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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

·Mar. 30, 2017

Innovate Finance Comments on Brexit Deliberations and Fintech

The UK has triggered Article 50 and the 27 European Union countries will now begin negotiating with the UK for new terms; Innovate Finance's Lawrence Wintermeyer provides comments on the effects on fintech; says Brexit will make it more challenging for the UK to attract global investment and talent; Wintermeyer also says Brexit could potentially create new opportunities for regtech which will become increasingly important in cross-border activities. Source

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News Roundup Online Lending

·Mar. 30, 2017

Some Factors Slowing Institutional Investment in Marketplace Lending

AlfFi reports on some of the factors keeping institutional investors from marketplace lending with insight from Gabriella Kindert, investment manager at NN Investment Partners; discusses transparency and comparability, scale, regulatory risks, trust and sustainability, liquidity, and alignment of interests; also notes the importance of standardized measures for comparing risk and reward across investment options and the track record of the investment category. Source

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News Roundup Online Lending

·Mar. 30, 2017

Orca Unveils Standardized Data Platform for P2P Investment in UK

Citing increasing demand Orca has launched a new standardized investment platform that will be focused to financial advisers and broader P2P investors; Iain Niblock, CEO of Orca, stated, "Although P2P investments offer stable, predictable risk-adjusted returns and great diversification for investors, there has been virtually no uptake since financial advisers were permitted to suggest their clients consider P2P products last year."; the platform will focus on interest rates, default rates, subprime rates and a proprietary Orca scoring methodology. Source

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News Roundup Online Lending USA

·Mar. 30, 2017

Mike Cagney Discusses SoFi and Its Business Growth

John Battelle, founder of Newco, talks with SoFi's Mike Cagney about the firm and its business growth; Cagney talks about the firm's customer commitment and the support customers receive over traditional banks; also reports on the verticals it has expanded to since starting the business with student loans; additionally Cagney provides some metrics on the business including that the company has $1 billion in equity on its balance sheet, $6 billion of lending capacity, $9.5 billion in loans for 2017 and estimates $18 to $20 billion in loan originations for 2018. Source

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Fintech News Roundup Regulation USA

·Mar. 30, 2017

Throwback Thursday: Fintech Views from Patrick McHenry

Patrick McHenry is one of the most proactive advocates for fintech in Congress; at LendIt USA 2017 he provided his insight from Congress on fintech and also spoke with Lend Academy in their podcast; his views are framing many of Washington D.C.'s legislative debates and his legislation, the Financial Services Innovation Act of 2016 (HR 6118), could be a significant factor helping to support future fintech innovation in the US. Source

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Asia/Pac Fintech News Roundup

·Mar. 30, 2017

Orchard Platform’s Matt Burton Discusses China’s Fintech Industry

China represents 18.5% of the total world population and its business commerce has been growing rapidly; it also reports the four largest fintech unicorn valuations, Ant Financial, Lufax, JD Finance and Qufenqi; Matt Burton from Orchard Platform reports on these statistics and more in a recent blog post also highlighting the emphasis on mobile payments and technology services for the underbanked and unbanked; while China's fintech sector has shown exponential growth, the government is now increasing its focus on financial protection which is expected to improve the quality of fintech businesses; in the blog post, Burton also provides a list of companies he is watching by region in Asia. Source

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News Roundup Online Lending USA

·Mar. 30, 2017

Clarity Services Reports on Alternative Credit Data

Clarity Services is a leading alternative credit data provider; the firm has published a new report titled, "2017 Subprime Lending Trends Insights into Consumers and the Industry" which analyzes alternative credit data from the firm's database of approximately 60 million unique consumer identities; provides details on consumer trends and the financial behavior of this market group. Source

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Fintech News Roundup USA

·Mar. 30, 2017

The Future of Advice – by Betterment’s Jon Stein

Jon Stein first looks to the past of investing in stocks with significant milestones such as the introduction of index funds, trade automation and decreasing trading costs leading to the ability to be easily diversified; thus old models of charging people to trade or to be diversified don't work; looking at the current and future trends Jon discusses that investors are now more responsible than ever for their own retirement and need advice; Jon Stein shares how Betterment is providing financial advice to more people; the company manages over $8 billion in assets and has 240,000 customers. Source

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Europe Fintech News Roundup

·Mar. 30, 2017

Challenger Bank Monzo Raises 2.46mn British Pounds on Crowdcube

Monzo has set a new Crowdcube record with fundraising from over 6,800 investors in its current fundraising campaign; firm has raised of 2.46 million British pounds ($3.06 million) and is targeting 2.47 million British pounds ($3.07 million); the crowdfunding campaign is part of a broader Series C funding round for 22 million British pounds ($27.37 million) which includes a 19.5 million British pounds ($24.26 million) investment from Thrive Capital, 5 million British pounds ($6.22 million) from Passion Capital and 1.5 million British pounds ($1.87 million) from Orange Digital Ventures; the firm has raised a total of 35 million British pounds ($43.54 million) in growth capital including a funding of 1 million British pounds ($1.24 million) in March of 2016 on Crowdcube. Source

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Fintech News Roundup Online Lending USA

·Mar. 30, 2017

PeerStreet Partners with Wealthfront

Online real estate lending platform PeerStreet has partnered with Wealthfront; PeerStreet will integrate with Wealthfront's Path offering; the integration has been facilitated by Quovo and will allow PeerStreet customers to view their PeerStreet investments holistically within their entire Wealthfront investment portfolio. Source

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