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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.

Finance News Roundup Online Lending USA

·Nov. 30, 2016

LendingClub Gets Securitization Rating from Kroll Bond Rating Agency

Kroll Bond Rating Agency has assigned preliminary ratings to a LendingClub securitization portfolio; the loan securitization, LendingClub Issuance Trust, Series 2016-NP2 (LCIT 2016-NP2), is valued at $101.75 million and includes two classes of notes with LendingClub consumer loans; the class A tranche which accounts for 84% of the deal at $85.3 million, is rated BBB; the class B tranche accounts for 16% at $16.4 million and is rated BB+. Source

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Fintech News Roundup USA

·Dec. 6, 2017

Regulation for ICOs

Over $3 billion has been raised this year by initial coin offerings; Tech Crunch shares the current warnings that the market has received from regulators; some market participants report that they have spoken with with the SEC and it is expected that we will hear much more from regulators as we enter 2018. Source

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Fintech News Roundup USA

·Aug. 14, 2017

Nvidia CEO Bullish on Cryptocurrencies

Nvidia CEO recently explained to VentureBeat: "Cryptocurrency and blockchain are here to stay. Over time, it will become quite large. It is very clear that new currencies will come to market."; Nvidia makes graphic cards that help cryptocurrency miners to add new transaction blocks; Nvidia believes there is a lot to gain from the recent trend in cryptocurrencies as the rise in coin prices results in higher demand for cards; not all graphic card makers see the benefits, as CoinDesk points out that rival company AMD is not as bullish and they don't think there is a long term market for them in the space; the graphic cards, known as GPUs, are used to mine newer cryptocurrencies like ethereum and litecoin. Source

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Fintech News Roundup

·Dec. 28, 2016

Market Factors for Biometric Authentication

Biometric authentication is becoming increasingly utilized; a few factors could help it become more integrated into mainstream technologies; an American Banker article suggests that devices need to be more compatible, consumers would need to be more accepting, multiple options need to be offered and the recognition needs to be simple; big strides have been made in 2016 however barriers to mainstream use still remain. Source

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Fintech News Roundup USA

·May. 9, 2018

Cross River Shares Origination Milestone

The bank set a record in April, originating $600 million in loans;...

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Fintech News Roundup USA

·Dec. 11, 2017

Lend Academy Podcast: Ken Rees of Elevate

The CEO and Chairman of Elevate talks about the challenges of the short term loan space and what makes his company different. Source

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Fintech News Roundup USA

·Jan. 8, 2018

How Lenders Can Adapt to the Changing Cyber Threats

After a number of high profile breaches in 2017 lenders are looking to better protect themselves against evolving threats; writing a column in Bankless Times Tom Donlea of WhitePages Pro looks at some key things online lenders can do to better protect themselves; lenders can start moving away from using social security numbers as a personal identifier, AI and machine learning will play a bigger role, more lenders will begin to bring fraud fighting in house and blockchain will become more widely adopted. Source.

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Europe Fintech News Roundup

·Sep. 19, 2017

New Study From CommonBond Highlights Desire for Help with Student Loans from Employers

CommonBond’s study highlights the disconnect between what employees desire and what companies...

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Fintech News Roundup USA

·Mar. 7, 2018

Immigrants Helping top Transform Remittances Market

WorldRemit recently entered the U.S. market and already expects it to be their biggest market by year end; remittances sent from the U.S. back to home countries have risen to $66bn from $50bn in the last 5 years; immigrants are becoming more tech savvy and companies like WorldRemit see big potential as apps like WhatsApp have helped move people to use their phones more and more; WorldRemit has been driven in large part by relying on a number of different partners to help set up their expanding network; tax issues are still a big concern and recently receiving the NY approval, a 2 year effort, sets the company up to focus on scale. Source.

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