Alternative Finance and FinTech
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Alternative Finance and FinTech
Essential insights from the world of Alternative Finance and FinTech
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Visibility vs. credibility in FinTech - which one will win?

Visibility vs. credibility in FinTech - which one will win? | Alternative Finance and FinTech | Scoop.it

In perfect free markets, credibility would trump visibility every single time. But online consumer markets are not perfect, and nor are they free. And online consumers tend to mix visibility with credibility.

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Start-ups to face competition as incumbents enter crowdfunding space

Start-ups to face competition as incumbents enter crowdfunding space | Alternative Finance and FinTech | Scoop.it

The rate of proliferation of crowdfunding platforms across Europe has been explosive over the past decade, and this growth is set to continue. In the last year, the number of crowdfunding platforms in operation has increased by more than two fifths (approximately 43%), and Europe is now well on its way to rivalling the growth rate of the world’s largest crowdfunding market, North America.

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One of the City's biggest independent brokers is betting the house on FinTech

One of the City's biggest independent brokers is betting the house on FinTech | Alternative Finance and FinTech | Scoop.it

The £2.9 billion City of London dealer-broker announced a deal to sell its global broking division to rival Tullett Prebon last year.

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Capital One UK launches FinTech start-up accelerator

Capital One UK launches FinTech start-up accelerator | Alternative Finance and FinTech | Scoop.it
Capital One UK is inviting fintech start-ups to join its newly launched Capital One Growth Labs – “an accelerator programme for early-stage start-up and high-growth companies”.
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Cracks are appearing in fintech lenders

Cracks are appearing in fintech lenders | Alternative Finance and FinTech | Scoop.it

People who are only allowed to borrow when money is easy may default on their loans when times get tougher. This principle has brought banks low for centuries and it has now struck fintech, the blend of finance and technology that was supposed to be cleverer and more efficient than them.

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UK peer-to-peer lenders talk up regulation after Lending Club ruckus

UK peer-to-peer lenders talk up regulation after Lending Club ruckus | Alternative Finance and FinTech | Scoop.it

Barely a decade old, the UK sector has loaned 6.4 billion pounds (S$12.65 billion) so far: tiny compared with the high-street banks, but offering small companies and individuals an alternative source of cash to put business ideas into practice.

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RateSetter recruits Chief Risk Officer

RateSetter recruits Chief Risk Officer | Alternative Finance and FinTech | Scoop.it

Cyrille Sallé de Chou is joining the RateSetter platform from Lloyds Banking Group, where he currently serves as Credit Risk Director, Mortgages, overseeing one of the biggest loan books in the UK.

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FCA pledges to help fintech firms disrupt big banks

FCA pledges to help fintech firms disrupt big banks | Alternative Finance and FinTech | Scoop.it
Regulators should “be bolder” and make sure new companies can disrupt big incumbents, even if it appears to let risks into the financial sector, the City’s top regulator has said.
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Engineering company secures £500,000 investment

Engineering company secures £500,000 investment | Alternative Finance and FinTech | Scoop.it

Plymouth-based MGB, which provides engineering services to safety critical industries, has secured £500,000 to support its work with Network Rail. The company has been backed by crowdlender ArchOver based on previously secured contracts and its potential to secure more when Network Rail Control Period 5 Delivery Plan (CP5) begins later this year.

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Fintech’s momentum outpacing banks

Fintech’s momentum outpacing banks | Alternative Finance and FinTech | Scoop.it

For many years, banks have relied on customer trust. In some circles, that trust was seriously eroded during the financial crisis, and banks overall have worked to rebuild it. Fintech firms often portray a rebel’s attitude, by contrast. It goes with the “cool.” Many in fintech wear the “disruptor” badge with pride.

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Brexit watch - service sector slide blamed on leave concerns

Brexit watch - service sector slide blamed on leave concerns | Alternative Finance and FinTech | Scoop.it

Fears that Britons might actually vote to leave the EU has pushed services sector activity in the UK to a three–year low, according to a survey from Markit/Chartered Institute of Procurement & Supply.

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European Commission promotes use of investment crowdfunding

European Commission promotes use of investment crowdfunding | Alternative Finance and FinTech | Scoop.it

The European Commission, as part of the Capital Markets Union (CMU), has published a working document on investment crowdfunding as it seeks to boost access to capital for SMEs.

