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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.

EuropeFintechNews Roundup
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HSBC’s Robo-advisor Plans

HSBC intends to launch a new product in 2018 to address problems they see in the automated investment market; the new product is dubbed robo-advising 2.0 by Dean Butler, HSBC’s head of retail wealth; it will provide holistic financial advice and will eventually include recommendations for other products such as pensions and insurance. Source

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FintechNews RoundupUSA
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Banks Luring Tech Talent By Helping to Pay Down Student Debt

With tech companies being seen as the better destination for the millennial workforce banks are starting to look at new ways to attract younger talent; helping employees pay down student debt has become one way for banks, who might not offer the same salary range, to stay competitive; as banks look to become more digitally savvy enlisting programs like this can help to go a long way in attracting the new generation of talent. Source.

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FintechNews Roundup
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AlphaPoint and Scotiabank Announce Blockchain Trial

Blockchain technology firm AlphaPoint has partnered with Scotiabank for a successful proof of blockchain technology; the test showed significant advantages for use of blockchain with FIXML trading communication; leading features of AlphaPoint's blockchain solution for financial trading include easily integrated communication with legacy systems and throughput of thousands of events per second with sub-second confirmation times.  Source

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FintechNews Roundup
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Condor Capital Compares Robo Advisers

Condor Capital Management's Ken Schapiro analyzed the market's robo adviser offerings by opening and funding more than a dozen accounts with a similar investment profile; all portfolios included an allocation of 60% equities and 40% fixed income however each followed the robo adviser's suggestions within those two categories; the results showed one year performance ranging from 10.75% to 5.55% with international holdings and bond fund variations significantly affecting the returns.  Source

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News RoundupOnline Lending
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Forum Replay: Investor Opportunities in Non-Prime Lending

The replay for Wednesday's LendIt Forum: Investor Opportunities in Non-Prime Lending is now available; the webinar discussed the non-prime investment space including details on the profile of non-prime investors and the returns investors can expect from this category; speakers included James Zhang from NerdWallet, Aaron Peck from Monroe Capital and Tim Ranney from Clarity Services.

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FintechNews Roundup
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Brian Walter Provides Insight on Watson and IBM’s Cognitive Solutions

As the global leader in cognitive solutions, IBM's Watson is one of the top artificial intelligence offerings for financial services companies; Brian Walter is IBM's Global Leader of Watson Client Insights and Cognitive Experience for the company's Watson Financial Services Solutions group; Brian Walter gave a keynote speech on Tuesday at LendIt USA and also talked with Forbes about how artificial intelligence is changing the financial world; in his interview with Forbes he discusses the use of cognitive solutions for financial services compliance, customer service and customer acquisition; also talks about IBM's cognitive solutions for supporting banks, fintechs and developers.  Source

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