During the week I share the latest marketplace lending and fintech news...
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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Buy now pay later services are becoming one of the biggest benefactors...
Lend Academy provides a list of the top eight podcasts providing insight on the fintech market; these podcasts can provide a wealth of information on new companies, industry announcements and regulations; Lend Academy lists Breaking Banks as its top fintech podcast; the Breaking Banks podcast is hosted by industry expert Brett King every Thursday at 3:00 PM EST. Source
India's fintech market is growing with a number of socioeconomic factors driving innovation; in 2016 over $1.6 billion was invested in India's fintech industry; the CEO and founder of India's Rubique highlights three ways the Indian lending space is being disrupted, including insight on blockchain, marketplace lending and robo advisory services. Source
China reported outstanding P2P loans of Rmb 920 billion ($133.5 billion) at the end of March, according to data from Wangdaizhijia; the March data shows resiliency in the industry despite new requirements for P2P lenders and caps on lending from regulators; P2P platforms have been steadily decreasing following the industry's reform, with approximately 2,281 platforms in March; yields on P2P loans have also been trending lower, with the average yield at 9.4% in March. Source
According to the index, fintech adoption among consumers has almost doubled over...
N26 has raised another $100 million which is an extension of their...
The short-term consumer lender has originated over €5bn ($5.8bn) since launching in 2008; the company has focused on markets in Europe and the Americas; the company’s mix of funding sources includes bond issuance and bank deposits from the acquisition of TBI Bank; Moody’s also recently upgraded their corporate rating from a B2 to a B3. Source.
Here are the most read news stories from our daily newsletter today:...
Banks can take a lot of lessons from Facebook in regards to the ongoing data problems with Cambridge Analytica; as data sharing becomes commonplace in banking, banks and their partners need to ensure information is kept secure and not used for nefarious reasons. Source.