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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.

Europe Fintech News Roundup

·Dec. 6, 2017

European Banks Look to Create Real Time Payments Service

Companies like TransferWise, Venmo and PayPal have forced banks in Europe to look at creating their own affordable real-time payments service; the idea is in the early stages but it shows the effect that fintech players can have on the traditional banks; the service would also look to head off the increased competitive threat from open banking which is set to begin in early 2018. Source.

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Europe Fintech News Roundup

·May. 29, 2020

Starling Bank Raises an Additional £40m in Funding

Leading UK digital bank Starling Bank has raised an additional £40m in...

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Fintech News Roundup USA

·Apr. 16, 2018

Kabbage Rumored to Acquire Orchard

According to a report in Bloomberg online small business lender Kabbage is getting set to acquire Orchard. The companies have not yet confirmed and the cost of a potential deal is also not known. Source.

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Fintech News Roundup USA

·Feb. 4, 2020

A Global Financial Cloud Could be Transformational

Goldman Sachs Co-Chief Information Officer Marco Argenti sent a memo seen by...

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Fintech News Roundup

·Mar. 27, 2017

Redesigned Bank Branches Featuring Digital Advice

Customer facing technology is a high investment priority for traditional banks seeking to upgrade their operations to meet increasing market demand for more modern technology; many banks across the industry have reported enhancements and upgrades in their branch locations with remodeled branches integrating technology portals to replace human banking representatives; American Banker provides examples of newly designed banking sites from seven traditional banks. Source

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Fintech News Roundup USA

·Feb. 5, 2018

SoFi Missed Internal Lending Target in 2017

SoFi’s lending goal in 2017 was to lend more than they had in the previous 5 years combined; the online lender fell 26 percent short of the goal and instead lent out $12.9bn in 2017; the company had seen their share of issues in the last year with sexual misconduct claims and their CEO being forced out; SoFi spokesman Jim Prosser said the true goal for 2017 was closer to $13bn and the higher amount was a stretch goal. Source.

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Fintech News Roundup

·Mar. 27, 2019

Qupital Raises $15 Million to Expand into China

The company claims to be Hong Kong’s largest trade financing platform for...

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Fintech News Roundup

·Apr. 6, 2017

Fintech Innovation in Latin America

Fintech innovation has been emerging in Latin America; LendIt USA 2017 featured a panel of Latin American market leaders moderated by Andres Fontao of Finnovista; panelists discussed what is happening in the Latin American fintech market and why there is an opportunity for fintech firms and specifically online lenders to be successful. Source

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Fintech News Roundup USA

·Nov. 22, 2016

OnDeck to Present at J.P. Morgan 2016 Fintech & Specialty Finance Forum

OnDeck has announced that it will be presenting at the J.P. Morgan 2016 Fintech & Specialty Finance Forum on November 30 in New York City; Noah Breslow, chief executive officer, and Howard Katzenberg, chief financial officer, will be the featured speakers; the event provides an opportunity for fintech and specialty finance companies to present on the competitive advantages of their firm for a range of corporate leaders, financial sponsors and institutional investors. Source

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Fintech News Roundup USA

·Feb. 26, 2018

Deutsche Bank Says Bitcoin’s Scaling Problem is Improving

Deutsche Bank examined whether bitcoin is improving in a recent note they sent to clients last week; a few factors have played into fees staying low, less demand with people looking to transfer their bitcoin and the SegWit upgrade to the bitcoin network; while only 14 percent of transactions occur through the SegWit update the tech is helping to improve the network; transaction volumes moving lower are the bigger reason for the drop in fees according to Mosaic.io co-founder Garrick Hileman. Source.

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