The pandemic has certainly been an agent for change. The need to adapt strategy and business direction has become a matter of survival for both mainstream and alternative financial sectors. The inventiveness, mothered by necessity, may even see one of the oldest and best-established direct lending platforms morph into an altogether different type of financial […]
The dust thrown up by the Covid-19 virus hasn’t even begun to settle yet. Our friends at Crowdfundinsider report on a new platform set up to facilitate funding for companies that don’t qualify for the various government relief schemes. This is a separate issue from the scramble among altfi platforms to qualify for distributor status. […]
On top of Covid issues, there are genuinely man-made threats to our financial environment – as investors in LCF bonds, as lenders who lost money in the collapse of the Lendy direct lending platform will doubtless agree. The FinTech Times looks at another major man-made problem, and the outlook for regulation in the wake of […]
We continue our regular News updates on the UK government’s stimulus schemes, launched to combat Covid-19. Legal site JD Supra takes a look at the success, or otherwise, of the initiatives. We run an excerpt, with the full story available here. Each Scheme targets businesses of different sizes and, as such, provides differing levels of […]
Cash usage is fastest declining in the UK compared with the rest of Europe during coronavirus, according to research from Accenture. We’ve posted a blog recently on payment systems and the fast-changing identity requirements 9biometrics, etc) and how this will ultimately change what we think of as money itself (see the piece here). Cash certainly is […]
Charles Rendell, chair of the Financial Conduct Authority, recently made an online presentation to retail bankers and others on the “front line” of the financial services industry. Mondovisione carries the text of the speech. We offer bullet-point highlights and the introduction. The full text is available here: Highlights The coronavirus (Covid-19) crisis shows we need […]
How are you doing? Nowadays, this question isn’t just a conversational gambit, but a genuine enquiry about health and well-being. Early indications point to a difficult future for SMEs in the post-Covid UK. There’s plenty of good intention from the government – but, of course, some might see good intentions as the paving stones on […]
From office attendance to app presence? UKTech News reports a successful tech raise of special relevance in a world of remote working and the changes brought about by the Covid-19 pandemic. For a lean and mean team like ours at Money&Co., simple digital meeting devices work very well – but this app may be a […]
To paraphrase a well-known song: nobody said it would be easy, but nobody said it would be this hard. No-one’s faulting the effort going into to reviving a crisis-hit economy – but planning and execution? That’s different. AltFi reports the latest on the Bounce Back Loan Scheme (BBLS). We run an excerpt from the full […]
Self-isolation and working from home come easily to the team at Money&Co. We have a small team and, thanks to a super-conservative approach to risk analysis, we have a business that functions well, despite difficult conditions in a Covid world. Incidentally, that conservative approach to risk analysis means that the flow of loan offerings on […]