GreenSky, the point of sale lender went public today, raising $874 million;...
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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[Editor’s Note: This is a guest post from Victor Santos, founder of...
ConsenSys has hired Tyler Smith as its new director of energy and consulting; the firm has its headquarters in New York and focuses on global blockchain development; Smith joins the firm from BHP Billiton where he was the head of blockchain for the world's largest natural resources company; he has also been involved with numerous activities involving blockchain development; his work at ConsenSys will focus on Ethereum blockchain solutions for the energy industry. Source
PeerIQ analyzes SoFi's new securitization, SCLP 2017-1; SoFi's unsecured consumer loans securitization portfolio was priced on January 20; the securitization was oversubscribed resulting in final collateralized loans of $655 million; the securitization is now the industry's largest securitization portfolio issuance; it included two rated tranches from DBRS and Kroll; tranche A included loans valued at $504 million with an A rating from both DBRS and Kroll; tranche B included loans valued at $60 million with a BBB rating from both DBRS and Kroll. Source
During the week I share the latest marketplace lending and fintech news...
The Center for Financial Services Innovation (CFSI) and JPMorgan Chase have announced the launch of their third annual Financial Solutions Lab (FinLab); the FinLab challenge provides support for fintech companies developing innovative solutions targeting the financial health of overlooked populations; the FinLab is currently taking applications and will announce its winners at the EMERGE Forum 2017; FinLab winners receive $250,000 and support from FinLab advisers and partners. Source
MoneyThing has announced its authorization from the UK Financial Conduct Authority; says it will no longer be pre-funding loans and revising its terms for new lenders; plans to seek HMRC approval for innovative finance individual savings accounts. Source
Zillow has stopped home purchases in all 24 markets that they currently...
In the age of open banking, personal information is now being shared...

CB Insights provides a market map with 102 lending, investing and personal finance startups; gives retail consumers an array of options to choose from; includes companies providing innovative solutions across the entire retail banking market. Source


