UK Bond Network has received authorization from the Financial Conduct Authority (FCA); allows UK Bond Network to offer investors access via the innovative finance individual savings account (IFISA); the FCA is now authorizing both crowdfunded lenders and bond platforms. Source
The bank has seen behavior in the unsecured personal loan market getting out of control; lenders are trying to battle each other to offer cheaper loans in an uncertain time; Paul Lynam, chief executive of Secure Trust, said, "The competition becomes excessive; lenders tend to continue to fight for market share, which means lower pricing."; this is not the first time Secure Trust has pulled back on unsecured consumer loans; in 2006 they ceased originations only to come back in 2009. Source
BBVA Compass’ Alex Carriles on the impact of choosing the right data aggregation provider Socure Raises $30M in Series C...
The consultancy and trade body have teamed up to launc
Mastercard Launches World-First “Buy Now, Pay Later” Commercial Card Solution for Small Business Financing in APAC.
German-based marketplace lender Bitbond has partnered with African payments provider BitPesa to improve the lending experience for small and medium enterprise (SME) borrowers; Bitbond will enhance the blockchain lending services of its platform by incorporating cross-border payments through BitPesa; the BitPesa payments platform can make payments in 20 minutes and is now live in Kenya, Nigeria, Uganda and Tanzania. Source
Hidden Road, a global credit network, announced on Thursday that it had closed a $50 million Series A led by Castle Island Ventures.
Jonas Ng, KeyBank, sits down with Ali Paterson to talk about scalability in the cloud for financial institutions.
DiliTrust offers a governance suite to meet the challenges of digital transformation for legal departments.
One of the UK’s biggest banks, Lloyd’s Banking Group, is planning to spend $4.2bn on digital transformation over the next 3 years; the bank is looking to go beyond just becoming more efficient as they said they are looking to also make the biggest ever investment in people; the move by Lloyd’s is part of a wider trend in banking where incumbents are investing heavily into digital. Source.