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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.

News Roundup

·Sep. 23, 2021

Lend Academy Article: ApplePie Capital Signs Deal with Large Bank

ApplePie Capital has received endorsement from Fifth Third Bancorp as more large banks take an interest in marketplace lenders; Fifth Third Bancorp participated in a funding round that resulted in a $16.5 million investment for ApplePie Capital; Lend Academy provides details in their article; the funding will help ApplePie Capital continue to improve its market positioning; it currently provides loans for franchisees affiliated with its 40 franchise brand partnerships. Source

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News Roundup Online Lending USA

·Aug. 28, 2017

Lend Academy Podcast: Bo Brustkern and Emmanuel Marot

LendingRobot and NSR Invest are robo-advisors in marketplace lending; the firms have now merged to become the largest robo-advisor in the space; Lend Academy discusses the history of each company and the reasoning behind the merger; discusses the unique aspects of each offering and what the go forward plan is for the merged company. Source

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Fintech News Roundup USA

·Apr. 21, 2017

Ocwen Financial Corp. Receives Enforcement Orders from 22 State Regulators

Ocwen Financial is currently managing enforcement orders from 22 state regulators regarding abuse of mortgage servicing; factors involved with the proceedings include illegal foreclosures, deceptive fees and mishandled customer home loan payments; shares of the publicly traded company have fallen approximately 50%; the enforcement orders prohibit the acquisition of new mortgage servicing rights and the origination of mortgage loans. Source

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News Roundup Online Lending USA

·Aug. 29, 2017

The Protecting Consumers Access to Credit Act of 2017 Legislation

Discusses the provisions of the Protecting Consumers Access to Credit Act of 2017; says the legislation which seeks to fix Madden v. Midland will cause increased predatory lending; bill is based on valid when made doctrine and author discusses the consumer protections involved in loans that are transacted after issuance. Source

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Fintech News Roundup USA

·Mar. 4, 2020

Ant Financial Takes Stake in Klarna

Klarna is a well known fintech company in the buy now, pay...

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News Roundup Online Lending USA

·Apr. 24, 2017

YieldStreet Reports Lending of over $100mn

YieldStreet has reached $100 million in lending in less than eight quarters; the firm markets returns of 8% to 20% with a peer-to-peer lending model that offers secured loans; investment minimums begin at $5,000 and the platform has a range of investors including accredited, high net worth, family offices, registered investment advisors and institutional investors. Source

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Europe News Roundup Online Lending

·Oct. 26, 2016

Scottish Government Participates in LendingCrowd Loan Investments

A development agency for the Scottish government, Scottish Enterprise, and its investment arm, the Scottish Investment Bank (SIB), have agreed to fund loans on the LendingCrowd platform; they will invest up to £2.75 million in Scottish small-to-midsized businesses, acting in parallel to the retail investors on the platform; the Scottish government earlier identified SMEs needing financing up to £150,000 as an economic development priority. Source

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Fintech News Roundup USA

·May. 18, 2020

Starling Bank Sees Strong Demand for Bounce Back Loans

AltFi reports on Starling’s progress in participating in the Bounce Back Loan...

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Fintech News Roundup USA

·Dec. 14, 2016

First Republic Bank Acquires Student Loan Repayment Technology Platform

First Republic Bank has acquired Gradifi, a student loan repayment technology platform; the platform offers technology that allows employers to make contributions to the student loans of their employees; an increasing number of employers have been integrating student loan contributions with their benefit plans; Gradifi will become a wholly-owned subsidiary of First Republic Bank and the acquisition will help it to meet the increasing demand for its technology. Source

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