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Peer2Peer Finance News | August 21, 2018

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UK needs skills revolution to counter AI job threat, warns BoE

August 20, 2018 |

THE UK needs to undergo a skills revolution to ward off the threat to job losses caused by artificial intelligence (AI), the Bank of England’s chief economist Andy Haldane has warned.

Speaking on Radio 4’s Today Programme, Haldane said that … Read More

Are you sure you’re on the right digital journey?

August 20, 2018 |

Small businesses must keep abreast of the latest digital developments to avoid being left behind, as Virgin Media Business explains

MODERN firms have never been more reliant on digital technology. But even the most tech-savvy firms can risk being left … Read More

Welendus launches third crowdfunding round

August 20, 2018 |

WELENDUS has launched a new crowdfunding round on Seedrs to raise £850,000.

The peer-to-peer short-term loans platform has already raised 95 per cent of the target privately and now has made its listing public.

It is the third Seedrs fundraising … Read More

No sign of exodus from BTL market yet

August 20, 2018 |

FEARS that regulatory and tax changes would pave the way for an exodus from the buy-to-let (BTL) market may be a little premature, according to new research.

A study commissioned by specialist lender Foundation Home Loans found that 18 per … Read More

Augmentum’s fintech fund invests £7m across three firms

August 20, 2018 |

UK-LISTED fund Augmentum Fintech has spread a £7m investment across three firms in the sector.

The investment trust has made a £3m investment in small- and medium-sized enterprise (SME) challenger bank Tide, alongside £2m in supplier payment firm Previse and … Read More

China recruits state-owned banks to save troubled P2P sector

August 17, 2018 |

FINANCIAL regulators in China have consulted with state-owned asset managers to help resolve a crisis emerging in the country’s peer-to-peer sector, according to reports.

Hundreds of P2P investors have faced issues with withdrawing funds, defaults or platform owners simply disappearing, … Read More

How P2P plugged the funding gap for small businesses

August 17, 2018 |

BEFORE the global financial crisis, banks were the lender of choice for Britain’s small businesses, and perhaps the only option they would consider.

Since then, banks have become more risk averse and are pulling back from lending in some parts … Read More

Landbay continues expansion with Midlands hire

August 17, 2018 |

LANDBAY is continuing its expansion with the appointment of Rob Stanton as a regional account manager for the Midlands.

Stanton (pictured) joins the buy-to-let mortgage lender from specialist bank Paragon, where he spent 15 years as a senior underwriter and regional … Read More

Property investors cautious despite solid returns

August 16, 2018 |

INVESTORS are cautious about putting money into property, a survey has found, despite separate research showing that the sector has been a solid investment over the last 50 years.

A poll of 1,000 investors commissioned by Rathbone Investment Management found … Read More

Specialist lending softens in June amid weaker business demand

August 16, 2018 |

ACTIVITY in the specialist lending markets softened in June, driven by a weaker appetite for business investment.

In the asset finance sector, lending volumes declined three per cent year-on-year to £3m in June, but gained five per cent year-on-year in … Read More