Fidelity recently conducted a survey which found that about half of institutional...
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.
The market for initial coin offerings (ICOs) has seen quite the rise in 2017 as investors have been pouring billions into blockchain based startups; these large fundraisings have been done without any real regulatory oversight until recently; in July the Securities and Exchange Commission issued a report stating that the offering by the company DAO was a securities offering; Chinese regulators issued statements over the past few months stating their intention to look at the market and this past weekend they deemed ICOs illegal in China; while companies have been able to secure vast amounts of capital there has also been increased cases of theft and fraud; the coming regulatory wave is sure to change how market participants act. Source
A venture capitalist blogpost from avc.com provides some interesting predictions for 2017; expects the US stock market to continue its bullish trend higher into the first half of 2017 with support from corporate and personal tax cuts from President Trump; thinks tech initial public offerings (IPOs) will increase in 2017; Google and Facebook will see some challenges as monopolies; software as a service companies will consolidate; artificial intelligence (AI) will continue emerging with corporate AI strategies a top priority for businesses; venture capitalists will invest in genomics and biometrics; crypto programming will be important for cybersecurity. Source
The partnership is with Bud through first direct and will offer an integrated offering of financial services products and tools across the market; Raman Bhatia stated, “At HSBC we recognise that the sector needs to innovate to meet changing customer needs and we’re investing significantly in digital innovation, including working in partnership with fintechs such as Bud” Source
Manatt, Phelps & Phillips, LLP has released a report based on survey results from 75 executives and investors at banks, fintech companies and private equity firms; Lend Academy provides a summary of the report in their article; report focuses on the interest from regional and community banks in partnering with fintech companies; high interest from these banks since the partnerships can help them provide their services at a lower cost and also expand geographically; survey results find that the majority of regional and community banks are already engaged in partnerships with fintech firms. Source
Railsbank offers an open banking and regtech platform and last raised a...
Japanese bank Nomura has taken a 22 percent stake in AI startup...
During the week I share the latest marketplace lending news on Twitter...
Lend Academy discusses the changes to the home equity line of credit tax interest deduction with the new tax law and how it may affect unsecured lenders. Source
Recent news of deposit products from Aspiration, SoFi and Wealthfront point to...