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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.

Fintech News Roundup Online Lending

·Oct. 11, 2016

Prosper Adds Credit Card Optimizer to Its Prosper Daily App

Leading marketplace lending platform, Prosper, has launched Credit Card Optimizer; the Credit Card Optimizer is an enhancement to the firm’s Prosper Daily app which was introduced in March 2016 as an aggregator for financial accounts; the Credit Card Optimizer will provide users with their credit card balances and payment notifications; also seeks to provide advice on credit card usage and includes features for managing credit cards by interest bearing balances. Source

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Europe News Roundup Online Lending Real Estate

·Oct. 11, 2016

LendInvest Reports Revenue Gain and Earnings Profit

UK mortgage loan marketplace platform, LendInvest, has released its 2016 earnings; originations on the platform increased 84% to £320 million for the year ending March 2016; company grew revenue 133% to £32 million with a profit of £3.4 million; leads most of its competitors who have been consistently reporting losses. Source

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News Roundup

·Oct. 8, 2016

Marketplace Lending News Roundup – October 8, 2016

During the week I share the latest marketplace lending news on Twitter...

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Europe Finance News Roundup Online Lending

·Oct. 6, 2016

Pemberton Asset Management Raising £500m to Lend to Midsized British Companies

Non-bank lender Pemberton Asset Management sees a big opportunity in business lending with the uncertainty surrounding Brexit; Pemberton is confident that European banks will pull back as a result of Brexit and slow their lending practices; the sizable raise also points to the confidence in private debt funds as an option for companies unable to get financing from the banks.

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Finance News Roundup

·Oct. 6, 2016

Will Deutsche Bank Need Government Bailout?

The business press have focused this week on Deutsche Bank, amid rumors they will require government action to stay viable in their current circumstances; trigger issue is US government seeking a US$14 billion fine over the 2008-2009 centered subprime mortgage crisis; rumors vary on whether Deutsche and German government are working on a crisis plan and/or considering government financial support; comparisons are proposed to that period's bailout of "too big to fail" Lehman Brothers. Source

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News Roundup

·Oct. 1, 2016

Marketplace Lending News Roundup – October 1, 2016

During the week I share the latest marketplace lending news on Twitter...

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News Roundup

·Sep. 24, 2016

Marketplace Lending News Roundup – September 24, 2016

During the week I share the latest marketplace lending news on Twitter...

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News Roundup

·Sep. 17, 2016

Marketplace Lending News Roundup – September 17, 2016

During the week I share the latest marketplace lending news on Twitter...

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Fintech News Roundup

·Sep. 12, 2016

Moody’s Analytics Launches Portal to Share Borrowers’ Financials and Credit Rating with Lenders

Moody's new portal called MARQ will automate exchange of financial information between borrowers and lenders; new portal will also generate the MARQ small business credit score; score is based on Moody's RiskCalc models for analyzing private company credit risk.

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Fintech News Roundup

·Sep. 11, 2016

KKR Creating Growth Equity Fund for Hi-Tech/Fintech Investments