The UK’s leading financial regulator the Financial Conduct Authority (FCA) has introduced a liberal measure that many in the industry see as a major stimulus for the growth of open banking. This will see further convergence between the alternative-finance sector and the mainstream. Our friends at Altfi report: [The FCA] is looking to scrap a key […]
The UK’s venture capital industry has been very active in investing in the FinTech sector – more so than its US counterpart, according to research (see below). Our friends at Finextra offer a report, but we’d add just a short comment: perhaps the relative strength of VCX interest may be partially accounted for by the […]
The latest £77,600 loan offering, yielding seven per cent and risk-rated A, is now 13 per cent funded. The lender is seeking to fund claims for financial mis-selling. The term of the loan is 15 months. Below are some details from the borrower’s pitch – as ever, we’ve done due diligence but cannot warrant or […]
The latest £77,600 loan offering, yielding seven per cent and risk-rated A, is now 5 per cent funded. The lender is seeking to fund claims for financial mis-selling. The term of the loan is 15 months. Below are some details from the borrower’s pitch – as ever, we’ve done due diligence but cannot warrant or […]
The trend towards convergence between mainstream and digital banking is well established – and regularly reported in this News site. But whose business model is changing? Are the mainstream banks adapting to the digital way of doing business, or is it the other way around? News brought by our friends at Altfi indicates that the […]
The digital tanks are finally parking on the lawns of our high streets. Our friends at Altfi report a major consumer development: Next year dozens of high street stores will start offering crypto cashback on purchases, including Ocado, Homebase and Boots. They’ll be doing it with the help of UK listed fintech Mode, which helps […]
A new £77,600 loan offering, yielding seven per cent and risk-rated A, has landed on site. The lender is seeking to fund claims for financial mis-selling. The term of the loan is 15 months. Below are some details from the borrower’s pitch – as ever, we’ve done due diligence but cannot warrant or guarantee the […]
Revolut and Starling are among the leaders of the “challenger” banks bringing the digital revolution to the mainstream. Regular Altfi visitors to our News site will be familiar with both banks. Our friends at Altfi bring news of the latest digital incursion into the mainstream. Nearly six months on from its acquisition of Fleet Mortgages for £50m, […]
Last week we wrote up news of the advent of Britcoin, the UK’s own central bank digital currency (CBDC). Today our friends at Finextra bring word of the latest CBDC developments in the European Union. The European Central Bank has hired ING’s global director of payments, Evelien Witlox, to head up its digital euro programme. […]
The latest £180,000 loan offering, yielding seven per cent and risk-rated A, is now 52 per cent funded. The lender is seeking to fund claims for financial mis-selling. The term of the loan is 15 months. Below are some details from the borrower’s pitch – as ever, we’ve done due diligence but cannot warrant or […]