An interesting mix of news this week as we have many developments...
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.
Capital One spent 81 percent more on marketing in Q4 2018 than...
The new Consumer Financial Protection Bureau Director, Kathy Kraninger, spoke in Washington...
Securitization continues to be a key source of capital for many marketplace lenders; LendIt, in association with Cadwalader and Lending Times, will host a forum on Wednesday, January 11th at 2:00 PM EST; the webinar will focus on key factors to consider in choosing the optimal risk retention structure, commercial considerations related to sponsors including brand and investor relationships, requirements to establish a majority owned-affiliate including the amount of equity that must be retained by the sponsor versus an investor and more; register today.
In his weekly Forbes column Ron Shevlin of Cornerstone Advisors wonders if...
Coinbase launched their Coinbase Commerce platform to allow merchants to accept digital currency; the service will be integrated into the merchant’s checkout or added as a payment option; the company is accepting merchants by having them email in to be added; this positions Coinbase well as Stripe no longer accepts payments and PayPal has been slow to adopt. Source.
Fifth Third Bank has struck a partnership with fintech Fundation to offer...
Tencent To Roll Out Voice-Activated Assistant For WeChat Interview: Mark Gabriel, Sunrise...
Lend Academy talks with Andrea Jung of Grameen America in their podcast; Grameen America is a non-profit lender with a concept founded by Muhammad Yunus who has won a Nobel Peace Prize for his efforts; it provides small business loans to female entrepreneurs; Andrea talks about her career experience and the Grameen America business model, explaining how it has evolved from the original Grameen started by Muhammad Yunus; Grameen currently boasts a default rate of just 0.3% on $620 million of lending. Source
There has been a lot of news coming out about SoFi recently; first came the departures of several senior executives; then news of a sexual harassment lawsuit came in August; now CEO Mike Cagney is stepping down as CEO from the company by the end of the year, having already stepped down as Chairman; in a letter sent to employees Cagney wrote, “The combination of HR-related litigation and negative press have become a distraction from the company’s core mission. I want SoFi to focus on helping members, hiring the best people, and growing our company in a way consistent with our values. That can’t happen as well as it should if people are focused on me, which isn’t fair to our members, investors, or you.” Source