Change is the one constant of the stories surrounding Covid-19 and its effect on our markets – small and medium-sized companies, and FinTech players in the alternative-finance sector. More on the problems of bounce-back loans soon. Meanwhile, our friends at P2P Finance News P2P Finance News report research on the new thinking the crisis has […]
The Financial Conduct Authority comes in for plenty of criticism, but it seems to be ahead of the game when addressing the potential credit disaster that is waiting to happen as the long-term effects of Covid-19 kick in. Our friends at P2P Finance News report: The Financial Conduct Authority (FCA) has said guidance on payment […]
We hate to say it, but we told you so. Negative deposit rates have finally arrived – albeit as a way of charging for forex transactions. The Daily Mail reports: Starling has become the first British bank to introduce negative interest rates for personal account customers, though only those who hold high balances in euros […]
Money&Co. CEO Nicola Horlick has pointed to a substantial drop in Innovative Finance ISA (IFISA) inflows this years. She argues the Covid-19 crisis is a major contributor factor to the downturn. Nicola spoke to our friends at P2P Finance News, and we offer their accurate report of a recent interview as a reprise of Nicola’s […]
The FinTech sector is agile and far less affected by the horrors of Covid-19 than many more mainstream sectors of the economy. Nevertheless, many FinTechs are seeking niche business models, often involving secured lending (in the case of direct lenders) and are looking for consolidation and to bolster their capital reserves. News reaches us from […]
Small- and medium-sized enterprise (SME) borrowers have been urged to apply for government-backed emergency loan schemes through the biggest player in the UK’s direct-lending market, Funding Circle, before the schemes end. Our friends at P2P Finance News report: The peer-to-peer lending platform, which has received accreditation for both the coronavirus business interruption loan scheme (CBILS) […]
Today, we bring you the latest in the confetti storm of information as to how business is faring in the Covid-19 crisis. The various news stories reinforce our view – taken many months before the advent of the virus – that property-backed and other asset-backed niche lending is the way to go. Our friends at […]
Our friends at P2P Finance News run a nicely written piece of advertorial, aimed at persuading the reader of the benefits of diversification, or spreading risks in investment. We carry an excerpt from the piece, because it makes good sense – you can decide whether you want to buy the book it’s plugging for yourself. […]
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 Covid-19 lockdown has thrust change upon all sectors of UK industry. The alternative finance sector, of which Money&Co. is a well-known player, is among the most agile in the current UK economy. Our friends at P2P Finance News look at changing working practices in the direct lending sector. Peer-to-peer lending platforms have followed the […]