AirFinance has helped to expand marketplace lending capabilities in the aviation finance market through a recent launch of FlyFunder: a closed-network connecting financiers, investors, used aircraft brokers and aircraft developers.
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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Raymond James has announced it will integrate robo advice services with its financial planners; the firm says it will use an internally developed system available to its approximately 7,100 advisors; the platform will be accessible to clients and overseen by their advisor; the firm says it will also comply with the Department of Labor's new fiduciary rules. Source
Consumer awareness of their financial health has never been higher; whether planning...
Raisin offers a platform to offer savings account options across Europe; they currently have over 100,000 customers; the funds will be used to accelerate growth across Europe. Source
Last week I conducted a peer to peer lending investor Q&A webinar....
When the CFPB was first formed the mission was to better protect...
There is a worldwide problem in that not enough people have access to financial opportunity in underserved markets; at LendIt USA 2017 we hosted a panel that focused on impact investing and opportunities for the underserved in financial services; panelists discussed the size of the market, how technology has helped to close the gap and why they feel that investing with their hearts and wallets is the better way to go; the discussion talked through the difference between regular investing and impact investing, as well as what investors look for when an opportunity presents itself; technology has allowed for low to middle income families to have a better understanding of their daily financial health and to expect better services; the panel also touched on the risks involved in certain markets, how to assess potential investments in emerging markets and how the local regulatory bodies can play a role; looking at investments beyond the financial return has helped communities around the world and this looks to be a trend that is on the rise. Source
Here are the most read news stories from our daily newsletter today:...
The Consumer Financial Protection Bureau (CFPB) has fined TransUnion and Equifax over $23.2 million for deceptively advertising services; the agencies reportedly advertised credit services costing customers over $200 as free and misled customers about the use of credit reports they obtained; according to the CFPB, TransUnion will pay $13.93 million to consumers and a $3 million fine while Equifax will pay $3.8 million to consumers and a $2.5 million fine. Source
Known for its personal finance and credit advice, Credit Karma has announced some new changes and initiatives with an overall rebrand; expanding on its free credit scores, credit reports and credit monitoring, the firm has launched Credit Karma Tax which will offer free tax preparation services; the service is driven by its acquisition of AFJC Corporation which provides online tax preparation solutions; with the tax offering, the firm has rebranded to convey itself as a financial assistance solutions provider; according to Credit Karma Founder and CEO Kenneth Lin, "We'll continue to add tools and features that will make Credit Karma more of a personal assistant for finance." Source