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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.


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FintechNews RoundupUSA
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Affirm’s Focus on Marketing

While on the surface Affirm’s business may appear to be focused on lending and payments, the company can also help merchants in marketing; the company has large amounts of data on who is buying products, what they are buying and where they are buying; with this information they plan to offer their merchants more services in the future; Tearsheet shares more on Affirm’s plans. Source

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FintechNews RoundupUSA
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Affirm’s Max Levchin Shares Story About Start of PayPal

While speaking on Business Insider’s podcast “Success! How I Did It” Affirm CEO Max Levchin shared the story about how he started PayPal; Levchin moved out to Silicon Valley after starting a business that didn’t succeed and was sleeping on his friend’s floor; he saw Peter Thiel deliver a lecture and stayed after to chat with the then hedge fund manager; they met the next morning for breakfast and Thiel liked one of his two ideas, he decided to invest and that was the company that became PayPal. Source.

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News RoundupOnline Lending
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Afluenta Signs Agreement for Support on Green Loans

Latin American online lender Afluenta has obtained the support of the Multilateral Investment Fund, an innovation lab of the Inter-American Development Bank, for development of a green loans product; the lender will provide the loans to individuals and businesses seeking financing for renewable energy equipment, energy-efficient appliances and other green energy related purchases; the development process for the green loans will include customized credit underwriting for energy efficient loans and borrowers.  Source

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FintechNews Roundup
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African Central Banks Hurt Innovation Development

The head of the UN economic agency says that central banks in Africa are failing to understand the power of banking innovation; less than a third of people in sub-Saharan Africa have access to the financial system; certain countries like Kenya have seen wide adoption of services like mobile money, but then crossing into Nigeria the same service can be used by 1 percent of people; Telcos have really taken the lead on the continent to help bring access, but central banks are still regulating banks through the lens of traditional banks; regulators are starting to learn and enthusiasm for new ideas is increasing. Source.

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News RoundupOnline LendingUSA
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After the Loan: Continuous Monitoring of the Consumer

Originating the loan to a borrower is just the beginning; at LendIt USA 2017 we hosted a presentation by Envestnet | Yodlee on monitoring the consumer after the loan; key items to focus on include: monitoring the lending relationship and data analysis of the borrower, ensuring you have the best data for a specific borrower, are credit data and scores enough or should you look to alternative data sources, what alternative data and details do you focus on to make sure you are making the right decision, and how do changes to income and employment effect the borrower status; focusing on the details is key, making sure you understand the different borrowers and the data points that affect them the most. Source

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