News Roundup Archives | Page 352 of 715

A to Z

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.

Fintech News Roundup USA

·Mar. 30, 2020

Lenders Begin Tightening Credit Standards

Lenders of all stripes are starting to review their lending criteria as...

Read Full Story

News Roundup Online Lending

·Apr. 20, 2017

Lenders Expecting Regulatory Changes

President Donald Trump is expected to ease regulatory burdens across the financial services industry; some marketplace lenders believe this could help to cause less friction; “We want to deliver a frictionless experience but there’s all this friction—hopefully this administration will be helpful,” said Marlette Funding CEO and Founder Jeffrey Meiler on a panel at LendIt USA 2017; the current market environment includes expectations for rising rates and less regulation which seems to be helping the outlook for a growing marketplace lending industry with opportunities across a range of categories including mortgage lending and business lending. Source

Read Full Story

Fintech News Roundup USA

·Dec. 6, 2017

Lenders Using Different Credit Scores Sparks Controversy

FICO CEO Will Lansing said some banks are confusing customers by using a different score which he has dubbed Fako; VantageScore, the company behind the alternative scores, says their scoring is used by thousands of lenders for credit decisions and FICO is upset over competition; FICO is the most widely used credit scoring method as trillions worth of loans have been extended using FICO; JP Morgan Chase and Capital One both use VantageScore to help customers stay alerted about their credit health and not necessarily to underwrite loans. Source.

Read Full Story

Europe Fintech News Roundup Online Lending

·Mar. 27, 2017

Lenderwize Reporting Success in Online Lending Telco Platform

Marketplace crowdfunding platform Lenderwize is reporting success as the first online lending and project financing platform for telecommunications businesses; the firm offers invoice financing, project financing and equity financing with rates of return averaging 6% to 14% annually; they recently surveyed telcos in the industry finding among other statistics a cash flow market opportunity of $22 billion; the platform now has $7.3 million in borrower requests and $10 million committed from institutional investors and six equity investors; it is also expecting new capital from business development presentations at TechFluence's Fintech Meets Telecom in Frankfurt and the Fintech Circle and AngelDen's Pitch in London. Source

Read Full Story

Asia/Pac News Roundup Online Lending

·Apr. 13, 2017

LendEx Adds Two New Board Members

Australian P2P commercial property marketplace lender LendEx has appointed two new board members to its board of directors; Brian Benger will join the board with experience from consulting firm Mercer; credit market executive Kim Jenkins will also join the board; Jenkins is currently the CEO of the Australian Retail Credit Association; Benger and Jenkins join Robert Hines, the firm's chairman, as the board's non-executive directors. Source

Read Full Story

News Roundup Online Lending USA

·Apr. 4, 2017

LendFoundry CEO, Roger Vogel, Discusses Marketplace Lending

LendFoundry has developed a full operating system for marketplace lenders, banks and credit unions to provide online loans; Roger Vogel the firm's CEO talks about the operating system and how the business is evolving; also reports on the wide range of capabilities that the operating system offers including its APIs and services for compliance, loan originations and loan management. Source

Read Full Story

News Roundup Online Lending USA

·Mar. 6, 2017

LendFoundry Providing Leading Industry Solution for Online Lending Platforms

LendFoundry has enhanced its lending operating system (LOS); the LOS can now support loan processing and management for point of sale, auto loans, working capital loans and unsecured consumer loans; it also offers one of the industry's best suite of APIs for connecting with industry fintech companies including Clarity Services, Whitepages Pro, FEDChex, Yodlee, Towerdata, Twilio, Plaid, LOB and more; the platform has significantly expanded its API offerings to allow for increased integration across the industry; Brent Fausett, senior vice president and chief commercial officer at LendFoundry says: "Our product development team has built 50+ pre-configured APIs. We will continue on our vision and keep adding new APIs as we believe that a pre-integrated platform places lenders miles ahead of the competition." Source

Read Full Story

News Roundup Online Lending USA

·Mar. 6, 2017

LendGenius Offering Loan Matching Solution for Small Businesses

LendGenius is launching a new product to offer loan options for small businesses and to help increase education and awareness of small business credit availability; the company plans to launch its service in April 2017; the service will feature a dashboard of available loan offerings for companies based on their application profile; LendGenius has also worked extensively on building out the lender integration with the system which provides a range of API integrations and a comprehensive dashboard for reviewing borrowers; in the past four months the company reports over 30,000 requests for capital totaling over $8 million. Source

Read Full Story

Europe News Roundup Online Lending

·Dec. 9, 2016

Lendico Has Stopped Originating Consumer Loans in Germany

According to P2P-Banking, Lendico has stopped originating consumer loans in Germany; website is referring consumer loan borrowers to Finanzcheck, but the company is still offering business loans in Germany; company has also ended consumer loans in the Netherlands and stopped new loan originations in Brazil and South Africa; recent activity from the firm includes an announcement last week regarding a joint venture with Postfinance in Switzerland. Source

Read Full Story

Fintech News Roundup USA

·Feb. 14, 2018

Lending a More Mature Segment of Fintech

Yesterday Forbes released their Fintech 50 list; since lending was one of the early segments in fintech, the companies on the list are some of the most mature businesses; Forbes shares more details on those with traction including Affirm, Better Mortgage, Blend, CommonBond, GreenSky, Kabbage, LendingHome, Tala, and Upstart. Source

Read Full Story