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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 News Roundup Online Lending

·Mar. 27, 2017

P2P Global Investments PLC Reports Monthly Performance

The P2P Global Investments Trust has reported February performance; NAV return of 0.38% was helped by the firm's current buyback program and is the 33rd consecutive month of positive NAV returns since inception; 12 month return is 3.92% and inception to date return is 14.20%; investment manager is actively diversifying to reduce exposure to US consumer loans and shift to European real estate and bonds. Source

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Europe Fintech News Roundup

·Feb. 6, 2019

P2P Global Sells US Consumer Portfolio, Adds Real Estate

P2P Global Investments’ NAV rose .78% in December and returned 5.2% in...

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Asia/Pac News Roundup Online Lending

·Jan. 10, 2017

P2P Lender China Rapid Finance Partners with Wealth Manager

P2P lender China Rapid Finance has announced a partnership with Tencent's wealth management group, Licaitong; China Rapid Finance will list investments on the Licaitong platform; the product listings will include fixed-term investments ranging from nine months to 18 months with expected annualized returns ranging from 4.65% to 6.19%; the investment products reached capacity of RMB 27 million ($3.89 million) within two hours of the launch; China Rapid Finance will continue to offer investments through the Licaitong partnership; in a statement regarding the partnership, Dr. Zang Wang, CEO of China Rapid Finance, said, "This collaboration between CRF and Tencent's Licaitong platform will support the development of inclusive finance in China." Source

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Europe News Roundup Online Lending

·Apr. 26, 2017

P2P Lender Collateral Announces Mobile App

Collateral has announced plans to test a mobile app for borrowers and investors; the platform sees app development as a trend for the industry and will be one of the first platforms to offer a mobile app for both borrowers and investors; it also expects the mobile app to be a factor for managing competition with banks; Collateral is a secured personal property lender offering loans of GBP5,000 ($6,415) to more than GBP1 million ($1.3 million). Source

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Asia/Pac News Roundup Online Lending

·Aug. 16, 2017

P2P Lender Funding Societies Joins International Association of Credit Portfolio Managers

Funding Societies is the first P2P lender to join the International Association of Credit Portfolio Managers (IACPM); the IACPM was established in 2001 and is focused on supporting a community of members in the practice of credit portfolio management; the Association currently has approximately 100 financial institution members. Source

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Europe News Roundup Online Lending

·Jan. 18, 2017

P2P Lender Lendix Expands to Italy

Small business P2P lender Lendix has announced expansion to Italy; based in Paris the Italy expansion follows expansion to Spain in 2016; Lendix has hired Sergio Zocchi who will be the CEO for the new Italy business based in Milan; as of December 31, 2016 Lendix had originated 57 million euros ($61.01 million) in loans; it is also rumored that the firm plans to continue its expansion across Europe in 2017 with a new office potentially opening in the UK. Source

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Asia/Pac Fintech News Roundup Online Lending

·Feb. 27, 2017

P2P Lender Lufax to Focus on Its Retail Investment Platform

Lufax sees a growing market opportunity in China's retail investment space and is planning to increase its focus on this area of the business; the firm is currently the world's highest valued P2P lender at $18.5 billion; it has $56.9 billion in client assets with P2P loans accounting for a third which is expected to decrease to 15%; it plans to expand the investments it offers through online brokerage accounts and also enhance its mobile and online trading capabilities; the firm is also rumored to have plans for an initial public offering in Hong Kong in the second half of 2017. Source

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News Roundup Online Lending

·Dec. 28, 2016

P2P Lenders Increasingly Looking to Offer Traditional Banking Options

P2P lending has evolved over the last ten years, with marketplace lenders increasingly offering traditional banking products; the market's first online lender, Zopa, is taking the lead on offering traditional banking products with an announcement reporting the lender's application for UK bank licensing to offer deposit accounts and a broader range of credit products; other marketplace lenders have also expressed interest in offering deposit products including SoFi and Affirm; as P2P lenders become more integrated into the financial ecosystem, it is likely that they will offer a broader range of products with traditional banking characteristics while continuing to be market innovators. Source

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Europe Fintech News Roundup

·May. 11, 2018

P2P Lenders More Attractive as Bank of England Keeps Rates Low

The Bank of England decided to keep rates steady at 0.5 percent...

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Europe News Roundup Online Lending

·Aug. 23, 2017

P2P Lenders Reporting Decreased Borrowing

While P2P lending platforms have taken a significant amount of lending from banks since the financial crisis, data from the Financial Times suggests that growth could be slowing; an Ernst & Young survey shows only 7% of 1,100 people using P2P lending platforms for borrowing and a separate survey from Blumberg Capital says only 4% of 1,050 British adults have used the platforms in the past 12 months, signaling less awareness and demand; banks have also increased investment in fintech regaining some market share; overall, the Financial Times reports that the market in the UK is changing with regulations supporting P2P lenders but less demand and market risks slowing growth. Source

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