The explosion in data has made the data scientist an essential part of all fintech companies. Source
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.
Lend Academy answers the question: Where does the UK stand after more than two months since the introduction of open banking? Source
Experian’s Clear Early Risk Score is the first product released since their acquisition of Clarity Services. Source
Lend Academy provides details on the emergence of online auto lending and the market opportunity for both lenders and technology providers in their article; Lending Club is the largest marketplace lender to begin offering auto loans; Finova Financial has launched a new title loan product; AutoFi and AutoGravity are two companies offering innovative online services for the car buying process; in the used car market, Blinker has also been successful in developing a marketplace for car buyers and sellers; LendIt USA 2017 will be featuring a panel on the future of buying and selling vehicles including insight from many of these companies. Source
At Lang Di Fintech (LendIt's Chinese event), Peter Renton, the founder of Lend Academy, conducted an interview with ZhongAn Insurance CEO Jeffrey Chen; they talked about how the biggest insurtech company uses big data and artificial intelligence to measure risk, the scale of ZhongAn's business, regulatory issues and the future of the company; the article provides five key takeaways from the interview. Source
The Financial Stability Oversight Council's annual report includes a section discussing the risks of marketplace lending. Source
Peter Renton reviews the claims from the FTC against LendingClub, LendingClub’s subsequent response...
Peter Renton, Founder of Lend Academy and Co-Founder of LendIt shares his perspective on the likely fintech IPOs in 2018. Source
Funding Circle has announced a new equity investment of $100 million; the funding round was led by Accel and included existing investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures; the funding brings the firm's total capital raised to $373 million and makes it the largest and best capitalized SME lending platform in the world. Source
Peter Renton, Founder of Lend Academy reports on the potential of Google, Amazon, Facebook and Apple being the fintech leaders of tomorrow. Source