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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.

News Roundup Online Lending Regulation USA

·Dec. 7, 2016

New Law in New York Providing More Support for Transparency in Online Lending

A new law has passed in New York to provide support for online lending; the law includes direction for the development of an outreach campaign that will educate small businesses about marketplace lending; educational materials will come from the Department of Economic Development and the Department of Financial Services and will include simple language detailing potential costs and risks including the disclosure of percentage rates, fees, charges and early repayment options. Source

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News Roundup

·Jan. 22, 2021

10x Future Technologies Backed by Ping An

10x Future Technologies will soon announce a new funding round of over $40mn from China's Ping An and global consulting firm Oliver Wyman; the funds, according to Banking Technology, will help to speed up technology development and expand the company into Asia. Source.

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Fintech News Roundup

·Feb. 28, 2017

Nick Ogden Launches ClearBank

Nick Ogden has launched ClearBank after three years of development on the multi-million-pound project; the bank is marketed as a "bank for banks," targeting fintech startups, credit unions, building societies and other challenger banks; it will focus on payment processing, which it plans to offer at cheaper and faster rates than competitors, and also an "off the shelf core banking service." Source

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Europe News Roundup Online Lending

·Sep. 6, 2017

Issues with Transparency at RateSetter

The Times provides more detail on issues of transparency at RateSetter; reports that RateSetter made loans in partnership with Wellesley and Archover; according to The Times, RateSetter lent via these platforms, utilizing them as a source of borrowers; around GBP10 million ($13.05 million) in property development loans were lent in conjunction with Wellesley which were repaid in full in April 2016; GBP1 million ($1.31 million) in loans are still outstanding with Archover; a RateSetter spokesman reported that no new loans with these competitors are being issued. Source

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Fintech News Roundup

·Nov. 1, 2017

Karen Mills on Future of Small Business Lending

Crowdfund Insider sat down with Karen Mills at LendIt Europe 2017; Mills is a Senior Fellow at the Harvard Business School and was previously head of the US Small Business Administration; she believes we are between two phases in the market: the banks waking up and the platforms arriving, including Alibaba, Amazon, Square etc. Source

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Fintech News Roundup USA

·Jan. 29, 2018