The Lending Revolution
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Help to Buy overshadowed by alternative finance - Financial Reporter

Help to Buy overshadowed by alternative finance - Financial Reporter | The Lending Revolution | Scoop.it
Help to Buy overshadowed by alternative finance
Financial Reporter
Help to Buy equity loans have so far provided £208 million in gross lending, according to official statistics for the period between May and September this year.
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Forget premiums: A peer-to-peer network will cover you - tech - 22 September 2013 - New Scientist

Forget premiums: A peer-to-peer network will cover you - tech - 22 September 2013 - New Scientist | The Lending Revolution | Scoop.it
People can now insure one another in peer-to-peer networks and do away with big insurance companies and premiums
TheLendingRevolution's insight:

Some great quotes in here 

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The Public Perception of Guarantor Loans

The Public Perception of Guarantor Loans | The Lending Revolution | Scoop.it

The guarantor loan industry is growing fast and public awareness of the product is rising along with it. Although they’re actually the ‘original’ loan model, when guarantor loans enjoyed a resurgence after the recession, the UK public was initially slow to accept them as a mainstream form of borrowing. Although inroads have been made, there is still work to be done here.  Current awareness is being helped along in part due to the high-profile television adverts by one of the main guarantor lenders trading at the moment.

TheLendingRevolution's insight:

Will increased awareness drive this form of alternative lending further towards becoming mainstream? 

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OFT forces payday lenders out of market

OFT forces payday lenders out of market | The Lending Revolution | Scoop.it
Following a demand for firms to improve their practices, the OFT says 14 have chosen to stop offering payday loans
TheLendingRevolution's insight:

The first casualties of the OFT review, will more follow?

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Opinion: Funding Circle’s controversial minimum bid move -

Opinion: Funding Circle’s controversial minimum bid move - | The Lending Revolution | Scoop.it
Funding Circle's minimum bid move is good news for the competition
TheLendingRevolution's insight:

Very interesting piece from rebuildingsociety.com 

 

The market leader changes the dynamics of the P2P industry and shapes their own customer profile. 

 

All this is good news for the competition! 

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Payday lending advertising faces ban under hard-hitting new rules

Payday lending advertising faces ban under hard-hitting new rules | The Lending Revolution | Scoop.it
Payday lending advertising could be banned under hard-hitting new rules being considered by the new City Watchdog.
TheLendingRevolution's insight:

As payday lenders face the possibility of a ban on advertising, or similar restriction as cigarette companies, could this result in more leaving the market? 

 

With strict regulations squeezing margins and affecting price elasticity, will it be the big players in the market who have previously invested in advertising who will be left? 

 

Or will payday lenders shift over to guarantor lending or logbook lending to gain a point of differentiation and a competitive edge? 

 

 

 

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Nostrum Group announces live operation of our full outsource service for The Green Deal Finance Company.

Nostrum Group announces live operation of our full outsource service for The Green Deal Finance Company. | The Lending Revolution | Scoop.it
The Green Deal Finance Company is an industry led consortium with over 50 members that recently raised £244 million from its stakeholders, to support the
TheLendingRevolution's insight:

This is a very exciting initiative and great news for Nostrum Group, firmly proving their strength in innovation and technology. 

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Our P2P lending survey in infographic form -

Our P2P lending survey in infographic form - | The Lending Revolution | Scoop.it
Key findings from rebuildingsociety.com's consumer research
TheLendingRevolution's insight:

It is clear that Peer-to-Peer (P2P) lending is becoming a contender to close the gap on corporate lending in the UK whilst the Funding for Lending Scheme (FLS) picks up pace. 

 

Whilst P2P is not main-stream yet, it is certainly developing swiftly with many of the P2P lenders advancing more than £1 million per week, equating to almost one per cent of the UK consumer loans market.

 

The main barrier to the uptake of P2P lending is awareness and knowledge in general, and as potential lenders or investors build up their understanding of this form of alternative lending, it is predicted that this sector will continue to go from strength to strength.

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Infographic: The Growth of Alternative and Complementary Finance for SMEs

Infographic: The Growth of Alternative and Complementary Finance for SMEs | The Lending Revolution | Scoop.it
The market place for business finance is changing rapidly. This infographic highlights why and shows key facts and figures relating to the fast-growing Alternative and Complementary finance sectors. Enjoyed our infographic?

Via Louise Beaumont
TheLendingRevolution's insight:

Great infographics from Platform Black

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New dynamic website launch

New dynamic website launch | The Lending Revolution | Scoop.it

We are very excited to announce the launch of our dynamic new look website.


www.nostrumgroup.com

TheLendingRevolution's insight:

Nice website!

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Lloyds and Barclay’s Business Customers Now Qualify for Instant Loans Through EZBOB

EZBOB, the online lender providing finance to e-tailers, has announced that online sellers who are business customers of Lloyds and Barclays can now share their business data and qualify for an instant loan of up to £40,000 at the click of a button.

TheLendingRevolution's insight:

'Big Data' drives lending to e-tailers as EZBOB adds to its data source. Very interesting proposition for online retailers

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RBS to review small business lending

RBS to review small business lending | The Lending Revolution | Scoop.it
RBS launches an independent review into its small business lending, saying it has £20bn that could be lent to firms.
TheLendingRevolution's insight:

New developments in the Funding for Lending Scheme (FLS) as it's reported that the major banks have been quite risk averse when it comes to lending to SMEs, with RBS holding on to a surplus of £20bn.

 

Will an external review help to boost the industry’s confidence and result in a fairer distribution of funds?  

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Expo-dition. | crowdfunding podcast UK

We had an eventful day out at the NEC in Birmingham this week, when we visited the annual Expo of the National Association of Commercial Finance Brokers to meet
TheLendingRevolution's insight:

Some great insight from the NACFB expo. Definitely Worth a listen!

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Hello bank! Mobile, just like you | Bank BNP Paribas

Hello bank! Mobile, just like you | Bank BNP Paribas | The Lending Revolution | Scoop.it
TheLendingRevolution's insight:

BNP Paribas obviously spotted a market niche that they have exploited to create this new-generation online bank. 

 

With Hello bank being 100% digital & mobile, is it only a matter of time before they develop and launch in the UK? 

 

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Finextra: Barclays extends mobile payments to retailers with Buyit

Finextra: Barclays extends mobile payments to retailers with Buyit | The Lending Revolution | Scoop.it
Barclays customers will soon be able to use their Pingit mobile payments app to make purchases by scanning QR codes on adverts, the bank's managing director of cash management, Richard Martin, has told Finextra.
TheLendingRevolution's insight:

It is clear that in every walk of life mobile technology has become a part of everyday life for most people. We have loved our mobile phones for many years, but now we are firmly addicted to our smartphones. These changes have been driven by some of the world’s most successful brands.

Without doubt, mobile technology is here to stay as it gains traction and presents tremendous opportunities for interaction with customers, so much so that it is rapidly becoming a mandatory requirement.

 

Today’s multi-channel customers are increasingly time poor and tech savvy so demand the ability to purchase products as and where they wish. To capitalise on this behavioural demand, companies need to follow Barclays lead and keep at the forefront of innovation in mobile payments

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