Image Image Image Image Image Image Image Image Image Image

Peer2Peer Finance News | November 22, 2017

Scroll to top

Top

FCA

Fintech ‘must not lessen consumer protection’

November 6, 2017 |

FINTECH is creating more efficient ways of borrowing and investing, but this must not be at the expense of consumer protection, the Financial Conduct Authority (FCA) has suggested.

The comments form part of the City regulator’s ‘Mission’, a series of … Read More

ArchOver reaches £50m lending landmark

November 6, 2017 |

ARCHOVER has passed the £50m lending milestone, with no defaults or late payments since it started in 2013.

The peer-to-peer business lender said it has facilitated more than £51m of funding for UK businesses to date, offering average returns to … Read More

Investor money covered by Zopa’s Safeguard fund falls to quarter of loanbook

October 30, 2017 |

THE AMOUNT of investor money covered by Zopa’s provision fund has fallen from almost half to just a quarter in less than six months.

The peer-to-peer lender announced in May that it would be winding down its Safeguard fund to … Read More

Less complaints about P2P than other investments

October 23, 2017 |

THE PEER-TO-PEER and crowdfunding sector accounted for less than one per cent of complaints about investment products in the first half of the year, the Financial Conduct Authority (FCA) has revealed.

Complaints data released by the regulator shows there were … Read More

The FCA shouldn’t tar P2P with a single brush, says Octopus Choice

October 23, 2017 |

OCTOPUS Choice has called for the City watchdog to force peer-to-peer lenders to make a clear distinction between secured and unsecured lending in its upcoming review of the sector.

The P2P lender, which was spun out of Octopus Investments in … Read More

Crowdstacker unveils first loan notes project to fund asset finance firm

October 23, 2017 |

CROWDSTACKER has launched its first loan notes project, letting investors back a leasing company ranked as one of the fastest growing firms in Europe.

Investors can earn 6.5 per cent annually over three years by investing a minimum of £500.

Read More

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

FCA identifies low P2P usage but fewer signs of consumer vulnerability

October 18, 2017 |

JUST 1.4 per cent of the adult population are using peer-to-peer lending or crowdfunding but the product has among the proportionally lowest levels of financially vulnerable customers, figures from the Financial Conduct Authority (FCA) suggest.

The data is revealed in … Read More

Payday P2P lender Welendus receives full FCA approval

October 16, 2017 |

WELENDUS, the peer-to-peer payday lender, has received full authorisation from the Financial Conduct Authority (FCA.)

The milestone comes a year after the company was formed.

The platform, which wants to shake-up the payday lending market by offering more reasonable interest … Read More