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Peer2Peer Finance News | December 17, 2018

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Posts By Suzie Neuwirth

Victory Park Capital fund’s chair steps down for health reasons

December 14, 2018 |

THE CHAIRMAN of VPC Specialty Lending Investments (VSL) has stepped down temporarily for health reasons.

A stock market update on Friday from the alternative finance-focused investment fund said Andrew Adcock was stepping aside “with immediate effect due to health reasons” … Read More

Equifax launches new analytics product in the UK

December 13, 2018 |

EQUIFAX has launched a new data and analytics product in the UK which can help fintechs gain greater insight into their customers, products and industry.

The credit reporting agency is now offering its Equifax Ignite solution to the UK market, … Read More

Funding Circle’s chief risk officer confident in global outlook

December 13, 2018 |

FUNDING Circle’s chief risk officer has underlined his confidence in the economic environment for small businesses in the peer-to-peer lender’s four markets, but noted that rising consumer insolvencies in the UK had trickled through into some of its loans.

Jerome … Read More

Sancus tightens credit processes amid no-deal Brexit fears

December 12, 2018 |

SANCUS BMS has prepared itself for a no-deal Brexit and tightened its credit processes to protect itself from a market slowdown, its chief executive has said.

Sancus BMS, which comprises the peer-to-peer lenders Sancus Finance and Sancus Funding, sent out … Read More

Credit conditions increasingly challenging for borrowers, warns S&P

December 6, 2018 |

CREDIT conditions are tightening across the world due to trade tensions, higher borrowing costs and signs of a slowdown in economic growth, according to a new report from Standard & Poor’s.

The ratings agency has warned that “the risk of … Read More

Funding Circle among winners of Open Banking competition

December 6, 2018 |

FUNDING Circle has been named as one of the winners of the Open Up Challenge, a prize fund for fintechs that have used Open Banking to tackle problems faced by small businesses.

The competition is run by global innovation foundation … Read More

Funding Circle on hunt for property finance expert to boost broker network

December 3, 2018 |

FUNDING Circle is looking to build relationships with commercial property finance brokers in order to find new borrowers for its unsecured business loans product.

The peer-to-peer lending giant is currently advertising for a property finance expert to take on the … Read More

P2PGI’s NAV improves in October

November 30, 2018 |

P2P GLOBAL Investments saw an improvement in its monthly net asset value (NAV) in October and said it is making “strong progress” in transitioning its portfolio.

The alternative finance-focused fund reported a monthly NAV return of 0.52 per cent, up … Read More

Consumer credit cools while mortgage approvals hit 9-month high

November 29, 2018 |

GROWTH in consumer credit slowed in October, while mortgage approvals hit a nine-month high, according to new Bank of England data.

The net amount of new consumer borrowing, excluding mortgages, came in at £0.9bn in October. This equated to a … Read More

Funding Circle launches Android app

November 29, 2018 |

FUNDING Circle has launched an Android mobile app for its investors.

The peer-to-peer business lender said that the new app went live on Thursday and can be downloaded free from the Google Play store.

“The Android app will allow you … Read More