A new study by Mastercard and Harvard Business Review reveals that fintech...
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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One of the key pieces to the new MIFID II regulations is more transparency around investment fees; robo advisors have made their products more transparent and less complex, seeing that traditional advisors are now forced to be more transparent robo advisors might begin seeing business headed their way; before MIFID II investors incurred costs which were not required to be disclosed for buying and selling of shares, taxes, custody, slippage and more; implementation has been slow as incumbents try to adjust to the new regulatory requirements. Source.
Offering products to retail investors is something a lot of online platforms have struggled with as they look for diverse funding sources; the panel at LendIt USA 2017 entitled: New Models of Raising Debt and Equity Funding: eREITs & More with Kendall Davis of Fundrise, Jilliene Helman of RealtyMogul.com and moderator Mesh Lakhani of Mark 2 Capital discussed one of these retail options; panelists focused on how they source deals, inbound versus outbound sales teams, and how you must learn to be selective when looking at dealflow; the eREIT is a good portfolio addition for investors, it is long term and lacks volatility; panelists also discussed their thoughts on the new Trump administration and future innovative ideas for their platforms. Source
A new startup that allows for ordinary people, with a focus on...
Last week consumer advocacy group Consumer Action released a special report about...
Researches have investigated price manipulations in cryptocurrencies and have written a paper titled “Price Manipulation in the Bitcoin Ecosystem” which shares their findings; many of the newer cryptocurrencies as well as bitcoin in the early days were subject to manipulation since they were thinly traded; the article also shares instances of fake trades during the Mt.Gox hack. Source
A new partnership between prime dealer and trading system, SFOX, and M.Y....
New apps allow workers of Uber, McDonalds and Bloomin Brands to spend the money they have earned in close to real time; the Instant Financial App for example notifies users each morning is they want to deposit about half of their previous days earnings on a debit card; workers use the app for free while businesses are charged a fee; the app has seen benefits and drawbacks, accessing earnings quickly has increased productivity but it also has the potential to reduce the chances of saving money. Source.
Blossom Capital’s Ophelia Brown has created what is described as the first...
Alfa Finance Group has launched a new P2P lender in Latvia called DoFinance; the platform is available in all EU and EEA countries and will focus on consumer loans; it has over 150,000 registered clients and has originated over EUR16 million ($17 million) in loans. Source