According to a recent Smart Money People survey, smartphone apps have surpassed...
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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During the week I share the latest marketplace lending news on Twitter...
UK based fintech firms helped push technology investment in the UK to all time highs in 2017; fintech firms accounted for almost half of the £3bn invested; leading fintech firms TransferWise, Funding Circle and Monzo helped push the investment number as they all raised significant rounds; Eileen Burbidge, Partner at Passion Capital, tells AltFi, “"It's a testament to our exceptional entrepreneurs that the UK tech sector continues to produce companies that are leading in the development of cutting edge technologies such as artificial intelligence and fintech.” Source.
The Federal Reserve is making changes to the asset cap on Wells...
Lend Academy reviews a session on applying blockchain to real estate after attending MIPIM, the world's largest conference dedicated to real estate; one company helping run a pilot is velox.RE; company is working with Chicago's Cook County on a program for transferring and tracking property titles as well as filing liens; the three perceived benefits are: a permanent, immutable public record that is immune to well-funded nation-state attacks, a path towards paperless land transfers and so-called "e-deeds" and reduced costs for offices across the country that want to upgrade electronic document processing systems; other applications for blockchain in real estate include tracking property ownership in emerging markets, real estate crowdfunding and tracking/transferring solar energy. Source
The UK's National Association of Commercial Finance Brokers (NACFB) has lifted insurance restrictions for its brokers; it will now provide insurance coverage to its brokers for all P2P loans; "Peer-to-peer lending is booming and it's fantastic that our members can now use it as much as they like, safe in the knowledge that they enjoy protection arranged by NACFB Insurance Services," said Paul Goodman, NACFB chairman. Source
A travesty of today’s financial system is how easy it is to...
The peer to peer lender is currently raising £1 million, having already...
The service from Whitepages Pro can add another layer to identity verification for online lenders; it provides lenders with analysis of a potential borrower's associated phone number, email, mailing address and business name; Whitepages CEO Rob Eleveld says the service gives lenders a broad profile of the borrower which in most cases is difficult to fraudulently create; it can also be accessed through APIs which makes connecting to the service easy for lenders. Source
Monzo has 200,000 people using its salary advance feature UK SMEs chasing...