Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
FRAUD
May 4 2017

MarketInvoice joins new UK Fintech Financial Crime Exchange

Anna Brunetti Industry News, News Anil Stocker, financial fraud, FINTRAIL, invoice finance, MarketInvoice, money laundering, online fraud, UK FinTech Financial Crime Exchange, UK P2P lending

MARKETINVOICE has thrown its weight behind a new anti-financial crime initiative, signing up to the UK Fintech Financial Crime Exchange (FFE).

The project, launched on Thursday by security think-tank RUSI and financial crime risk management consultancy FINTRAIL, aims to bring together fintech companies to help them detect and counter money laundering, terrorist financing, bribery and corruption, tax evasion and market manipulation.

The UK fintech sector is a key contributor to the country’s economy, having channelled £7bn of funds to date. However, due to its interconnected nature and the expansion of the digital channels it uses, it is also exposed to magnified security risks, said MarketInvoice.

Read more: MarketInvoice bolsters sales team to meet 2017 lending target

“Fintech businesses are using tech solutions to address today’s problems,” said Anil Stocker, co-founder and chief executive of the peer-to-peer invoice finance platform.

“We use AI and machine learning in our day-to-day business, ensuring UK businesses receive meaningful working capital quickly which they need to grow. In this endeavour, we must also have the capabilities to tackle financial crime.

“We look forward to collaborating with FFE members to ensure high standards and to secure the industry’s defences.”

To introduce the new association, FINTRAIL also launched a white paper proposing guidelines for fintech customers’ due diligence, an element that it said can strategically mitigate digital security threats.

Read more: FCA issues open invitation for fraud feedback

Read more: Invoice finance has soared by £8bn since credit crunch

2017 will be the year that P2P finally matures, says Lendy UK SME manufacturers hit six-year export order high

Related Posts

Plant Growing Out Of Coin Jar On Table In Office -  Investing / Business Success Concept

Industry News, News, Top 3

Abundance Investment working on “new opportunities”

Model Houses Hanging By Strings

Industry News, News, Top 3

LendInvest bond value lost £5.8m during pandemic

Sonnenuntergang hinter den modernen Wolkenkratzern der Skyline von London, Großbritannien

Industry News, News, Top 3

Everything we know about the CBILS successor scheme (so far)

Popular posts:

  • FCA lumps P2P lending in with higher risk products again
  • 4th Way gives its views on Zopa and Funding Circle returns
  • UK operations help Funding Circle push for profit in…
  • Investors ready to put more money into P2P lending
  • CrowdProperty unveils board changes and hunt for CFO
  • RateSetter outlines benefits of debt consolidation loans
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by