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ThinCats breaks record for largest non-property P2P loan with £3.5m auction for LAMP Group

ThinCats breaks record for largest non-property P2P loan with £3.5m auction for LAMP Group | Alternative Finance and FinTech | Scoop.it
CCRMagazine.com - the online information resource for credit management professionals in the UK and worldwide.
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FinTech shake up awaits

FinTech shake up awaits | Alternative Finance and FinTech | Scoop.it

Growth in the UK’s FinTech sector is fuelling innovation in financial services. Backed by both government and regulator, digitisation is predicted to shake up the way customers access and use financial services. And this, of course, has profound ramifications for traditional providers and advisers.

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Direct lending funds back in focus as an alternative source of finance for SMEs

Direct lending funds back in focus as an alternative source of finance for SMEs | Alternative Finance and FinTech | Scoop.it
In the aftermath of the financial crisis, the implementation of the Basel III agreement in the EU as part of the Capital Requirements Directive IV (CRD IV) legislative package has resulted in widespread deleveraging by EU banks. As a result of the limits placed on the capacity of banks to lend, small and medium-sized enterprises (SMEs) have been experiencing difficulty in accessing funding for operations, expansion and investment.
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LendingClub, the poster child of online lending, is in a life-threatening crisis - here's what you need to know

LendingClub, the poster child of online lending, is in a life-threatening crisis - here's what you need to know | Alternative Finance and FinTech | Scoop.it

The peer-to-peer lender LendingClub is on the cusp of being investigated by the US Department of Justice and the Securities and Exchange Commission, and it is in emergency talks to coax more buyers onto its platform to shore up the business.

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SyndicateRoom Series A pushed beyond £2m by £1m VCT investment

SyndicateRoom Series A pushed beyond £2m by £1m VCT investment | Alternative Finance and FinTech | Scoop.it

SyndicateRoom, which opened its £2.3m series A round to the public at 9.00am on Tuesday, placing a £25m pre-money valuation on the business, announced at 6.00pm the same day that Unicorn AIM VCT had joined the fundraise to the tune of £1 million.

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Is marketplace lending in crisis? What impact can we expect on the UK listed funds?

Is marketplace lending in crisis? What impact can we expect on the UK listed funds? | Alternative Finance and FinTech | Scoop.it

The shine has very definitely come off the marketplace lending revolution amongst public market investors. Yesterday’s 35% fall in the share price of US market leader Lending Club caps a truly extraordinary last few weeks.

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P2P body denies Lending Club scandal will damage industry

P2P body denies Lending Club scandal will damage industry | Alternative Finance and FinTech | Scoop.it

Concerns a major scandal in US peer-to-peer lending will impact the UK market have been downplayed by the sector’s trade body, after the chief executive of one of the biggest P2P players in the world was fired for misleading an investor.

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Barclays' old CEO is getting into fintech

Barclays' old CEO is getting into fintech | Alternative Finance and FinTech | Scoop.it

Antony Jenkins, the former CEO of Barclays, is preparing to launch his own financial technology, a.k.a fintech, venture, according to reports.

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P2P industry berates advisers’ lack of interest in sector

P2P industry berates advisers’ lack of interest in sector | Alternative Finance and FinTech | Scoop.it

Senior figures in the peer-to-peer (P2P) industry have criticised advisers for ignoring the sector, despite government initiatives, with some saying efforts to engage the advice community have proven pointless.

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North-East firms unhappy with bank charges, says NECC and Smart Money People survey

North-East firms unhappy with bank charges, says NECC and Smart Money People survey | Alternative Finance and FinTech | Scoop.it

A major survey of business banking has revealed that businesses are moderately satisfied with their banks, but high account charges and slow account opening processes are a concern.

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Bank of England busy preparing for Brexit vote

Bank of England busy preparing for Brexit vote | Alternative Finance and FinTech | Scoop.it

The Bank of England is consumed with preparing contingency plans for Britain to leave the EU, with staff across its financial stability, monetary policy and regulatory wings ready to calm any turmoil.

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The next step for crowdfunding: “crowd-directing”?

The next step for crowdfunding: “crowd-directing”? | Alternative Finance and FinTech | Scoop.it

Investors today have access to a wider variety of investments than at any other time in history; the rise of the alternative finance industry has democratised investment, and unquoted equity is no longer just the preserve of finance professionals and industry insiders.

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U.K. SMEs are becoming risk averse to seeking external finance

U.K. SMEs are becoming risk averse to seeking external finance | Alternative Finance and FinTech | Scoop.it
Over three quarters of UK SME owners admit that risk of debt prevents them from seeking external funds, according to new research, indicating that a ‘non-borrowing culture’ among small businesses could be thwarting the market’s return to a pre-financial crisis state.
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