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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.

Asia/PacFintechNews Roundup
·Nov. 21, 2016

Alibaba’s Ant Financial Offers Opportunity for Widespread Fintech Industry Growth

At a financial forum in Shanghai, Jack Ma of Alibaba expressed his support for fintech innovation in digital banking that could further help China's inclusive finance efforts; the holding company founder's comments were centered around the capabilities of its affiliate Ant Financial, which offers a range of digital banking services; Jack Ma said capabilities from the platform could help other fintech firms to increase their financial inclusion business efforts; "We would like to entirely share with partners our capability of data collection and data processing to jointly develop the inclusive financial system," said Jack Ma; as a proponent for financial inclusion and fintech industry growth Jack Ma also said Ant Financial was a leading fintech market platform capable of partnering with other fintech companies for overall industry expansion.  Source

 

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Asia/PacNews RoundupOnline Lending
·Nov. 21, 2016

Southern Cross Financial Opening as a P2P Lender on December 1

Southern Cross Financial is seeking to take advantage of New Zealand's expanding real estate supply with challenges in traditional mortgage lending; on December 1, the firm will become a P2P mortgage lender, evolving from a mortgage brokerage business; the firm has been arranging loans between alternative credit consumers and approximately 150 investors as a mortgage broker; the new P2P structure will provide a more standardized process for borrowers and investors.  Source

 

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FintechNews Roundup
·Nov. 21, 2016

Healthcare Asset Management Offering a Profitable Fintech Opportunity

Opportunities to utilize technology in the insurance market are increasingly abounding and one area of the market that could benefit from greater technological innovation is the market for healthcare asset management; healthcare providers track an abundance of data on drugs and healthcare services; they are also creating new funds; third party service providers and asset managers are currently working to utilize this data as well as support healthcare investments; many of the processes connecting healthcare companies and third party service providers have yet to be fully explored by financial innovation and could be highly profitable for financial technology companies.  Source

 

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News RoundupNorth AmericaOnline Lending
·Nov. 21, 2016

Lend Academy Podcast: Andrew Graham of Borrowell

Borrowell, a marketplace lender focused on consumer loans, has been in business for approximately two years in Canada with a lot of growth in the small, developing Canadian P2P industry; Lend Academy interviews Borrowell's CEO and Co-Founder Andrew Graham in their podcast; discussion focuses primarily on Borrowell's business model and the company's announcement of the country's first marketplace lending partnership with a major bank; Borrowell has partnered with CIBC in a co-branded partnership that offers consumer loans to CIBC's customers.  Source

 

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EuropeNews RoundupOnline Lending
·Nov. 21, 2016

VPC Specialty Lending Fund Declares Dividend

The Victory Park Capital (VPC) Specialty Lending Fund will pay a dividend for the quarter ending September 30 of 1.5 pence; dividend payout continues to be lower than the dividend target of 2 pence; Fund has also been steadily trading at a discount to its NAV and the Fund's one year return is -12.42%; the VPC Specialty Lending Fund is shifting to more of a focus on balance sheet lenders and, similar to other funds, is also experiencing losses from currency hedging factors.  Source

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News RoundupNorth AmericaOnline LendingUSA
·Nov. 21, 2016

LendingTree Acquires CompareCards

Online multi-lender, LendingTree, has acquired CompareCards, owned by Iron Horse Holdings; the acquisition will expand LendingTree's online credit card comparison offering also bringing new technology, issuer relationships and educational tools to the site; LendingTree's stock has gained 13.44% following the company's announcement.  Source

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FintechNews RoundupRegulationUSA
·Nov. 21, 2016

PeerIQ’s Perspective on Fintech Regulation

PeerIQ's weekly newsletter provides insight from a week in Washington, D.C. beginning with the SEC's Fintech Forum on Monday, November 14; Ram Ahluwalia participated as a panelist providing an industry perspective on the "Capital Formation" panel; newsletter also provides details on potential terms from the OCC in their fintech charter and highlights three bills affecting fintech; PeerIQ also discusses the effect of capital and liquidity rules on asset-backed securities from banks. Source

 

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News RoundupOnline Lending
·Nov. 21, 2016

Orchard’s Weekly Online Lending Snapshot

Orchard's Weekly Online Lending Snapshot reports on an active week for online lending which began with the SEC's Fintech Forum and included industry news from Prosper, Renaud Laplanche and Zopa; Orchard also mentions the industry's four securitizations announced this week to be reaching default triggers and an industry wide increase in charge-offs overall in older, higher risk loan grades; highlights from the Snapshot's data indicators include a 23.42% increase in Lending Club's stock and a positive month of returns from all US publicly traded companies, lower monthly return for all UK listed marketplace lending funds with the VPC Specialty Lending Fund leading monthly losses with a return of -12.42%, and newly added River North Marketplace Lending Fund reporting a monthly increase of 0.83%.  Source

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EuropeNews RoundupOnline Lending
·Nov. 21, 2016

ThinCats Receives Two New Industry Endorsements

ThinCats has received endorsements from the National Association of Commercial Finance Brokers (NACFB) and Defaqto for its business operations in the P2P lending industry in the UK; the NACFB has recognized ThinCats for its best practices within commercial finance brokerage activities and ThinCats has joined the NACFB as a patron; ThinCats has also been recognized by Defaqto with a 5-star rating for product quality and comprehensiveness.  Source

 

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News RoundupOnline Lending
·Nov. 21, 2016

Dianrong.com Tops List of Online Lenders in China

Dianrong.com was ranked among the top three lenders in the October 2016 Online Lending Platform Development Index Rating provided by Wdzj.com and Yingcan Consulting; compliance and transparency were two key factors helping the company's ranking; in compliance the company reported the highest score for all companies in October at 81.49.  Source

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