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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

·Apr. 16, 2019

Challenger Banks Overtake Traditional Banks in Customer Satisfaction

Tearsheet reports on a recent survey, the 2019 FIS Performance Against Customer...

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Fintech News Roundup

·Feb. 12, 2018

Slower Lending Growth in China ABS Market

The asset-backed securities market in China saw huge growth in 2017; nonbank lenders led issuance which totaled $220 billion last year, a 90% increase from 2016; now issuance of consumer loans is slowing down due to increased involvement from Chinese financial regulators; a part of the slowdown was due to Ant Financial Services Group which temporarily stopped selling bonds by consumer loans in December. Source

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Fintech News Roundup

·Dec. 12, 2016

Fintech Businesses Should Consider Their Predecessors When Evaluating Business Growth

A blog post from Frank Rotman of QED Investors says fintech companies should keep in mind growth strategies from the previous generation; outlines three important phases for business growth, 1) testing 2) scaling and 3) cost efficiency; says growing exponentially in the early phases is not always the best approach and that building a lending business with land grab as a justification for growth is not necessarily the best strategy. Source

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Fintech News Roundup

·May. 28, 2019

Announcements & Releases for May 28, 2019

BFS Capital Appoints Fred Kauber as Chief Technology Officer and Chief Product...

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News Roundup Online Lending

·Jan. 13, 2017

Follow Up Friday: PeerIQ’s Fourth Quarter Securitization Report

PeerIQ released its fourth quarter "Marketplace Lending Securitization Tracker" this week; marketplace lending accounted for $2.4 billion of the securitization market in the fourth quarter; data from the fourth quarter report shows securitization investments as an increasingly important source of capital for marketplace lending platforms; in 2016 70% of loans were invested in through securitizations. Source

PeerIQ 4Q16 Exhibit 15

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Fintech News Roundup Online Lending Regulation USA

·Mar. 8, 2017

A Roundup of Marketplace Lending Regulatory Discussions at LendIt USA

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

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Fintech News Roundup

·Apr. 12, 2017

Barclaycard’s New CIO on US Market, Technology and Competition with Fintechs

Barclays recently announced Shelton Shugar as the new CIO of the credit card division; in a Q&A with American Banker, Shugar discusses how they plan to compete in the US payment space and ultimately compete with fintechs; he also talks about the company's cloud computing strategy as well as his perspective on voice recognition and chatbots. Source

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Fintech News Roundup USA

·May. 2, 2019