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Peer2Peer Finance News | October 23, 2017

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The House Crowd boss laments loss of “first mover advantage” amid regulation delays

October 23, 2017 |

THE HOUSE Crowd founder Frazer Fearnhead has expressed his frustration at the regulatory process after being told the platform’s peer-to-peer permissions are ready but the Financial Conduct Authority (FCA) is still looking at the crowdfunding side of the business.

Fearnhead, … Read More

FCA’s regulatory sandbox is helping fintech grow

October 20, 2017 |

INVESTORS are more likely to feel comfortable backing fintech companies if there is an element of regulation, the Financial Conduct Authority (FCA) claims.

The City watchdog released an update on Friday on the progress of its regulatory sandbox which allows … Read More

ThinCats makes senior hire to boost loan origination in the Midlands

October 20, 2017 |

THINCATS has unveiled its first senior hire since announcing a £200m funding programme to scale up its business lending.

The peer-to-peer finance platform, which is majority-owned by institutional fund manager ESF Capital, said on Friday that Rav Bagri will join … Read More

Cash ISA savers left £4bn short by inflation

October 20, 2017 |

LOW cash ISA rates and high inflation have left UK savers £3.81bn short, research claims.

Investing platform Willis Owen claims the £270bn held in cash ISAs would be worth £273.5bn based on the average rate in September of 1.013 per … Read More

IFISA investments ‘to take off’ in 2018

October 19, 2017 |

2018 MAY be the year in which the Innovative Finance ISA (IFISA) finally takes off, an industry expert has suggested.

Neil Faulkner, chief executive and founder of peer-to-peer analysis firm 4th Way, noted that the small platforms that have already … Read More

Lendy has repaid £100m to investors this year

October 19, 2017 |

LENDY has announced that it has returned £100m to investors over the last year alone, as it celebrates its fifth birthday this week.

The peer-to-peer property platform said on Thursday that this was a 120 per cent year-on-year increase and that … Read More

24th World Islamic Banking Conference

October 19, 2017 |

24th World Islamic Banking Conference

Date: 4,5 & 6 December 2017

Venue: ART Rotana Hotel, Amwaj Islands, Kingdom of Bahrain

Convened by leading financial intelligence platform Middle East Global Advisors in strategic partnership with the Central Bank of Bahrain, the 24th World Islamic Banking Conference, will take shape … Read More

P2P auto-lending is risking investor ethics and returns

October 19, 2017 |

THE MOVE towards auto-lending among some peer-to-peer platforms may limit interest rates and be a stumbling block for investors worried about the type of businesses they lend to, a European automated P2P firm has said.

Despite being automated itself, Latvia-based … Read More

Record-breaking year for fintech investment

October 19, 2017 |

THE LEVEL of investment into fintech firms in the UK is set to hit a new record in 2017, new research has suggested.

Data from London & Partners and Pitchfork found that so far this year more than $1bn (£760m) has … Read More

First Direct partners with Bud on new ‘marketplace banking’ app

October 19, 2017 |

AS FINTECH-BANK collaboration gathers pace, First Direct has announced that it has partnered with Bud on a new ‘marketplace banking’ app.

The HSBC-owned retail bank said on Thursday that the trial product will enable people to link accounts from all … Read More