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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.

EuropeFintechNews Roundup
·Feb. 13, 2020

Harmoney Will No Longer Accept Retail Investors

Harmoney is New Zealand’s first and largest p2p lender, launching in 2014;...
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FintechNews RoundupUSA
·Apr. 25, 2018

FTC Files Complaint Against LendingClub

The complaint stated that LendingClub violated federal laws which protect consumers from unfair and deceptive practices; LendingClub stock price dropped on the news which related to LendingClub’s promise of no hidden fees and a statement to applicants that “Investors Have Backed Your Loan” even though borrowers may not have been approved; some borrowers also experienced overdraft fees when LendingClub withdrew double payments according to the complaint. LendingClub responded to the complaint by issuing a press release. Source

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FintechNews RoundupUSA
·May. 21, 2018

Vota Helps to Make Transactions into Recommendations

New financial app Vota is looking to help customers get a better...
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FintechNews RoundupUSA
·Jun. 12, 2019

Are Algorithms Used by Fintechs Discriminating Against Borrowers?

Elizabeth Warren and Doug Jones are asking regulators to take a closer...
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EuropeFintechNews Roundup
·Feb. 7, 2018

UK Based Monzo Sees Customers Base Grow and Become More Loyal

Monzo has grown its customer base over five times in one year and used different methods that help keep that base coming back; they ask for community feedback, open the company for equity crowdfunding rounds so users can invest and they host small, intimate events; 80 percent of their growth is word of mouth, the remaining 20 percent is through ads on Facebook and Twitter; “The biggest challenge is that we’re growing very fast — our customer and employee numbers are growing fast — we want to keep the customer focus, how we operate a transparent customer growth approach, and how we do that at scale,” as Tristan Thomas, Monzo’s head of marketing and community, tells TearSheet. Source.

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News RoundupOnline Lending
·Dec. 14, 2016

Biz2Credit Releases Monthly Small Business Lending Index Report

Biz2Credit has released data from its monthly small business lending index which analyzes 1,000 small business loan applications processed by the multi-lender; the results show that approval rates from banks and institutional lenders continued to increase while approval rates from alternative lenders and credit unions were lower; Biz2Credit's CEO Rohit Arora attributed some of the increases from larger lenders to improvements in technology at banks which is helping them approve a higher percentage of loans with lower default risk.  Source

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FintechNews Roundup
·Jun. 17, 2019

Lend Academy Podcast: Viola Llewellyn of Ovamba

The President and Co-founder of Ovamba talks about the challenges and opportunities...
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FintechNews Roundup
·Nov. 29, 2016

Payment Companies See a Continued Boom

Off the recent news about Stripe's fundraising round, payment companies across the board are seeing growth and increased investor interest; Adyen BV, WePay, PayPal and Square are just a few of the other, well positioned names who are benefiting from the sector wide growth; Square's stock price rose on news of the Stripe fundraising; as online lenders have struggled, payment firms have only continued a pattern of growth, even more evident by the recent holiday sales numbers that showed 109 million people shopped online, more than the 99 million who went to the stores.  Source

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News RoundupOnline Lending
·Mar. 10, 2017

Navigating the Paradigm Shift in Alternative Lending

Marqeta has released an e-book titled, "Navigating the Paradigm Shift in Alternative Lending"; discusses how technology and innovation are changing the financial services industry; provides insight on how companies can build competitive advantages. Sponsored Blog Post

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FinanceNews RoundupOnline Lending
·Nov. 1, 2016

Lord Adair Turner Cites Structured Products as High Risk for P2P Lenders

In an interview with P2P Finance News, Adair Turner cites P2P loan securitizations and other evolving forms of structured credit as high risk, causing a potential "red flashing light" for regulators; speaks of the evolution of the asset class as securitization portfolios from P2P lenders have been increasing in 2016; discusses complex structured investment vehicles as the most high risk specifically those issuing short term debt against longer term holdings.  Source

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