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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.

FintechNews RoundupNorth AmericaUSA
·Nov. 21, 2016

Digital Wealth Management Company, AdvisorEngine, Raises $20mn

The New York City-based company raised their Series A funding from WisdomTree Investments, Inc., who sees this opportunity as a strategic investment; the deal will set up WisdomTree's asset allocation models to be made available through AdvisorEngine's open architecture platform and WisdomTree will actively introduce the new platform to its distribution network; AdvisorEngine intends to use the funds for the continued development and expansion of its wealth management platform.  Source

 

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FintechNews RoundupUSA
·Apr. 16, 2020

Biometrics Startup BioCatch Raises $145 Million

BioCatch tracks the behavior of users on websites to gauge whether they...
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Asia/PacFintechNews Roundup
·Aug. 21, 2017

Lend Academy Podcast: Greg Gibb of Lufax

Lend Academy talks with Greg Gibb, CEO and co-chairman of Lufax; Greg Gibb talks about the founding of the business as a P2P platform, its relationship with Ping An and how it has evolved to become a broader provider of wealth management product offerings; the podcast interview also discusses Lufax's future plans for international expansion and a potential IPO. Source

 

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Asia/PacNews RoundupOnline Lending
·Apr. 13, 2017

LendEx Adds Two New Board Members

Australian P2P commercial property marketplace lender LendEx has appointed two new board members to its board of directors; Brian Benger will join the board with experience from consulting firm Mercer; credit market executive Kim Jenkins will also join the board; Jenkins is currently the CEO of the Australian Retail Credit Association; Benger and Jenkins join Robert Hines, the firm's chairman, as the board's non-executive directors. Source

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FintechNews RoundupUSA
·Oct. 3, 2017

Lend Academy Article: Lending Club and Prosper Data: 10 Years In

Lend Academy looks at 10 years of data from Lending Club and Prosper; shares data on returns over the time period and where current returns are trending. Source

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FintechNews RoundupUSA
·Mar. 5, 2019

Banks Begin to Feel Pressure on Privacy Debate

The Equifax breach has started to really change and shape the conversation...
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FintechNews Roundup
·Nov. 11, 2016

Central Bank of Russia Developing Crowdfunding Regulations

The Central Bank of Russia has created a working group with experts from the country's crowdfunding platforms in order to develop a regulatory framework for the crowdfunding industry; the working group will develop regulatory proposals for submission to regulators during the regulatory framework development process; the Russian market appears to be taking a proactive approach as the industry is emerging with 500 million rubles (USD 7,748,755) in total liabilities.  Source

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Asia/PacFintechNews Roundup
·Mar. 10, 2017

PayPal Joins in $48mn Fundraising Round for Korean Payment App Toss

Viva Republica is the operator of Toss; firm has announced a $48 million funding round for the payment app from PayPal, Goodwater Capital, Bessemer Venture Partners, Altos Ventures and Partech Ventures; Toss has reported significant market share in Korea with over six million app downloads and payment transactions of over $3 billion; Viva Republica has also partnered with 18 of Korea's 19 major banks and now provides payment services to 98% of Korea's banking customers; for PayPal the investment builds out its payment services portfolio which includes mobile payment processor Venmo.  Source

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News Roundup
·May. 16, 2015

Marketplace Lending News Roundup – May 16, 2015

During the week I share the latest marketplace lending news on Twitter as it...
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FintechNews Roundup
·Dec. 8, 2017

IMF Says Chinese Banks May Have Insufficient Capital

A recent review done by the International Monetary Fund found Chinese Banks face capital shortfalls, in particular medium and small banks; the IMF stated that China should consider boosting risk-weighted assets by 0.5 to 1 percent in the next 12 months; Jin Zhongxia, China’s representative on the IMF’s executive board said the assessment was for the most part correct but that they have already begun implementing remedies; the IMF said the problem is manageable but laid out a set of potential reforms to improve the shortfalls going forward. Source

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