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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 Online Lending

·Mar. 24, 2017

Banks Are Increasingly Interested in the Business Lending Opportunity

Banks have previously been known for their slow service in providing small business loans however the success of small business online lenders is helping to increase their interest and banking models; with banks expected to begin broadening personal and business lending in the current environment, small businesses appear to provide the best market opportunity; American Banker details some specific areas where banks can upgrade their technology for better competitive positioning in the small business lending market including: online applications, electronic documentation, increased online disclosure and optimized lending processes based on targeted borrowers. Source

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Fintech News Roundup Real Estate

·Mar. 24, 2017

Lend Academy Article: Potential Applications of Blockchain for Real Estate

Lend Academy reviews a session on applying blockchain to real estate after attending MIPIM, the world's largest conference dedicated to real estate; one company helping run a pilot is velox.RE; company is working with Chicago's Cook County on a program for transferring and tracking property titles as well as filing liens; the three perceived benefits are: a permanent, immutable public record that is immune to well-funded nation-state attacks, a path towards paperless land transfers and so-called "e-deeds" and reduced costs for offices across the country that want to upgrade electronic document processing systems; other applications for blockchain in real estate include tracking property ownership in emerging markets, real estate crowdfunding and tracking/transferring solar energy. Source

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News Roundup Online Lending

·Mar. 24, 2017

Insights on Peer-to-Peer Loan Investing

Peer-to-peer loan investing is growing as an investment category and capturing a greater share of the loan market from banks; as interest rates remain low across the globe and in the US, it continues to be a viable alternative to fixed income investing; Simon Moore discusses some of the current considerations for investing in P2P loans including availability, default risks, lending standards, interest rates, liquidity and tax efficiency. Source

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Asia/Pac Fintech News Roundup Online Lending

·Mar. 24, 2017

Report on China’s Internet Finance Market

Released at the Boao Forum for Asia this week, "The Report on Internet Finance 2017" details China's internet finance market, including its experience in mobile payments and online lending; discusses the opportunity for growth through e-commerce in Asia, specifically through the Belt and Road Initiative; highlights how mobile payments, peer-to-peer lending, online insurance and other internet finance businesses are evolving within the country's economy. Source

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Europe Fintech News Roundup

·Mar. 24, 2017

Digital Banking Landscape in France

Business Insider provides data on the number of challenger banks by country; this week Carrefour Banque, a subsidiary of Carrefour, that also operates a multinational retailer, shared that they were launching a new current account under the name C-Zam; the retailer operates in 30 countries and has over 1,000 stores in France which puts them in a unique position to acquire customers; other players prevalent in the French market include BNP Paribas which launched Hello Bank in 2013 and ING Direct which launched in 2010; startups Qonto and N26 also operate in Europe. Source

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Asia/Pac Fintech News Roundup Online Lending

·Mar. 24, 2017

Factors Influencing India’s Lending Market

India's fintech market is growing with a number of socioeconomic factors driving innovation; in 2016 over $1.6 billion was invested in India's fintech industry; the CEO and founder of India's Rubique highlights three ways the Indian lending space is being disrupted, including insight on blockchain, marketplace lending and robo advisory services. Source

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Fintech News Roundup

·Mar. 24, 2017

Humaniq Launches App, Focuses on Emerging Markets

Humaniq is a blockchain startup focused on financial inclusion; the company released an alpha version of their app; initial features include remittance payments and P2P lending as well as support for cryptocurrencies such as bitcoin and ether; Humaniq also has their own tokens called HMQ; app includes biometric ID verification for unlocking and verifying transactions; user profiles are based on facial and voice recognition algorithms; according to CEO Alex Fork: "Our initial target audience is people in emerging economies, and many of them don't have email. By using biometric ID we make the signup process more inclusive for people with low literacy while also lowering opportunities for fraud. Each real person will only ever be able to create one account, and no one will ever be able to steal their account. For businesses, a network full of real people is a dream come true, for reasons that are self-evident." Source

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Fintech News Roundup

·Mar. 24, 2017

Follow Up Friday: Recent Report Shows More Startup Companies in AI and Machine Learning over Blockchain

A recent report by Startupbootcamp and PwC points out that startup trends in 2016 moved towards artificial intelligence (AI) and machine learning companies compared to blockchain; the data shows that 16% of applications to Startupbootcamp are from artificial intelligence and machine learning companies, whereas blockchain applications account for only 6%; blockchain was certainly a bigger buzzword in 2016 but one reason that AI and machine learning has more startups is because companies like Google, Facebook and Amazon have made significant investments in the technology; additionally, the report points out that as blockchain becomes more industrialized more startups will use the technology instead of being a blockchain startup. Source

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Fintech News Roundup

·Mar. 24, 2017

Blockchain Technology in Utilities

Blockchain technology is being applied across a range of industries and the utilities sector is testing its use in a number of different ways; in utilities the use of a centralized ledger has many possibilities; industry professionals are testing the tracking of energy distribution and researching new ways of tracking solar and renewable energy; peer-to-peer energy tracking is also a new concept being tested with blockchain; trading flexibility is another area of research that could help improve industry efficiency; as these solutions evolve, industry standards are being developed to ensure consistent use and compliance and it seems that the large incumbent providers have the greatest advantage in developing new technology solutions. Source

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News Roundup Online Lending USA

·Mar. 23, 2017

OnDeck a Potential Acquisition Target for Kabbage?

Small business lender Kabbage is planning for a new equity fundraising, targeting a few hundred million dollars; sources say the lender is considering potential acquisitions including a buyout of OnDeck; Kabbage has reported a number of recent successes including a partnership with Banco Santander, expansion to Ireland and the industry's largest asset-backed securitization of small business loans. Source

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