Artificial intelligence usage continues to increase inside the banking world and banks...
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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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CB Insights has analyzed 1,098 startups which raised capital from 2008 to 2010; only 46% followed with a second funding round and 14% achieved a fourth round of funding; only 10 companies or 0.91% achieved unicorn status with a valuation of $1 billion and approximately 70% of the startups have failed. Source
In 2016 the student loan securitization market increased compared to 2015 and in 2017 the market has already been off to a good start; the panelists discuss the reasons for this trend of increased issuance including knowledge, confidence and a default rate of just 3 bps; in the case of the refinance product, supply has created the demand; panel also comments on the current regulatory landscape and the Federal Family Education Loan (FFEL) Program which guarantees student loans; on the whole loan side, the panelists talk about the interest from investors, why they are deploying capital to the student loan market and the kind of returns they can expect; finally the panelists talk about risk retention and the importance of fintech in the origination of assets. Source