We fear there may be quite a few stories like today’s in the news pipeline. Citing Brexit and Covid complications, the Finnish fintech says all Holvi accounts in the UK will expire on 31 October 2020. Our friends at Finextra report: “The UK is a challenging market – and at the beginning of the year […]
The UK government has been criticised for a number of economic and general policy somersaults during the Covid-19 crisis. Our friends at P2P Finance News reports on what looks like the latest unfortunate event. Banks are pressuring borrowers to payback coronavirus business interruption loans (CBILS) early, it has been claimed. Richard Churchill a business advisory […]
Regular visitors to this News site will be aware that our strategic view for direct lending (aka peer-to-peer [P2P] lending) is to seek asset backing, and form alliances with the mainstream. Here, we offer two independent views of the way forward for the sector. The accounting body ICAEW’s news website looks at P2P lending in […]
The stories are yet to be told. But the critics who argue that the government’s strategy for the Covid-19 crisis consists of throwing money at things may have a field day with this news report from our friends at Crowdfundinsider. We’ll keep monitoring the situation. Meanwhile, here’s an excerpt from the tale: Emergency COVID-19 funding […]
There’s more news from the troubled Lending Club – the direct lender (or marketplace or peer-to-peer [P2P} lender) that has long been seen as a leader in the market in the United States. We take an interest in Lending Club for a number of reasons, not least because its success or otherwise has a direct bearing […]
Politicians seem to be doing their best to put up barriers to international trade, but the innovators in the FinTech sector are having none of it. He latest example of fearless buccaneering across national borders comes from a former member of the fast-expanding international challenger bank, Revolut. The newly launched Sync. looks like an interesting […]
In the grand scheme of changes effected by the pandemic crisis, working from home is far more widely accepted than before. Put another way, Covid claims a victim in the FinTech resources space. Our friends at Finextra report: London’s TechHub has been forced into administration due to a revenue drain from startups feeling the pain […]
Landbay is a FinTech lending platform with an exclusive focus on real-estate-related loans. Now it has a mystery backer, as it explores the institutional route to expansion. That type of link-up is very much on-trend in the direct lending sub-sector of Fintech. AltFi reports the tale, excerpted below, with the full story here. Buy-to-let mortgage […]
Metro Bank’s arrival on the UK scene ten years ago was a breath of fresh air. Branch-based, people-focused, and even dog-friendly (water bowls and treats in branches), Metro was… retro, and pleasingly so. Now, however, the Twenty-First Century has caught up with the bank, which is looking to enhance its digital offerings. Our friends at […]
The Financial Conduct Authority (FCA) has attracted a lot of criticism for its oversight (or alleged lack thereof) of financial marketing. The investors in the failed London Capital & Finance (LCF) are rightly incandescent with rage at the loss of so much of their money – and much of the investors’ ire has been directed […]