Thunes, is speeding up its global expansion with the setting up of a regional hub in Miami to expand into new Latin American markets.
One of the top three P2P platforms in the UK loses their new chief risk officer only six months after he was initially hired; Cyrille Salle de Chou, who initially came from Lloyd's Banking Group, is now headed to HSBC to be the chief risk officer of their European retail business; Salle de Chou told the Financial Times: "[It is] a great opportunity I could not refuse. Not a sign of concerns re RateSetter. I thoroughly enjoyed my time at RateSetter." Source
The ENABLE Guarantee program is now open to non-bank lenders including asset-based loan providers; as part of the program the...
The Bank of England's Financial Policy Committee discussed concerns over consumer credit defaults in its recently released minutes; credit card, bank loan and car loan borrowing has increased and the Bank is also concerned about prolonged interest free offers and eased underwriting standards; stress testing has revealed potential losses for banks of 18.5 billion British pounds ($23 billion) on their consumer credit loans and 11.8 billion British pounds ($15 billion) on their mortgage loans; as the Bank monitors consumer lending, it is likely new constraints will be required to manage risks in the new economic environment. Source
Giles Andrews launched Zopa, the industry's first peer-to-peer lending platform, in 2005; he has now taken on a new role as the chairman of MarketInvoice; MarketInvoice provides P2P financing for small business invoices giving them an alternative source for working capital; Giles Andrews will help the firm scale its business and reach its 2017 goal of 2 billion British pounds ($2.48 billion) in lending. Source
UK based digital bank Revolut appointed Standard Life Aberdeen co-chief executive Martin Gilbert as an advisor along with a number...
Today, the eight finalists pitched virtually in front of several leading VCs, and one came out on top. At the finale of the pitch competition, Canny Co took the gold prize.
The pandemic has helped many fintech firms prove their worth even if there has been a fair share of down...
Here are the most read news stories from our daily newsletter today: The First All-Fintech Megadeal: Square is Buying Afterpay...
Enfuce announces that Swedish fintech Gee Finance has selected Enfuce as its card issuing partner. This partnership enables Ge