Marketplace loans are becoming more integrated into institutional portfolios however institutional investors are still only beginning to take interest in marketplace lending investment allocations; in Europe, Aegon has made a significant institutional investment in marketplace loans from Auxmoney; the investment demonstrates that institutions such as insurance companies are getting comfortable with the asset class; it could also cause increased investment in P2P loans in Europe specifically where fixed income yields are historically low. 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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While fintech innovation has greatly evolved in recent years, there is still much more to be accomplished; one area available for significant market growth is financial inclusion; Lend Academy talks about fintech innovation for the underserved bank customer in their article; LendIt will be running a financial inclusion track this year at LendIt USA to help support development of this market opportunity. Source
In this guest post Tobias Briegel explores the intersection of blockchain technology and real estate. Source
Sandler O'Neill clients will soon get access to Orchard's suite of data analytics products thanks to a new partnership between the two firms; Lend Academy talked with Orchard to provide more insight on the partnership; clients of Sandler O'Neill include community banks, thrifts and specialty finance institutions; Orchard's Chief Commercial Officer Bill Ullman says the data partnership will provide expertise to help them evaluate investment opportunities in the online lending market. Source
SoFi bought online bank Zenbanx for approximately $100 million and will now be the first online lender to offer deposit accounts; Lend Academy provides more details on the acquisition in their article; the acquisition will help SoFi become a more central source for financial services to their clients; Zenbanx currently offers mobile accounts in the US and Canada; the current business will become integrated with SoFi's operations and Zenbanx's founder and CEO will be joining SoFi to run banking services; the acquisition gives SoFi significant latitude to launch additional banking products and the deposit accounts will add to the company's current products which now include student loan refinancing, consumer loans, mortgages, wealth management services and insurance. Source
Bo Brustkern, the CEO of LendIt Fintech and Co-Founder of NSR Invest shares his thoughts on the future of financial services. Source
The new CEO of the Innovative Lending Platform Association has written an op-ed focused on the Madden decision and how it could be fixed by Congress to better serve small businesses. Source
Emmanuel Marot writes about the hybrid robo advice model in a blog post for Lend Academy; says he is not in favor of the hybrid model since machine learning can take care of the needs of investors noting that complexity nor human whims have proven to bring any value. Source
Lend Academy discusses the changes to the home equity line of credit tax interest deduction with the new tax law and how it may affect unsecured lenders. Source
The Global Findex Database and accompanying report give a clear indication of how fintech is impacting access to financial services globally. Source