In their semi annual report published this week, the OCC singled out...
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.
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
Most p2p investors with Prosper or Lending Club want to know one piece...
[Update: This post is now irrelevant because Prosper started offering an IRA...
This past week saw good news from Coinbase, bad news from Robinhood, JPMorgan is getting intro travel, the CFTC would regulate crypto in proposed new legislation, Equifax had another screwup and more.
Wealth advisor Snowden Lane has partnered with Artivest to offer investors easier access to private equity and hedge fund investments; Snowden Lane is an independent wealth advisor with no proprietary product offerings; through the partnership, Artivest will now be the firm's main provider of private equity and hedge fund investments; Artivest provides a curated platform of hedge funds and private equity investments. Source
A replay is now available for LendIt's Marketplace Lending 101 forum which was held on Wednesday, January 18; Peter Renton from LendIt and Andrew Dix from Crowdfund Insider took questions from participants about the marketplace lending industry and discussed how to effectively invest in marketplace loans. You can view the webinar replay here:
Chinese online consumer lender, LexinFintech, filed a $500mn IPO to list on the Nasdaq; LexinFintech provides installment loans for consumers to buy products; regulators have been looking closer at consumer lending in China with recent companies listing on US exchanges; the listing is being underwritten by Goldman Sachs, BofA Merrill Lynch, Deutsche Bank Securities and China Renaissance. Source.
The new loan product is helping Americans get quick access to cash but it is not entirely free. Source
During the week I share the latest marketplace lending and fintech news...