Quantum computing has the potential to dramatically affect banking in the coming...
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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Kristen Berman is a behavioral scientist who is working with fintech companies...
FST Biometrics has raised $40 million and is developing a solution for facial recognition that detects your identity while you are in motion; the biometric technology presents a new solution for security identification; by detecting your identity it can be used to unlock doors and provide various other types of security access. Source
Here are the most read news stories from our daily newsletter today:...
The partnership will allow community banks and other loan purchasers to access the online lending space; it will leverage the Cross River’s expertise in capital, technology and regulatory compliance with PeerIQ’s expertise in data analytics and risk management. Geoffrey Kott, head of finance and strategy at Cross River Bank stated, “PeerIQ’s risk management platform — with its leading loan-level analytics and monitoring capabilities, credit facility management toolkit, and full integration of TransUnion data — will both augment our internal capabilities and provide best-in-class loan-level monitoring tools for our clients and partners.”; Cross River Bank currently works with many big names in fintech, including more than 15 online lenders. Source
Back in the late 1990s and early 2000s there was discussion about...
When Tandem Bank acquired Harrod’s Bank in August there were three main reasons for the move; FT Alphaville reports Harrod’s had a banking license, the deal came with a $13.4mn capital injection to fund the company through to deal approval and an additional $107mn from existing investors. Source.
The UK’s financial watchdog, the Financial Conduct Authority, issued a warning to investors regarding initial coin offerings (ICOs); in particular they warned of the “high risk, speculative” nature of the new capital raising method; financial regulators worldwide have begun cracking down on ICOs in recent months, China has banned them and the SEC in the US issued a similar warning as the UK. Source
AlphaFlow has announced the launch of AlphaFlow Managed Portfolios; created by Ray Sturm, co-founder of RealtyShares, AlphaFlow has been managing real estate investments that allow investors to invest in loans across multiple real estate crowdfunding platforms since its launch in 2015; the introduction of the AlphaFlow Managed Portfolios is an effort to better meet the needs and demands of the firm’s investors; the new platform will provide investors with a real estate portfolio of 75 to 100 real estate loans; the portfolio will be driven by AlphaFlow Advanced Analytics and targets returns of 8% to 10% with a 1% fee on assets under management. Source
Here are the most read news stories from our daily newsletter today:...