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Peer2Peer Finance News | August 16, 2017

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AI savings platform launches £700,000 crowdfunding campaign

July 3, 2017 |

AN ARTIFICIAL intelligence platform that has partnered with RateSetter to help people save and invest is looking to raise £700,000 through crowdfunding.

The fintech firm, Plum, has launched a crowdfunding campaign on Seedrs, to build its team and platform.

Plum … Read More

How rising inflation will impact small businesses

June 16, 2017 |

Everybody knows that rising inflation means an increase in the cost of living. But not everyone realises that the effect on small- and medium-sized enterprises (SMEs) can be much more severe.

Earlier this week, it was announced that the Consumer … Read More

Banks boost digital capabilities with new fintech hubs

June 15, 2017 |

BARCLAYS opened the largest co-working fintech space in Europe last month, underlining an increasing trend of banks moving into technology.

Rise London is based in Shoreditch and encompasses 30,000 square feet of office space over seven floors.

It will support … Read More

SMEs feel the pinch as inflation soars

April 5, 2017 |

UK SMALL businesses have seen their basic costs soar by 3.2 per cent over the past year, but 59 per cent have not prepared for inflationary pressures, Barclays research has found.

The small business cost index, created by the high-street … Read More

Banks bite back

February 7, 2017 |

High street banks are investing in innovative technologies and developing peer-to-peer “hybrid” models, as competition with the sector heats up

TRADITIONAL lenders are ramping up investment in new technology, amid intensifying competition from P2P platforms, say industry insiders.

“The … Read More

SMEs show cautious optimism despite Brexit

January 23, 2017 |

TWO THIRDS of UK small- and medium-sized enterprises (SMEs) said their confidence in the economy has stayed the same or increased over the past year, despite concerns about Brexit.

The Barclays business sentiment survey found that 47 per cent of … Read More

4m Brits now using fee-free basic bank accounts

December 12, 2016 |

FOUR million customers are now using fee-free basic bank accounts, following a government initiative to help Brits with bad credit scores.

The UK’s nine biggest retail banks are providing the no-frills, no-overdraft accounts, which mean consumers who might have … Read More

Fintech firms urged to sign up to Women in Finance Charter

November 8, 2016 |

THE GOVERNMENT has called for more fintech firms to sign up to its Women in Finance Charter, as it announced that almost 100 financial services firms have joined the gender equality initiative.

It said on Tuesday that 22 more firms have pledged to … Read More

Government referral scheme faces competition from NatWest

November 1, 2016 |

THE THREE aggregator platforms chosen for the government’s bank referral scheme will have competition in sourcing alternative finance for small businesses, as NatWest’s own referral initiative enters its full launch phase.

The high street lender, which is owned by … Read More

New referral scheme gives P2P lenders access to more borrowers

November 1, 2016 |

PEER-TO-PEER finance platforms will have access to thousands more businesses seeking loans, thanks to a new bank referral scheme that launches today.

Under the government initiative, nine of the UK’s biggest banks will pass on the details of small businesses … Read More