Digital banking innovation is beginning to shake up the traditional bank market...
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 deal marks the first blockchain powered sustainable “Schuldschein” loan and totaled...
Fresh off a new round of funding led by Andreessen Horowitz Synapse...
CBOE CEO Edward Tilly told the Financial News that recent criticism about bitcoin futures was “uncalled for”; “I think letters like that and cheap shots to our regulator, the CFTC, are uncalled for to make it seem this was an overnight self-certification without the proper amount of CFTC involvement,” explained Mr. Tilly; he explained that the Options Clearing Corporation clears the contracts for the CBOE and was comfortable with their decision of bitcoin. Source.
CreditEase has been reporting significant fintech investment from a range of fintech funds managed by the firm; it announced this week that its CreditEase Wealth Management Offshore Private Credit Fund (OPCF) was investing $30 million in OnDeck and LendingHome and that it also had plans for another Offshore Private Credit Fund (OPCF II) focused on fintech with a $200 million investment target; at LendIt USA 2017 the firm announced three new fintech investments for its CreditEase Fintech Investment Fund (CEFIF) which has $1 billion in total committed capital; it's also investing in Israeli fintech through two funds focused on tech startups in Israel. Source
HSBC Bank USA has partnered with Roostify in order to offer a...
Wells Fargo currently has capacity to lend $10 billion to small businesses...
Over the past several years, technology has become increasingly ingrained in our...
Opus Fund Services has released OpusNotes™, a loan accounting services platform for marketplace lending vehicles; in comments regarding the release, Mike Canni, chief operations officer for Opus, said, "This product is the culmination of five years of development, working with the requirements of the world's largest marketplace lending hedge funds and their institutional investors. Delivered through our online dashboard, this is a significant release of the most comprehensive platform available for the provision of administration services for marketplace lending strategies." Source
Here are the most read news stories from our daily newsletter today:...