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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.

Fintech News Roundup USA

·Dec. 13, 2017

Vanguard Using Blockchain Technology to Simplify How it Updates Data

The $5tn mutual fund manager announced that they have successfully tested blockchain technology to automatically update data on index funds; types of data in the test included names and share prices of companies in index funds; the company stated they are not looking to blockchain to replace workers but give them more freedom to focus on other tasks; Vanguard follows other big name firms who have tested uses of the technology recently. Source.

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Fintech News Roundup

·Apr. 18, 2017

Alibaba Increases Acquisition Bid for MoneyGram

Alibaba has reportedly increased its bid for payments company MoneyGram; Alibaba initially announced the acquisition in January which will broaden its payments network; new terms of the deal increase the offer price to $18 per share from $13.25 and have been approved by the board of directors; the increased deal value follows a competing bid from Euronet Worldwide. Source

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Fintech News Roundup USA

·Feb. 26, 2020

Lloyds Continues Job Cuts in Branches

Lloyds is cutting 780 roles across their branch network; the cut amounts...

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Fintech News Roundup USA

·Mar. 9, 2018

Jeffrey Meiler Discusses the Company Culture at Marlette

In an interview in American Banker, Meiler discusses Marlette’s culture which aims to keep employees informed of the company’s goals; their strategy includes quarterly all-hands meetings with the company’s 100 employees to share what the goals are for the next 90 days; Meiler also shares how the company shifted its focus to profits given the changing environment and how this resulted in $11 million in GAAP profits last year. Source

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News Roundup

·Feb. 3, 2018

Marketplace Lending News Roundup – February 3

During the week I share the latest marketplace lending and fintech news...

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Fintech News Roundup USA

·Apr. 7, 2020

SoFi to Acquire Galileo Financial Technologies in $1.2 Billion Deal

SoFi has announced their plans to acquire Galileo Financial Technologies for $1.2...

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Europe Fintech News Roundup

·Nov. 21, 2016

Metro Bank Upgrades Its Digital Banking Platform

The UK's Metro Bank has enhanced its digital banking platform and launched new services; the new services include advanced technologies across nearly all aspects of the online user experience; the enhancements follow increased competition by digital-only banks including Starling, Atom, Tandem, Loot and Monzo; Metro Bank opened in 2010 and is also an investor in consumer loans through marketplace lender, Zopa. Source

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Fintech News Roundup USA

·Apr. 4, 2018

Lend Academy Article: What will the financial services industry look like in five years?

Bo Brustkern, the CEO of LendIt Fintech and Co-Founder of NSR Invest shares his thoughts on the future of financial services. Source

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Fintech News Roundup USA

·Feb. 24, 2020

Intuit to Acquire Credit Karma for $7 Billion

Over the weekend we learned that Intuit, the makers of TurboTax, Mint...

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Fintech News Roundup

·Sep. 12, 2016

Moody’s Analytics Launches Portal to Share Borrowers’ Financials and Credit Rating with Lenders

Moody's new portal called MARQ will automate exchange of financial information between borrowers and lenders; new portal will also generate the MARQ small business credit score; score is based on Moody's RiskCalc models for analyzing private company credit risk.

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