For the first half of this year the number of available loans...
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.
It was back in 2013, when LendIt was just getting under way,...
According to a new World Economic Forum report, tech giants like Facebook, Google and Amazon have enormous potential to disrupt finance; the big tech companies already have scale and brand recognition, something most startups are still looking to achieve; AltFi reports that the 200-page report says: "Financial institutions increasingly resemble, and are dependent on, large tech firms to acquire critical infrastructure and differentiating technologies, the coming collision between financial institutions and large techs leads to tough choices for all firms: become dependent on large techs or risk falling behind."; the report goes on to say fintechs, while successful, have still yet to really disrupt big financial firms as many of their solutions are beginning to be built by the incumbents. Source
In our recent blog post we outline our three audiences in the USA, Europe and China; all of our global fintech conferences highlight the most innovative companies from around the world; at our March LendIt USA conference we are expecting 5,000 attendees in New York City with participants from over 40 different countries; we encourage our international attendees to book their travel plans early; read more about our global audiences in our blog post and contact LendIt to answer any questions you may have about international travel plans or visa letters. Source
Tezos raised $232 million in their initial coin offering; according to sources there is a dispute happening behind the scenes between the two founders (Arthur and Kathleen Breitman) and the president of a Swiss foundation (Johann Gevers); the two founders helped create the foundation to handle the ICO and to develop the Tezos network; the Breitmans made accusations of self-dealing, self-promotion and conflicts of interest against Gevers in a letter to other members of the board; Gevers refutes the claims made by the couple. Source
UK-based P2P lending platform Assetz Capital has announced a promotional interest rate increase for investors in its 30 day access account; investors will receive a 4.75% rate of interest for up to 90 days after investment through May 11; the promotion adds 50 basis points to the current rate on the account with interest paid monthly. Source
- BBVA and Visa-backed banking platform solarisBank scores €56.6m in Series B raise
- $9 billion Stripe just bought a payments startup backed by Eric Schmidt as it goes after even larger customers
- Square’s Cash app now supports direct deposits for your paycheck
- Will There be Another Alibaba in Fintech? (LendIt Fintech Blog)
- Today’s Crypto Asset Valuation Frameworks
- Cash for HODL? NY Wealth Manager to Issue Loans Against Bitcoin
During the week I share the latest marketplace lending news on Twitter...
The lending partnership with allow small and medium sized businesses who sell...
Many of the major US banks are now adopting digital strategies into their business; Lend Academy shares progress from JPMorgan, Bank of America, Wells Fargo, Citi and Goldman Sachs. Source