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Peer2Peer Finance News | August 22, 2017

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Saving Stream

Lendy unveils loan default numbers

May 12, 2017 |

LENDY has published data on arrears showing that no investor has ever lost money on the platform to date, despite over half of the 98 closed loans having been repaid after the deadline and about 15 per cent having resulted in late interest … Read More

Attack of the killer bugs: P2P lenders are investing in IT to stay ahead

May 5, 2017 |

ROBUST technology is more important than ever, say peer-to-peer lending platforms, as they invest in their systems to maintain their advantage over traditional financial services players.

A number of firms are developing new technologies in order to improve their customer … Read More

2017 will be the year that P2P finally matures, says Lendy

May 3, 2017 |

THIS is the year that the peer-to-peer lending sector will move into the mainstream and become the main challenger to traditional banks, says the co-founder of property platform Lendy.

However, in order to do so, Liam Brooke urged P2P firms … Read More

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

Lendy dips its toe into the bond market

April 5, 2017 |

PEER-to-peer property specialist Lendy is launching its first-ever bond, looking to entice less proactive fixed-income investors by providing indirect exposure to whole loans.

The P2P lending platform, formerly known as Saving Stream, is making its first foray into the bond … Read More

Lendy incorporates Saving Stream under unified brand

March 27, 2017 |

LENDY is set to integrate its investor-facing platform Saving Stream with its borrower-facing Lendy brand, to support the platform’s growth and facilitate its clients’ experience.

Starting from this week, the peer-to-peer lender’s investors and borrowers will be able to use the same … Read More

UK supermarkets’ property slump creates P2P opportunities

March 20, 2017 |

UK SUPERMARKETS are scaling back their property holdings, creating vast opportunities for developers and peer-to-peer lenders to fill the gap.

The recent online retail boom has forced supermarkets to sell off their property portfolios, which have seen their value plunge … Read More

Saving Stream confirms IT glitches did not spoil new deal

March 16, 2017 |

SAVING Stream has confirmed that none of its investors missed out on a major new loan that went live last week, after an IT glitch stopped new deposits showing up on certain accounts.

The property-focused peer-to-peer lender uses a high … 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

Budget underwhelms P2P sector

March 9, 2017 |

THE PEER-TO-PEER lending sector lambasted Chancellor Philip Hammond’s Spring Budget for failures on a number of fronts including business taxes, innovative finance ISA (IFISA) rules and housing.

P2P platforms have blasted the fiscal announcement for not doing enough to improve … Read More