Business Insider recently sat down with with Lori Beer, JPMorgan's chief information officer, about the bank’s strategy for working with companies in the fintech market; they have chose to work with fintech firms of all different sizes through a residence program for younger companies to partnership or acquisitions with maturing companies; the bank sees fintech as a core component of their offering. 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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Nutmeg will offer clients five portfolio options with automated rebalancing to client risk profiles; platform is also updating its fees to a two tiered fee structure; new fees are 75 bps on the first 100,000 British pounds ($120,310) and 35 bps on anything above that; the individual investment strategies also include fees ranging from 13 to 22 bps; the changes follow private market capital investment of 42 million British pounds ($50.53 million) in 2016. Source
During the week I share the latest marketplace lending and fintech news...
In its most recent podcast, ReBank talked with Rob Moffat of Balderton Capital; the podcast provides a venture capitalist's view on European fintech; Moffat talks about the market opportunities for investment and the firm's investment portfolio; LendIt will also be featuring Rob Moffat as a PitchIt judge at this year's LendIt Europe event in October. Source
In the early days at Charles Schwab Corp. the company was seen...
Citigroup led the $20 million round and the company is now worth $200 million; Citigroup plans to use the startup’s technology which uses natural language processing to improve customer interactions; the software converts audio conversations into text and then uses sentient analysis algorithms to detect questions, and whether it was a positive or negative interaction; it also works to determine bearish and bullish markets for traders. Source
The CEO and Chairman of Elevate talks about the challenges of the short term loan space and what makes his company different. Source
Bloomberg is reporting that SoFi is in the final stages of closing...
Financial inclusion is a factor considered by the Office of the Comptroller of the Currency (OCC) in all of its banking charters; American Banker discusses how the fintech charter's financial inclusion provisions compare to the Community Reinvestment Act requirements for banks; the new fintech charter would require fintechs to detail how they plan to promote financial inclusion with accountability from the OCC for those goals and more direct OCC enforcement actions for fintech companies. Source
It is not very often that there is an intersection between alpacas...