Loot was a startup that offered a current account for millennials; last month it went into administration after they ran...
Since Feb. 24, due to the war, 4 million Ukrainian people settled in Poland overnight. Of that, 97% are women with children.
The UK government has released a white paper discussing its real estate property development initiative; UK P2P lenders continue to support the initiative through alternative funding for real estate borrowers; the government will also manage a 1 billion British pound ($1.25 billion) fund for financing specialized real estate developers; the UK is targeting 200,000 new homes. Source
UK Small business lender Funding Circle attempts to simplify the investment process by removing manual bidding in favor of a two tiered autobid process; the two autobid accounts will be: balanced with a targeted return of 7.5% and conservative with a targeted return of 4.8%; UK Managing Director James Meekings tells AltFi: "These changes will make lending at Funding Circle simpler, better, fairer. We want to create a level playing field for all investors and ensure everyone has the same opportunity to lend to UK businesses."; the changes were in response to individual investors "gaming" the system and not allowing the passive investors access to higher return loans which are very popular; according to AltFi this is a trend in in the industry with other platforms, including Zopa in May, moving to this process. Source
Standard and Poor’s released a report this week said that the UK peer to peer lending sector is poised for...
UK based challenger bank Clydesdale and Yorkshire Banking Group announced they would increase minimum salaries by 11 percent in an effort to boost pay to their female workforce; the bank released news that men were paid 37 percent more than women, mostly due to men being in higher paying roles; the bank signed up for the government’s Women in Finance Charter to help increase their proportion of women in senior roles to 40 percent by 2020 and 50 percent in the long term. Source.
New regulations in Europe are set to effect U.S. banks that serve EU based customers. Banks need to understand what data is shareable and what new protocols to put in pace before the regulations take place in May. Source.
The European Commission has launched the EU Digital Finance Platform, a website designed to build dialogue between fintech players and supervisors.
The European Central Bank will likely to opt for a centralized solution for its new digital euro, raising questions about state snooping.
Cloud-based FI Software Provider nCino Goes Public More than 100 potential suitors signal appetite for parts of Wirecard Apiture Raises...