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Peer2Peer Finance News | August 22, 2017

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Katrin Herrling

3pc of SMEs obtained finance under bank referral scheme

August 11, 2017 |

LESS than three per cent of small businesses referred to alternative lenders via the bank referral scheme have obtained finance, according to the first-ever statistics on the initiative released by the Treasury.

230 small- and medium-sized enterprises (SMEs) have collectively … Read More

Industry split on bank referral scheme ahead of Treasury announcement

July 28, 2017 |

THE TREASURY is expected to release its first public figures on the bank referral scheme in the coming weeks, with the commercial finance sector divided on the initiative’s success.

The government-backed scheme launched last November to much fanfare, mandating nine … Read More

The SME’s guide to P2P

June 16, 2017 |

Obtaining the best finance suited to your needs can be challenging for small- and medium-sized enterprises (SMEs). Peer2Peer Finance News delves into the potential pitfalls and opportunities, and looks at where peer-to-peer finance can help…

Where to begin when looking for … 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

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