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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.

Fintech News Roundup USA

·May. 28, 2020

Marqeta Raises $150 Million at $4.3 Billion Valuation

Marqeta last raised a round of funding at a $1.9 billion valuation...

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Fintech News Roundup

·Dec. 22, 2016

Chart of the Week: Banks’ Biggest Fears

Business Insider released the below chart this week highlighting what banks fear the most; for 2016, banks view existing large incumbents as their biggest threat followed by fintech startups; BI posits this is due to the incumbents having large customer bases and significant capital to fund projects; the perception of threats from fintechs increased from 14% in 2015 to 18% in 2016.

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Fintech News Roundup

·Oct. 31, 2016

Gender Gap Seen with Financial Savings and Financial Education

Financial Finesse writes about a gap that exists regarding women accruing retirement capital and gaining confidence in personal financial management; causes for the gap versus men include less comfort with traditional means of communicating financial products in-person and online; women (therefore) being more conservative with novel asset classes; as well as women living longer and requiring more savings; the article reports that "the bottom line is that women need to be saving more and at a faster pace than men to meet their retirement income needs."; their survey finds that only 20% of women feel the financial sector "truly hears their needs." Source

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News Roundup Online Lending Regulation

·Dec. 28, 2016

AltFi Discusses 2016

2016 could be the alternative finance industry's first net negative year according to AltFi; uncertainty in capital investment was a substantial factor for the first time causing a renewed focus on retail investment; CEO turnover has been a significant factor with Renaud Laplanche's resignation a catalyst for decreased investor confidence; regulators have also caused market uncertainty with new regulations potentially adding compliance burdens for alternative finance businesses; macroeconomic factors including Brexit and the US presidential election have also increased pressure on alternative finance; despite hardships, sentiment for 2017 is mostly positive with 2016 seen as only a temporary retrenchment. Source

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Fintech News Roundup USA

·Jun. 24, 2019

David Marcus Leads Facebook into Financial Services

David Marcus is the leading force at Facebook who has helped to...

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Fintech News Roundup

·Jan. 14, 2019

Announcements & Releases for January 14, 2019

Meet The Woman Turning The Payday Loan Industry On Its Head One...

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Europe Fintech News Roundup

·Feb. 27, 2018

Virgin Money Launching Digital Bank

The company announced the news in an earnings call; they will begin testing products this year and have invested $53.3 million developing the new bank; Virgin Money is said to have signed an agreement with 10x Future Technologies to develop the platform. Source

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News Roundup

·May. 23, 2012

Prosper Introduces New Premier Investor Service

A new kind of service is being launched by Prosper today. Prosper...

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Europe Fintech News Roundup

·Nov. 10, 2016

Ukraine Announces Plans for Cashless Economy

The National Bank of Ukraine plans to use blockchain and distributed ledger technology in the country to move to a cashless economy; the bank's board has created a roadmap which includes plans to begin issuing e-money (the cashless payment instrument) no later than the fourth quarter of 2017; new payment method will compete with card payments. Source

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Fintech News Roundup USA

·Feb. 7, 2018

Could Goldman Sachs Finance your Next iPhone Purchase?

According to the WSJ, Goldman Sachs is in talks to offer financing on Apple products; this would be alternative to a consumer financing devices on a credit card; both companies didn’t comment on the story, but if a deal came together it could propel Goldman’s Marcus further into consumer finance. Source

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