During the week I share the latest marketplace lending news on Twitter...
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.
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- The Third Age of Credit
- Mastercard will support cryptocurrencies – as long as they’re backed by governments
- Composing Architecture for Growth
- BMO launches banking chatbot with Finn.ai
- RateSetter CEO warns of ‘risk’ of collaboration over competition
- One of the most secretive trading firms on Wall Street has been trading bitcoin
- A bitcoin trading firm just opened up a lending business — and it's going gangbusters
Funding Circle has announced a new $100 million multi-year investment agreement with Community Investment Management including provisions for additional investment; the $100 million investment will focus on small businesses in the US; the investment supports continued growth for Funding Circle which has reported monthly lending of over 100 million British pounds ($122.92 million) since November. Source
The SEC is suing Direct Lending for inflating returns by about 2...
BlackRock is leading a $50mn investment round into microinvesting app Acorns to...
A blockchain trial has been completed with leading UK banks Barclays and...
The FDIC proposed new standards for companies seeking an ILC charter including...
Customer acquisition is a key factor for both traditional banks and online lenders; both use similar marketing tactics to reach customers and expand customer accounts; expensive marketing strategies have led many financial services companies to focus on providing free financial health and planning tools for their customers as part of their marketing strategy for customer acquisition; FICO provides examples from Prosper and Discover in their featured blog post; notes some of the things needed to develop successful financial health and planning tools. Sponsored Blog Post
China-based Qudian said on Monday it has filed with the SEC to raise up to $750 million in an initial public offering, planning to to list on the NYSE under the symbol QD; Qudian plans to use net proceeds for strategic acquisitions and marketing and borrower engagement; Qulian provides small loans and installment-based financing for e-commerce in China. Source
While the Federal Reserve has said they will pour virtually unlimited amounts...