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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.

FintechNews RoundupUSA
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Automatic Savings: A Key to Financial Wellness

Over 50% of Americans can not afford an unexpected expense of $400; at LendIt USA 2017 we hosted a fireside chat focused on helping Americans save; a key area that companies look at is an individual's spending as a way to help change their behavior to save more; round up from the everyday coffee you buy or set goals through your lifestyle; each way can help individuals to better set aside money when needed, as well as invest for the future; technology today allows for companies to better help individuals who thought they were left out of the investment community; the chat also focused on why they believe as a startup they can help to solve the financial inclusion question as opposed to the incumbent banks; the discussion also touched on the future of their businesses, current partnerships with top consumer brands and potential add ons for their current product offerings. Source

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News RoundupOnline LendingUSA
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Prosper Performance Data for January 2017

In January, Prosper began using its new PMI7 credit underwriting model; Prosper expects PMI7 to help improve returns and credit scoring metrics; the estimated return on loans issued for January is 7.86%; post-charge off recoveries have been higher than estimated which is expected to increase IRR calculations; delinquencies and pre-payments are also improving; the average coupon increased 300 bps in January to 15.99% as PMI7 caused an increase in higher risk loans.  Source

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EuropeNews RoundupOnline Lending
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Ranger Direct Lending Fund Plans for More Share Issuances

The Ranger Direct Lending Fund has reported plans for share issuance totaling 200 million British pounds through 2017; the Fund currently has a 40 million British pound issuance planned for December; it also raised 30 million British pounds in July and 23.2 million British pounds in November of 2016; according to a statement from Ranger Direct Lending, "The company believes that debt instruments originated or issued by direct lending platforms are an attractive and growing asset class that have the potential to provide higher returns for investors than other, more widely available, fixed income products."; growth from the asset class and potential returns are factors driving the new issuances.  Source

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EuropeFintechNews Roundup
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Revolut Launches Travel Insurance

Banking alternative Revolut is launching international medical and dental insurance for £1 a day; the company is using your phone’s location to automatically turn insurance on and off; there is a limit to the service if you are one to travel for months at a time but you can pay up front for the service annually; the company partners with Thomas Cook Money for their insurance product. Source.

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