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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.

Asia/PacFintechNews Roundup
·Dec. 16, 2016

Online-Only Bank Gains Approval in South Korea

K-Bank has gained authorization to open South Korea's first online bank; firm is an affiliate of Alibaba-owned Ant Financial; Kakao Bank is also involved in the final approval process to open the country's second online bank.  Source

 

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FintechNews RoundupUSA
·Jan. 13, 2020

Wells Fargo Finds Itself Behind in the Tech Race as New CEO Tries to Turn Bank Around

Wells Fargo was one of the first banks to use online banking...
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News Roundup
·Apr. 15, 2017

Marketplace Lending News Roundup – April 15

During the week I share the latest marketplace lending news on Twitter...
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FintechNews Roundup
·Nov. 15, 2016

eOriginal Inc. Raises $26.5mn

The company has raised $26.5 million to expand its digital transactions management business and bolster the staff to increase product development; the round was led by LLR Partners, a Philadelphia-based private equity firm; CEO Stephen Bisbee said, "We are seeing more opportunity in front of us than we're able to execute with our current staff."  Source

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FintechNews RoundupUSA
·Jan. 29, 2019

Banks Unsure Where AI Fits best

Artificial intelligence usage continues to increase inside the banking world and banks...
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FintechNews RoundupUSA
·Apr. 23, 2020

Online Lenders Rumored to Make Further Job Cuts

A day after LendingClub made big news by laying off 471 people...
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FintechNews RoundupUSA
·Mar. 21, 2019

Opendoor Raises $300M at a $3.8B Valuation

Real estate fintech platform Opendoor appears to be crushing it; they have...
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News Roundup
·Apr. 3, 2020

The Sorry State of the PPP and the Future of American Small Business

Today is the day that the Paycheck Protection Program (PPP) was supposed...
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FintechNews RoundupUSA
·Nov. 14, 2017

Lend Academy Articles: Federal Reserve of Cleveland Makes Some Dubious Claims in a Report on P2P Lending

A recent report titled Three Myths About Peer-to-Peer Loans by the Federal Reserve of Cleveland makes some dubious claims about the marketplace lending sector; Lend Academy shares information from the report and questions the data provided. Source

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Asia/PacFintechNews Roundup
·Jan. 25, 2017

Alibaba Affiliate Koubei Raises $1.1bn

Koubei was founded in 2015 with investment from Alibaba and Ant Financial; the firm offers online e-commerce services for merchants and is part of a diversified group of Alibaba affiliates; in January the firm reported new capital of $1.1 billion from external investors; investors now supporting the firm include Silver Lake, CDH Investments, Yunfeng Capital and Primavera Capital.  Source

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