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Peer2Peer Finance News | August 24, 2019

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fintech disruption

Banks complacent in face of fintech challenge

July 4, 2018 |

TRADITIONAL banks are being complacent in the face of the rising competition from fintech firms, according to an EU regulator.

The European Banking Authority (EBA) has published two reports as part of its new Fintech Roadmap Initiative, looking at the impact … Read More

Online lenders and banks may operate as ‘joint ventures’

February 20, 2018 |

ONLINE lending platforms may partner with banks to fund and market credit products in the future, even sharing the approval process and compliance, in one scenario outlined by global banking regulators.

The Basel Committee on Banking Supervision (BCBS) looked at … Read More

UK financial sector prepares to scale up IT investment

July 11, 2017 |

UK FINANCIAL services firms are set to ramp up their technology spending at their fastest rate in two-and-a-half years, despite a decline in overall business optimism.

A quarterly report by the Confederation of British Industry (CBI) and accountancy firm PwC found … Read More

Nearly one third of financial firms eye fintech M&A

April 7, 2017 |

THREE quarters of banks and asset managers worldwide are looking to boost their collaboration with fintech companies to become digitally competitive, a new survey found.

And 31 per cent will seek to buy a fintech company over the next 12 … Read More

Bankers most fear losing consumer loans to fintechs

April 6, 2017 |

BANKERS see personal loans as the area of their business most at risk of being lost to fintech disruptors, a survey has found.

Accountancy firm PwC’s global fintech report 2017 found that 80 per cent of bankers see consumer banking … Read More

Robo-advice keeps wealth managers awake at night

September 20, 2016 |

THE MAJORITY of asset and wealth managers (AWMs) fear losing part of their business to fintech companies, with automated ‘robo-advice’ a particular worry, according to a new report.

60 per cent of AWMs surveyed by accountancy firm PwC for its … Read More