RegTech MENA Bahrain Date: 21-22 November 2017 Venue: Intercontinental Regency Hotel, Manama – Bahrain RegTech MENA, held on 21 and 22 November 2017 in Bahrain, will provide a comprehensive understanding of the drivers behind the rapid rise of RegTech, what RegTech means for financial institutions today, and how the sector is likely to develop. It […]
PEER-TO-PEER platform Sancus Finance has appointed Victoria Osgood as client manager. Osgood will be responsible for managing client accounts on the supply finance platform. She joins from HSBC where she was a senior auditor. Prior to that, Osgood has held both client management and auditing roles at Aldermore Invoice Finance and GMAC Commercial Finance. “Sancus […]
TWO THIRDS of would-be entrepreneurs have been held back from starting a business due to lack of funding, a survey claims. Research by online retailer Ebuyer, based on a poll of 2,000 adults, found 67 per cent cited a lack of money as the biggest barrier to setting up a business. Other common reasons were […]
NUCLEUS Commercial Finance has launched a new cash flow product that offers more flexibility for businesses. The alternative business lender said on Thursday that the new facility, called Business Cash Advance, is suitable for businesses that take card payments and need a cash flow boost, but have uneven cash flow. Read more: Chirag Shah on […]
First they disrupted the market, then they were regulated, and now they have the IFISA. It’s time for the peer-to-peer lending sector to embark on the next stage of its journey… May you be cursed to live in interesting times goes the old Chinese proverb, a timely warning that periods of rapid change may take […]
THE UK’S ongoing consumer debt crisis is not the fault of alternative lenders, according to the ex-regulator at the head of the Peer-to-Peer Finance Association (P2PFA). Speaking exclusively to Peer2Peer Finance News, P2PFA chair Christine Farnish (pictured) said that it was wrong to link skyrocketing levels of consumer credit with the rise of peer-to-peer lending […]
THE TREASURY Committee has announced plans to look into the level of savings among households and what would make them save more. MPs in the select committee have unveiled an inquiry into household finances that will scrutinise problematic indebtedness, inter-generational issues, lifetime financial planning, and the effectiveness of the market in providing solutions and products […]
AN ONLINE platform that automatically matches entrepreneurs with potential financial backers such as venture capital and private equity firms or angel investors is seeking public support through a crowdfunding campaign on Seedrs. Qodeo is looking to raise £220,000 through crowdfunding in return for 6.47 per cent equity. It forms part of a wider funding target […]
JUSTUS has opened its first Innovative Finance ISA (IFISA) accounts, having invited existing customers to register for the tax-free wrapper last month. The Cheshire-based peer-to-peer lender previously said that it anticipated the process from application to account opening would take two to four weeks, “given the level of anticipated demand”. Lenders that are now approved for […]
LENDINGCLUB has seen its share price plummet 20 per cent after lowering its revenue forecast and announcing a change in its approach to borrowers. The US peer-to-peer lending giant reported the highest revenue in the company’s history for the third quarter, up 34 per cent to $154m (£117m), but a conference call did little to […]
9th Mobile Money & Agent Banking Summit 2018 Date: 7 February 2018 Venue: Yangon, Myanmar The 9th Mobile Money & Agent Banking Summit 2018 will once again be the cornerstone platform and blueprint for all stakeholders to address common challenges such as the distribution networks, workforce and capacity building, inadequate physical and technological infrastructure, market readiness and evolving regulations. […]
ASSETZ Capital is looking to bolster its presence in the intermediary space as part of the next stage of its expansion. The peer-to-peer business lender has appointed Damien Druce (pictured) to lead the move as head of intermediary sales. He joins from LendInvest where he was northern business development manager, and has previously worked for […]
FINTECH funding in the UK was almost six times higher in the third quarter of 2017 than in the same quarter the year before, increasing from $120m (£91.3m) to $636m. KPMG, which published the figures using data from PitchBook, said this suggests the unease around Brexit has softened. But the quarter-on-quarter figures are less positive. […]
LENDINGCROWD has completed 33 loan deals to companies in Scotland after forming a partnership with economic development agency Scottish Enterprise a year ago. The Edinburgh-based peer-to-peer lender said the deals amounted to a total of £3m. Last October, Scottish Enterprise’s investment arm, the Scottish Enterprise Investment Bank, agreed to provide LendingCrowd with £2.75m to lend […]
MANY small businesses are turning to alternative finance options, including peer-to-peer lending, to support their growth plans in 2018, research suggests. A poll of 1,000 small business owners by payments company Worldpay found 52 per cent are concerned that traditional routes to finance, including bank loans, might not be available at the same levels in […]