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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
·May. 13, 2011

Previous Borrowers on Prosper are a Great Investment

On Prosper there is one selection criteria that I had all but...
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News RoundupOnline LendingUSA
·Feb. 17, 2017

Chart: Stock Performance for Lending Club and OnDeck Since May 16, 2016

The chart below shows the stock performance for Lending Club versus OnDeck since May 16, 2016, which is the day Lending Club's stock bottomed out after their CEO resigned; Lending Club is up 64% and OnDeck is up 8%; both companies have taken a hit this week after earnings, largely due to profit taking.

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FintechNews RoundupUSA
·May. 28, 2020

Nigel Morris Shares Why Now Is the Time for Banks to Buy Fintechs

Nigel Morris previously co-founded and served as president and COO of Capital...
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FintechNews Roundup
·Jun. 17, 2019

Lend Academy Podcast: Viola Llewellyn of Ovamba

The President and Co-founder of Ovamba talks about the challenges and opportunities...
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Asia/PacFintechNews Roundup
·Dec. 30, 2016

Sichuan XW Bank Closer to Launching Online Banking Business

Shareholders and regulators have approved Sichuan XW Bank as the new name for one of China's newest online banks; Sichuan XW Bank is supported with capital by Xiaomi, an electronics and home appliances manufacturer; its leading competitors in the online banking market in China will be WeBank and MYBank.  Source

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News RoundupOnline LendingUSA
·Nov. 10, 2016

Avant Closes Consumer Finance Site

ReadyForZero has notified users that the site will shutdown on November 12; the platform was acquired in 2015 by Avant to provide debt management and credit monitoring services for consumers; Avant is a marketplace lender focused on personal loans; users were notified of the consumer finance website's closing by an email from ReadyForZero and Avant has not provided any further details on the closing.  Source

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News RoundupOnline LendingUSA
·Mar. 13, 2017

Lend Academy Podcast: John Donovan of Bizfi

Lend Academy talks with John Donovan from Bizfi in their podcast; Bizfi provides balance sheet lending for merchant cash advances and also operates a multi-lender platform giving small businesses multiple loan funding options; Donovan talks about his career in online lending which began at Lending Club; he also discusses the dynamics of Bizfi's two business lines and some of the company's plans for the future.  Source

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FintechNews RoundupUSA
·Mar. 1, 2018

Rebuttal to Madden Fix Bill Article

American Banker has published a rebuttal to a recent article about the “Madden fix bill” by Steve Astrada; article discusses how the bill will increase access to credit and benefit customers instead of increasing predatory lending; it also shares the consequences of the Madden decision and reviews the details of the case. Source

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Asia/PacEuropeFintechNews RoundupUSA
·Aug. 4, 2020

More News for August 4, 2020

Volante

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News Roundup
·Mar. 4, 2020

Kabbage Launches Kabbage Insights to Further Help Small Businesses with Cash Flow

Kabbage continues to look into how they can serve small businesses in...
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