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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

·Oct. 30, 2017

Monzo Talks Third Party Marketplace and Future

Though Monzo has seen a share of issues and outages recently the company says the third party marketplace is core to their vision; they also explained it was a key part of their revenue drive and will help to drive down costs per customers in the near future; Monzo have plans to expand product offerings, potentially launch in the US and build out partnerships in the near and mid term future. Source.

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Fintech News Roundup USA

·Nov. 10, 2017

SoFi Steps Back on New Initiatives

According to the WSJ, SoFi is pulling back on its expansion to foreign markets and asset management; two executives, Peter Early and Arkadi Kuhlmann are leaving the firm as part of the shift in focus; they led asset management and banking respectively at SoFi; despite some of the challenges the company extended $3.52 billion in loans in the third quarter, up almost 80% from the same period last year. Source

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News Roundup

·Oct. 15, 2020

Ally Pumps Money into Carvana Loans

Ally has significantly increased their current loan purchase program with Carvana, a...

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Asia/Pac News Roundup Online Lending

·Nov. 4, 2016

Faircent Releases P2P Industry Report for India

Faircent has released a market report on P2P lending in India; report says Faircent, India's largest P2P lender, had funding of over Rs 1 crore ($150,000) in August 2016 and has been growing originations at a 15% to 20% monthly rate; report also provides insight on the platform's borrowers; in India, P2P platforms continue to await guidelines from the government which are expected to help improve business efficiency. Source

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News Roundup

·Nov. 17, 2020

The Ten Biggest Stories Covering Ten Years of Fintech

It was November 17, 2010 when I published my first ever article...

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Fintech News Roundup USA

·May. 15, 2020

From the LendIt Fintech Vault: Jay Farner of Quicken Loans on The New Ante to Play

For the first time ever we had the CEO of Quicken Loans,...

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Europe Fintech News Roundup

·May. 14, 2019

Metro Bank Falls Victim to Fake News

Metro Bank’s Harrow branch in London became the victim of a fake...

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Europe Fintech News Roundup

·Aug. 30, 2017

Peter Thiel Backs German Insurtech Startup

PayPal founder Peter Thiel, and his fund Valar Ventures, led a $10 million seed round in German insurtech startup Coya; other investors in the round include e.ventures and La Famiglia; Dr. Peter Hagen, one of the founders of Coya, tells Business Insider, "This investment will allow Coya to further extend our team and build up an exceptional product for our customers."; the company is planning to build a digital insurance provider and is in the process of trying to get full authorization from German regulators; founders of Coya include two former Kreditech employees and ex-CEO of Vienna Insurance Group. Source

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News Roundup

·Oct. 8, 2021

Monzo Talks Third Party Marketplace and Future

SoFi Steps Back on New Initiatives

Top Fintech News Stories for October 15, 2020

Ally Pumps Money into Carvana Loans

Faircent Releases P2P Industry Report for India

The Ten Biggest Stories Covering Ten Years of Fintech

From the LendIt Fintech Vault: Jay Farner of Quicken Loans on The New Ante to Play

Metro Bank Falls Victim to Fake News

Peter Thiel Backs German Insurtech Startup

Top Fintech LatAm News Stories for Oct. 8, 2021