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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 Roundup Online Lending USA

·Dec. 27, 2016

Lend Academy Article: Lending Club Bonus for New IRA Investments

Lending Club is offering a bonus for IRA investors; Lend Academy provides details in their article; any investor who opens or adds to an IRA account with at least a $5,000 investment by April 30, 2017 will receive a bonus; bonuses range from $150 to $3,000 for investments from $5,000 to $100,000 and over. Source

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News Roundup Online Lending USA

·Dec. 27, 2016

Bizfi Originations Reach New High

Small business marketplace lender Bizfi.com has announced a new milestone; cumulative originations reached $2 billion in December; firm offers direct loans and provides a range of financing solutions for US small businesses including loans from alternative lenders and the Small Business Administration; platform has over 45 funding partners. Source

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Europe Fintech News Roundup

·Dec. 27, 2016

Fintech Firm, Nutmeg, Raises 12mn British Pounds

Nutmeg has received 12 million British pounds ($14.74 million) in capital from investor Taipei Fubon Bank; the 12 million British pound fundraise follows a Series C fundraising round in November led by Convoy Global Holdings; the funding will help to support the firm's rapid growth; assets under management for its robo advisor service have been increasing significantly and are now at approximately 600 million British pounds ($736.85 million); success has been driven by demand for its discretionary investment management service which also offers low fees. Source

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Europe News Roundup Online Lending

·Dec. 27, 2016

Mintos Offering Loans in Multiple Currencies

Latvian marketplace lender Mintos has announced it will be expanding its loan offerings to include loans denominated in Czech koruna to avoid currency risk for investors; firm is the third European lender following Creamfinance and Acema to expand to the koruna; says it also has plans for additional currency offerings. Source

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News Roundup Online Lending USA

·Dec. 27, 2016

Parasail Health Offering Healthcare Loans

Parasail Health has built a lending platform to support loans for healthcare expenses; firm has partnered with healthcare companies to provide alternative payment options for healthcare needs; Parasail currently has contracts with over 700 providers and has built integration capabilities for approximately 15 channel partners; offers loans and simplified payment processing for a range of healthcare expenses. Source

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News Roundup

·Dec. 24, 2016

Marketplace Lending News Roundup – December 24

During the week I share the latest marketplace lending news on Twitter...

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News Roundup Online Lending

·Dec. 22, 2016

Argon Credit under Further Investigation

Lending Times has reported numerous improprieties at Argon Credit causing further investigation; the firm filed for bankruptcy on December 16; an article from Lending Times says Argon Credit used proceeds from lending capital for personal interests; also says investments were not accurately disclosed and directed; firm is involved in bankruptcy proceeding with investor; former founder also had a criminal record. Source

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Europe News Roundup Online Lending

·Dec. 22, 2016

FCA Consulting with FSCS on Insured Investments for UK P2P Lending

The Financial Conduct Authority (FCA) works with the Financial Services Compensation Scheme (FSCS) in the UK to protect investments for consumers; the FSCS is comparable to the Federal Deposit Insurance Corporation (FDIC) in the US; the FCA is currently conducting research and undergoing consultation on the crowdfunding market; current consultation has involved communication between the FSCS and FCA on potential solutions for insuring funds; it's not likely that insured funds will be integrated into the FCA's new crowdfunding regulations however the two agencies are discussing options. Source

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Fintech News Roundup

·Dec. 22, 2016

Chart of the Week: Banks’ Biggest Fears

Business Insider released the below chart this week highlighting what banks fear the most; for 2016, banks view existing large incumbents as their biggest threat followed by fintech startups; BI posits this is due to the incumbents having large customer bases and significant capital to fund projects; the perception of threats from fintechs increased from 14% in 2015 to 18% in 2016.

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News Roundup Online Lending USA

·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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