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Peer2Peer Finance News | July 23, 2019

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Posts By Kathryn Gaw

Lending Works rebrands product suite

July 23, 2019 |

LENDING Works has updated its two flagship investment products with a slew of new features, in response to user demand.

Effective immediately, the peer-to-peer consumer lender’s three-year account has been renamed as the Flexible account, and it will now come … Read More

Five podcasts for P2P lending enthusiasts

July 22, 2019 |

PODCASTS have become one of the nation’s favourite sources of information and entertainment. According to Ofcom, almost six million Brits tune into a podcast every week – double the number of five years ago. And a few finance podcasts have … Read More

Treasury calls for feedback on regulatory review

July 19, 2019 |

THE TREASURY has issued a call for feedback on how effectively the UK’s financial regulators work together, as part of a long-term review into financial regulation.

The first phase of the Financial Services Future Regulatory Framework review was launched today … Read More

Assetz funds £300m in a year

July 19, 2019 |

ASSETZ Capital has reached another lending milestone by funding £300m in loans over the course of the past year.

This represents a 60 per cent increase on the previous five years combined.

Assetz Capital has now lent more than £820m … Read More

Zopa reveals UK’s favourite summer spends

July 19, 2019 |

ZOPA has revealed the top 20 treats that Brits spend their money on during the summertime, and the top scoring treat is…..chocolate.

According to Zopa’s Ice Cream Index, buying a bar of chocolate makes Britons happiest relative to price, while … Read More

Two directors leave Crowdstacker board

July 18, 2019 |

TWO OF Crowdstacker’s directors have resigned from the company’s board, leaving the peer-to-peer platform’s founder and chief executive, Karteek Patel, as the last remaining director.

Mark Bristow and Julian Turnbull were both recorded as having had their directorial appointments terminated … Read More

Fintech National Network expands with three new regional hubs

July 18, 2019 |

THREE new regional hubs have joined the Fintech National Network, marking the UK-wide expansion of the network.

Fintech Northern Ireland, Fintech Wales and Fintech West all joined the Network during its inaugural meeting in Manchester.

The Network was established by … Read More

LendingCrowd offers £50 summer bonus on ISA transfers

July 18, 2019 |

LENDINGCROWD has launched a summer-long cashback scheme designed to encourage more ISA transfers.

Until 31 August, the peer-to-peer platform is offering £50 to every investor who transfers at least £5,000 into a LendingCrowd Innovative Finance ISA (IFISA) from another ISA … Read More

Money talks

July 18, 2019 |

2019 IS SHAPING UP TO become the year of the institutional investor. Over the past few months, hundreds of millions of pounds has flooded into UK-based peer-to-peer platforms from a variety of global institutions, all seeking to access the competitive … Read More

What will the appropriateness test actually look like?

July 17, 2019 |

IT’S OFFICIAL – the Financial Conduct Authority (FCA) will soon make it mandatory for all peer-to-peer platforms to introduce an “appropriateness test” for new investors.

The purpose of the test will be to weed out any unsuitable lenders, and any … Read More