LendUp has long been a champion of the non-prime consumer, what is...
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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blooom has developed a digital advice platform for defined contribution employer benefit plans; it seeks to provide automation, transparency and simplicity around retirement investing; the platform currently offers both automated and personal financial advice through online chats with human advisors; it recently raised $9 million and plans to expand its client base from 6,000 to 50,000 by the end of 2017. Source
Mastercard has teamed up with Urban FT and the payment services subsidiary...
Earnest is one of the largest student loan refinancers in the country...
Understanding the millennial customer is a key for most lenders in the market today and Stephen Dash of Credible explains how his firm handles this challenge during his fireside chat at LendIt USA 2017 with Dakin Campbell of Bloomberg; identifying who the millennial is and how they consume information will help you to tailor your products to this group; 25% of consumers today fall into the millennial category and Credible believes a strong, focused product set will help them to service this generation efficiently; before looking to sell other types of services you must first build a relationship with them, trust can be eroded in an instant; ensuring a compelling value proposition is the key and fully understanding what the customer needs will help you to hold that customer over the lifetime; ultimately customers are co-owned and you can help to make sure your relationship lasts by showing a loyal and durable product set. Source
Consultancy firm Accenture revealed that UK digital banks acquired 6 million customers...
European Banks have increased advertising for IT and engineering roles by more...
- Remitly Raises up to $115M in Series D Funding
- RateSetter changes approach to property loan defaults
- This UK fintech is taking on big banks with business loans — and one key EU law is driving it
- Orchard to Launch Online Lending Industry Page on the Bloomberg Terminal
- LendingTree Announces Top Customer-Rated Lenders by Loan Product for Q3 2017
BondMason has launched a new self-invested personal pension (SIPP) service; the service provides for tax efficient retirement investing and the platform allows investors to invest in loans from across the UK's most competitive P2P platforms; "For this SIPP offering, we've worked with pension administrators to create a product which benefits from our due diligence process and the selection of only the best loans from the best P2P platforms," says BondMason CEO Stephen Findlay. Source


