Even CEO and Co-Founder Jon Schlossberg writes in Forbes that most fintech...
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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TruePillars, an Australian SME lender that focuses on individual investors, raised $3.9 million in a series A round; the round was led by a Melbourne-based private investor; "This investment will give us the means to further innovate and build on our service, including our ground-breaking secondary marketplace which allows investors to liquidate their investments ahead of schedule by selling to another investor in real time," says John Baini, TruePillars co-founder and CEO; the company allows for individual investors to fund loans with a $50 minimum commitment per loan. Source
Artificial intelligence innovation is an important focus for many companies in 2017. Fukoku Mutual Life Insurance Company has taken a lead in the insurance market with its announcement to replace 34 workers in its payment assessment department with an IBM Watson artificial intelligence solution. The firm says the Watson system will improve productivity and save approximately 140 million yen ($1.21 million) per year. This is one of the first times we've seen a public announcement of how employees have been replaced as a direct result of artificial intelligence. Source
It is not uncommon for Amazon to launch new products that subsequently...
According to recent data from TransUnion lenders reported that almost 15 million...
During the week I share the latest marketplace lending and fintech news...
FTX led the news all week with the fastest fall in crypto history. This story crowded out any other major news story.
On Thursday of next week (November 3rd at 5pm Pacific) Prosper is...
In the crazy world of fintech this past week was relatively quiet...
One of the last actions of the Obama administration this week was to release a policy framework for fintech. This was a follow up from the White House Fintech Summit in June 2016 where many of the leading fintech companies gathered in Washington for a day of presentations and roundtable discussions. The paper provides a framework with ten principles that policymakers and regulators can use to think about and engage with the fintech ecosystem. Given today is the inauguration day for a new administration we won't know if these principles will be carried through but we do hope the Trump White House will make fintech innovation a priority. Source