Please call to discuss with a member of the team 0203 141 9040
The UK’s central Bank has dropped any plans to launch its own digital currency but has said it will continue to research the proposition. The decision to ditch a digital currency in the short-term is thought to be anchored by concerns about the impact of such a currency on the global financial system. The…
Read More
A new study from an independent senior recruitment specialist firm, Tindall Perry, reveals that 74 per cent of finance directors describe their knowledge of alternative finance as average or above, yet only a quarter of them were comfortable accessing crowdfunding or peer-to-peer lending. Over 83 per cent of finance directors approach their bank first…
Read More
Peer-to-peer lenders are preparing for another year of record levels of funding for SMEs (Small and medium-sized enterprises) in 2018. January has seen a profusion of announcements from lenders about new products, platforms and some lenders are revamping their brand in a bid to become the go-to lender for SMEs seeking loans as competition in…
Read More
The UK’s alternative finance industry is experiencing a period of retrenchment as major players pull back from unsecured lending. While some analysts see this as a positive step to lenders focusing in on their specialist or niche sectors, this doesn’t help the UK’s 5.7 million small businesses, many of whom have no other option than…
Read More
Platform-based lending has undoubtedly opened up the UK’s corporate finance market. Five years ago, a small company seeking debt funding would have – almost by default – gravitated towards one or more High Street banks, or perhaps a specialist business lender, recommended by a broker.…
Read More
2018 is only a few days old but already the UK’s financial services industry is getting to grips with not one, but two major changes in the regulatory landscape. The headline grabber – which came into force on January 3 – is MiFID II, a European Union directive aimed at offering greater protection to…
Read More
New Open Banking rules are set to boost the UK’s fintech sector.From January 13, 2018 new rules come into force meaning that all of Britain’s banks will be required to make customer account data available to approved rivals. If Open Banking proves a success, it could mean a wider range of financial services for…
Read More
New figures released from MarketInvoice show that 62 per cent of small and medium sized enterprise (SME) invoices were paid late in 2017. This evidence comes despite Government measures introduced earlier this year to try to change the UK’s late payment culture. The scheme announced in January, by the Department for Business, Energy & Industrial…
Read More
A new survey from Barclaycard reveals that 11 per cent of business owners have considered giving up their business as a result of a challenging cashflow problem. These issues keep 63 per cent of entrepreneurs awake at night, with a third admitting that insufficient working capital has stunted their growth plans. With combined turnover…
Read More
The Cambridge Centre for Alternative Finance (CCAF) has published new data which shows the UK’s alternative finance market grew by 43 percent in 2016, and researchers are pointing to startups and small businesses as the key driver for that expansion. Last year, £4.6 billion was raised through alternative channels, up from £3.2 billion in…
Read More