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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.

Europe Fintech News Roundup

·Apr. 24, 2019

Marqeta Signs Up Its First European Clients

Marqeta opened their office in London in October last year and today...

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Fintech News Roundup

·Nov. 16, 2017

Proptech in China and Hong Kong

China and Hong Kong have raised $3.03 billion in proptech since 2013; this is approximately 41% of the total investment in proptech across the globe; the startups are focused on brokerage and leasing, investment and financing, project development and property management; half of the startups are in brokerage and leasing; article shares what has led to the current robust proptech market in Asia Pacific. Source

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Fintech News Roundup

·Mar. 28, 2017

Chart of the Week: Investment and Wealth Management Tech Market Map

CB Insights has charted a market map of investment and wealth management companies; the market map includes 90 companies in seven main categories with subcategories for client group; for 2016, the firm reports a new high of 74 deals in wealth tech totaling $657 million; Betterment reported the top investment deal in 2016 with a $100 million Series E investment; in 2017 CB Insights reports 17 deals with $130 million in funding and the top investment going to Raisin with a $32 million Series C funding round. Source

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Fintech News Roundup

·Mar. 6, 2019

Announcements & Releases for March 6, 2019

Citi Ventures’ Arvind Purushotham: ‘What happened in marketplace lending has migrated to...

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Fintech News Roundup

·Apr. 30, 2018

FINUP IPO, Ant Financial Investments and More from China

In this week’s WeiyangX Fintech Review from Crowdfund Insider they cover financial...

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News Roundup

·Aug. 8, 2020

Yirendai Reports Q4 and Full Year 2017 Results

The Chinese online lender issued over $2 billion loans in the quarter to over 200,000 borrowers; this represented year over year growth of 95%; 2017 total originations were $6.3 billion across nearly 650,000 borrowers; Revenue in the fourth quarter was $280.5 million and net income was $69 million. Source

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Europe News Roundup Online Lending

·Mar. 20, 2017

Bondora Turns Profit, Continues Focus on Consumer Loans

The Estonian-based P2P lender turned a profit late 2016; hopes to turn an annual profit in 2017; revenues were 4.2 million euros (USD $4.5 million) in 2016; according to CEO Partel Tomberg: "Looking at the bigger picture, we were a bit looking for our place. We have tried a number of products, businesses and client segments over the years. By mid-2016 we understood that our focus has to be on what we started from – a faster and cheaper consumer loan product. And we understood that on the investment side it has to be an online product for the people, not so much for the banks or funds." Source

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Europe Fintech News Roundup

·Feb. 15, 2018

The UK’s FCA Releases Report on Algorithmic Trading

The UK’s Financial Conduct Authority released a report on algorithmic trading to help set boundaries around the market; the report lays out best practices and presents guidance on how firms can implement AI in trading; the FCA does voice concerns at too much automation and talks about human intervention to avoid big issues occurring; the report was written to help trading firms comply with the Second Markets in Financial Instruments Directive (MiFID II). Source.

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News Roundup Online Lending

·Feb. 10, 2017

Financial Health: The Key to the Future of Customer Acquisition

Customer acquisition is a key factor for both traditional banks and online lenders; both use similar marketing tactics to reach customers and expand customer accounts; expensive marketing strategies have led many financial services companies to focus on providing free financial health and planning tools for their customers as part of their marketing strategy for customer acquisition; FICO provides examples from Prosper and Discover in their featured blog post; notes some of the things needed to develop successful financial health and planning tools. Sponsored Blog Post

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