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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A new report by PitchBook details how $11.4 billion of private investment has flowed into digital wealth management companies since 2010; investment has occurred in more than 400 deals, with venture capital investment leading the way followed by private equity; the report explains some of the main reasons for this trend as active managers failed their clients while fees have continued to rise; clients are looking for a cheaper more predictable way to manage their wealth; one of the main questions going forward is will incumbents purchase, partner or build their own solutions.  Source

Source reports on the operational costs associated with loans and how automation and artificial intelligence (AI) can help reduce those costs; automation can now replace manual processes such as credit checks, data consolidation, onboarding, loan documentation, know your customer and more; robotics and AI are also assisting in risk analysis for SMEs; additionally, machine learning solutions have also been evolving to evaluate thousands of data points from various sources; as these solutions evolve, banks too will need to integrate greater automation to stay competitive. Source