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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.

News RoundupOnline Lending
·Jan. 13, 2017

Follow Up Friday: PeerIQ’s Fourth Quarter Securitization Report

PeerIQ released its fourth quarter "Marketplace Lending Securitization Tracker" this week; marketplace lending accounted for $2.4 billion of the securitization market in the fourth quarter; data from the fourth quarter report shows securitization investments as an increasingly important source of capital for marketplace lending platforms; in 2016 70% of loans were invested in through securitizations.  Source

PeerIQ 4Q16 Exhibit 15

 

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EuropeFintechNews Roundup
·Mar. 11, 2019

An Analysis of Wirecard’s Business

The Wall Street Journal provides a picture of Wirecard’s current business, comparing...
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FinanceNews RoundupOnline Lending
·Nov. 15, 2016

Securitized Online Lending Loans Approaching Triggers

According to a report by Bloomberg, four bonds comprised of online consumer lending loans have reached or are approaching trigger levels; the four bonds include three securitizations by Avant and one by CircleBack Lending; according to one source, two of Avant's securities breached triggers this month for the first time; the four offerings total over $500 million in size.  Source

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FintechNews RoundupUSA
·Mar. 9, 2018

Fintechs See Amazon Checking Accounts as Positive

Speaking to American Banker fintech firms Chime, Moven, Kabbage and more say the move by Amazon is a net positive; most comments showed surprise that it took the retail giant this long to make a move like this; the overall sentiment was positive, pointing out that the entrance of Amazon will increase knowledge of fintech and validating their thoughts on the need for improved consumer experience in banking; the fear that Amazon would just take over is overblown, there is room for the giant retailer and a lot of fintechs who cater to a specific market. Source.

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EuropeFintechNews Roundup
·May. 17, 2018

Atom Bank Launches Mortgage Product for First Time Buyers

Atom Bank has launched a new mortgage product for first time buyers;...
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EuropeFintechNews RoundupUSA
·May. 24, 2019

Announcements & Releases for May 24, 2019

Kaspersky Lab Sees Spike In Mobile Banking Cyberattacks Zero raises $20 million...
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FintechNews Roundup
·Feb. 3, 2017

Banks and Border Agents Grapple with Biometric Technology

As more and more countries begin implementing biometric technology at their borders, banks are also beginning to use fingerprint analysis and retina scans to verify identities; Canada has used their NEXUS program to track travelers and India has used the Aadhaar program to identify their population; banks have begun testing out these technologies to see what fits their customer best: fingerprints, retina or facial recognition; with the new technology still comes age old issues of theft; stealing a fingerprint then changing it can happen just like the changing of a password; banks are still trying to figure out how to address the new technology and learning lessons from border patrol is one way for them to ensure the best solution.  Source

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FintechNews RoundupNorth America
·Apr. 25, 2017

U.S. Bank and Bank of Montreal Share Their Plans for Technology Investment

U.S. Bank and Bank of Montreal are investing in digital technology to overhaul their websites, mobile apps, call centers and ATMs; the two companies shared their plans with American Banker; common themes from both companies include: 1) invest in what customers are dissatisfied with 2) make incremental enhancements 3) create a unified customer experience 4) establish an innovation team and 5) test emerging technologies. Source

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FintechNews Roundup
·Sep. 22, 2017

ViaBTC to Launch Bitcoin Exchange Overseas After Beijing Bans Trading at Home

Chinese bitcoin exchange ViaBTC plans to open an overseas platform after Beijing ordered the closure of all cryptocurrency exchanges on the mainland; ViaBTC announced a week ago that it would follow Beijing’s orders and shut down its Chinese exchange business by the end of September. Source

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FintechNews Roundup
·Feb. 9, 2018

Ant Financial Planning New Raise

Ant Financial is planning to raise up to $5 billion which could value the company at more than $100 billion; this could potentially lead to an IPO as the company establishes a recent valuation; they last raised a round in 2016 at a valuation of around $60 billion. Source

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