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Peer2Peer Finance News | September 23, 2017

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Global News

Fintech a priority for European Commission in supervision reforms

September 21, 2017 |

THE EUROPEAN Commission has promised to “prioritise fintech” in its proposals to revamp its financial supervision strategy.

According to the Commission, the reforms will lead to further financial integration and a full Capital Markets Union, promoting jobs, growth and investments … Read More

FCA signs Hong Kong partnership to support fintech innovation

September 21, 2017 |

THE FINANCIAL Conduct Authority (FCA) has entered into a “co-operation agreement” with the Hong Kong Insurance Authority (IA), in a move which both parties say will help support innovation among fintech firms.

As part of the agreement, both bodies will … Read More

EstateGuru hits €30m lending milestone after record month

September 13, 2017 |

ESTATEGURU has hit the €30m (£27m) lending milestone, thanks to a record month in August.

The platform, which specialises in financing secured property loans in the three Baltic states but is open to UK investors, funded nearly €4m in August … Read More

Fintech helps London hold on to financial centre crown

September 11, 2017 |

FINTECH is helping London maintain its place as the world’s top financial centre despite Brexit uncertainty, a new report suggests.

The Global Financial Centres Index (GFCI), compiled by think tank Z/Yen each March and September, measures financial centres based on … Read More

Car finance drives P2P growth in Australia

August 29, 2017 |

CAR finance is one of the driving forces behind the growth of peer-to-peer lending among brokers in Australia.

According to new research from RateSetter’s Australian business, one fifth (20 per cent) of all broker-led loans on the platform are used … Read More

TWINO bolsters Russian business with second originator

August 24, 2017 |

TWINO has added a second Russian originator onto its platform, following an initial launch in the country in December last year.

Since then, more than 40 per cent of the peer-to-peer consumer lender’s investors have funded Russian loans, earning an … Read More

LendingClub shakes off governance troubles with loanbook and revenue boost

August 8, 2017 |

US PEER-TO-PEER giant LendingClub seems to have shaken off the corporate governance scandal that hit the platform last year as it saw its loan book grow 10 per cent in the second quarter.

LendingClub reported that loan originations for the … Read More

European loan sales to hit record high of £115bn by end of 2017

July 28, 2017 |

SALES of European loans are on course to meet a record high of €128.5bn (£115.19bn) by the end of 2017, surpassing 2016’s total of €103.3bn.

According to new research from Deloitte, €42bn worth of deals were completed in Europe in … Read More

Global index for crowdfunding and marketplace finance launches

July 25, 2017 |

A NEW index tracking global crowdfunding and marketplace finance trends has launched, with the aim of becoming the main barometer for alternative finance.

The Crowdfunding and Marketplace Finance Index (CAMFI) was created in a partnership between Cambridge-based intelligence firm TAB, … Read More

Initiative Ireland to launch P2P property syndicate loans

July 19, 2017 |

AN IRISH peer-to-peer property platform aiming to help fund the construction of 250 new homes over 18 months is set for launch in September.

Founded by Padraig Rushe, Initiative Ireland is setting up syndicates of loans for P2P lenders to … Read More