Frank Raises $5M in Funding What Covid-19 means for fintech — notes...
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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While writing in the FT Karen Petrou, Managing Partner of Federal Financial...
Challenger bank, Masthaven, launched to offer savings and lending products that they say traditional lenders have ignored; they are the UK's first owner-owned bank where 80% of employees own the bank; the bank uses "smart technology" to help customers meet certain savings goals or decide on loan products they feel would be right for them; Masthaven has been around since 2004 as a specialty lender and will also break into the mortgage market in 2017. Source
Ron Shevlin’s latest article in Forbes digs into what the future might...
- Meritize Raises $6.8M in Seed Funding
- LendingPoint Co-founder Weighs in on Lending Club’s Earnings Report
- A Look at CUneXus’ Strong Growth in 2017
- Promising 'No Bull, Just Build' StraightUp Launches Platform for NYC Real Estate Investing
- U.S. Bank Offers New Online Tool to Help Consumers Get Fast, Convenient Car Loan Approvals
- BBVA Compass bolsters its Los Angeles-area Commercial Banking office with new president, relationship manager
Boris Batin and Alexander Dunaev have grown a successful lending startup after partnering together and launching ID Finance in 2012; the company is an online balance sheet lender that has been expanding throughout Russia, Europe and South America; the partners claim a digital lending business model that can launch and obtain profitability in nine months; part of their success is attributed to identifying challenging markets with growth potential that traditional banks have not entered. Source
Nasdaq Vice President Fredrik Voss is optimistic about the use of blockchain in capital markets trading; according to Cointelegraph, stock market transactions and the core premise of blockchain are compatible making stock market trading ideal for blockchain integration; blockchain technology could help with a number of trading factors including transparency and efficiency; according to Voss, blockchain technology is helping industry trading specialists to look at some of the market's trading problems with new options and solutions from blockchain's capabilities; while he is optimistic, Voss also says, "There is a long way to go before we see a very wide scale adoption of the technology in capital markets, but it looks more promising now than we thought three years ago." Source
IBM announced a partnership with Stellar.org and KlickEx Group to help small businesses in underdeveloped countries participate in global trade; the partnership will focus on financial transactions across borders and currencies; this will allow businesses in these areas to get access to IBM’s scale and bank partnership network. Source.
Writing in TechCrunch, Tally CEO Jason Brown talks about the key to...
During the week I share the latest marketplace lending news on Twitter...