The mainstream of the financial world is moving as fast and as far as it can to accommodate the irresistible advance of cryptocurrencies. Our friends at Finextra report: A group of trade associations have called on the Basel Committee on Banking Supervision to revise its proposed punitive rules on investments in crypto assets by financial […]
Today, we bring more news from the febrile, fast-changing world of financial technology. Our friends at Finextra carry the latest tale. A coalition of UK fintechs has signed an open letter calling on the government to fast track a ‘smart data right’ that enables consumers to control their data, opening up the potential of open […]
The FinTech sector continues to expand. Part of that process of expansion is the incursion of the mainstream into the sector. Our friends at Finextra report the latest: JP Morgan is set to open the virtual doors to its long-awaited UK digital retail bank next week. The digital-only lender will initially offer current accounts with […]
Regular visotors to this News section will be well aware of the boom in interest and in funding for the financial technology (FinTech) sector. Our friends at Finextra look at recent data on the the fortunes of contemporary UK FinTechs. It’s a mixed bag, but a broadly positive picture. After a whirlwind decade that has […]
The second tranche of the Fleetwood Legal £250,000 loan offering is now 12 per cent filled. The loan offering is rated A with a yield of 8 per cent and a 12-month term. Please note that ‘Fleetwood Legal’ is a code name for commercial reasons. Money&Co. lenders have been funding legal claims since May 2019. Over […]
A second tranche of Fleetwood Legal has landed on site. This follows the popularity of the first auction, which filled in less than a week. Lenders who did not get a chance to participate in the first auction will have the opportunity to add Fleetwood Legal to their portfolios. The loan offering is rated A […]
More flak from the high-speed collision between cryptocurrencies and mainstream finance. Our friends at Finextra report the latest: The Securities and Exchange Commission intends to sue Coinbase over a planned interest-earning product, says the cryptocurrency exchange. Last week, the SEC sent Coinbase a Wells notice warning that it intends to sue in court over the […]
It had to happen. Bitcoin is now the officially accepted currency of a sovereign state. All the usual objections – potential for money laundering, pandering to criminals, wild volatility – have been swept aside. Bitcoin is currently trading at more than $51,000, having hit highs of more than $52,500 in recent days. We take a […]
Understanding risk is fundamental to the health of the alternative finance. Providers must make sure that not only is risk visible and highlighted, but – so far as possible – that investors are fully acquainted with the risk warnings that must come as part of the investment process. At Money&Co. we facilitate loan funding for […]
Regular visitors to our News section will be aware that we see central bank digital currencies (CBDCs) as a state-sponsored fake cryptocurrency. The beneficial ownership of an account is quite clear – so there’s nothing cryptic about CBDCs. They are merely digital, and the hope amongst central bankers appears to be that consumers will accept […]