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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.

Fintech News Roundup USA

·Apr. 16, 2018

Will 2018 be a Year of Falling Valuations in Fintech?

Writing a guest post for FT Alphaville Victor Basta, managing director of boutique investment bank Magister Advisors, says 2018 will be a year of falling valuations. The drop could hurt aspiring companies looking to go public soon, though a correction in valuations could be a long term positive for the market. Source.

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Fintech News Roundup USA

·Apr. 16, 2018

U.S. Regulators Risk Falling Behind in Fintech

Regulators around the globe are trying to keep up with innovation happening in fintech, though the US is in danger of falling behind. Congress needs to move beyond fixing small pieces of legislation and find a better way to encourage innovation. Source.

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Europe Fintech News Roundup

·Apr. 16, 2018

UK Government Chooses Nuggets to Fintech Trade Mission

Nuggets has been chosen by the UK government and the Mayor of London to embark on two trade missions to China this year. The missions are a way to build new business opportunities between Britain and China. Source.

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Fintech News Roundup USA

·Apr. 16, 2018

Bank Earnings, LendIt Update and Valuation Report

This week’s PeerIQ Industry Update covers earnings reports from Citi, JPM and Wells Fargo, a review of Lendit Fintech USA 2018 and the latest version of the PeerIQ Valuation Report. Source.

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Fintech News Roundup USA

·Apr. 16, 2018

EU Banks Investing in Fintech

A new report by CB Insights shows European banks are placing strategic bets across wealth management, lending, payments, regulatory technology and also blockchain. The data was compiled from from 2012 to Q2 2018. Source.

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Europe Fintech News Roundup

·Apr. 16, 2018

U.S. Banks are Preparing for GDPR

New regulations in Europe are set to effect U.S. banks that serve EU based customers. Banks need to understand what data is shareable and what new protocols to put in pace before the regulations take place in May. Source.

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Fintech News Roundup

·Apr. 16, 2018

Announcements and Press Releases

Fintech Startup Silot Raises $2.87mn

China WeiyangX Fintech Review

Lending Works Surpassed $100mn

dv01 Announces Expansion into Mortgages

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Fintech News Roundup USA

·Apr. 17, 2018

Announcements & Press Releases for April 17th

Assetz Capital Strikes Partnership to Increase Mortgage Lending

Qapital Raises $30mn in Latest Round

Harbor has Secured $28mn in Funding

defi SOLUTIONS Founder and CEO LendIt Fintech Industry Awards Finalist

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Asia/Pac Fintech News Roundup

·Apr. 17, 2018

Kraken Shuts Down Operations in Japan

The company plans to shut down all operations in Japan by end of June 2018; overseas Japanese investors who use domestic banks will still have access to trading activities in the local market; cost and resources were the main drivers behind the decision. Source.

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Fintech News Roundup USA

·Apr. 17, 2018

Marcus Looks to Create Digital Storefront with Clarity Acquisition

Marcus by Goldman Sachs announced it had bought PFM app Clarity Money, their 16th fintech acquisition in the past three years; the company is looking to create a digital storefront for the Marcus brand; Marcus believes the acquisition will help it to give them a competitive advantage and build revenue. Source.

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