RateSetter was the last of the “big three” p2p lenders to be authorized after a two year wait; both Zopa and Funding Circle were authorized in May, 2017; RateSetter will now be able to launch their Innovative Finance ISA; Founder and CEO Rhydian Lewis stated, “Authorisation has been a long but positive journey during which we have learnt a lot, improved our infrastructure and implemented important changes, notably making the business more transparent. Transparency is vital to our business because our customers need to understand what we do to appreciate the risk of lending on RateSetter.” Source
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.
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Euronext has invested $10 million in Algomi, a London fintech startup with a bond trading platform; the investment builds on a joint venture which includes plans for expanding bond trading capabilities in North America and Asia; Euronext has primarily been focused on stock and derivatives trading in Europe. Source
Online franchise business lender ApplePie Capital has announced the acquisition of Funding Solutions, LLC and the appointment of Ronald Feldman as chief development officer; Funding Solutions is a six-person franchise loan consulting firm based in Michigan and will help business and product development for the firm; supporting ApplePie Capital's brand portfolio and product strategy, Ronald Feldman will also bring significant franchise market experience from roles at FranData, Franchise America Finance and The Siegel Financial Group. Source
CNBC sat down with Plaid CEO Zach Perret to talk about 2019 and...
Ethereum prediction market firm Gnosis has completed an initial coin offering with the firm's creators owning 95% or approximately $280 million and investors buying 5% of the project's tokens for a total of $12 million; skeptics say the high market cap for the project is an example of recent irrationality in token sales; however, as more initial coin offerings are successful, investors appear to be growing more comfortable with the investments. Source
According to a new report from Accenture high street banks face the...
GreenSky is launching a new revolving credit line up to $25,000 for...
- MoneyLion Secures $42 Million Investment to Accelerate Growth
- Business-Loan Growth Fell Off a Cliff in 2017 and No One Can Figure Out Why
- ‘We don’t need to stay in the student market’: How BankMobile wants to grow its offering and replicate its model
- A Fight Over the Credit Score Lenders Use for Your Mortgage
- How banks use behavioral economics to win over customers
- Envestnet Finalizes Acquisition of FolioDynamix for $195 Million
- Prosper Marketplace Appoints Former Bank of America Executive Justine Metz Head of Marketing
- Tradeshift Partners with Infosys to Help Clients Digitize Supply Chain Management
- Commencement of Online Lending Service for Small Businesses That Leverages Accounting Big Data and AI Technology
- 95 Crypto Theses for 2018
- Merrill Lynch blocks bitcoin amid fear that the bubble could pop
The great fintech consolidation of 2020 continues. While we knew this deal...
New apps allow workers of Uber, McDonalds and Bloomin Brands to spend the money they have earned in close to real time; the Instant Financial App for example notifies users each morning is they want to deposit about half of their previous days earnings on a debit card; workers use the app for free while businesses are charged a fee; the app has seen benefits and drawbacks, accessing earnings quickly has increased productivity but it also has the potential to reduce the chances of saving money. Source.