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Peer2Peer Finance News | October 23, 2017

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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

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

VPC offloads Avant loans as part of shift from marketplace lending

October 23, 2017 |

VICTORY Park Capital (VPC) Specialty Lending Investments has offloaded the majority of its loans from US personal loans platform Avant.

The alternative lending investment trust said in a portfolio update on Monday that the move is part of its strategy … 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

Lendy has repaid £100m to investors this year

October 19, 2017 |

LENDY has announced that it has returned £100m to investors over the last year alone, as it celebrates its fifth birthday this week.

The peer-to-peer property platform said on Thursday that this was a 120 per cent year-on-year increase and that … Read More

P2P auto-lending is risking investor ethics and returns

October 19, 2017 |

THE MOVE towards auto-lending among some peer-to-peer platforms may limit interest rates and be a stumbling block for investors worried about the type of businesses they lend to, a European automated P2P firm has said.

Despite being automated itself, Latvia-based … Read More

Financial services firms lack fintech strategies

October 18, 2017 |

FEWER than half of financial services firms have a defined fintech strategy in place, research claims.

A KPMG report titled ‘forging the future’ found 57 per cent of financial institutions across the world say fintech is the greatest source of disruption … 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

Bank of England urged to delay base rate rise

October 16, 2017 |

AN INTEREST rate hike before the end of the year is unnecessary and should be avoided, a high-profile forecasting body has warned.

In its Autumn Forecast, the EY Item Club noted that the Bank of England’s Monetary Policy Committee (MPC) … Read More