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Peer2Peer Finance News | October 22, 2017

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The Money Platform

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More

This time it’s personal: the state of consumer lending in P2P

June 14, 2017 |

Consumer lending is the essence of peer-to-peer finance, but low interest rates and warnings of a debt bubble have taken the gloss off the sector. Can personal loan-focused platforms continue to thrive in the current climate?

In the peer-to-peer industry, … Read More

Allen: Most P2P lenders want comfort of provision fund

March 18, 2017 |

THE MAJORITY of lenders considering peer-to-peer would want the reassurance of a provision fund, according to P2P credit risk expert Kevin Allen (pictured).

The industry veteran, who was RateSetter’s first-ever chief risk officer, said that less engaged investors would be … Read More

Risk and Reward

March 2, 2017 |

What Kevin Allen doesn’t know about credit risk isn’t worth knowing. The Money Platform’s new chief risk officer talks to Peer-to-Peer Finance News about being an early adopter, his time at RateSetter and finding a gap in the short-term lending … Read More

RateSetter’s former chief risk officer joins The Money Platform

February 2, 2017 |

THE MONEY Platform has hired RateSetter’s first-ever chief risk officer Kevin Allen (pictured) to head up its credit decision processes and grow its borrower base.

Allen joined the recently-launched peer-to-peer payday lender on Monday 23 January, after three-and-a-half years at RateSetter. … Read More

Payday loan requests double in first week of January

January 16, 2017 |

THE NUMBER of people applying for short-term loans in the first week of January doubled compared to the same period last month, reveals new research.

49 per cent of UK adults in full-time employment regularly exceed their monthly budget, while one in … Read More

First FCA-authorised P2P payday lender has launched

December 14, 2016 |

THE UK’S first fully-authorised peer-to-peer payday lender has launched, hoping to shake up what it calls a “morally bankrupt” market.

The Money Platform’s founders Charles Balcombe and Joshua Graham acknowledge that the payday loan sector has a bad reputation, but … Read More