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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

·Jan. 13, 2017

Webinar Replay: LendIt Forum Presents Key Considerations for Risk Retention in Securitization

A replay is now available for LendIt's Key Considerations for Risk Retention in Securitization forum which was held on Wednesday, January 11, 2017; the webinar provided insight on new risk retention regulations for securitization in effect beginning December 24, 2016; speakers talked about a range of securitization related topics including optimal risk retention structures, commercial considerations related to sponsors and requirements necessary for majority owned affiliates.

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Fintech News Roundup USA

·Feb. 26, 2020

Klarna Reports Annual Loss for the First Time

Swedish fintech startup Klarna, who along with Revolut are valued as the...

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Fintech News Roundup USA

·Jan. 26, 2018

JPMorgan Chase Makes Big Investment Into Staff and Branches

As banks keep closing or reorganizing their branch experience JPMorgan Chase just made a big bet on branches and staff; the bank announced a 5 year $20bn investment plan that includes 400 new branches and 4,000 new jobs; the plans included expansion into 15 to 20 new markets for the branches, where most of the staff hires will occur; they also said lending will increase by 25 percent over the next 5 years. Source.

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Fintech News Roundup USA

·Jun. 19, 2019

Fintech Algorithms Discriminate Less than Traditional Lenders

An article from Quartz article using a study on US mortgages shares...

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News Roundup Online Lending USA

·Feb. 2, 2017

Fed Leaves Rate Unchanged

The Federal Open Market Committee (FOMC) announced on Wednesday that it would leave its federal funds rate unchanged; the Fed increased the rate to 0.50% to 0.75% at its last meeting in December and predictions have called for more aggressive increases in 2017 however it seems they may be later in the year; Janet Yellen speaks before Congress in February and the market is currently reporting an 18% probability of an increase in March at the FOMC's next meeting. Source

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Europe Fintech News Roundup

·Jan. 28, 2019

Fintech Firms Extend Credit to UK Manufacturers in Preparation for Brexit

Fintech firms are extending credit to UK manufacturers so they can stockpile...

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Fintech News Roundup

·Mar. 28, 2019

Announcements & Releases for March 28, 2019

Direct lending fund hits dividend target, increases average lending yield A crypto...

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Europe Fintech News Roundup

·Nov. 21, 2016

Metro Bank Upgrades Its Digital Banking Platform

The UK's Metro Bank has enhanced its digital banking platform and launched new services; the new services include advanced technologies across nearly all aspects of the online user experience; the enhancements follow increased competition by digital-only banks including Starling, Atom, Tandem, Loot and Monzo; Metro Bank opened in 2010 and is also an investor in consumer loans through marketplace lender, Zopa. Source

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