Posts Tagged: disruptive finance

Blockchain Driven Investment Platform Launches in the UK

Following a record year for Initial Coin Offerings (ICOs) in 2017, two UK-based entrepreneurs have launched a new blockchain-powered platform aimed at opening up Venture Capital opportunities to a broad community of investors.   The brainchild of Baroness Michelle Mone and private equity industry Veteran Doug Barrowman, the Equi platform enables investors to back fast-growth…

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Bank of England Backtracks on Digital Currency

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…

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Open Banking Set to Boost Fintech

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…

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SMEs’ Search for the Fastest Route to Finance

SME’s Are Losing Out Leaving Cash in the Bank Small businesses are benefiting from an increase in bank approval rates, according to research from BiZ2Credit. It reports that 25 per cent of SME loan applications at large banks were approved in October.   This is an improvement from the dismal post-recession statistics when the large banks…

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First Port of Call – When to Seek Alternative Finance

Nature abhors a vacuum, so when bank lending slowed to a trickle in the wake of the global financial crisis, it was almost inevitable that new forms of business funding would emerge to address demand from SMEs for growth and working capital. In the short term, asset backed lenders – the alternative financiers of their…

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Alternative Finance Continues Its Steady March to Mainstream

  P2P (peer-to-peer) lender Zopa has announced it will partner with Saffron Building Society effectively allowing customers to apply for its loans via the Society’s 11 brick-and-mortar branches.    The new tie-up will enable borrowers to apply for a P2P loan at any of Saffron Building Society’s 11 branches across Hertfordshire, Essex and Suffolk and via Saffron’s…

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P2P Should Diversify To Survive

The peer-to-peer industry (P2P), long touted as the biggest challenge to the high street banks is still suffering growing pains.   The long-standing supply and demand problem that platforms have experienced shows no sign of abating with many of the leading players are still failing to attract enough borrowers. Zopa, the oldest P2P lender, has…

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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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