Gimi, in a partnership with ABN Amro has released a financial literacy app for children. According to its founder, the effects could go far beyond economic benefits.
Zopa plans to reopen to new investors by end of the year after stopping investor on boarding earlier this year; they stopped taking new money because they were finding it harder to get good quality borrowers; they also saw a big jump in demand for their Innovative Finance Isa; while the plan for opening to new investors is targeted at year end it could be delayed by existing investor's Isa demand. Source.
According to Peer2Peer Finance News, "The inaugural Peer2Peer Finance News Power 50 list aims to identify the big names in the industry who have helped it grow into a force to contend with over the past decade and who will play a key role in its future."; rounding out the top 10 include executives from RateSetter, Zopa, Funding Circle as well as Christine Farnish from the P2PFA, Bruce Davis, co-founder of Abundance, Mark Carney, governor, Bank of England and Andrew Bailey, chief executive, Financial Conduct Authority. Source
Banca Passadore & C., an independent bank serving private and business customers since 1888, makes available PassadorePay international debit cards created in collaboration with Nexi, Europe's leading PayTech in the digital payments sector.
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This marks a first for a UK bank to launch a biometric fingerprint card; it is currently in pilot phase...
Earlier this month, the European Crowdfunding Service Providers Regulation (ECSPR) went into effect across the entire European Union. A dramatic step forward in removing internal borders in regards to capital formation, and part of the overall Fintech Action plan, the regulation allows firms in need
Capify is a small business lender serving the UK and Australian markets; the company makes online merchant cash advances as...
The Fintech Delivery Panel (FDP) is a new industry group focused on helping promote the UK fintech in the wake of Brexit; members include TransferWise, Funding Circle, Onfido, Monzo, FreeAgent, MarketInvoice, Starling Bank, Barclays, HSBC, RBS and Santander; the group plans to meet four times a year and post meeting minutes on the website of TechCityUK. Source
One of the more controversial items of the past year around the world has been the Brexit vote in the UK, and at LendIt USA 2017 we hosted a panel of leading platforms to discuss what the vote has meant for their companies thus far; consensus opinion throughout the panel was that the campaign leading up to Brexit had a worse effect than the actually vote; most investors these platforms work with wanted Brexit, so the vote of leaving the EU was not a surprise to many platforms; origination volumes have rebounded since the vote and both small business and consumer markets are currently strong in the UK; during the campaign for Brexit a lot of uncertainty was in the market but that uncertainty and bad news was short lived; markets rebounded, the bad news cycles slowed and UK MPL platforms continue to show strength in the post Brexit world. Source




