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Peer2Peer Finance News | June 20, 2018

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UK Finance

New SME funding hub will boost awareness of P2P

June 8, 2018 |

PEER-TO-PEER finance resources will be included in a new funding hub for high-growth businesses looking to scale up in the UK.

The interactive website, launched by the British Business Bank, offers articles, infographics, videos and event listings aimed at digitally-savvy … Read More

Consumer credit growth shoots back up after March slowdown

May 25, 2018 |

PERSONAL loan borrowing and credit card spending through the main high street banks returned to growth in April after a decline in March.

Data from banking trade body UK Finance shows annual growth in personal loan borrowing shot back up … Read More

Brits embrace fintech amid digital shift

May 22, 2018 |

BRITISH consumers are embracing fintech, as digital innovation and social media change the banking experience for customers, says UK Finance.

A report from the trade body and big four accountancy firm EY shows UK consumers are increasingly using new technology … Read More

Digital transformation creating risks in financial services

May 21, 2018 |

DIGITAL transformation is creating new risks within the financial services industry, new research claims.

Adopting new technologies, including artificial intelligence (AI) and machine learning, cloud computing and distributed ledger technology (DLT), will enable the financial services sector to significantly reduce … Read More

Invoice finance continues to grow

April 30, 2018 |

INVOICE finance continues to grow as a means of business lending in the UK, according to analysis of the latest UK Finance figures.

Pure invoice finance reached £18.93bn as of the end of the fourth quarter of 2017, an increase … Read More

Zopa executive: “Savers are abandoning the cash ISA en masse”

April 27, 2018 |

SAVERS are “abandoning the cash ISA en masse”, as the personal savings allowance (PSA) makes the tax-free wrappers less relevant for consumers, a Zopa executive has said.

New data from UK Finance showed that investment in cash ISAs fell from … Read More

High street banks reveal slowdown in consumer credit borrowing

April 26, 2018 |

ANNUAL growth in personal loan and overdraft borrowing slowed in March, data from the main high street banks has revealed.

Lending figures from banking trade body UK Finance shows personal loan and overdraft lending increased 2.4 per cent last month, … Read More

Invoice finance: The business lifeline

April 10, 2018 |

IT’S NO secret that cashflow is an issue for many small businesses in the UK, which has led to the growth of a booming invoice finance market. According to trade body UK Finance, invoice finance hit £18.9bn in the third … Read More

Former IoD boss to lead SME complaints review

March 29, 2018 |

FORMER Institute of Directors boss Simon Walker (pictured) has been named as independent chair of the finance and banking industry’s review into how small business complaints against lenders are resolved.

Commissioned by trade body UK Finance, the independent review will … Read More

SMEs becoming more aware of P2P lending

March 15, 2018 |

AWARENESS of peer-to-peer lending has increased among small- and medium-sized enterprises (SMEs), research shows.

The latest SME Finance Monitor, from insight agency BDRC, shows 32 per cent of the 130,000 firms interviewed were aware of P2P lending in the fourth quarter … Read More