Sharestates is one of the most successful companies in the real estate...
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 board of directors at CAN Capital, an online lender for small businesses, has named Parris Sanz as the company's chief executive officer and promoted Ritesh Gupta to chief operating officer; the new executives will be focusing on process improvements and market positioning as the company seeks to grow its lending business for small companies; CAN Capital has been an industry leader in small business marketplace lending with more than $6 billion funded since 1998; the firm is primarily focused on providing merchant cash advances. Source
In its first Fintech Conference, New York University's Stern School of Business discussed some key topics in the industry including regulations to public policy, equity crowdfunding, marketplace investing and blockchain technology; Dan Schulman, president and CEO of PayPal, was the keynote speaker; panel discussions included, "Marketplace Investing Versus Venture Capital" and "Beyond Blockchain and the Decentralized Autonomous Organization." Source
A new report estimates that around 22% of fintech jobs in the...
French based online lending fintech October is telling small businesses they won’t...
During the week I share the latest marketplace lending and fintech news...
IW Capital has surveyed 1,000 investors who have between GBP10,000 ($12,812) and over GBP250,000 ($320,300) worth of investments; the report shows UK investors are willing to take on greater risk in 2017; 44% of investors think Brexit will have a positive impact on their investment strategy; many investors see investment opportunity in private equity and UK investors also reported they will be looking more to tax efficient investing. Source
During the week I share the latest marketplace lending and fintech news...
Lend Academy provides details on how marketplace loans are performing at Lending Club and Prosper; delinquency rates have been increasing since the third quarter of 2014; less risky loan grades have continued to report the best performance; lower quality loans have suffered increased degradation specifically since the third quarter of 2014; Prosper has made fewer interest rate changes than Lending Club and it seems its higher risk loans are performing slightly better; Lending Club announced additional changes to the platform on January 18th. Source