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Peer2Peer Finance News | September 19, 2019

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John Glen

New finance council launched to help SMEs ahead of Brexit

September 5, 2019 |

A NEW business finance council has been set up by the government, to support small- and medium-sized enterprises (SMEs) ahead of Brexit.

The UK’s Department for Business, Energy and Industrial Strategy (BEIS) and the Treasury on Thursday announced the creation … Read More

Bank Referral Scheme data shows just 5pc of SMEs are accessing loans

August 29, 2019 |

ONLY five per cent of small businesses that have been referred to alternative finance providers under the Bank Referral Scheme have gone on to get a loan, official data shows.

The Bank Referral Scheme, launched in November 2016, mandates nine … Read More

Fintechs invited to enter £2m affordable credit challenge

July 31, 2019 |

THE TREASURY and innovation foundation Nesta Challenges are offering £2m in prize money to encourage fintechs and community lenders to work together on affordable credit solutions.

Many people are turning to high-cost credit, such as payday or guarantor loans, when … Read More

Treasury calls for feedback on regulatory review

July 19, 2019 |

THE TREASURY has issued a call for feedback on how effectively the UK’s financial regulators work together, as part of a long-term review into financial regulation.

The first phase of the Financial Services Future Regulatory Framework review was launched today … Read More

OBIE: Open Banking kick-starts innovation but needs improvement

July 17, 2019 |

OPEN Banking has kick-started an ecosystem of digital innovation even though implementation has not yet been completed, according to a new report from the Open Banking Implementation Entity (OBIE).

The report notes the firm foundations upon which Open Banking has … Read More

Government to introduce 60-day breathing space scheme for those tackling problem debt

June 19, 2019 |

INDIVIDUALS and families struggling with problem debt are to be given a new period of “breathing space” from lenders and public bodies.

Those who have fallen behind on debts such as loans and overdrafts as well as tax payments will … Read More

Treasury launches probe into collapse of London Capital & Finance

May 23, 2019 |

AN INDEPENDENT probe has been launched into the Financial Conduct Authority’s (FCA) supervision of London Capital & Finance (LC&F) and the circumstances surrounding the mini-bond provider’s collapse.

The Treasury said on Thursday that there will also be a wider policy … Read More

Funding Options selected for Tech Nation’s first fintech programme

September 6, 2018 |

SMALL business finance aggregator platform Funding Options is among the 20 early-stage companies selected by Tech Nation to take part in its first fintech programme.

The new initiative was announced by the Treasury in its Fintech Sector Strategy earlier this … Read More

Zopa joins Women in Finance Charter

July 11, 2018 |

ZOPA has become the final member of the ‘big three’ peer-to-peer platforms to sign up to the Treasury’s Women in Finance Charter.

The Treasury has announced that a further 67 companies have signed up to the Charter, which aims to … Read More

Funding Circle one of 12 finalists in UK fintech challenge

June 21, 2018 |

FUNDING Circle has been named one of 12 finalists in a nationwide fintech competition targeting small business banking.

Run by Nesta, the UK’s innovation foundation, the finalists will participate in the last phase of the Open Up Challenge – a … Read More