Peter Renton, Founder of Lend Academy provides a summary of the second annual Online Lending Policy Summit which covered a wide variety of topics around regulation for 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.
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Lend Academy takes a retrospective look at the most important stories for the industry in 2016; regulation was a factor for the industry and 2016 included a white paper from the Treasury with consultation from seven federal agencies governing the financial services industry including the Securities and Exchange Commission, Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau; the Office of the Comptroller of the Currency proposed its new fintech charter and the Marketplace Lending Association was formed as an advocate for the industry; other highlights included a $50 million investment in US P2P loans from Chinese marketplace lender CreditEase and a leading market position from SoFi. Source
Lend Academy shares some of the biggest news stories of the year; includes Mike Cagney departing SoFi, the Cleveland Fed retracting their report on “p2p lending”, Prosper’s $5 billion deal, Renaud Laplanche’s new venture and more. Source
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
LendIt China 2017 will include the Lang Di Fintech Conference and LendIt China Executive Tour; the Tour and Conference will take place from July 8-17; the China Executive Tour from July 8 to 15 will include networking activities and meetings in Hong Kong, Beijing and Shanghai; following the Tour, LendIt will host its second annual Lang Di Fintech Conference event in Shanghai from July 15 to 17; Lend Academy provides more details on each of the two events in their article. Source
Lend Academy shares recent initiatives from Barclays and PNC Financial Services as traditional banks move into the online consumer lending space. Source
Christine Farnish, the chair of the P2PFA for the past five years, is stepping down and is being replace by Paul Smee. Source
Nomad Credit provides their perspective on the large international student lending industry. Source
A new UK bank referral scheme began this week with a focus on nine of the region's largest banks; Lend Academy provides more details in their article; the referral scheme will require banks to refer small businesses to alternative lenders if they are denied credit; creates more opportunities for banks to partner with alternative lenders and also significantly expands credit access for businesses. Source