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Peer2Peer Finance News | August 23, 2017

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Ed Pearce

Industry urges for standard default definition

April 6, 2017 |

Peer-to-peer lenders are backing calls for a standardised definition of defaults in the sector.

Although actual default rates are low, the definition of when a loan has failed is not consistent across all platforms, making it harder for investors to … Read More

MoneyThing gains FCA approval after tweaking business model

March 24, 2017 |

MONEYTHING has gained full authorisation from the City regulator after tweaking its business model, paving the way for the launch of its Innovative Finance ISA (IFISA).

“This is a significant milestone for our business and the result of just over … Read More

Lenders work to prevent autobots

March 9, 2017 |

MONEYTHING is planning to introduce velocity checks and lock outs on its peer-to-peer lending platform, to prevent autobots gaming the new and secondary market.

Ed Pearce, managing director of MoneyThing, said investors had raised issues about its new and secondary … Read More

MoneyThing to allow pre-bids on loans

March 1, 2017 |

MONEYTHING is planning to allow investors to pre-bid on its loans, to address concerns that some were missing out on opportunities.

The asset-backed peer-to-peer lender currently launches new loans at 4pm. Founder Ed Pearce said that some investors feel they are missing out if … Read More