Tag: P2P Lending
AlliedCrowds prepares for P2P platform AlliedExchange launch
This proposed platform will use P2P lending technology to present a range of sub-Saharan Africa loans to both retail and institutional investors. Read more: www.crowdfundinsider.com
Some UK P2P lenders are buying each other’s loans
The FCA released a new report on regulation of P2P lenders and crowdfunding platforms on Friday suggesting tighter regulation amid concerns. Read more: uk.businessinsider.com
UK moves to protect alt-lending investors
While the FCA requires these alternative lending platforms to be “clear, fair and not misleading” for investors, this doesn’t always happen, the agency said. Read more: www.pymnts.com
Local alternative lending is enabling growth outside the city
The UK’s major banks are required to refer the businesses they turn down for a loan to an alternative provider, for example P2P platform, Folk2Folk. Read more: www.cityam.com
P2P lender Folk2Folk gains full FCA authorisation
Folk2Folk will be able to offer the innovative finance individual savings account (IFISA) to customers, subject to the HM Revenue and Customs approval. Read more: www.bankingtech.com
Why most P2P lenders have not yet offered IFISAs
After many months of the new Innovative Finance ISA being approved there are only several leading P2P lenders participating in the savings program. Read more: www.crowdfundinsider.com
P2P lending, a new form of financial inclusion
P2P lending offers many advantages, like its flexibility, which allows it to channel capital to virtually anyone, in any amount, effectively, at low interest rates. read more: www.thejakartapost.com
FinTech Zopa is launching a bank
Zopa, the London-fintech credited with inventing P2P lending, is launching a challenger bank to enhance their market-lending business. Read more: www.uk.businessinsider.com
Will P2P lending disrupt the banks?
In a P2P transaction, money flows from lenders directly to borrowers through the platform, bypassing the traditional banking channel. Read more: www.blogs.cfainstitute.org
Crowdo gets licence for P2P lending and equity crowdfunding
Crowdohas received its CMS licence from the MAS for securities crowdfunding to deliver both peer-to-peer and equity crowdfunding. Read more: www.dealstreetasia.com