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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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Seed Tries to Change Deposit Accounts for Small Businesses

Seed offers small businesses of all stripes the ability to open an account in less than 5 minutes on their website or mobile app; they now offer banks software to help them digitize account openings; they are one of a handful of fintech companies offering banks a white label solution to increase small business deposits; Seed comes with KYC procedures but has the ability to adapt to the bank as they know banks need customization. Source.

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FinanceNews RoundupUSA
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BBVA Compass and Opportunity Finance Network to Train Community Lending Leaders

BBVA Compass and the Opportunity Finance Network are teaming up to identify and increase training for 25 leaders in community lending through an Opportunity Fellows Program; BBVA Compass is a leading banking franchise with 668 branches mainly in the US sunbelt; Opportunity Finance Network is an association of community development financial institutions (CDFIs); the chosen Fellows will receive six days of training through early 2017 on themes including financial innovation and financial inclusion; applications open mid-November 2016; cost is not specified but appears to be complimentary or highly-subsidized for the leaders given the opportunity to participate.  Source

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News RoundupOnline LendingUSA
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Innovation at the Edge: Banks Transition to Hybrid Lending

Banks have been trying to understand what they will need to change to stay competitive as finance becomes more digital; the key question they try to answer is buy, build or partner; at LendIt USA 2017 we hosted a keynote fireside chat that focused on how a global cooperative bank stays innovative; digitizing their lending process to become more like a platform, understanding that fintech is more of an evolution and not a revolution, better understanding the customer's needs and offering hybrid solutions is key to staying ahead of the innovation curve. Source

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