Codispoti originally joined JP Morgan Chase to create a credit card that would appeal to millennials; this led to the launch of the Sapphire Reserve; now Codispoti is focused on overseeing JPMorgan’s branches and how they can better serve millennials, which make up 61% of their new customers; the current vision includes advice centers similar to Apple’s Genius Bar. Source
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.
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Small businesses have always had a hard time keeping track of cash...
Impact Capital Forum and Deloitte are hosting an evening panel event about...
Parasail Health has built a lending platform to support loans for healthcare expenses; firm has partnered with healthcare companies to provide alternative payment options for healthcare needs; Parasail currently has contracts with over 700 providers and has built integration capabilities for approximately 15 channel partners; offers loans and simplified payment processing for a range of healthcare expenses. Source
Pariti offers an app for consumers that plugs into financial accounts and gives advice on managing debt; it can help consumers better understand their debt levels, interest rates and fees, advising on products such as a consolidation loan to help lower expenses; the app has partnered with Zopa to offer its clients consumer loans and receives a commission from the lender for approved applications; the firm has plans for expansion including additional loan partnerships. Source
Personal finance management app Pariti has partnered with Lendable to offer its customers loans; Lendable is the second lending partnership for the app following Zopa; Lendable also offers consumer loans with funds from high net worth and institutional investors. Source
Partech Ventures has raised 100 million euros for its Partech Entrepreneur II investment fund; funds are used to invest in seed funding for startup companies; investment was raised from 90 entrepreneurs, business angels, senior managers of tech groups, and public and private participants; the fund invests in disruptive companies with the potential for major technological innovations; the company plans to use the funds to invest in 80 startups with company investment averaging three per month; the firm has been an active investor in marketplace lending companies. Source
Haven Life was the first insurance company to offer a life insurance product to its clients completely online; Liz Langlois from Haven Life provides insight on the industry and firm's evolution in a blog post; also discusses factors for consideration in choosing a life insurance partner. Sponsored Blog Post
Online small business lenders use digital and direct marketing to help find...
New research from Equifax Touchstone shows that automated investment has become a wider trend in P2P and wealth management; 82% of 141 surveyed investment advisors said they have a consistent approach to allocation and monitoring for clients; P2P platforms like Funding Circle recently removed self selection and instituted an autobid process for investors; John Driscoll, director at Equifax Touchstone, tells AltFi, "This approach helps strike the right balance between risk and return, particularly important in a world of increased market volatility."; according to Driscoll the FCA has been a main driver of this trend to ensure risk is maintained correctly for investors. Source