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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 Roundup
·Jan. 3, 2017

Innovators Analyzing Revenue Generating Blockchain Products

Cost reduction benefits have been identified for blockchain however revenue benefits are also a factor for banks; banks are increasingly using blockchain solutions to reduce expenses and now banks are also researching ways to utilize blockchain for revenue growth; as blockchain becomes more widely used in the industry it is likely that banks will develop revenue generating products that use the technology; while banks have not greatly been reporting on new blockchain products, potential product development exists with digitizing illiquid assets and building micropayment systems.  Source

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News RoundupOnline Lending
·Jan. 3, 2017

Chart of the Week: Market Share in Student Loan Debt

Currently the student loan debt market is at approximately $1.4 trillion; market share from government lenders has been on the rise under the Obama administration with federal student loans accounting for approximately 93% of the market versus 88% in 2008; in the Trump administration it is likely that private lenders will take a larger share as Republicans favor more financing options from private sector participants; since the November 8 election, shares of private lender Sallie Mae have increased 55%; marketplace lenders are also likely to take part in a market shift towards private student lending, specifically as their student loan offerings continue to expand.  Source

 

government-student-lending-chart-2

 

 

 

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FintechNews Roundup
·Jan. 3, 2017

2017 Fintech IPO Market

Decreased venture capital funding and fintech challenges in 2016 slowed the market for initial public offerings (IPOs); experts believe the IPO market could be revived in 2017 with four companies at the top of the list to watch for a potential public offering; companies include Transferwise, SoFi, Ant Financial and Credit Karma; all four companies have significant venture capital support and are likely leaders for the fintech IPO market in 2017.  Source

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Asia/PacFintechNews Roundup
·Jan. 3, 2017

Social Cash Helping Increase Use of WeChat

As of September 2016, WeChat had 768 million active users; the service is owned by Tencent; social cash sent to users through customized red packets or red envelopes has been one factor driving increased usage; WeChat has also been helping fuel a cashless society with 300 million users using WeChat Pay; expanding features and red packet promotional efforts have helped the company report an estimated value of $80 billion which is approximately half of Tencent's market cap.  Source

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FintechNews Roundup
·Jan. 3, 2017

The Fintech Food Pyramid

In the fintech industry there are many companies that have emerged with food-based company names; as the holiday season ends and the new year begins, LendIt has highlighted these companies in a blog post; the list of companies spans the full range of fintech industry categories.  Source

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News RoundupOnline LendingUSA
·Jan. 3, 2017

Prospect Marketplace Lending Corp. Files Form 40-APP for Multiple Share Classes

In October 2016, Prospect Marketplace Lending Corp. filed an N-8A and an N-2 indicating the company's investment status and plans for managing a closed-end fund investing 80% of the assets in marketplace lending investments; the firm has now filed a Form 40-APP; the Form 40-APP requests permission to offer multiple share classes, each with its own fee and expense structure.  Source

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News RoundupOnline Lending
·Jan. 3, 2017

Orchard’s December 30 Marketplace Lending Snapshot

In Orchard's December 30 Weekly Snapshot it highlights reports from Even, the Consumer Financial Protection Bureau and American Banker; in online lending stocks, Square reported the highest monthly return, trading at $13.73 for a gain of 6.11%; in UK listed stocks, the VPC Specialty Lending Fund led monthly returns with a gain of 8.01%; in US listed marketplace lending funds, the River North Marketplace Lending Fund had a one month return of -0.87%.  Source

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News Roundup
·Dec. 31, 2016

Marketplace Lending News Roundup – December 31

During the week I share the latest marketplace lending news on Twitter...
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News RoundupOnline LendingReal Estate
·Dec. 30, 2016

Potential for Bank and Real Estate Crowdfunding Partnerships

There have been many bank partnerships with marketplace lenders however there haven't been any done with real estate crowdfunding platforms; Allen Shayanfekr, CEO of Sharestates, predicts banks will partner with real estate platforms in 2017; says banks could lower costs and require less investment in new products by partnering with real estate platforms; Allen Shayanfekr outlines three types of scenarios for partnerships including: bank as originator, bank as capital provider and white labeling.  Source

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FintechNews Roundup
·Dec. 30, 2016

Core Innovation Capital Secures New Funding for Second Venture Capital Fund

Core Innovation Capital has raised approximately $71.5 million for a second venture capital fund; the fundraising round included 17 investors; the company invests in fintech companies focused on mobile and efficient financial products; it has invested in Mirador, Nova, Banking Up, Trim, NerdWallet, CoverWallet, Oportun and Ripple.  Source

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