The UK marketplace lending industry is likely to see several factors causing change in 2017; the Financial Conduct Authority has reported several concerns which may increase regulatory pressure; demand for loans and capital investment are also slowing; larger platforms will have a greater advantage while the smaller platforms may see greater challenges; competition and partnerships among traditional financial service providers and fintech companies will also continue to be significant for the market overall. Source
Pindrop’s Vijay Balasubramaniyan on how top bank call centers are navigating the COVID crisis The Timing Of Apple’s QR Code...
Stripe, an online payment processing platform, announced the official release of Stripe Apps and the Stripe App Marketplace on Tuesday.
Stash opens the metrics kimono regarding growth during the pandemic How Sunrise Banks and Anvil onboarded $127M in PPP loans...
Anthemis Group, an investment platform committed to cultivating change in the financial system today announced they have closed multiple funds....
The high-street bank will launch its buy now, pay later venture in the summer, saying it's set to be the first high-street bank to move into the alternative credit sector.
ABN Amro, ING and Rabobank were the victims of DDoS cyber attacks this past weekend; all the banks saw their websites become unavailable or would run extremely slow; the companies have released statements that their services are now fully restored and that clients’ details were not compromised. Source.
The Portuguese bank announced it will invest in notes issued by CrossLend; CrossLend is a European marketplace lending platform that operates across many European countries; Banco BNI Europa views the investment as a diversification play. Source
Despite recent challenges with accounting issues in its Asian arm German payments company Wirecard has received a $1 billion funding...
CapitalRise has announced the launch of an innovative finance individual savings account (IFISA) offering its investors a tax free account for investing in the firm's real estate investments; investors can invest in the IFISA with a minimum of 1,000 British pounds ($1,223); the investment maximum for the current tax year is 15,240 British pounds ($18,632) and the maximum will increase to 20,000 British pounds ($24,451) in the following tax year; the platform offers a range of real estate loan property investments in the UK with tax-free returns of approximately 10% to 14% per year. Source