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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.

News Roundup Online Lending USA

·Apr. 25, 2017

Lend Academy Article: The Five Key Elements for New Lending Club and Prosper Investors

Lend Academy provides a resource for new investors in Lending Club and Prosper; their article includes five basic principles for investing in the platforms; the five key elements for investing include: 1) diversify investments 2) expect defaults 3) keep cash balances low 4) automate investing and 5) avoid taxes by investing through an IRA. Source

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News Roundup Online Lending USA

·Apr. 25, 2017

Lending Club’s Annual Shareholder Meeting

Lending Club will hold its annual shareholder meeting on June 6, 2017; three board directors are up for approval including CEO Scott Sanborn; stockholders owning shares as of April 10 can participate in the virtual event; the shareholder meeting will take place one month after the firm announces its first quarter earnings results on May 4. Source

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Europe Fintech News Roundup

·Apr. 25, 2017

The House Crowd Reports Five Years of Funding

UK crowdfunding platform The House Crowd has now reported five years of operations with fundraising of more than GBP44 million ($56.26 million); the platform offers property crowdfunding and P2P loan financing services; over 15,000 investors with the platform have earned over GBP9 million ($11.51 million) in returns; it has grown its staff to 20 with a number of recent additions and product expansions. Source

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Asia/Pac Fintech News Roundup

·Apr. 24, 2017

Dianrong and Quark Finance Planning for Merger

Chinese online lender Dianrong has reported plans for a merger with Quark Finance; the merger will create a broadened set of credit offerings; Dianrong is known as the "Lending Club of China" and Quark Finance offers a range of financial services for consumers and small business owners. Source

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Asia/Pac Fintech News Roundup

·Apr. 24, 2017

Chinese AI Firm SenseTime Raises $60mn

SenseTime has raised $60 million to support artificial intelligence technology development for the firm; SenseTime provides face recognition technology services to over 300 companies and also offers text, vehicle and image recognition; the firm's recent $60 million funding round was led by Shanghai-based Sailing Capital International. Source

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Asia/Pac Fintech News Roundup

·Apr. 24, 2017

Alibaba and Tencent Outpacing Competitor Baidu as E-Commerce Grows in the Eastern World

Chinese e-commerce giants Alibaba and Tencent are leading e-commerce market growth, seeking to do everything from cloud computing to digital payments; the Chinese market infrastructure is also helping their business growth and their business models are rivaling comparative US companies; Jack Ma's Alibaba is expanding rapidly in the global markets with partnerships and acquisitions and Tencent is following closely with numerous acquisitions as well; investment bank Goldman Sachs estimates China's online retail market to double in size by 2020 to $1.7 trillion and aggressive market expansion from Alibaba and Tencent appears to be successfully supporting that estimate. Source

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Europe News Roundup Online Lending

·Apr. 24, 2017

S&P Global Market Intelligence Releases Its 2017 UK Digital Lending Landscape Report

S&P Global Market Intelligence has released its annual UK Digital Lending Landscape report; as the founder of the first marketplace lending platform in 2005 the UK has an established industry and has received significant regulatory attention and support from the Financial Conduct Authority; the 2017 report provides details on originations from the region's top lenders; it also reports on IFISAs, reserve funds, the government's integration, Brexit and SME lending. Source

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Europe News Roundup Online Lending

·Apr. 24, 2017

Assetz Capital Reports Four Year Anniversary and 240mn British Pounds in Originations

Assetz Capital has now been in business for four years with 240 million British pounds ($307.61 million) in loan issuance; the platform focuses on lending for SMEs and says it plans to double its current originations in the next twelve months; the firm offers secured loans that generate annual returns of 3.75% to 18%. Source

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News Roundup Online Lending USA

·Apr. 24, 2017

YieldStreet Reports Lending of over $100mn

YieldStreet has reached $100 million in lending in less than eight quarters; the firm markets returns of 8% to 20% with a peer-to-peer lending model that offers secured loans; investment minimums begin at $5,000 and the platform has a range of investors including accredited, high net worth, family offices, registered investment advisors and institutional investors. Source

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News Roundup Online Lending

·Apr. 24, 2017

PeerIQ Weekly Industry Update: Credit Trend Through Delinquency Rates

PeerIQ covered earnings season for the banking sector, the reported deal of JPMorgan's student loan portfolio to Navient and the plans of China Rapid Finance to go public on the NYSE; they also dug deep into credit card receivable securitization deals; they compared delinquency and loss levels of credit card deals to that of installment loan deals; comparing MPL ABS and credit card ABS is not exact, credit card deals are revolving that re-invest principal and interest over time; delinquencies for credit cards reached all time lows in 2016 while the unsecured installment loans have had a pattern of higher losses; peak delinquencies in a stress period for credit cards is around 8% while the installment loans are around 12%; now that PeerIQ has partnered with TransUnion look for more comparable data trends in future updates. Source

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