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Peer2Peer Finance News | August 20, 2018

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UK Finance

Manufacturers boost business borrowing in June

July 25, 2018 |

THE AMOUNT borrowed by UK businesses fell by 1.8 per cent over the 12 months to June amid “ongoing economic uncertainty”, according to new research.

This was an improvement from a 2.6 per cent decline in the 12 months to … Read More

Banks reject P2P lenders on money laundering concerns

July 5, 2018 |

PEER-TO-PEER lenders have been turned away by banks when trying  to open the client money accounts that are legally necessary for them  to operate.

Despite the vast majority of platforms now being fully regulated, Peer2Peer Finance News has seen messages … Read More

Remortgaging activity boosts lending market to £22.2bn

June 26, 2018 |

MORTGAGE lending rose to £22.2bn in May thanks to heightened remortgaging activity across the UK.

However, industry specialists have warned that an imminent rate rise may lead to a slowdown in the third quarter of the year.

The latest UK … Read More

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