Here are the most read news stories from our daily newsletter today:...
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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ChargeAfter operates in the point of sale space, connecting merchants and lenders...
According to a new independent review of UK based Co-operative Bank by...
There are unique tax implications when it comes to investing in marketplace lending and investors should consider investing through an IRA; LendingClub is currently offering a bonus for IRA investments and is working with a new preferred custodian. Source
According to more than 80 patents viewed by the Financial Times the...
India company, Bharat Financial Inclusion, has reported financial performance that is demonstrating success with a rural-focused audience, operational cost controls and reduction in cost of funds; this strategy compares with other micro-lenders in India that are seeking rapid loan volume growth in urban centers, but with limited or negative profitability; Bharat announced net income growth of 87.3% to Rs146 crore (US $22 million) in the second quarter ended September 30; the marginal cost for borrowing to fund micro-loans has declined to 9.5% in Q2, and its average interest rate to borrowers stands at 19.75%. Source
Business Insider takes a look at a growing trend in fintech as companies look to offer blockchain technology as a service; companies offering this already include Amazon AWS, IBM, Microsoft Azure and R3 Corda; this trend is seen as something that will only increase in the coming years as more adoption of this technology occurs in financial services and beyond. Source.
Neo Capital provides details on their business services in their featured blog posts; the firm provides a range of services for wealth management, inclusive finance, consumer finance and investment management with a specific focus on data management and anti-fraud solutions for financial inclusion initiatives; their white paper, "How Big Data Risk Management Helps to Build the Value of Inclusive Finance Rapidly" offers insight on financial inclusion solutions and fintech for financial enterprises. Sponsored Blog Post
Last week Lending Club quietly made the addition of recovery rates to...