There has been a ton of hype surrounding Blockchain technology, while speaking...
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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An open source movement helped propel technology in the 80s and 90s and industry professionals are speculating on the need for another open source movement in today's current environment; while open source is not favored because of its intellectual property disadvantages it does have significant advantages for innovation; Crowdfund Insider details some of the areas where it is being discussed including third party data sharing and loan stacking; it has also been a topic recently debated at LendIt USA 2017 and is in ongoing development and discussion with the Online Lending Policy Institute, ID Analytics, the Marketplace Lending Association and numerous other industry groups. Source
LoanHero has appointed three new executives: Zalman Vitenson, Olaf Janke and Michael Sides; Vitenson will take the CEO role, Janke will be the firm's new CFO and Michael Sides has been hired as the firm's vice president of sales; LoanHero provides an innovative technology loan origination platform for point of sale lending. Source
In his weekly Forbes column Ron Shevlin assesses what has changed in...
Singapore hosted the 3rd Singapore-Shanghai Financial Forum this week helping to strengthen relationships in the region; over 200 participants were in attendance; the theme of the event was "Strengthening Singapore-Shanghai Collaboration in a Changing Financial World Order" and discussions were centered around deepening financial connections between Singapore and Shanghai; Jacqueline Loh, deputy managing director of the Monetary Authority of Singapore, was a featured keynote speaker at the event and spoke about the opportunities for fintech collaboration in the region. Source
Here are the most read news stories from our daily newsletter today:...
PayPal is looking to raise the stakes against competitors like Square and...
UBS has broadly launched its robo advisor service SmartWealth after a limited launch in October; the solution presents another robo advisory service offering by an incumbent financial services provider; portfolio fees range from 1% to 2% with an investment threshold of 15,000 British pounds ($18,500); according to data from Business Insider, Vanguard's Personal Advisor Services leads the robo advisor market with assets under management of $41 billion followed by Schwab with $10 billion and Betterment with $6.2 billion. Source
Yirendai launched a new open technology platform at LendIt USA called Yirendai Enabling Platform; the platform will provide solutions for data acquisition, anti-fraud technology and customer acquisition; it is primarily targeted for Chinese marketplace lenders; its capabilities are expected to help marketplace lending companies improve customer experience, increase efficiency, lower costs and mitigate fraud. Source
Roofstock provides a marketplace for buyers and sellers of rental properties; the company is up to 35 employees and has now raised their Series C led by Canvas Ventures; TechCrunch published a short Q&A with their CEO Gary Beasley; while the company doesn’t disclose actual number of properties, they have facilitated “hundreds of millions of dollars in value this year alone” and now operate in 15 markets across the US. Source