Nine new startups spanning blockchain and digital currency are now a part of the FCA's regulatory sandbox; companies added are Billon, BitX, Epiphyte, Govcoin Limited, Otonomos, Nivaura, SETL, Tradle and Tramonex; FCA executive director of strategy and competition, Christopher Woolard, stated, "It has been an intense process for both firms and ourselves and we are grateful for their cooperation and hard work in getting us all to this position. We look forward to these businesses bringing new products and services to market whilst we ensure that appropriate consumer protection safeguards are in place." Source
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.
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Ning Tang, founder and CEO of CreditEase, has received the China Financial Literacy Distinguished Contribution Award; the honor was awarded at the 2nd China Financial Literacy Annual Conference; as an institution, CreditEase was also honored with the China Financial Literacy Distinguished Contribution Award; the awards recognize Ning Tang and CreditEase for their broad commitment and contribution to financial inclusion, wealth management, fintech innovation and public financial education. Source
CreditEase was China's first P2P lender, founded in 2006; since its founding the firm has been expanding its services to wealth management and robo advice; Ning Tang, CreditEase founder and CEO, provides his insight on the business and the online lending industry in an interview; highlights how the company plans to expand its business lines through partnerships while also managing regulatory controls. Source
Nominations for the LendItFintech Industry Awards Dinner are now open. The dinner will be held on April 10, 2018 at One Market in San Francisco and the event will celebrate 500+ Fintech influencers and innovations and their outstanding achievements in 21 categories. We encourage fintech companies from around the world to apply for the categories that are the best fit. Source
One of the highlights of LendIt Fintech USA every year is our...
The Industry Awards Dinner is often the highlight of LendIt Fintech USA...
Japanese bank Nomura has taken a 22 percent stake in AI startup...
Nomura analyst Dan Dolev says that Square resembles Amazon and Google in the early days of those tech giants; "In 10 years, Square is likely to be a very different company helped by accelerating share gains from payment peers and relentless disruption of services like payroll and HR," Dolev said in a note to clients that was reported by Business Insider; the combination of new business ventures and increasing the number of ways they process payments are twos of true main reasons for the optimism; shares were trading almost 5 percent higher on Friday after the note. Source.
After the 2008 financial crisis regulators made changes to strengthen the banking...
Non-bank lenders in the Netherlands have been capitalizing on the global financial crisis and decreased lending from banks; Jeroen van Hessen's Dutch Mortgage Funding Company has been a leader in non-bank mortgage lending, a market that now attributes 20% of the 662 billion euros ($693 billion) mortgage market to non-bank lenders; Hessen was a market leader in the non-bank lending movement which has attracted interest from institutional investors willing to bypass traditional channels for higher returns; the effects from non-bank entrants have begun to show more significantly in the mortgage lending market where market share for mortgage originations from the region's top three banks fell below 50% for the first time in 2016; non-bank lending in the Netherlands has also increased interest from surrounding European investors familiar with non-bank platforms. Source