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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.

FintechNews RoundupUSA
·Feb. 6, 2018

Payday Lending Industry Influence on Academic Research

There are differing beliefs on payday loans and how far regulation should go to protect consumers; to better answer the effects of payday lending on consumers many people turn to research; results of a study done in 2014 are now in doubt after a watchdog group found that $30,000 of grant funding came from a payday-industry-backed organization; since these types of studies help shape policy it has brought into question how deep these types of studies should be evaluated. Source

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News RoundupOnline Lending
·Feb. 14, 2017

Ram Ahluwalia on the Marketplace Lending Industry

Ram Ahluwalia and PeerIQ have become a significant part of the ecosystem for marketplace lending providing loan data analytics and securitization research; Ahluwalia recently talked with Crowdfund Insider about his perspective on the market; cited institutional support as a positively improving factor for lenders with securitization issuance increasing 60% in 2016; says loan originations in 2016 still reported substantial growth despite industry challenges and notes PeerIQ is working with industry participants to help develop new products for retail investors; Ahluwalia also discusses the industry's regulatory concerns and competition from banks as well as the global market outlook for the industry.  Source

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FintechNews RoundupUSA
·Mar. 8, 2018

SoFi’s Cost of Customer Acquisition

In 2017, SoFi spent $170 million on marketing and paid $756 to acquire each customer; in 2018 the company plans to spend $200 million; in comparison LendingClub and Prosper spent between $350-$450 to acquire a customer; back in 2015, SoFi spent $30 million on marketing and $375 to acquire a customer; at the time marketing spend as a percentage of originations was 0.6%; SoFi’s marketing strategy is different than other fintech firms who often show up on rate comparison sites. Source

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EuropeFintechNews Roundup
·Mar. 20, 2019

Curve Looks Internationally for Further Growth

Curve allows consumers to combine their credit and debit cards into one...
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EuropeFintechNews Roundup
·Jun. 27, 2019

Monzo CEO Unconcerned About Mounting Losses

The CEO of Monzo, Tom Blomfield, has warned that losses at the...
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FintechNews Roundup
·Apr. 30, 2019

Announcements & Releases for April 30, 2019

Citi launches NextGen AI compliance project Blend’s Erin Collard: Mortgages are the...
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PayPal and Venmo Accepted Here sticker is seen at the entrance to a Panda Express restaurant in Sherwood, Oregon.
News Roundup
·Jun. 2, 2023

Global newsletter: Digital payment apps are not savings accounts

Most people likely assume their funds are kept in a traditional bank to be drawn upon when transacted because — let's be honest — no one reads the terms and conditions.
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FintechNews RoundupUSA
·Feb. 11, 2020

Monzo CEO Tom Blomfield Shares his Perspective on Traditional Banks

Tom Blomfield believes that banks focus too much on their existing financial...
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FintechNews Roundup
·Apr. 10, 2020

More News for April 10th, 2020

Japan’s Paidy Closes Additional Series C For $281M Total Raised Index Ventures...
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FintechNews RoundupUSA
·Apr. 19, 2018

Wrap-Up of LendIt Fintech USA 2018

Last week the sixth annual LendIt Fintech USA conference took place in San Francisco. Here are Peter Renton’s thoughts on some of the ideas that were shared by the keynote speakers as well as a summary of the rest of the event. Source.

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