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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.

Fintech News Roundup USA

·Jan. 22, 2019

Fannie Mae Chief Joins Mortgage Startup Blend

Timothy Mayopoulos is the most recent example of a high profile executive...

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Asia/Pac Fintech News Roundup Real Estate

·Apr. 19, 2017

CreditEase and Tishman Speyer Partner for Global Investment

New York-based commercial real estate developer Tishman Speyer has partnered with CreditEase Wealth Management to invest $1.4 billion in China and other countries within the next three years; according to Tang Ning, CreditEase founder and CEO, the partnership will focus on long-term development, providing clients with globalized and diverse portfolios. Source

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News Roundup Online Lending USA

·Apr. 6, 2017

Renaud Laplanche Launches Upgrade

Renaud Laplanche has announced the launch of a new online consumer lending platform called Upgrade; the firm's investors include Apoletto, CreditEase, FirstMark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, Silicon Valley Bank, Union Square Ventures, Uprising and Vy Capital; the firm will partner with WebBank for loan originations and plans to sell its loans to institutional investors; it is working with Jefferies on its capital markets strategy and a loan securitization program; the firm also has plans to use blockchain for data management and transactions. Source

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Asia/Pac Fintech News Roundup

·Apr. 17, 2017

LendIt’s PitchIt Competition at Lang Di China

Crowdfund Insider reports on the launch of LendIt's PitchIt competition at Lang Di China in July; LendIt has partnered with JadeValue to support the competition and its finalists; applications are now open and the final competition will include eight finalists; the competition's finalists will be matched with mentors for business development and the winning startup will be given additional resources from JadeValue including coworking space, a $150,000 investment and technical tools. Source

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Europe Fintech News Roundup

·Feb. 13, 2020

Harmoney Will No Longer Accept Retail Investors

Harmoney is New Zealand’s first and largest p2p lender, launching in 2014;...

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Europe Fintech News Roundup

·Jan. 13, 2017

Challenger Bank OakNorth Receives Funding from British Business Bank

Government-owned British Business Bank has added challenger bank OakNorth to its Help to Grow program; allows the company to receive loan funding of up to 2 million British pounds ($2.43 million); OakNorth is the first challenger bank to join the Help to Grow program; the funding follows a recent announcement of three new executive hires for OakNorth to support anticipated lending of 500 million British pounds ($608.39 million) in 2017. Source

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Europe Fintech News Roundup

·Sep. 1, 2017

Reminder: PitchIt @ LendIt Europe Applications Due September 4

PitchIt @ LendIt Europe is one of the industry's most popular startup competitions providing eight finalists with unparalleled access to industry expertise and funding opportunities as well as invaluable exposure, branding and more at the event; hosted in partnership with Startupbootcamp, the event offers fast-track status to the finalist round for Startupbootcamp Fintech Accelerator as one of its prizes; LendIt also announced this week that it will partner with SeedInvest to crowdfund live from the PitchIt @ LendIt Europe competition; interested startup companies must submit their application by September 4 and finalists will be announced on September 10; more details about the competition can be found here. Source

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News Roundup

·Oct. 19, 2020

New Loan Trading Rule Increases the Speed of Corporate Loan Settlements

Corporate loan trading has historically been a manual process involving millions of emails annually between buyers, sellers and borrowers making it difficult to automate; however new technologies, including blockchain, have been advancing with potential solutions for automation; a new rule which went into effect last September has helped to increase transaction and settlement times; the new rule provides a compensation incentive for faster loan settlement and has improved the average settlement time by four days; the faster settlement has caused many fintech innovators to change their focus from settlement automation to process efficiency. Source

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Fintech News Roundup USA

·Jan. 16, 2018

Lend Academy Podcast: Gary Lieberman of Laurel Road

The CEO and Chairman of Laurel Road, formerly Darien Rowayton Bank (DRB), shares how he built a small community bank into a leader in student loan refinancing. Source

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