The ever-changing foment concerning Covid-19 continues. AltFi reports early developments regarding the CBILS extension, which has had a positive-to-neutral effect on the UK equity markets, at least. Back when the government first announced its financial aid package to help SMEs in March, it was first met with a sense of exasperation as it appeared fintechs and alternative lenders had been ignored. Fintechs were initially […]
The resurgence of the Covid-19 virus is causing mayhem on all fronts. The hotch-potch of government-backed schemes to aid small business – lots of different ideas distributed in a rather haphazard way – is right back with us. Or maybe there’s more order and sense to all this than first appears. You decide. Meanwhile, here’s […]
The latest in a long stream of centralised initiatives – whose current and future success remains to be judged – is reported today by our friends at AltFi. We’re keeping a weather eye on the situation. More, assuredly, is to follow. Fintech industry body Tech Nation has today revealed the newest group of fintechs selected […]
A new loan offering from an established borrower is currently on site (see below). But that’s just one offering. It’s important to remember the risk-mitigation benefits of spreading risk… Diversification is one of the best ways of limiting risk. Our popular managed portfolio service is an efficient way of doing just that. Here’s a brief […]
Amid all the dark prognostications surrounding Covid-19, the news surrounding the FinTech sector is relatively good. Certainly, for cloud-based businesses such as Money&Co., it’s been relatively easy to find a new way of working. Our friends at UK TechNews report on a different way of doing business in the sector: The “new normal” is a […]
We report on the progress of this platform’s latest offering (an A+ proposition from webuyanyhomes) – see below). And we thought it opportune to provide one of our regular refreshers on how to lend to our carefully vetted borrowing companies. It is not a one-stage process. Investors who buy a fund or make a cash […]
The Financial Conduct Authority comes in for plenty of criticism, but it seems to be ahead of the game when addressing the potential credit disaster that is waiting to happen as the long-term effects of Covid-19 kick in. Our friends at P2P Finance News report: The Financial Conduct Authority (FCA) has said guidance on payment […]
Today, two snapshots of the wild world created by Covid-19. We leave you to decide which scenario you find more credible. First, fine words from the British Business Bank. AltFi reports: Fintechs will be “even more important” coming out of lockdown than they were during lockdown helping smaller businesses return to normality, according to the British Business […]
Cynics might file this one under: “Believe it when I see it.” This latest governmental initiative might work, but we expect more of the same – FinTech acquisitions by mainstream banks when they like the look of the asset prices. Finextra carries the story: Some of the UK’s biggest banks have signed a government-backed pledge […]
We hate to say it, but we told you so. Negative deposit rates have finally arrived – albeit as a way of charging for forex transactions. The Daily Mail reports: Starling has become the first British bank to introduce negative interest rates for personal account customers, though only those who hold high balances in euros […]