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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.

Fintech News Roundup USA

·Feb. 1, 2019

Big Banks Still Held in High Regard for Financial Advice

According to a new study released by J.D. Power consumers gave the...

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News Roundup Online Lending

·Feb. 15, 2017

Pros and Cons of AI-Based Credit Scores

In an article from American Banker, the pros and cons of AI-based credit scores are outlined; pros include more precise scores through more nuanced evaluations of data and the ability to consider consumers that linear models would reject; the cons are the risk that regulators will consider an AI-based score a "black box" and being able to provide one clear reason for credit denial; perspectives from Elevate, ID Analytics, Experian and FICO on AI credit scoring are presented in the article. Source

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Fintech News Roundup

·Aug. 3, 2017

CB Insights Discusses Q2 2017 Trends in Fintech

Webinar provided a comprehensive overview of funding for fintechs; gave a fintech investment summary for the US, Europe and Asia; included detailed funding levels for insurtech, wealthtech and blockchain/bitcoin. Source

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Fintech News Roundup

·Nov. 11, 2016

Microsoft Intensifies Blockchain Efforts with Ethereum on Azure Cloud Platform

At the Ethereum Developer Conference on November 9, Microsoft announced that it would offer blockchain building blocks as part of its Azure cloud hosting platform; the Ethereum Blockchain as a Service (EBaaS) offering allows developers to quickly launch an Ethereum environment which includes code building blocks for SmartContracts and a semi-private testing environment with a blockchain which then can be migrated to the public Ethereum environment; the offering is in partnership with development house ConsenSys. Source

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News Roundup

·May. 21, 2022

What the Senate Bill Means for Fintech

While the focus of the new bill that recently passed the Senate has been on banks, it could effect fintech is a big way; the bill releases restrictions on banks, especially smaller one’s, where they can better leverage technology and potentially hurt the market share of fintechs; banks were heavily restricted after the financial crisis when many of these regulations went into effect; if the bill were to be signed then fintechs would have to start ensuring they can be long term sustainable businesses. Source.

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Fintech News Roundup USA

·Mar. 30, 2020

NuBank Makes Their Mark Across Latin America

NuBank started back in 2013 with $2mn in seed capital with the...

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Europe Fintech News Roundup

·Apr. 29, 2019

Monzo and Starling Bank See Growth in Account Switches

Monzo and Starling Bank saw more than 10,000 customers open accounts through...

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News Roundup Online Lending USA

·Aug. 10, 2017

Online Lending Policy Institute Announces Second Annual Summit

Summit will be held in Washington D.C.; the Online Lending Policy Institute (OLPI) is one of the leading industry groups to promote regulatory discussions in Washington; the event will be held on September 25 at the Renaissance Hotel; industry participants will share insights, propose standards and have a dialogue with regulators and policymakers; the OLPI was founded by Cross River, the Boston University Center for Finance, Law & Policy (CFLP) and RocketLoans. Source

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Europe Fintech News Roundup

·Jan. 29, 2018

Funding Circle’s Business and Potential IPO

According to The Times, sources say Funding Circle is in no hurry to do an IPO, but if the markets continue to be favorable they may go public in the second half of the year; article also shares the potential in their US business where they have much less brand awareness compared to the UK; there are some concerns from clients and investors that the company has not yet been through a recession as they look at an IPO; Funding Circle currently has 850 employees and last raised £82 million at a £990 million valuation. Source

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