Manchester City have today announced a global partnership with the world's second largest crypto exchange, OKX,
Funding Circle recently announced it would be shifting away from manual lending to auto bidding; with the change Funding Circle follows its two closest competitors Zopa and RateSetter who only offer auto-bid options; with auto-bid investors gain access to more diversified investments; P2P Finance News outlines the UK P2P industry auto-bid platforms versus manual bid platforms. Source
During their latest earnings call Goldman Sachs revealed their digital bank Marcus brought in more than $35bn in deposits in...
By any measure the Goldman Sachs rollout of their Marcus deposit product in the UK has been a resounding success;...
Eighteen months ago Marcus launched their easy access savings account; now they are launching a one year fixed savings account...
As Marcus looks to launch a UK savings product soon the bank is already eyeing additional European markets; they plan...
Marcus by Goldman Sachs just reached a big milestone from their UK based team, in 8 months they have amassed...
Credit platform MarketFinance has secured debt financing from Deutsche Bank to partly fund £100m of loans to SMBs in the UK.
MarketInvoice has appointed Shaun Alexander to head of risk; Alexander joins MarketInvoice from Santander and will be the firm's first head of risk directly overseeing the underwriting unit of the business; the new hire is another example of a fintech firm adding traditional banking risk oversight experience; MarketInvoice expects Alexander will help improve risk management for the firm by providing broader insight on sector risks and market risk factors. Source
MarketInvoice has reached a 1 billion British pound invoice funding milestone; in the past 14 months it has financed 500 million British pounds of invoices; just recently reaching the 1 billion British pounds funding milestone, it reported invoices funded of 958,029,836 British pounds as of October 31 with a total loan amount of 765,451,443 British pounds; the company has been in business since 2010 with a total of over 20,000 transactions; it currently offers loans of 10,000 British pounds to 3 million British pounds for company invoices. Sources