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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.

Finance News Roundup Online Lending

·Nov. 18, 2016

Liquidity a Factor for Investment Managers

State Street and the Alternative Investment Management Association have released a report on decreased liquidity in the investment market; approximately half of respondents see less market liquidity as a long-term factor and three-fifths of respondents are considering less trading liquidity in their investment strategies; report cites new market entrants, electronic platforms and peer-to-peer lending as reasons for increased illiquidity in the market overall; report says investors are focusing on three areas to adapt to the shift in market liquidity including rationalizing risk, optimizing for liquidity, and implementing new rules and tools. Source

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Fintech News Roundup

·Nov. 18, 2016

CoinDesk Reports on the Market for Blockchain

In its Q3 2016 State of Blockchain report, CoinDesk provides insights on blockchain; says blockchain investment is decreasing however significant development efforts continue to occur primarily from major banks and stock exchanges; report also says interest in blockchain from central banks is likely to continue. Source

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News Roundup Online Lending

·Nov. 18, 2016

Lend Academy Article: My Quarterly Marketplace Lending Results – Q3 2016

Peter Renton of Lend Academy shares his quarterly marketplace lending results for the third quarter; portfolio includes twelve accounts with investments in Lending Club, Prosper, Direct Lending Income Fund, Lend Academy P2P Fund, P2Pinvestor and PeerStreet; Q3 reported another quarter of lower returns; third quarter trailing twelve month return was 8.21%, a decrease from 8.72% in the second quarter and the sixth consecutive quarter of lower portfolio return. Source

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News Roundup North America Online Lending Real Estate USA

·Nov. 18, 2016

Real Estate Crowdfunding Platform, PeerStreet, Raises $15mn

Marketplace lender, PeerStreet, has raised $15 million in a funding round led by venture capital firm Andreessen Horowitz; PeerStreet offers secured real estate loans through its lending platform; the minimum investment is $1,000; investors on the platform include high net worth individuals, family offices and institutions; Andreessen Horowitz's Rampell noted the competitive advantages of PeerStreet compared to competitors included their fast growth and distribution model; he stated, "Most companies that are lending to consumers spend all the money in customer acquisition and it is very hard to get a profit." Source

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News Roundup North America Online Lending USA

·Nov. 18, 2016

Monroe Capital Provides $100mn Credit Facility for LiftForward

LiftForward has obtained a $100 million credit facility through funding from Monroe Capital; LiftForward is a New York City-based marketplace lender for manufacturers, distributors and retailers; the firm offers credit of up to $1 million per transaction; in addition to credit products the firm also offers its customers a platform to sell their products as a hardware as a service subscription. Source

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Asia/Pac News Roundup Online Lending

·Nov. 18, 2016

New Marketplace Lender, OxyLoans, Opens in India

SRS Fin Tech Labs has announced the launch of a new marketplace lending platform in India called OxyLoans; firm seeks to originate $1 billion in loans by 2024; loans will be available in India, GCC and the UK; rates on loans will range from 12% to 36% with loans up to Rs 4 lakh (approximately $5,890). Source

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Asia/Pac News Roundup Online Lending

·Nov. 18, 2016

OpenTap Launches in India for Marketplace Loans

OpenTap has begun to offer marketplace loans in India targeting low to middle income consumers; company seeks to meet the market demand for borrowers who are creditworthy yet don't qualify for traditional loans; estimates the target market for low to middle income consumers at 12,000; loans will be available for up to Rs 50,000 ($730); average loan size has been approximately Rs 25,000 ($365). Source

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Finance Fintech News Roundup

·Nov. 18, 2016

Large Insurance Companies Exploring Insurtech in Many Different Ways

Insurance and insurtech companies are seeking synergies in the industry as technology is evolving; at the Intelligent InsurTech Europe conference this week in London, industry participants discussed the many ways companies are partnering and developing new services; the industry conference revealed many large companies are investing in insurtech through incubators and direct investment; in-house innovation labs are also a prevalent trend occurring with large insurance companies; most large insurance companies are finding it important to partner and invest with insurtech companies in order to stay current with the industry’s evolving landscape. Source

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News Roundup North America Online Lending USA

·Nov. 17, 2016

Small Business Lender DealStruck Stops Originating Loans

DealStruck, an online lender for small and medium-sized businesses, has stopped originating loans; the industry environment and slowdown in investor capital has affected the company; the firm's CEO Ethan Senturia said, "Although we are not currently originating new loans, we are continuing to provide our clients with the high-level of service they have come to expect from us."; he also noted, "we’ll be looking for strategic options to allow us to continue delivering on our mission to provide unique, appropriate and affordable financing to small businesses nationwide." Source

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Fintech News Roundup

·Nov. 17, 2016

Wells Fargo Partners with SigFig to Offer Robo Advice

Wells Fargo has announced that it will offer robo advice services through a partnership with SigFig; the robo adviser will first integrate with the community bank unit in 2017 to provide digital advice; the company plans to then introduce the service with brokers and clients. Source

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