The Financial Conduct Authority (FCA) has approved LendingCrowd for full FCA authorization which allows the company to offer investments through IFISAs; the approval follows a £2.75 million Scottish Enterprise investment in the platform's small business loans last week; the FCA's last approval was in October for P2PFA member firm, Lending Works. Source
Here are the most read news stories from our daily newsletter today: Augmentum Fintech increases share issue by £15mn –...
During a panel discussion at LendIt Europe in London representatives from leading incumbent lenders Lloyds Banking Group (LBG), ING, BBVA, HSBC, and Barclays discussed the challenges faces in the new digital world; topics discussed include cultural transformation, more power in the customers hands and trying to stay on top of the latest tech trends. Source.
The United Kingdom's Payment Systems Regulator (PSR) has reportedly put the card schemes on notice that it is looking into their fees.
The Vision Fund is a $100 billion investment portfolio and recently participated in a $440 million round in the challenger...
Last week, the crypto market cap dipped below $850 billion for the first time in almost 18 months. However, the recent jump in digital assets like Solana, Cardano and Polkadot has pushed the total market cap of cryptocurrencies to above $900 billion.
Leading the news this week was the incredible demise of Fast that imploded this past week. Also making news was a big M&A deal from Fast archrival Bolt, Jamie Dimon's shareholder letter discusses tech, the UK go all-in on crypto, the SEC wants to regulate crypto exchanges and more.
We learned recently that UK digital bank, Atom Bank, is exploring new funding that could lead to a possible sale...
The Central Bank of Ireland (CBI) has introduced a new crowdfunding regulatory regime, following a years-long campaign for regulatory recognition by Irish peer-to-peer lenders. The new regime requires all crowdfunding service providers to be authorised and subject to operational requirements and investor protection measures. They will also be required to incorporate appropriate warnings in their...
In just three months the digital bank has brought in £5.4 billion of deposits across 100,000 customers; the savings account...