Industry News

Peer-To-Peer Lending Is in Good Health

The peer-to-peer (P2P) lending sector is seeing more and more money finding its way into the industry and according to AltFi’s David Stevenson “Overall the sector is in good health.”   Across the pond, the US marketplace lending space also appears to have emerged from its year-long malaise. With the industry leading platform Prosper, announcing significant…

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FCA Set to Toughen-Up on P2P Lenders

  The Financial Conduct Authority (FCA) has been consulting on further regulation of the peer-to-peer (P2P) sector since it found evidence last year of “consumer detriment” in the way companies match end investors with companies and individuals seeking loans.  The FCA’s full review of the P2P industry, which is expected to be released in early autumn,…

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A Shift in the Small Business Lending Landscape

  Speculation is ripe in the lending industry that Goldman Sachs may be entering the small and medium sized enterprise (SME) lending market. Last October, when the age old investment bank, launched its online lender Marcus, a fixed-rate personal loans program, it hinted at potentially pursuing the regular retail market.     In July, Goldman…

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Fintech Investment at Its Highest Ever Level

The streak of historically high levels of fintech investment continues in several industries and prominently in the alternative finance industry as news breaks that the UK’s payments start-up, TransferWise, has reportedly started negotiations for a new funding round. According to reports the company which now sees more than £1 billion transferred on its app each…

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British Business Bank Reports Significant Expansion

The British Business Bank (BBB) has revealed its latest annual report and accounts and is celebrating a third consecutive year of steady returns. Overall, the Bank reported an operating profit of £49.8 million for 2016/17, with a total of £9.2 billion provided across all its small and medium sized enterprise (SME) projects. The bank says…

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Peer-to-peer lending surpasses the £10 billion milestone

According to Orca Money, the independent data, research, and analysis provider of peer-to-peer (P2P) lending market data, the P2P lending industry has now surpassed £10 billion of lending.   The world’s first P2P platform, Zopa, launched in 2005 and since then the industry has grown to over 23 P2P platforms in the UK alone. According to…

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Universal Borrowing Price Comparison Gets Closer

  Last year the Competition & Markets Authority (CMA) issued a directive to small and medium-sized enterprises (SME) lenders to advertise their products with an annual percentage rate (APR) to show more clearly the cost of the borrowing. This proposal is to take effect from August and was mandated to allow clear comparison of products…

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Peer-To-Peer Lenders Can’t Find Enough Borrowers

Disruptive innovations are reshaping the way financial services are structured, provisioned and consumed and peer-to-peer lending platforms know that their investment in technology is their advantage over traditional players.   Matching lenders and borrowers via a seamless, transparent, user-friendly interface is vital but many platforms have focused primarily on the investor side of things and…

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Navigating Alternatives With The Route – Finance

  Until very recently, anyone looking for a business loan would have automatically turned to their bank, but this conventional route to finance is no longer the only source of funding for SMEs. The emergence of the alternative finance industry has transformed the way small and medium-sized businesses access capital.   The fintech phenomenon sometimes…

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Alternative Finance Firms Makeup 20% of 2017s FinTech50

The latest FinTech50 list is out, and alternative finance providers and digital banks account for a fifth of its constituents. RateSetter, MarketInvoice and LendInvest have made this year’s list, while Funding Circle and Zopa have been awarded a place in the Fintech50 Hall of Fame.   Alongside P2P platforms Zopa and Funding Circle, other entrants…

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