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Peer2Peer Finance News | December 17, 2018

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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

ETHLend in talks to provide crypto software to UK P2P lenders

December 14, 2018 |

ETHLEND is in talks with peer-to-peer lending platforms in the UK about providing technology that will enable them to offer crypto-backed finance.

The crypto P2P lender – which lets borrowers request loan amounts and post other digital currencies as collateral … Read More

Zopa co-founder Giles Andrews to chair board of European direct lender

December 14, 2018 |

ZOPA co-founder Giles Andrews (pictured) has been named chair of European direct lending firm Dynamic Credit’s supervisory board.

The board will have three members and serves to strengthen the corporate governance of Dynamic Credit Group (DCG), which comprises of asset … Read More

Draft Brexit deal would expose NI fintech sector to “unnecessary risk”

December 13, 2018 |

THE DRAFT agreement on EU withdrawal will leave Northern Ireland’s rapidly growing fintech sector exposed to “unnecessary risk,” an industry expert has warned.

Peter Oakes, founder of trade body Fintech Ireland, said that the draft terms of the EU Withdrawal … 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

RateSetter dips toe into Open Banking

December 13, 2018 |

RATESETTER is trialling several partners to help it tap into the opportunities presented by Open Banking.

Michael Hoare (pictured), head of credit at the ‘big three’ peer-to-peer lender, said that the platform is working with “a couple of different” parties, … 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

Growth Street makes two new hires to support growth plans

December 12, 2018 |

GROWTH Street has bolstered its business development team, to help it achieve “significant growth” in 2019.

The peer-to-peer business lender said on Wednesday that Rob Kelly (pictured) has been appointed as head of sales for the South of England and Rhys Price … Read More

P2PFA member lending exceeds £10bn

December 12, 2018 |

PEER-TO-PEER Finance Association (P2PFA) platforms have cumulatively lent out more than £10bn, according to the trade body’s latest data.

The biggest growth came from lending to small businesses, the quarterly figures revealed.

Read more: P2PFA associate TLT names Andrew Lyon as … Read More