Here are the most read news stories from our daily newsletter today:...
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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Digital wealth fintech Wealthfront is taking another step towards becoming a bank...
In a recently recorded speech, Rhydian Lewis said that the company expects to be profitable in 2018; the p2p lender was previously profitable in financial years 2014 and 2015; the company is also celebrating its seventh birthday and has facilitated £2.1bn in loans, connecting 57,000 lenders with 388,000 borrowers. Source
Miles Reidy is a partner at QED and spearheads the VC firm’s regtech initiatives; Reidy talks about his background, why regtech has its origins in the changes brought on by the financial crisis, the differences that regtech is making in financial services today and more. Source
Every quarter, LendIt co-founder Peter Renton shares his marketplace lending returns; in...
Credibly has been chosen to service BizFi's $250 million portfolio; Credibly also announced it had crossed the $500 million mark in capital deployed to SMBs; this does not include the portfolio of loans being serviced from BizFi; Ryan Rosett, Credibly's founder and co-chief executive officer stated: "Acquiring the servicing rights of BizFi's portfolio is a testament to our data-driven approach and laser focus on the working capital needs of small businesses. We welcome our new customers and are committed to ensuring that their growth capital needs are met." Source
The most popular digital banking startup, Chime, has created a pilot program...
The Consumer Financial Protection Bureau (CFPB) has fined TransUnion and Equifax over $23.2 million for deceptively advertising services; the agencies reportedly advertised credit services costing customers over $200 as free and misled customers about the use of credit reports they obtained; according to the CFPB, TransUnion will pay $13.93 million to consumers and a $3 million fine while Equifax will pay $3.8 million to consumers and a $2.5 million fine. Source
The Wall Street Journal provides a picture of Wirecard’s current business, comparing...
A new study by a team of computer scientists from Cornell Tech,...