Online real estate investing marketplace RealtyMogul has announced it will now allow self-directed IRA investment through its MogulREIT I; provides the benefit of passive investment income through a retirement account; MogulREIT I will also now allow for automated dividend reinvestment which can help add to compounding returns for IRA accounts; the product has also announced the inclusion of two new property investments located in San Antonio, Texas and West Chester, Pennsylvania. Source
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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A new report estimates that around 22% of fintech jobs in the...
The high volatility in cryptocurrency prices has created an opportunity for high frequency traders looking for alternatives; the stock market has been steadily rising but their has rarely been a daily jump or drop of more than one percent; while there has no been wide adoption of the strategy more firms have begun trading in the space as the market cap continues to rise. Source.
Fundbox has hired Marten Abrahamsen, a former investment banker to fill the...
Mastercard is the latest company to be added to OnStar Go, a cognitive mobility platform where drivers can browse stores and restaurants and purchase directly on their dashboard; get gas and pay for it without getting out of the car; after its launch in July, Masterpass is currently available in 33 markets, with plans to expand into 36 by the end of this year; the new dashboard will be deployed across two GM vehicles in the US by 2017; "The global momentum we're achieving with banks, merchants and consumers is proof-positive of our efforts to create simple and secure digital payment experiences anywhere consumers want to shop," said James Anderson, Executive Vice President of Digital Payment Products at Mastercard. Source
OnDeck, the small business lender has extended existing credit facilities with Credit...
The US marketplace lending industry has matured with a number of self-regulating industry associations however the evolution of the industry and its integration into mainstream financial services has brought about increased regulatory attention which was one prominent topic for discussion at LendIt USA; HousingWire details the keynote speeches from Thomas Curry and Patrick McHenry also discussing insight from Amias Gerety; Richard Cordray from the Consumer Financial Protection Bureau was also a featured keynote speaker discussing government regulatory efforts pertaining to the industry. Source
During the week I share the latest marketplace lending news on Twitter as...
Spanish banks have been focusing on going digital to help keep ahead of competition; banks like Santander and BBVA have improved their mobile app access and started innovation teams to invest or partner with fintech companies; they have also changed their culture to better resemble a startup and have started talent competitions; while the banks have had their share of issues the digital focus can help to drive down costs and keep the banks ahead of the curve. Source.
Gabriella Kinder, head of alternative credit at NN Investment Partners, writes a piece in AltFi focusing on where the lending gap is since the end of the financial crisis; she explains that the lending gap has been reduced and alternative lending has opened up opportunities; while banks are in better shape they still face challenges on the digital front and credit has been increasing since the start of 2015; overall the gap has reduced and new opportunities have opened up as finance has become more diversified and digital in recent years. Source.