THE FINANCIAL Conduct Authority (FCA) has entered into a co-operation agreement with the Securities and Futures Commission (SFC) in Hong Kong to boost collaboration on fintech innovation. Under the agreement, the two regulators will share information and refer innovative businesses to each other that would like to operate in the other jurisdiction. The FCA works […]
LENDY has published data on arrears showing that no investor has ever lost money on the platform to date, despite over half of the 98 closed loans having been repaid after the deadline and about 15 per cent having resulted in late interest payments to investors. The peer-to-peer property platform, which recently took its lending arm Saving Stream […]
Date: Thursday 25 May Time: 8.30am to 5pm Venue: ETC Venues, 200 Aldersgate, St Paul’s, London EC1A 4HD The Great British Private Investor Summit brings private investors together with leading market experts and the people that matter in the worlds of P2P, angel investing, secondary trading, crowdfunding and early-stage venture capital. Peer2Peer Finance News readers receive […]
NEW MONEY invested through RateSetter’s platform may be matched to existing wholesale loans, the firm said on Friday. The ‘big three’ peer-to-peer lender announced in late 2016 that it was winding down its wholesale loan book as the activity may be in breach of regulations. “We no longer write new wholesale loans and existing wholesale […]
Date: 29-30 November 2017 Venue: Santa Clara Convention Center, California Blockchain Expo North America will bring together more than 1,500 people across key industries for two days of world-class content from leading brands embracing and developing cutting edge blockchain technologies. Presented in a series of top-level keynotes, interactive panel discussions and solution-based case studies with a focus on […]
GLI FINANCE has hired Aaron Le Cornu as chief operating officer to replace Russell Harte, the business turnaround expert it had brought on board to streamline its group structure last year. Le Cornu joins from Elian, where he held the role of chief financial officer and helped oversee the management buy-out of Ogier under the […]
COLLATERAL is offering a cashback incentive on a £1.683m development loan for student accommodation in Bolton, its largest facility to date. The peer-to-peer pawnbroker told Peer2Peer Finance News that the marketing tool was introduced in response to investor feedback. “The loan is much bigger than we’ve had before on our platform so we’re trying to attract […]
ASSETZ Capital is extending the deadline on its promotional interest rate hike due to “incredible” investor demand. Last month, the peer-to-peer lender bucked the sector-wide trend of falling interest rates and increased returns on its 30-day current account, due to an influx of borrowers. It gave investors from 13 April until 11 May to take advantage of 4.75 […]
LENDINVEST has completed its largest development finance deal to date, which will fund the construction of 66 new homes in West Drayton, a town set to benefit from a Crossrail station in 2019. The online mortgage lender, which is a member of the Peer-to-Peer Finance Association, has lent a total of £21m to Kearns Property […]
ZOPA, the UK’s oldest and largest peer-to-peer lender, has announced that it has been granted full authorisation by the Financial Conduct Authority (FCA). The platform has undergone a rigorous 18-month approval process since applying to the City regulator and can now apply to HMRC for ISA manager status to offer the Innovative Finance ISA (IFISA). […]
THE UK government needs to fulfil its election promises and ensure that the country’s fintech sector remains globally competitive in these uncertain times, Innovate Finance has said. The fintech trade body has called on the government and political parties to pledge that we will have an efficient visa system, immigration policy and highly-skilled domestic workforce […]
AFTER an arduous 18-month process, Zopa became the first of the ‘big three’ peer-to-peer platforms to gain full approval from the Financial Conduct Authority (FCA) on Thursday, paving the way for the launch of its Innovative Finance ISA (IFISA). The long-awaited regulatory green light is good news for the world’s oldest P2P lending platform and for […]
LANDBAY has struck two new partnerships with mortgage intermediaries, stepping up its game in the market that is now top priority on its business agenda. The buy-to-let specialist lending platform has teamed up with mortgage packager and distributor 3mc and master broker Vantage Finance to boost its intermediary network and reach a wider range of […]
ONLINE small- and medium-sized enterprise (SME) finance aggregator Funding Options is looking to raise £5m from fresh equity investment to support its expansion plans in 2017. The firm has seen strong revenue growth in recent years, in part due to the UK government’s bank referral scheme. “Our last fundraising round was in 2015, when we […]
THE UK government must set up a growth fund for the country’s small- and medium-sized enterprises (SMEs) to replace EU support, or it risks putting the sector into a “business support black hole” from 2021, the Federation of Small Businesses (FSB) has warned. The trade body called on the government to set up a new unified SME fund […]