What is social lending? It’s a new take on an old concept....
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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During the week I share the latest marketplace lending and fintech news...
Electronic document management is a key aspect of marketplace lending and eOriginal is one of the ecosystem's document management providers; Lend Academy interviews Steve Bisbee of eOriginal in their podcast; eOriginal has been in business since 1996, first focusing on original electronic documents for mortgages, then working with auto financing and expanding into many other areas of lending; in 2012 the company began exploring marketplace lending involvement after the suggestion from an investment bank; eOriginal's first marketplace lending customer was SoFi in 2013 and they have added many more since then; as a well established business, eOriginal also has a good perspective on the regulatory requirements involving data integrity which is also helping industry progression. Source
The deal marks the first blockchain powered sustainable “Schuldschein” loan and totaled...
Not surprisingly, Citibank saw an increase of digital banking channels through Q1...
DRW is a firm focusing on trading cryptocurrencies; the Chicago based firm has about a dozen employees working on crypto trading through a subsidiary called Cumberland Mining; there are several other firms operating in this area as well including Jump Trading, DV Trading and Hehmeyer Trading + Investments; volatility in other asset classes is low, making crypto an attractive asset class for these firms. Source
Silver Lake Partners is leading the next financing round for SoFi that is expected to add $500 million in new capital for the growing alternative finance company; investors include Japan's SoftBank Group Corp. and several other Asian investors along with DCM Ventures and Third Point; with the completion of the fundraising, SoFi will be valued at approximately $4.3 billion; recent acquisitions and product introductions have helped the firm expand its offerings from student loan refinancings to personal loans, mortgages, wealth management, life insurance and digital banking. Source
In a week when the whole world was pretty much focused on...
LendIt Fintech has teamed up with Oracle Financial Services to bring together...
- The ten-year ticking timebomb - The Finanser
- Challenger bank teams up with direct lending fund
- Yolt announces integration with Starling Bank
- Douugh Receives Strategic Investment from Choice Financial
- SoFi Launches “Refi and Relax” Program to Combat Against Student Loan Anxiety
- AI-based Fraud Scoring Boosts Loan Approval Rate by 50% for ID Finance
- LendUp Hires First Chief Financial Officer, Announces Significant Growth Milestones
- FinTech Will Change More in the Next 5 Years Than the Last 30, Says PayPal CEO
- Jack Ma says no Ant Financial IPO anytime soon