Zopa, who specializes in unsecured consumer loans may be looking to expand into secured loans, specifically the auto segment; the company sees a healthy level of demand but a generally poor consumer experience; Zopa's Chief Marketing Officer Amy Miller stated, "People are getting poor deals in that area and end up paying significantly higher annual percentage rates than they would if they arranged their financing before going into a dealership."; the company is also reportedly considering other loan terms, such as 18 month loans as well as a balloon payment loan. Source
The article discusses recent news of decreasing valuations of GLI Finance backed companies, potentially higher losses on Zopa's platform and troubles at Wellesley & Co. Source
As sustainability becomes central to the public eye, carbon emissions transparency is key. Connect Earth launch a sustainable investment API.
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Head of the IMF, Christine Lagarde, said she thinks it is inevitable that global regulators come up with new regulations for cryptocurrencies; the IMF has been primarily focused on how the new currencies are being used for money laundering and funding illicit activities; this isn’t the first time the IMF has hinted at and discussed cryptocurrency regulations; trends in the direction of new legislation have been hinted at for some time though nothing widespread has occurred yet. Source.
Mexican digital payments system CoDi has been around for more than two years yet a large part of the population is unaware of it.
The challenger bank will be a standalone digital bank aimed to compete against Monzo and Revolut; according to Sky News, the project is so confidential that very few people are familiar with the project internally; sources state that Mark Bailie, the bank’s former COO is leading the new venture with tens of millions of pounds of backing for the new platform. Source