Goldman Sachs has presented the firm’s vision for the future, with Marcus, the savings venture, to the fore, according to Crowdfundinsider. It’s worth noting that platform lending offers, such as Money&Co.’s with an average return of over eight per cent gross over more than five years, offer a far greater return. However, the extra yield […]
Many commentators, including ourselves, have predicted shake-out in the platform lending sector. Economies of scale, mergers, new lending streams and, in some cases, moves towards banking all look likely to us. Our friends at P2P Finance News report the latest from the platform lending sector. ThinCats has told its customers that it is shutting down […]
Whatever happened to transparency? The platform lending, or peer-to-peer (P2P) sector has been roundly criticised for lack of transparency in its loan books. Much of that criticism is well founded. If you cannot judge the status of an individual loan (very difficult once they’re all wrapped up together in a security) how can you make […]
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’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 […]