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Peer2Peer Finance News | August 21, 2018

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Open Banking

Five ways P2P lenders can capitalise on Open Banking

August 14, 2018 |

THE POTENTIAL of Open Banking is both huge and largely untapped so the onus is on peer-to-peer lenders to capitalise on it in order to attract new customers, give more services to existing customers and grow their businesses.

The Open … Read More

Lenders gear up for Open Banking revolution

August 8, 2018 |

MORE peer-to-peer lenders have revealed how they propose to capitalise on the opportunities presented by Open Banking.

David Bradley-Ward, chief executive of Ablrate, told Peer2Peer Finance News the secured business lender wants to automate some of the functions that are … Read More

Fintech investment already ahead of 2017 levels

July 31, 2018 |

GLOBAL investment in fintech has already surpassed 2017 figures and the UK is still attracting funds despite Brexit concerns, KPMG claims.

The consultancy’s Pulse of Fintech report found $57.9bn (£44bn) has been invested across 875 fintech deals in the first … Read More

Zopa says its customers have welcomed Open Banking

July 12, 2018 |

ZOPA’S early foray into Open Banking has already been successful, with over 50 per cent of its potential borrowers who need to verify their income embracing the new data-sharing initiative.

The peer-to-peer consumer lender launched an income verification tool in … Read More

Plum uses Open Banking to integrate challenger bank accounts

July 11, 2018 |

MONEY management chatbot Plum has partnered with application programming interface (API) provider TrueLayer to use Open Banking to help people integrate their Monzo and Starling Bank accounts.

Plum connects to UK current accounts and monitors spending patterns, setting aside an amount of … Read More

Equifax Open Banking alliance to smooth loan applications

July 9, 2018 |

CREDIT reporting agency Equifax is partnering with Open Banking platform consents.online to streamline the loan application process.

Equifax is working with consents.online’s data analytics platform, AccountScore, which specialises in transaction data analytics for consumer and business lending.

The partnership will … Read More

New report reveals how lenders can best attract customers via Open Banking

July 2, 2018 |

MONEY-SAVING product recommendations are the best way for lenders to capitalise on Open Banking, new research has revealed.

A study from Equifax found that 40 per cent of Brits who are willing to share their bank transaction data with a new … Read More

PwC: Open Banking is £7.2bn revenue opportunity, but more disruption is needed

June 28, 2018 |

OPEN Banking could become a £7.2bn revenue opportunity by 2022 but there is still work to do on awareness, PwC claims.

A report from the consultancy firm, titled ‘How to Seize the Open Banking Opportunity’, found that the use of application … Read More

Funding Circle one of 12 finalists in UK fintech challenge

June 21, 2018 |

FUNDING Circle has been named one of 12 finalists in a nationwide fintech competition targeting small business banking.

Run by Nesta, the UK’s innovation foundation, the finalists will participate in the last phase of the Open Up Challenge – a … Read More

Leading the way

June 8, 2018 |

Imran Gulamhuseinwala, global head of fintech at EY and implementation trustee of Open Banking, tells Peer2Peer Finance News why the new data-sharing rules are set to change the face of financial services…

SINCE its fifteen minutes of fame back around … Read More