Charles Rendell, chair of the Financial Conduct Authority, recently made an online presentation to retail bankers and others on the “front line” of the financial services industry. Mondovisione carries the text of the speech. We offer bullet-point highlights and the introduction. The full text is available here: Highlights The coronavirus (Covid-19) crisis shows we need […]
Regular visitors to this News site will know that we here at Money&Co. had been running the business along conservative lines for several years – way before the advent of Covid-19. Our friends at P2P Finance News report the way our CEO Nicola Horlick made the call. Money&Co chief Nicola Horlick has said that the […]
Our friends at the Fintech Times report on the evolving reaction to some very hastily, albeit well-intentioned, attempts to throw money at Britain’s stricken business sector, with small and medium-sized enterprises (SMEs) in most need. Regular readers of this News section will know that our concern is that money, unlike mud, does not stick if […]
The FinTech Times comes up with what must be, even on a Monda, winner of the dodgy metaphor of the week award. It runs an article on challenger banks, seen by the writer as the eternal “mistresses” of finance. There’s useful information here, nevertheless. We run an excerpt below, with the full article available here. […]
“Resilience” is the buzz word for the FinTech sector just now, as regular readers of this News section will know. Business Manchester reports on continued capital inflows: Figures compiled by Tech Nation and Dealroom for the Digital Economy Council show that investors continue to back some of the UK’s most promising tech teams, despite the challenges posed by Covid-19. […]
The Cambridge Network takes a measured and thoughtful look at the resilience of the UK’s FinTech sector. Resilience will certainly be required. Below, we offer an excerpt from the piece – which can be found in full by clicking here. As members of the UK tech sector meet virtually during #LTWConnects events, figures show UK digital tech […]
The dominant topic in the alternative finance sector is the government initiative to get funding to small- and medium-sized enterprises (SMEs). On the hand, as evidenced here in our News section (see various earlier stories), is the concern that funds are not getting through to the SMEs. On the other, the mainstream is now voicing […]
The government-backed emergency finance juggernaut rolls on. The intentions are good, but is the money reaching its target? Time will tell. Our friends at AltFi report the latest: The UK’s financial institutions have lent out over £34.9bn to SMEs under the government-backed coronavirus loan schemes. The rate of lending has slowed for the second week […]
Money&Co. chief Nicola Horlick has warned of a tough year for SMEs and the direct lending sector, as the Bank of England predicts the deepest recession on record due to the pandemic. She spoke recently on the topic to the trade press. Our friends at P2P Finance News carry the story: City superwoman Horlick told Peer2Peer […]
It’s too early to tell definitively, but the strong indications are that the digital economy is robust and leading the way forward for business in the UK. Money&Co., for example, has been operating smoothly under lockdown – and, as we see today in the following report from our friends at AltFi, deals are being done. […]