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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 Roundup
·Feb. 18, 2020

HSBC Cutting 35,000 Jobs, Focusing on More Profitable Markets

HSBC is looking to scale back their operations in the US, mainland...
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FintechNews RoundupUSA
·Feb. 26, 2018

Lend Academy Podcast: Ron Suber, the Godfather of Fintech

The Godfather of Fintech shares his thoughts on what rewirement means, what fintech needs today, where it is going and what excites him about the future. Source

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EuropeFintechNews Roundup
·Apr. 12, 2017

The UK Treasury’s First International Fintech Conference

Business Insider reports on the UK Treasury's first International Fintech event; the UK's Chancellor Hammond is scheduled to speak about growing and strengthening fintech amid the challenges presented by Brexit; the CEOs of Funding Circle and TransferWise will also be speaking at the event. Source

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FintechNews RoundupUSA
·Jan. 24, 2017

Real Estate Crowdfunding Company, RealtyShares, Surpasses $300mn

Over $300 million has been invested on RealtyShares into residential and commercial real estate projects; the company crossed $200 million in September 2016; individual investors can invest a minimum of $5,000 per project; the company also has multi-billion dollar institutions participating on the platform; to date 550 real estate deals have been done across 1,000 properties, spanning 35 states; RealtyShares has a network of 38,000 accredited investors.  Source

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FintechNews RoundupUSA
·Jan. 26, 2018

Community Banks Begin Adopting Real Time Messaging

What has been a standard feature at big banks for some time, real time messaging is now being offered by community banks who see the value in reaching customers more efficiently; the digital feature could also help the bank to reach more people who they would normally not have access to; “We can use it as a counseling tool to help strengthen relationships and improve a customer's financial health," said Ron Strand-Sorrell, EVP and COO at Axiom Bank, to American Banker as they recently rolled out the messaging; becoming more digital can also help the banks to better position themselves to attract millennials. Source.

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FintechNews RoundupUSA
·Feb. 27, 2018

Pagaya Gets Citi Loan for Fund to Invest in Online Lenders

Pagaya is an asset manager based in New York; they announced that they have received $75 million in debt financing from Citi; the funds will be used for its Opportunity Fund to invest in loans by online lenders such as Prosper and LendingClub; the company uses machine learning to determine loans worthy of investment. Source

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FintechNews RoundupUSA
·Jan. 23, 2020

Chase Ranks Best for Mobile Deposits in New Report

According to the 2020 Mobile Deposit Benchmark Report by Cornerstone Advisors JPMorgan...
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FintechNews RoundupUSA
·May. 5, 2020

Interchange Income Drops Significantly for Banks

Stagnant spending is not only slowing the overall economic picture but it...
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EuropeFintechNews Roundup
·Nov. 28, 2017

UK Consumer Lender Lendable Raises $400mn

UK based Lendable raised $400mn to continue lending to UK consumers amid concerns over growing household debt; the capital infusion comes from Castle Trust who is backed by the US private equity shop JC Flowers; this is the second big deal for Lendable in 2017 as they were able to secure over $130mn from Waterfall Asset management in March. Source.

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FintechNews RoundupUSA
·Jan. 4, 2019

Automation is the Silver Bullet in Competing with Banks

Writing in TechCrunch, Tally CEO Jason Brown talks about the key to...
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