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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.

Europe Fintech News Roundup

·Jan. 18, 2019

Q1 Slump in Consumer Borrowing Expected in UK

A recent Bank of England survey claims that British banks can expect...

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Europe Fintech News Roundup Online Lending

·Mar. 24, 2017

RBS Considering Mortgage Robo Advice and Closing 158 Branches

The Royal Bank of Scotland is closing 158 branches in the UK in an effort to reduce costs; it has continued to struggle since the financial crisis reporting nine consecutive years of losses; the firm has been increasingly integrating automation to cut costs and says it will make a decision on its robo advisory service for mortgage lending by the third quarter; the robo advisory service offers customers advice and insight that helps them decide on a mortgage loan product, also giving them an option to connect with a human advisor at any time during the process. Source

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Fintech News Roundup

·Apr. 28, 2017

Q1 2017 Global Fintech Report from CB Insights

Fintech companies raised $2.7 billion from 226 deals in the first quarter of 2017; 22 fintech unicorns in the first quarter with a total value of $77 billion; top funding rounds included Atom and Funding Circle with $100 million each; fintech venture capital funding in Europe increased to $700 million from $200 million in the fourth quarter and is expected to increase from 2016 while the US is expected to report a decrease. Source

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Europe Fintech News Roundup

·Feb. 26, 2018

BNP Paribas Launches New Investment Fund

The french bank is launching a new fund that will invest in fintech startups; the fund will be managed by BNP Paribas’ Capital Partners and will also allocate to venture capital funds in areas such as ai, blockchain, cyber security and blockchain; Jacques d’Estais, BNP Paribas group deputy COO and head of international financial services stated, “At BNP Paribas, we’re firmly convinced that Open Innovation is a powerful driver for the transformation that will help to build the bank of tomorrow and enable us to continue to provide our clients with high value-added products and services.” Source

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Fintech News Roundup USA

·Feb. 5, 2020

Plaid CEO Opens Up on Customer Data and Privacy

Plaid CEO Zach Perret is in favor of banks allowing customers to...

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Europe Fintech News Roundup

·Nov. 17, 2016

Mobeus Funds Management Buyout of Factor 21

Factor 21 has done a management buyout with funding from Mobeus; the private equity firm provided a 9 million british pound funding line for the buyout; Jonathan Gregory of Mobeus will join Factor 21 as investor director; Factor 21 has been in business for over 15 years and has provided invoice funding of over 2 billion british pounds; the management buyout funding will help the firm grow business at its two regional offices. Source

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