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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.

News RoundupOnline Lending
·Apr. 20, 2017

BondMason Announces Increases in Investment Minimums and Fees

BondMason has increased its minimum investment for new investors from GBP1,000 ($1,278) to GBP5,000 ($6,392) and will institute the change for existing clients beginning on July 31; a new tiered fee structure will also be introduced beginning on May 31 for all investors; according to BondMason's CEO Stephen Findlay, "This structure puts us in line with other investment services and is to reflect our commitment to client services, which was sadly proving uneconomic for clients with smaller balances."; BondMason's service allows UK investors to invest in multiple marketplace loans through a single account. Source

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FintechNews RoundupUSA
·Aug. 10, 2017

Vanguard Dominating in Robo Advice

Source reports on robo advice services at Vanguard; the firm's Personal Advice Services is a hybrid robo advice offering with $83 billion in assets under management; it is anticipated that it will be the first digital platform to cross $100 billion; firm is adding certified financial planners to its call centers for clients in Scottsdale, Arizona and Charlotte, North Carolina as an enhanced hybrid offering. Source

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FintechNews RoundupUSA
·Apr. 18, 2019

T-Mobile Making a Big Push Into Banking

T-Mobile is officially getting into banking with a big nationwide push to...
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FintechNews RoundupUSA
·Mar. 20, 2019

AI Can Usher in a New Era of Prosperity

In an op-ed in American Banker the CEO of Synchrony, Margaret Keane,...
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FintechNews RoundupUSA
·Mar. 5, 2018

Kabbage Sets Restrictions on Lending to Firearms Sellers

Kabbage is an online lender in the small business space; today they announced they would not fund “any business that we identify as a seller of firearms or ammunition to individuals under 21 or that sell or manufacture any form of assualt-style weapon.”; according to a written statement signed by the executives, “As parents and leaders of Kabbage we simply cannot imagine the grief of families who too often have been stricken by gun violence like the tragedy in Parkland, Florida. The technology community must work to prevent these horrifying and heartbreaking events from robbing our children of their future.”; Kabbage is also supporting the Parkland survivors’ March 14 walkout and also announced charitable contributions. Source

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FintechNews Roundup
·Feb. 16, 2018

Commercial Banks Pushback on New Regulation in China

New regulations on asset management will increase capital that institutions have to hold in China; these regulations will significantly affect bank and nonbank relationships; banks have repackaged loans and transferred them to brokerages and other lenders which eventually make their way to investors; last year these transactions totaled $3.5 trillion in off-balance sheet lending according to the Wall Street Journal; one example of a lender that has been fined is China Guangfa Bank which turned loans going sour into high yield investments. Source

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News RoundupOnline LendingUSA
·Mar. 15, 2017

Video of the Week: Investing in the Future

Scott Sanborn provided the opening keynote presentation at LendIt USA 2017; the appointment of Sanborn has been a critical success factor for Lending Club and the marketplace lending industry; in his presentation he discusses the challenges of 2016 and the significant growth opportunity that still remains ahead; compares the market's potential to the growth of Amazon; provides insight on important factors for growth over the next ten years.

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News RoundupOnline LendingUSA
·Mar. 3, 2017

FinTech 3.0: Why Partnerships with Traditional Lenders Aren’t a Matter of “If,” but “When”

Credibly discusses the evolution of the fintech market and the firm's current market position in their featured blog post; central to their discussion is the integration of data science into all aspects of finance and the intersection of data science and bank partnerships; in what Credibly calls Generation 3.0 of fintech, online lenders are developing lending business models which also include software as a service (SaaS) products that are an extension of their proprietary technology; Credibly discusses the benefits of SaaS technology and the strengths banks present in partnering with fintech innovators; together the user experience is only expected to improve as more partnerships are formed throughout the industry. Sponsored Blog Post

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News RoundupOnline LendingUSA
·Dec. 22, 2016

Q3 2016 Prosper Data Available for Analysis at NSR Invest

NSR Invest, which allows Lending Club and Prosper investors to analyze loan data and direct investments, has made Prosper's Q3 data available; users can now backtest the most recent Prosper loan data and view trends of older vintages yet to reach maturity; originations for Q3 2016 totaled $311 million.  Source

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FintechNews RoundupUSA
·Feb. 19, 2020

81 Percent of Amex Cardmembers Engage Digitally

The Head of Amex’s mobile app, Stewart Kendall, sat down with the...
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