Digital banks, challenger banks (not quite the same thing) and the open banking initiative are individually and collectively ringing changes in the alternative-finance sector. Our friends at Altfi report the latest: UK Open Banking is undergoing its biggest shakeup in years. The body established by the CMA’s Retail Banking Market Investigation Order in 2017 to deliver open […]
The FinTech sector is undoubtedly booming. With buoyant funding levels, new product launches and acquisitions aplenty, our friends at Finextra report the latest. With VC investment in the UK’s financial technology sector soaring, Tech Nation has unveiled the 30 scaleups selected to participate in the fourth cohort of its fintech programme. The six-month government-backed programme […]
With several new loans in the pipeline, our popular managed portfolio service is likely to become more prominent. Here’s a brief reminder of its attractions. Clients of the Money&Co Portfolio Service have access to loans with a typical fixed return of 7%, without the need to manage a portfolio of loans. You will receive a […]
There have been several moves to crack down on alternative finance in the United States (the regulators have threatened lawsuits against various cryptocurrencies, etc). And entry to the mainstream market in banking is very jealously guarded. Our friends at Altfi bring the latest news. Banking licences are famously difficult to get, particularly when you are […]
The universe of financial technology is expanding fast. The most significant growth is in the banking area, with new digital banks seeking to enter the market and challenge the mainstream almost every day. Our friends at Altfi offer the latest news. New neobank Chase has partnered with 10x Banking, to launch its entry into the UK retail […]
With the latest loan offer on site still at 21 per cent of full funding, this is a good time to remind visitors and registered lenders that lending to our carefully vetted borrowing companies is not a one-stage process. Investors who buy a fund or make a cash deposit into a building society account have […]
The pandemic does have a silver lining – albeit a very faint one. Trust in UK banks has risen over the past year, according to research conducted by our friends at AltFi. Despite the financial uncertainty prompted by the pandemic, across several different areas trust appears to be rising both in neo banks such as Monzo and Starling […]
The UK’s progress in developing open banking comes in for some implicit criticism in this piece by our friends at Altfi, who look abroad for comparisons. Action is required to avoid the UK falling behind other open banking regimes like Australia and South Korea, according to policy group Coadec. The UK’s open banking industry, which […]
The future is almost with us. Our friends at Finextra run a report on the biggest study of mobile wallets – the digital devices that store cryptocurrencies – in the world. Released by payments fintech Boku, with data from Juniper Research, the research reveals that Europe will be home to four of the ten fastest-growing countries for […]
The word “blockchain” was once used as a marketing gimmick for companies pivoting into an ill-understood, gimmicky world. But blockchain technology is a good way of organising information without reference to a central agent. And that’s now official – the regulatory authorities are using it in an innovative way. Our friends at Finextra report: The […]