Ahead of new loans landing on site, we thought we should 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 done all the process they need to. With lending, depositing […]
A share price is normally just a share price. But here’s an instance of a stock’s moves which actually represent the nature of the business itself. “Meme stock” marketplace, Robin Hood, was recently floated in the US. The company has a share price as volatile as the meme surges it has facilitated. Our friends at […]
The sceptics have had their day. In case you hadn’t noticed, cryptocurrencies have almost certainly gained critical mass in their acceptance by mainstream finance. Moreover, the enthusiasm for cryptos among the general public is strong and growing, with evidence to this effect appearing daily for those who want to see it. Our friends at Altfi […]
Amid the light, a patch of darkness. Even in the booming world of alternative finance, where FinTech is flavour of the month and digital banks appear to be booming all over the place, the news is not universally good. Our friends at Finextra report: Digital bank Monzo has issued another warning about its ability to […]
LendingClub, once known as the highest-profile peer-to-peer (P2P) lender in the United States, has a story to tell that speaks of the fortunes of many in the P2P sector. Lending Club started life as a P2P outfit, and famously floated in December 2014 at a valuation that many (including members of Money&Co.’s staff) thought rather […]
The march of the cryptocurrencies, monitored and reported regularly in this News section, is relentless. Our Friends at Finextra report the latest: Zodia Custody, a digital asset joint venture operation between Standard Chartered and Northern Trust, has received regulatory approval from the Financial Conduct Authority and is now providing commercial services to clients as a […]
As regular visitors to our News section will be aware, central bank digital currencies (CBDCs) are a coming thing. Cynics would say CBDCs are merely a way of distracting consumers from investing in true cryptocurrencies. CBDCs are digital, but not crypto – since they are controlled by central banks. However, they are soon to be […]
Looking at the digital economy and what is still referred to (though surely not for much longer) as alternative finance, it seems that a clear way forward is emerging. It will have emerged when alternative finance is no longer seen as alternative, but simply a variation of the mainstream. Our friends at Altfi run a […]
Savers have had a miserable few years. We have characterised this period of very low yields on deposit accounts as the Great Savings Robbery. Little is changing in this respect, as our friends at Altfi report: Digital banking service Revolut today announced it’s introducing interest rates on savings vaults for its non-fee paying customers. The fintech is […]
Is there gold in the digital hills? Some of the smartest (some might say “most avaricious”) minds aroundk seem to think so. Our friends at Altfi report on the rush to invest in the FinTech sector: Two of the UK’s most prolific venture capital firms, Index Ventures and Dawn Capital, both announced funding rounds yesterday as they […]