We are now getting a sense of the impact of the coronavirus...
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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The Telegraph explores performance on Lendy Finance, previously known as Saving Stream; outlines specific properties that have struggled and that almost 25% of loans are outside original terms; Lendy states that just 14.5% of its loan book is in default and is in line with the wider bridging and development finance market; the property lender’s loan book now totals £300 million. Source
Regulators in the US are contemplating giving banks additional regulatory points for...
Stripe led the $22.5 million Series A round in the startup which...
During the week I share the latest marketplace lending news on Twitter...
Gabriella Kinder, head of alternative credit at NN Investment Partners, writes a piece in AltFi focusing on where the lending gap is since the end of the financial crisis; she explains that the lending gap has been reduced and alternative lending has opened up opportunities; while banks are in better shape they still face challenges on the digital front and credit has been increasing since the start of 2015; overall the gap has reduced and new opportunities have opened up as finance has become more diversified and digital in recent years. Source.
PayPal has announced new capabilities that allow for international person-to-person payments in 30 countries with Siri; PayPal's Siri iPhone users can direct international payments to individuals using voice activated prompts; the solution evolved from Apple's iOS 10 operating system; the new offering is part of a focus by PayPal on mobile, a category that reported a 56% growth rate in the third quarter of 2016. Source
The New York City-based company raised their Series A funding from WisdomTree Investments, Inc., who sees this opportunity as a strategic investment; the deal will set up WisdomTree's asset allocation models to be made available through AdvisorEngine's open architecture platform and WisdomTree will actively introduce the new platform to its distribution network; AdvisorEngine intends to use the funds for the continued development and expansion of its wealth management platform. Source
Peter Renton, Founder of Lend Academy and Co-Founder of LendIt Fintech shares...
Kabbage will add payment processing capabilities by the end of the year...