In an interview with PYMNTS.com, the head of network and partnerships for Bud,...
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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Phill Rosen spoke with Crowdfund Insider following the news last week of the company surpassing $1.5 billion in loan requests; according to Rosen, besides debt consolidation, weddings, auto and home improvement are the most popular categories for loans; average loan size is $10,551; Avant is the most popular platform by take rate followed by both Lending Club and Ascend who have high take rates according to Rosen; EVEN has seen a significant increase in demand since September which may be regular seasonal demand; for 2017, Rosen sees more consolidation for the space, followed by more growth. Source
Mike Baliman runs the London Fintech Podcast and last made an appearance...
American Banker shares a slideshow of the various moves banks have made in consumer lending this year; some banks featured include Barclays, PNC, Capital One and TCF. Source
- Roostify Announces Integration With LendingTree
- NeoGrowth Credit Raises $47M in Funding
- Loan Program Plans to Offer Students Prepaid Bank Cards
- Enacomm Inks Reseller Agreement with Telvoyant to Modernize Bank and Credit Union Customer Self-Service through Data and Artificial Intelligence
- AutoGravity Exceeds $2 Billion in Finance Amount Requested in 2017
- Bank of America Enters Car Subscription Space With Volvo
- Former Ripple Exec Invests $57.5 Million in Digital Money Platform Uphold
- Block.one and Mike Novogratz’s Galaxy Digital Announce Joint Venture for New $325 million EOS.IO Fund
A new report by JPMorgan says they don’t believe blockchain technology will...
Last year JPMorgan did a rollout of their service called Finn which...
Earnin is a personal finance app used by millions of hourly workers...
Crowdfund Insider reports on regulatory developments in China's financial services sector; provides some additional insight on the CBRC's newly released document outlining ten high priority risks; according to Crowdfund Insider the chairman of the China Insurance Regulatory Commission (CIRC), Xian Junbo, has now been placed under investigation as the country seeks to regulate the financial services industry overall. Source
We recap the earnings results from LendingClub, OnDeck and GreenSky; LendingClub is...