The digital revolution and the opening up of the baking market to “challenger” banks is one of the major financial trends. But it can be overdone – as a cautionary tale from the US, reported by our friends at Altfi, illustrates. The business of handling open banking data can be a messy one, as demonstrated […]
The top financial watchdog, the Financial Conduct Authority, has published a paper on proposed regulation of the way high-risk investments are promoted. Our friends at P2P report the news this way: The Financial Conduct Authority (FCA) said it is planning to ban the promotion of investor incentives, such as new joiner or refer-a-friend bonuses, to […]
We have a communication problem. The message we are trying to get across to registered lenders is to take the next step – once you’ve registered, the important next step is to pick a loan and deploy your capital. The vast majority of lenders do just that. But some leave their money lying in their […]
There’s a strong body of opinion among economic commentators that the UK is embarking upon a difficult period. High inflation, a struggling small-and medium-sized business sector and a woeful lack of leadership from government betoken tough times ahead. Money&Co., thanks to its policy of cautious lending and pursuing asset-backed and other specialist niche deals, is […]
Rapidly expanding new asset class, or dangerous speculative gold rush? Cryptocurrencies have been grabbing the headlines with the wild fluctuations of the prices of its leading players. That’s attracted attention and big speculative – without, as speculation implies, necessarily an appreciation of the risks involved. The UK government is now moving to make it more […]
The insulating effects of our niche lending policies – avoiding the rollercoaster credit ride of the general economy – are becoming clear. Our friends at P2P Finance News report: Peer-to-peer lending chiefs are predicting a rise in defaults for unsecured loans this year but not for asset-backed facilities. The Bank of England’s latest credit conditions […]
The future lies undoubtedly in cryptos. But one of the greatest imponderables of 2022 is whether one of its most abstruse manifestations will catch on. The problem is, simply, the sheer incomprehensibility of the usage. Here’s a quote from an earlier blog on Decentralised Finance (DeFi): DeFi protocols enable for the first time to borrow […]
Today, we bring a counter-cultural snippet. Central banks are set to roll out their own digital currencies soon (not the same as cryptocurrencies, which are driven by an independent algorithm). A recent blog explains the situation. Central banks and their governments are understandably desperate to establish their own digital currency as the dominant world brand. […]
The revolution is coming – in the form of Revolut. Revolut has a pending application for a UK banking licence, and is expanding rapidly across Europe. Our friends at Altfi run the story: Digital banking challenger Revolut is inviting more of its customers to upgrade to a full bank account, after rolling out its Lithuanian banking licence across ten […]
Bright new digital dawns are the theme of the early part of the year. But the flip side is the possibility of dark night, as reported by our friends at Altfi, who examine the risks inherent in the digital technology embraced by challenger banks. Concerns are growing that an Amazon Web Services (AWS) outage could one day take […]