We currently have a loan offer on site that is 25 per cent funded. We also have a number of lenders with money parked on deposit – where it is not loaned out and therefore not earning income. So we thought we’d remind visitors and registered lenders that lending to our carefully vetted borrowing companies […]
Digital banks, challenger banks (not quite the same thing) and the open banking initiative are individually and collectively ringing changes in the alternative-finance sector. Our friends at Altfi report the latest: UK Open Banking is undergoing its biggest shakeup in years. The body established by the CMA’s Retail Banking Market Investigation Order in 2017 to deliver open […]
The FinTech sector is undoubtedly booming. With buoyant funding levels, new product launches and acquisitions aplenty, our friends at Finextra report the latest. With VC investment in the UK’s financial technology sector soaring, Tech Nation has unveiled the 30 scaleups selected to participate in the fourth cohort of its fintech programme. The six-month government-backed programme […]
With several new loans in the pipeline, our popular managed portfolio service is likely to become more prominent. Here’s a brief reminder of its attractions. Clients of the Money&Co Portfolio Service have access to loans with a typical fixed return of 7%, without the need to manage a portfolio of loans. You will receive a […]
There have been several moves to crack down on alternative finance in the United States (the regulators have threatened lawsuits against various cryptocurrencies, etc). And entry to the mainstream market in banking is very jealously guarded. Our friends at Altfi bring the latest news. Banking licences are famously difficult to get, particularly when you are […]
The universe of financial technology is expanding fast. The most significant growth is in the banking area, with new digital banks seeking to enter the market and challenge the mainstream almost every day. Our friends at Altfi offer the latest news. New neobank Chase has partnered with 10x Banking, to launch its entry into the UK retail […]