peer-to-peer lending market; currently tracks 28 UK originators and detailed loan level data on Zopa, Funding Circle, RateSetter and MarketInvoice; Taylor stated: "The right model doesn't involve the institutional investor duplicating that credit decision making process performed by the originator. But investors can use verified data to understand the historic performance of the assets, and to identify originators that are prepared to use disclosure in a way that holds them to account for the quality of the loans they originate." Source

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Asia/PacFintechNews Roundup
·Mar. 8, 2017

Chinese Insurance Company Zhong An Planning for IPO

Sources report that Chinese online property and casualty insurance company Zhong An is planning for an initial public offering (IPO) in China; the firm was founded by Alibaba's Jack Ma, Tencent's Pony Ma and Ma Mingzhe from Ping An Insurance Group of China; a primary product for the firm is e-commerce shipping insurance which accounts for approximately 50% of the business; currently the firm's major shareholders include Ant Financial with 16% and Tencent Holdings Ltd. with 12%; in 2015 it reported a valuation of $8 billion and it currently plans to raise an additional 2 billion yuan ($290 million) to help it prepare for the IPO.  Source

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FintechNews RoundupUSA
·Mar. 16, 2020

Monzo, Revolut and Starling Make Changes Amid Potential Lockdown

Many staff members at the challenger banks are working from home with...
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FintechNews RoundupUSA
·Apr. 2, 2019

Small Banks Find Many Different Ways to Innovate

Small banks have faced a lot of headwinds in recent years with...
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EuropeFintechNews RoundupUSA
·Feb. 8, 2019

Revolut Riding the Fintech Investment Boom

The fintech world is awash in capital today and one of the...
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Asia/PacFintechNews Roundup
·Apr. 24, 2017

Alibaba and Tencent Outpacing Competitor Baidu as E-Commerce Grows in the Eastern World

Chinese e-commerce giants Alibaba and Tencent are leading e-commerce market growth, seeking to do everything from cloud computing to digital payments; the Chinese market infrastructure is also helping their business growth and their business models are rivaling comparative US companies; Jack Ma's Alibaba is expanding rapidly in the global markets with partnerships and acquisitions and Tencent is following closely with numerous acquisitions as well; investment bank Goldman Sachs estimates China's online retail market to double in size by 2020 to $1.7 trillion and aggressive market expansion from Alibaba and Tencent appears to be successfully supporting that estimate. Source

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News Roundup
·Jan. 20, 2021

Top Fintech News Stories for January 20, 2021

Here are the top news stories from our daily newsletter today: PPP...
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FintechNews Roundup
·Nov. 27, 2017

China Stops Approvals to New Online Lenders

The new regulation came from a new state body focused on regulating internet finance; it put a stop to new approvals of offline micro lending companies; companies already in operation may see heavier regulation which has caused drops in the share price of recent IPOs including ZhongAn, Ppdai and Qudian. Source

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