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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.

Asia/Pac News Roundup Online Lending

·Apr. 14, 2017

Orix Launches an Online Lending Platform for Small Businesses in Japan

Orix Corporation and its affiliate Yayoi Co., Ltd. have launched a new online lending business; the platform will focus on lending to small businesses in Japan; the service will seek to utilize big data and artificial intelligence to develop an advanced credit underwriting model for lending. Source

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Fintech News Roundup USA

·May. 28, 2019

Other Banks Expressed Interest in Bringing Apple Card to Fruition

According to CNBC, Citigroup was also in discussions with Apple for their...

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Asia/Pac Fintech News Roundup

·Sep. 1, 2017

Othera CEO Discusses Blockchain and Loan Tokenization

Compares blockchain to a library cataloging system; explains public and private blockchain and the centralized way information is stored creating a distributed ledger; also reports on the blockchain solutions offered by Othera which include loan tokenization for secondary trading. Source

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Asia/Pac Fintech News Roundup

·Apr. 13, 2017

Othera Using Blockchain to Improve Liquidity in Online Lending

City A.M. reports on Sydney-based Othera's use of blockchain for improving liquidity in online lending; Othera is a P2P lender; once its loans are made, it has developed a process through blockchain operations that can assign loan portions to tokens that can then be tracked through blockchain operations and sold on an exchange; the firm already uses blockchain for all of its lending operations and has a global patent pending for the tokens. Source

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Fintech News Roundup USA

·May. 20, 2019

Otting Details Recent Changes at the OCC

Over the last year and a half Comptroller of the Currency Joseph...

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Europe Fintech News Roundup

·May. 29, 2018

Outage at TSB Will Cost the Bank Millions

It has been fascinating to watch the TSB saga unfold in the...

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Finance News Roundup USA

·Dec. 6, 2016

Outlook for US Structured Finance in 2017

In a report on the structured finance market, Fitch Ratings provides an outlook for 2017; says losses from auto loan asset-backed securities could increase with rising defaults; also notes increased risk from marketplace lenders and industry securitizations which have been reporting higher delinquency and loss rates; says the best performance is likely to be from residential mortgage and commercial mortgage securitizations. Source

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News Roundup Online Lending USA

·Dec. 29, 2016

Outlook Is Optimistic for Small Business Owners in 2017

The Fed made one increase to the federal funds rate in December 2016 and economic market activity appears to be improving with the election of President-Elect Donald Trump; Rohit Arora of Biz2Credit says the outlook is optimistic for small business owners in 2017; with only one rate increase, borrowing rates are still low for small business owners and lenders are approving a higher percentage of loans; Donald Trump's plans to alleviate some of the burdens from Dodd-Frank on banks is also likely to help approval rates for small business owners. Source

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Fintech News Roundup USA

·Aug. 21, 2017

Overstock Allows for Payments from over 40 Cryptocurrencies

Overstock.com has announced it will allow customers to pay in over 40 cryptocurrencies through support from ShapeShift; the e-commerce website is the first well-known retail platform to allow coin payments beyond bitcoin; the payments are facilitated by an API built by cryptocurrency exchange ShapeShift. Source

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Fintech News Roundup USA

·Dec. 14, 2017

Overstock CEO Looks to Possibly Sell and Start Digital Property Registry

Overstock CEO Patrick Byrne is exploring options to sell the retailer and use the proceeds to start a digital global property registry; Mr. Byrne would be teaming up with Hernando de Soto who says that formalizing land rights can help to stop poverty; they are looking to use the blockchain to list ownership records, this would make it easier to trace them back to the right owner and account for less forgeries; the new company, De Soto, would start in early 2018 and use more than 10 Overstock employees. Source.

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