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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.

FintechNews RoundupUSA
·Aug. 14, 2017

Microsoft Releases Ethereum Based Protocol Coco

The Confidential Consortium framework called Coco is an ethereum-based protocol that organizations can use to process information on the ethereum blockchain; Microsoft Azure's CTO says it can help enterprises scale their operations securely; explaining the benefits of the technology, Coco user, Tom Racette, vice president at Mojix, said: "Being able to run our existing supply chain Dapp code much faster within Coco framework is a great performance improvement that will reduce friction when we talk about enterprise blockchain readiness with our retail customers. Adding data confidentiality support without sacrificing this improvement is what will enable us to lead the digital transformation we are envisioning with smart supply chains." Source

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News RoundupOnline Lending
·Mar. 16, 2017

Scott Sanborn on LendIt USA

Scott Sanborn gave a recap of his LendIt USA 2017 keynote presentation and reiterated his excitement and positive outlook for the marketplace lending industry in a blog post; Sanborn identified three key areas of importance: evolving the customer experience, unleashing the platform potential and amplifying core innovations; with a focus on these three things Lending Club plans to see more borrowers and investors as well as a number of new and innovative partnerships fueling its future business growth.  Source

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News RoundupOnline Lending
·Oct. 27, 2016

Prime Venture Partners and Sequoia Capital India Lead $6.25mn in KredX

India-based platform, KredX, who focuses on providing short-term working capital to blue-chip companies, has raised a Series A round; Sequoia Capital has joined existing investor Prime Venture Partners in the round; company was founded in 2015 and has facilitated 3,000 transactions ranging from Rs 1 lakh to Rs 1 crore (approximately $1,600 to $214,000); company views invoice discounting market opportunity at $100 billion.  Source

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FintechNews RoundupUSA
·Apr. 25, 2019

FINRA Launches Fintech Focused Office of Innovation

The lead regulator for broker dealers has launched an Office of Innovation...
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FintechNews RoundupUSA
·May. 6, 2020

Social Media Becomes Place of Praise and Criticism for Banks during Crisis

Banks are dealing with a myriad of issues trying to service customers...
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FintechNews Roundup
·Mar. 16, 2020

More News for March 16th, 2020

China: WeiyangX Fintech Review New York Department of Financial Services Requires Preparedness...
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FintechNews RoundupUSA
·May. 4, 2020

Small Businesses Look to Crowdfunding to Fill Funding Gaps

Crowdfunding sites have started to be a big influx in interest from...
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FintechNews RoundupUSA
·Jan. 12, 2017

Opposition to the OCC’s Fintech Charter

State legislators have voiced opposition to the Office of the Comptroller of the Currency's (OCC) proposed fintech charter; primarily concerned with nationalized rules that would ease regulations currently in place by state governments and allow payday lenders to evade state rules established for consumer protection; senators have also opposed the national charters suggesting that federal regulators collaborate with state regulators; the OCC's comment period for the proposed fintech charter is open until January 15.  Source

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FintechNews RoundupUSA
·Feb. 3, 2020

The Ripple Effects of Closing Bank Branches

From 1934 to 2009 there were only two years where bank branches...
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FintechNews RoundupUSA
·Feb. 1, 2019

New Options Trading Startup Gets Backing from Powerful Banks

A new startup that allows for ordinary people, with a focus on...
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