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Peer2Peer Finance News | May 22, 2018

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Digital transformation creating risks in financial services

May 21, 2018 |

DIGITAL transformation is creating new risks within the financial services industry, new research claims.

Adopting new technologies, including artificial intelligence (AI) and machine learning, cloud computing and distributed ledger technology (DLT), will enable the financial services sector to significantly reduce … Read More

Honeycomb NAV soars after share sale

May 21, 2018 |

HONEYCOMB Investment Trust, the alternative finance-focused fund, increased its net asset value (NAV) return to 0.88 per cent in April.

The figure, stated under IFRS 9 reporting standards which take into account bad loans, is an improvement from 0.72 per … Read More

Young entrepreneurs leading scale-up growth

May 21, 2018 |

YOUNG entrepreneurs are taking the lead as the number of scale-up businesses in the UK continues to grow, according to new research.

The number of start-up businesses that are successfully scaling up increased by 12 per cent in 2016, according … Read More

RateSetter Australia extends green deal

May 21, 2018 |

RATESETTER Australia has announced an 18-month extension to its  green loan marketplace.

The UK peer-to-peer lender’s Australian subsidiary is working with the Australian government’s Clean Energy Finance Corporation (CEFC) to bring clean energy borrowers and investors together.

The marketplace was … Read More

The highest paying P2P property IFISAs of 2018/19

May 21, 2018 |

PEER-TO-PEER property platforms are rapidly overtaking non-property platforms in terms of the returns available. And when these returns are invested within an Innovative Finance ISA (IFISA) wrapper, they can quickly mount up.

Many platforms are now offering double-digit returns as … Read More

P2P lender urges social media firms to allow crypto ads

May 18, 2018 |

A BAN on cryptocurrency adverts will do more harm than good, a crypto-backed peer-to-peer lender has warned.

Lendingblock, which lets individuals lend in a range of digital currencies such as Bitcoin, Ethereum and Ripple, said rather than Google, Facebook and … Read More

4th Way highlights how to spot a fraudulent P2P lender

May 18, 2018 |

POOR-QUALITY websites and high-pressure sales tactics could be signs of a fraudulent or negligent peer-to-peer lending website, 4th Way claims.

The P2P analysis firm has unveiled a list of checks for investors to spot potential discrepancies and issues with a … Read More

Ablrate takes equity stake in Huddle

May 18, 2018 |

ABLRATE has taken an equity stake in fellow peer-to-peer lender Huddle, as part of a wider strategic partnership between the two platforms.

Asset-backed lender Ablrate has worked with Huddle since the latter’s launch in April 2017, providing its technology and … Read More

University business hub launches fintech start-up programme

May 17, 2018 |

BUSINESS incubator SETsquared has launched a new programme for fintech start-ups to access the knowledge and resources of five universities backing the hub.

The scale-up programme is supported by Bath, Bristol, Exeter, Southampton and Surrey universities and offers mentoring, access … Read More

Chancellor appoints fintech envoys for Wales and Northern Ireland

May 17, 2018 |

FINTECH envoys have been appointed for Wales and Northern Ireland, to help the sector flourish after Brexit.

Richard Theo, co-founder and chief executive of Wealthify, has been named fintech envoy for Wales, while Georgina O’Leary, director of innovation, research and … Read More