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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

·Oct. 12, 2017

Lend Academy Article: Key Takeaways From LendIt Europe 2017

Peter Renton, co-founder of LendIt shares his takeaways from LendIt Europe 2017; discusses presentations from many of the presenters on the keynote stage. Source

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Fintech News Roundup

·Oct. 28, 2016

Lend Academy Article: KPMG and H2 Ventures Release the Global Fintech 100

The Global Fintech 100 list by KPMG and H2 Ventures has been highly publicized and is a leading point of reference for the global fintech market; Lend Academy provides insight on this year's list in their article; the list includes companies from 23 countries with two groupings for established and emerging companies ranked by five factors; marketplace lending reported the greatest representation by category with 32 companies; by country China led the list with four of the top five rankings. Source

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Fintech News Roundup USA

·Mar. 29, 2018

Lend Academy Article: Larry Summers Has Resigned From the LendingClub Board

The former Treasury Secretary is being replaced by Stanford Economics Professor Susan Athley. Source

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Fintech News Roundup USA

·Oct. 25, 2017

Lend Academy Article: Leading Banks are Embracing Digital Strategies More Than Ever

Many of the major US banks are now adopting digital strategies into their business; Lend Academy shares progress from JPMorgan, Bank of America, Wells Fargo, Citi and Goldman Sachs. Source

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Fintech News Roundup USA

·Oct. 3, 2017

Lend Academy Article: Lending Club and Prosper Data: 10 Years In

Lend Academy looks at 10 years of data from Lending Club and Prosper; shares data on returns over the time period and where current returns are trending. Source

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News Roundup Online Lending USA

·Mar. 22, 2017

Lend Academy Article: Lending Club and Prosper Tax Information for 2017

Lend Academy provides details on the tax documents you will receive as an investor in Lending Club or Prosper loans; most investors will receive a 1099-OID which details taxable interest income from investing; other forms may also include a 1099-MISC or a 1099-B; income earned from P2P loan investing is taxed as ordinary income; Lend Academy also outlines details on capital losses and capital loss carryovers which can vary by state. Source

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News Roundup Online Lending USA

·Dec. 27, 2016

Lend Academy Article: Lending Club Bonus for New IRA Investments

Lending Club is offering a bonus for IRA investors; Lend Academy provides details in their article; any investor who opens or adds to an IRA account with at least a $5,000 investment by April 30, 2017 will receive a bonus; bonuses range from $150 to $3,000 for investments from $5,000 to $100,000 and over. Source

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Fintech News Roundup USA

·Oct. 26, 2017

Lend Academy Article: Lending Club Closes Five Investment Funds, Rebrands LC Advisors

Lending Club has closed five of its investment funds under LC Advisors; the loans have been sold off to various buyers and the company has rebranded its investment management business to LendingClub Asset Management. Source

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News Roundup Online Lending

·Oct. 25, 2016

Lend Academy Article: Lending Club Moves into Auto Lending with New Refinance Product

Lending Club has announced an auto refinancing product targeting consumers; Lend Academy provides more details in their article with insight from Todd Denbo, Vice President of Consumer Auto Lending at Lending Club; Lending Club seeks to help make the auto refinancing process easier for borrowers; finds a $40 billion market for auto refinancing which it thinks will expand with greater convenience for consumers in obtaining auto refinancing. Source

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News Roundup Online Lending USA

·Aug. 8, 2017

Lend Academy Article: Lending Club Q2 2017 Earnings – Back to Growth

Lending Club has announced their second quarter earnings results; originations were up 10% sequentially to $2.15 billion; quarterly originations have been hovering around $1.9 billion since Q2 of last year; the second quarter also marked the second highest revenue generating quarter for the company; bank participation made up 44% of the funding for the quarter; Lending Club focused on developing testing infrastructure for borrower take rates which included a website redesign; guidance was adjusted upwards for the third quarter and the full year. Source

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