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Peer2Peer Finance News | June 25, 2019

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Posts By Suzie Neuwirth

Zopa finds two thirds of loan applicants are charged higher rate than advertised

June 24, 2019 |

ZOPA research has found that two thirds of loan applicants are being offered a higher rate than advertised by banks and is calling for a fairer and more transparent loan market.

The peer-to-peer consumer lender, which is launching its own … Read More

Funding Circle launches institutional fund backed by Merseyside Pension Fund

June 24, 2019 |

FUNDING Circle has launched a new fund that will enable institutional investors such as pension funds to lend to small- and medium-sized enterprises (SMEs).

As part of the launch, Merseyside Pension Fund will invest £30m in the new vehicle, which … Read More

SMEs finding it harder to access finance

June 20, 2019 |

ALMOST a third of UK small- and medium-sized enterprises (SMEs) have found it harder to access finance over the past 12 months, new research has found.

Purbeck Insurance Services commissioned a Censuswide Survey of 500 owners and directors of UK … Read More

London techies paid two thirds more than average worker in the capital

June 20, 2019 |

THE AVERAGE London tech worker’s salary rose by six per cent last year to £62,000, according to new research.

The latest annual global ‘state of salaries report’ from career marketplace Hired found that London tech workers are paid 67 per … Read More

FundingSecure moves to reassure investors on loan updates

June 19, 2019 |

FUNDINGSECURE has told investors that it focused on delivering “timely and meaningful updates on loans” as the new management team’s assessment of its loanbook comes to an end.

The peer-to-peer pawnbroker said that the senior team installed in the last … Read More

SME analytics firm CreditEnable wins place in financial inclusion competition

June 17, 2019 |

CREDITENABLE, an analytics solution for small- and medium-sized enterprise (SME) lenders and borrowers, has won a place in the Visa-backed Inclusive Fintech 50 competition.

The firm, which has offices in London and Mumbai, provides global analytics tools that enable lenders … Read More

British Business Bank appoints new chief risk officer

June 17, 2019 |

THE British Business Bank has appointed Edward O’Hara as its new chief risk officer.

He joins from The Commonwealth Trade Bank, where he served in a similar role since 2017.

O’Hara (pictured) has had an extensive career in risk and … Read More

JustUs set to launch home finance products after regulatory green light

June 7, 2019 |

JUSTUS is planning to launch residential owner-occupied mortgage products within the next three months, after a rule change came into effect this week.

In its long-awaited final rules on the sector, the Financial Conduct Authority confirmed that peer-to-peer lenders would … Read More

Does FCA authorisation help to protect investors?

June 6, 2019 |

WHEN Collateral collapsed at the end of February 2018, it quickly emerged that the peer-to-peer lender had been operating without the correct regulatory permissions.

“The company was operating in the belief that it was authorised and regulated by the Financial … Read More

UK P2P sector poised for “significant further growth”

June 5, 2019 |

THE UK’S peer-to-peer lending sector is set to experience “significant further growth”, according to Standard & Poor’s.

A report released by the ratings agency this week said that the growing involvement of institutional funds and increased securitisation issuance are set … Read More