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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 RoundupOnline Lending
·Apr. 12, 2017

Consumer Lending Leaders of Tomorrow

Understanding the products that work for you as a consumer is a key question all borrowers ask themselves; at LendIt USA 2017 the panel entitled Consumer Lending Leaders of Tomorrow discussed some of the up and coming platforms in the market today; LendingUSA focuses on point of sale financing to offer installment loans for expenses like a medical procedure, Uplift Financial uses 600 million pieces of data to tailor the best loan product to you from their network, MoneyLion provides financial wellness advice to help the consumer better understand the loan that fits their situation and BorrowersFirst uses their technology to offer a low cost product to their borrowers; these lenders have taken the time to understand consumers so they can provide the type of variety people are looking for in a market that continues to evolve. Source

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FintechNews RoundupUSA
·Apr. 12, 2017

Kabbage CTO Takes Job at Regions

Kabbage's chief technology officer Amala Duggirala has taken a new role with Regions as the bank's chief investment officer; Amala Duggirala has been with Kabbage since November 2016 leading the firm's technology platform efforts; prior to Kabbage she worked as executive vice president of application development at payments technology company ACI Worldwide; her technology experience in lending and payments will help to support and enhance product development and innovation in her new chief investment officer role at Regions. Source

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FintechNews RoundupUSA
·Apr. 12, 2017

Hardeep Walia on Motif’s Impact Portfolios

For the past seven years Motif has offered investors a platform for building portfolios around customized themes personalized to their investment interests and objectives; to extend the platform's offerings and provide investors with a chance to express their personal values through investing, the firm now offers Motif Impact portfolios; the firm's CEO Hardeep Walia provides details on the platform's new investment initiative and explains how the firm's offerings have evolved with economic and social movements in the US. Source

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FintechNews Roundup
·Apr. 12, 2017

CB Insights Reports on Global Unicorns

CB Insights provides a list of 189 global unicorns from its private market database; 91 companies are located outside of the US; globally by country, China ranks first in number of private market unicorns with 46; Lufax is the top P2P lender globally by valuation at $18.5 billion. Source

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EuropeFintechNews Roundup
·Apr. 12, 2017

A New Place for Startups in London’s Square Mile

Innovate Finance is planning to move from Canary Wharf to a new location in the Square Mile; the industry body also plans to provide space for startups; Mark Boleat, the City of London's policy chairman, also noted they plan to bring broader and faster wireless coverage in order to attract small businesses stating that the Square Mile was a "natural place for fintech to coalesce." Source

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News RoundupNorth AmericaOnline Lending
·Apr. 12, 2017

Aspire Financial Technologies Announces Data Analytics Module

Aspire Financial Technologies has announced a new asset-level disclosure data and analytics module; the module is targeted for securitization professionals; it provides free access to market participants seeking to  analyze loan-level characteristics and performance data of US public securitizations; data is from SEC Edgar filings and is provided as a result of Reg AB II from the Dodd Frank Wall Street Reform and Consumer Protection Act which requires certain public securitization issuers to post monthly asset level disclosures on public securitization trusts. Source

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News RoundupOnline LendingUSA
·Apr. 12, 2017

Small Businesses Less Optimistic about Business Growth in March

The NFIB Small Business Optimism Index decreased to 104.7 from 105.3 in March and fell below expectations of 104.8; small businesses were less optimistic about business growth as momentum from the Trump administration slowed; lower sales expectations and uncertainty were key factors for the March Small Business Optimism Index report which collected its data prior to the delayed Obamacare vote which many small business owners were watching closely. Source

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News RoundupOnline Lending
·Apr. 12, 2017

Biz2Credit Releases Small Business Lending Index Report for March

Institutional investors and small banks increased their small business lending in March, according to the Biz2Credit Small Business Lending Index report; institutional lending approvals increased to 63.6% and small bank approvals increased to 48.9%; the approval rate at big banks was unchanged at 24.1%; the approval rate at credit unions decreased to 40.7%; the approval rate at alternative lenders decreased to 58.2%. Source

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News RoundupOnline Lending
·Apr. 12, 2017

First Associates Receives Morningstar Servicer Ranking

Morningstar has assigned a MOR RV1 vendor ranking for First Associates; First Associates is an industry leading loan servicer for marketplace loans; Morningstar provides rankings of vendor service businesses based on a variety of business factors. Source

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Asia/PacNews RoundupOnline Lending
·Apr. 12, 2017

MoolahSense Adds Invoice Financing Product

Singapore-based marketplace lender MoolahSense has added invoice financing; the service will provide another lending product for businesses; the firm's CEO says the product is intended to extend the business services it provides to underserved small businesses; the product will be available for short-term capital needs of up to $15,000 and is expected to target returns of 12% for investors. Source

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