Today we bring news of the latest step along the evolutionary path that is bringing convergence between mainstream finance and the alternative-finance sector. Our friends at Altfi report a significant development: The pioneer of peer-to-peer lending Zopa is to shut its P2P platform after 16 years in a bid to focus on its growing bank and credit […]
Today, we bring you a new snippet from the running theme as reported in this News section of convergence between the mainstream and the alternative-finance sector, with the announcement of the grant of a new banking licence. Our friends at AltFi report: SME credit card lender Cashplus is now a full-on SME bank. This morning the Prudential […]
Thanks to our friends at AltFi for the latest report on the convergence of mainstream and “alternative” finance. The over-used epithet “disruption” really does apply to financial technology. Administration and credit analysis are both massively enhanced by the advent of cutting-edge technology. For now, at least, big data and artificial intelligence alone are not enough […]