UK based small business lender Iwoca secured €100mn from Insight Investment, which...
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.
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The company intends to list on the Nasdaq in Stockholm and raise...
iZettle’s IPO, which they are set to announce next week would be...
Dorsey was recently interviewed at the Computer History Museum in Mountain View; Dorsey is bullish on the future of blockchain describing it as the "next big unlock"; believes that people need to be thoughtful in the applications of blockchain, focusing on what are the best applications of the technology; also discusses bitcoin and how it is beginning to reach more people. Source
Banks are under significant pressure to modernize and one of their core...
Jack Henry & Associates banking division recently signed up their seventh community bank in as many months; the banks have contracted the company to use their Windows-based banking platform; Jack Briner, president and CEO California International Bank, tells Banking Technology: “When evaluating core providers, we could tell that Jack Henry & Associates would be the best partner for our bank. The advanced technology and forward momentum that Jack Henry Banking provides will give our bank the integrated and robust capabilities needed to get ahead.” Source.
FnConn launched Chained Finance at LendIt USA 2017; the platform is built with blockchain technology and is intended to provide alternative loans for supply chain companies; Jack Lee, CEO of FnConn, says the platform has the potential to help improve supply chain finance in a number of ways specifically through greater cost efficiency from the use of blockchain; Chained Finance will be fueled through the support of FnConn's financial subsidiary Foxconn and P2P lender Dianrong. Source
Yunfeng Financial Group (Yunfeng FG) said it would be the main investor in a $1.7 billion acquisition of insurer MassMutual International's Hong Kong unit; Yunfeng FG will hold 60% of MassMutual Asia and the rest will be owned by other investors such as Ant Financial, Singapore sovereign wealth fund GIC Private Ltd and China's internet giant Sina; the deal will add insurance products to Yunfeng's existing fintech-focused financial services. Source
Speaking on CNBC with Jim Cramer on Mad Money, Reses shared that...
Zopa's Jaidev Janardana spoke at AltFi Europe this week on the firm's plans for building a bank; he provides insight in a blog post; the bank will build on Zopa's successful track record in lending with new savings accounts and credit product but the firm will not offer a current account; the UK has been dominant in challenger bank development and the Zopa bank will provide UK customers with another alternative banking option which is currently in high demand in the region; the above chart highlights the competitive advantages Zopa has in the market. Source