Fintechs PayPal and Intuit were the first two non-bank lenders to be...
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.
AltFi sat down with Revolut’s Rishi Stocker who is leading their effort to expand into Japan; Revolut has found the Japanese market to be more challenging than initially hoped; key issues include regulators want a local presence and for the fintech to hire someone with on the ground expertise; they also want to ensure their product targets the right customer in Japan. Source.
Circle is planning to offer a similar product to Coinbase called Circle Invest; the platform has now launched in beta as users reported they were receiving invites; the app will support Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ethereum Classic; the app currently does not support cryptocurrency deposits. Source
Data from Invest Hong Kong's Start-up Profiling Survey shows private market startup business growth for the country; the number of startups in Hong Kong has increased from 1,558 in August 2015 to 1,926 in August 2016; fintech startups operating from co-working spaces and incubator/accelerator programs in Hong Kong have also increased significantly, growing from 86 in August 2015 to 138 in August 2016. Source
P2P lenders in the UK will be required to give information to investors on loan performance; the new measure is expected to be announced this year with implementation not likely until mid-2018; both information on delinquent loans and due diligence were included in the FCA's interim consultation paper; the latest review by the FCA is the second in two years. Source
RBC shared during an earnings call last week that they intend to...
SoFi has published a blog post in response to a New York Times article about recent news at the company; discusses what SoFi calls vague claims as it relates to their mortgage and personal loans business; provides updates on what the company is doing related to corporate culture and Mike Cagney’s departure. Source
Last Sunday night the world saw SoFi Stadium in all its glory...
According to Business Insider Intelligence’s inaugural Banking Digital Trust study PNC, Chase...
Crowd Valley compiles a list of some of the most interesting fintech reports through the first half of 2017; the reports cover a wide range of research from consumer adoption of fintech worldwide to venture capital investment trends across the globe; there are four particular areas of focus they point out: insurtech, banking, payments, and artificial intelligence and blockchain; for newcomers and industry veterans these offer a good understanding of where fintech is today. Source