Mambu has launched a digital marketplace to offer cloud based apps, products and tools for banking; the company will allow for integrations to be done locally or globally; Ben Goldin, Mambu’s head of product and technology, tells Banking Technology, “the marketplace provides an opportunity to present their offerings to institutions and influencers with the Mambu engine powering a composable architecture”; current partners include Onfido, Form3, nCino, Avoka and Experian. 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.
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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Speaking on CNBC with Jim Cramer on Mad Money, Reses shared that...
A survey by FT Confidential Research shows the online lending industry in China continues to consolidate from new regulations; the days of significant growth and platform expansion have ended as the government looks to weed out the smaller players; since 2016 the government has capped borrowing limits, shut down secondary markets and forced platforms to file with local regulators. Source.
Since expanding globally in 2019 Visa has grown their Fast Track program...
Billie is an invoice finance platform that launched earlier this year; the round was led by Creandum with participation from existing investors Speedinvest and Global Founders Capital; the company focuses on complete automation with no human interaction; It was co-founded by Matthias Knecht and Christian Grobe; Billie also secured a refinancing facility from a major German bank.
We have another busy week of great sessions for LendIt Fintech Digital:...
The Open Banking Implementation Entity or OBIE chose regtech firm Contego to support OBIE’s identity proofing and verification processes; Nigel Spencer, head of support services at OBIE, tells Banking Technology that Contego delivered a “bespoke solution that combines automated identity checks with the added security of face-to-face verification” and this made the firm “the obvious choice”.; the company can customize their solution and deliver in real time via API. Source.
OnDeck has achieved GAAP profitability and announced some interesting new developments for 2018. Source
SoFi is one of the US's fastest growing alternative finance companies; the Financial Revolutionist talks with Mike Cagney about the firm's accomplishments, success factors and future objectives; Cagney provides insight on the firm's recent acquisition of Zenbanx and $500 million fundraising; discusses how these deals will drive growth for the firm and the other areas of the business the firm is working to expand. Source
During the week I share the latest marketplace lending and fintech news...