- How Citizens Bank is reaching millennials
- Bank Fintech Partnership More Than Just a Good Idea
- Developing The Application of Anti-fraud Technology to Enhance Financial Risk Management
- Merchant Advance Capital Closes $30 Million Debt Facility
- ETHLend creates the first Fully Gamified and Decentralized Credit Profile
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.
Here are the most read news stories from our daily newsletter today:...
ApplePie Capital is the marketplace lending leader in franchise business loans; in their featured blog post, CEO Denise Thomas discusses the investment opportunity that the firm's platform presents and ApplePie Capital's business model; cites five reasons for investing in franchise debt including the stable, high single-digit to low double-digit returns with lower risk than many of the market's competing fixed income products. Sponsored Blog Post
Real estate investing startup Cadre signed a partnership with Goldman Sachs to allow their private wealth clients access to the platform; Cadre has already been able to secure $250mn in commitments from Goldman’s clients and has said their is a steady stream still in the pipeline; private wealth clients will get a log in for Cadre and access to vetted deals in commercial real estate; in addition to the partnership Goldman Sachs also becomes and investor in the company. Source
The People's Bank of China (PBoC) requires all third-party payment institutions to channel transactions through a newly established central clearing platform called Nets Union Clearing Corp. (Wanglian); the trial operations started in April and will be put to formal use on July 1, 2018; by that time, all third-party payment firms (including Alipay and TenPay), will not be able to conduct transactions, such as bank transfers, outside of regulator's supervision. Source
Credit-card debt has grown to record highs and some large banks are reporting increased delinquency rates; this trend, combined with higher interest rates could be cause for concern according to Michael Pearce, an economist at Capital Economics; article provides data from the NY Fed on delinquent loans across student, auto, mortgage and credit card debt. Source
Student loan startup Savi has raised a $6mn series A round led...
Fintech Week Tel Aviv 2020 International P2P Lending Volumes December 2019 Signature...
Validis simplifies the lending process to SMEs; Validis offers a solution that connects directly to SME accounting packages and allows businesses to share their information directly with lenders; they also have built fraud detection tools that analyze the information to spot anomalies, discrepancies and mistakes; the Validis ’Quality Score’ algorithm allows lenders to monitor the financial health of their borrowers. Source