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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.

Fintech News Roundup USA

·Aug. 28, 2017

PeerIQ Discusses Fintech Partnerships and Regulatory Reform

Highlights partnerships announced by Wells Fargo and Blend, and Walmart and Google Express; reports on economists' comments at the Jackson Hole Economic Policy Symposium discussing post-crisis market regulations and areas for further improvement; also mentions Jamie Dimon's annual letter and the role for third party risk infrastructure. Source

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Fintech News Roundup USA

·Oct. 10, 2017

PeerIQ Dives Deep into Navient Earnest Acquisition

PeerIQ’s weekly update includes a look at recent testimony on capitol hill by Equifax and Janet Yellen’s remarks at an event on reducing regulatory burdens on smaller banks; they also take a deep dive into the recent Navient acquisition of Earnest and how the servicer stacks up to SoFi. Source.

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Fintech News Roundup USA

·Mar. 1, 2018

PeerIQ Launches Consumer Credit Suite Backed by TransUnion Data

Online lending data and analytics platform PeerIQ announced their latest offering, a consumer credit suite backed by TransUnion data; the suite includes TransUnion’s depersonalized consumer credit data from the year 2000 to present day; users of the suite can see credit trends, vintage analysis, benchmarking analysis and more. Source.

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Fintech News Roundup USA

·Jan. 21, 2019

PeerIQ Newsletter Explores Bank Earnings, Fintech Charter and Bank Partnerships

PeerIQ’s weekly newsletter discusses the big banks which reported Q4 2018 earnings...

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Fintech News Roundup USA

·May. 11, 2020

PeerIQ Newsletter: LendingClub Earnings; PayPal Resilient to COVID-19; Square 4x Reserve Build

PeerIQ provides their perspective on the jobs report from last week which...

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News Roundup Online Lending

·Apr. 17, 2017

PeerIQ on US Banks and Nonbank Funding Mix

PeerIQ highlights the US Fed's "Quarterly Trends for Consolidated US Banking Organizations" report and notes bank sector earnings and banking ROE in the 7% to 9% range; the weekly newsletter also analyzes funding costs and liquidity of publicly traded nonbank lenders Elevate, OnDeck, OneMain and Enova; the chart above includes the funding mixes of each company. Source

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Fintech News Roundup USA

·Nov. 17, 2017

PeerIQ Releases Inaugural Lending Earnings Insights Report

The report will be released on a quarterly basis going forward and will look to cover credit performance trends; highlights of the report include continued credit re-normalization across all major lending groups and consumer installment lenders are not anticipating an increase in loss rates; they also cover the shift in the competitive landscape where more banks are investing heavily in tech and that the US consumer is quite healthy right now. Source.

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Finance News Roundup Online Lending

·Nov. 1, 2016

PeerIQ Releases Monthly Industry Update

PeerIQ has released its monthly marketplace lending update for October; focus of the report is on the 2017 forecast for marketplace lending securitizations; PeerIQ forecasts 47% year-over-year growth ($11.3 billion) in new ABS issuance with 52% growth in new originations for its base case estimate; sees high demand continuing for securitized products however institutional investors will likely be more interested in shorter duration loans to manage interest rate risk as US rates are expected to rise; PeerIQ reports continued support from rating agencies with high ratings; expects leading securitization issuers in 2017 to be SoFi, Avant and Marlette. Source

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Fintech News Roundup USA

·Apr. 20, 2018

PeerIQ Releases Their Marketplace Lending Securitization Tracker For Q1 2018

Securitization continues to grow for the marketplace lending sector. As they do at this time every quarter PeerIQ released their Securitization Tracker. It showed another strong quarter with $4.3 billion of total issuance. This total was up 34% from Q1 2017 but down slightly from the record total in Q4 2017. Source.

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News Roundup Online Lending USA

·Mar. 20, 2017

PeerIQ Weekly Industry Update 3/20/2017

This week's PeerIQ industry update focused on the OCC's special purpose bank charter and a trio of new securitization deals; the OCC charter is beginning to face some pushback from lawmakers who feel the OCC may be moving along too quickly; Marlette is looking to close their MFT 2017-1 securitization on March 23rd, the deal was $257.44 million but has upsized to $304.47 million; SoFi has a new offering, SoFi 2017-B, led by Bank of America and Deutsche Bank for $461 million; Avant is also heading to market with a $300 million securitization being led by Credit Suisse. Source

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