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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.

News RoundupOnline LendingUSA
·Aug. 10, 2017

Online Lending Policy Institute Announces Second Annual Summit

Summit will be held in Washington D.C.; the Online Lending Policy Institute (OLPI) is one of the leading industry groups to promote regulatory discussions in Washington; the event will be held on September 25 at the Renaissance Hotel; industry participants will share insights, propose standards and have a dialogue with regulators and policymakers; the OLPI was founded by Cross River, the Boston University Center for Finance, Law & Policy (CFLP) and RocketLoans. Source

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FintechNews RoundupUSA
·Aug. 10, 2017

Profits and Purpose: A Framework for Sustainable Impact Investments

There is a worldwide problem in that not enough people have access to financial opportunity in underserved markets; at LendIt USA 2017 we hosted a panel that focused on impact investing and opportunities for the underserved in financial services; panelists discussed the size of the market, how technology has helped to close the gap and why they feel that investing with their hearts and wallets is the better way to go; the discussion talked through the difference between regular investing and impact investing, as well as what investors look for when an opportunity presents itself; technology has allowed for low to middle income families to have a better understanding of their daily financial health and to expect better services; the panel also touched on the risks involved in certain markets, how to assess potential investments in emerging markets and how the local regulatory bodies can play a role; looking at investments beyond the financial return has helped communities around the world and this looks to be a trend that is on the rise. Source

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FintechNews RoundupUSA
·Aug. 10, 2017

Crop Pro Raises Series A

Crop Pro is based in Des Moines and has raised an $8 million Series A round; company provides services and products for farmers including crop insurance; will use the funds to expand its team and speed development of products and services; firm aims to bridge the gap between agricultural and financial technology; Crop Pro is the first agriculture venture-funded insurance provider to be approved by the USDA to offer federal crop insurance to farmers. Source

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EuropeNews RoundupOnline Lending
·Aug. 10, 2017

ThinCats Gets FCA Authorization, Plans for IFISA

UK online marketplace lender ThinCats is the latest P2P platform to receive full authorization from the Financial Conduct Authority (FCA); the firm is a secured business lender and says it has a number of developments in progress including the launch of an IFISA; in comments regarding the authorization, John Mould, CEO of ThinCats, said: "We are delighted to have been granted FCA authorization, proving the dedication of our team and processes. We are very happy that more and more alternative finance providers are now being authorized, as it ultimately proves that the industry deserves the trust and confidence of investors, advisors and SME borrowers alike." Source

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EuropeNews RoundupOnline Lending
·Aug. 10, 2017

Octopus Choice Launches Its IFISA

Firm was given full FCA authorization at the beginning of 2017 and expects the IFISA launch to add to high current demand on the platform; says it will target financial advisers with the new offering; the lender has originated over GBP130 million ($169 million) since launching in April 2016; it focuses on secured property loans with conservative loan to value ratios of approximately 60%. Source

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Asia/PacFintechNews Roundup
·Aug. 10, 2017

Sina Establishes $500mn Fund to Invest in Chinese Fintechs

China's internet giant Sina has established a $500 million fund (Online Finance Fund) to invest in Chinese fintech companies that sell wealth management products and insurance services; the fund will cooperate with startups as well as established financial institutions, such as banks and insurance companies, Sina CEO Cao Guofeng says. Source (Chinese)

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Asia/PacFintechNews Roundup
·Aug. 10, 2017

Goldman Sachs Releases Rise of China Fintech Series Report

The report, "Payment: The Ecosystem Gateway" is the first one in Goldman Sachs' "The Rise of China FinTech" series; the report focuses on the emergence of new electronic payment methods, as payment is a crucial gateway to most other services, and this is where the innovators have gained the strongest footholds in China. Source (Chinese)

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Asia/PacFintechNews Roundup
·Aug. 10, 2017

Omega One Wins LendIt’s PitchIt @ Lang Di 2017 Competition

Cryptocurrency platform Omega One was this year's PitchIt @ Lang Di winner; the company operates an automated trade execution platform with trading services for traders, investors and institutions seeking to trade globally across the world's crypto exchanges; in comments on Omega One, LendIt Co-Founder Jason Jones said, "Omega One opens the market to the next wave of capital from institutional investors by providing much needed transparency and liquidity."; among the prize winnings for the firm include a RMB1 million ($150,148) investment from JadeValue, co-working space for six months and two tickets to LendIt USA 2018. Source

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FintechNews Roundup
·Aug. 10, 2017

CFI Releases Report on Financial Inclusion Partnerships

The Center for Financial Inclusion (CFI) has released a report discussing financial inclusion partnerships between financial institutions and fintech companies; findings from the report were generated from 24 in-depth interviews with individuals leading financial inclusion in the industry and highlights 14 financial inclusion partnerships identified by CFI as best-case scenarios; the partnership case studies cover four financial inclusion challenges including: access to new market segments, new offerings for existing customers, data management, and deepening customer engagement and product usage. Source

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FintechNews Roundup
·Aug. 10, 2017

ETHLend Announces ICO Fundraising

ETHLend will issue LEND tokens in a pre-sale and official token sale; the pre-sale is scheduled for  September 25 to October 25 with a goal of 2,000 ETH; the official sale will begin November 25 and last through December 9 with a goal of 37,600 ETH; ETHLend is developing a decentralized peer-to-peer lending application built on the Ethereum Network; it allows for increased transparency and global lending with services for collateral, decentralized credit ratings and management of exchange volatility risks. Source

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