More evidence of changing times and the slow integration of the alternative and mainstream financial worlds. See this from our friends at P2P Finance News. More than 1m customers have made use of Open Banking technology in the two years since the tool came into effect. Open Banking was introduced in 2018 to allow bank […]
No-one could accuse the platform lending sub-sector of the alternative finance industry of chasing snappy PR concepts. Following the demise of the P2P Finance Association (which only had a handful of big players, anyway) the quango Innovate Finance has announced the launch of a new body 36H. 36H is not a clothing measurement, but a […]
A number of our registered lenders have deposited money, but not deployed it in loans. So it seems sensible to underscore the fact that lending is not a one-stop process (it’s a tiny bit more pro-active than just parking money in a cash account). So here is our guide to the process of lending and […]
With the arrival of more loan offerings on site imminent, the opportunity to diversify loan holdings – always a good idea – will be a little greater. We thought it opportune therefore to revisit our popular managed portfolio service, which has in-built diversification. Here’s a brief reminder of its attractions. Clients of the Money&Co Portfolio […]
With new loan offerings lining up to land, we tough we’d remind readers that platform lending or peer-to-peer (P2P) lending can be a lucrative activity. The average yield achieved by our registered lenders over more than five years of loan facilitation on this platform is more than 8 per cent, before we deduct our one […]
We are pleased to announce the arrival of a new loan offer on site. This small tranche of £30,000 is the fourth offering from this borrower. After passing through our credit-analysis process, the loan is risk-rated B, with an 11 per cent gross yield, that is 10 per cent after deduction of Money&Co.’s one per […]
We’re all for simplification, but is this the right kind of simplicity? The Financial Conduct Authority (FCA) is set to reform the easy access cash savings market, and will require firms to set a single easy access rate (SEAR) across all easy-access accounts. The thinking behind the move is evident – lots of savings account […]
January is a time of looking both backwards and forwards. We’re keeping our powder largely dry on the positive aspects of 2020 for Money&Co. – new loan tranches, the incursion into banking – and indulge in a further moment of retrospection. Our view on the problems created for the platform lending sector by investment bankers […]
Regular readers will be aware of our timely updates on the troubled relationship between mainstream investment and the alternative finance sector. We’re not saying that all the early investments in the altfi sector were foolish, far from it. But it’s true to say that some of the institutional investors did seem to rush in at […]
The new business year has begun with the usual rash of predictions from pundits talking their own book. One of the less partial and more interesting comes from an opinion piece published in AltFi. The prediction of closer union between mainstream asset management and platform lending is well argued, and such a development will serve […]