HSBC UK has agreed to a partnership with consents.online, an Account Information Service Provider or AISP; the partnership is the...
Antony Jenkins, former CEO of Barclays and now head of 10x Future Technologies, writes in the FT that technology is...
Visa recently added BNPL vendors to its option list, covering 17 technology segments, including BIN Sponsors, IoT, and Tokenization.
On March 30, banking investor Cross River announced a funding round of $620 million, co-led by Andressen Horowitz and Eldridge Capital.
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
The Financial Times’ Lex column explains that the P2P market in the UK can learn a great deal from the 2016 experience in the US; as lenders continue growing and look to achieve scale they should be careful to not overdo it; while troubles have occurred in the UK they have not reached the same level and lenders need to be sure to preserve credit quality. Source.
The CEO and Co-Founder of Younited Credit talks banking, technology, Brexit, and his international expansion plans. Source
One of the challenges for the challenger banks like Monzo, Starling and Revolut is to go beyond the young demographic...
Gabriella Kinder, head of alternative credit at NN Investment Partners, writes a piece in AltFi focusing on where the lending gap is since the end of the financial crisis; she explains that the lending gap has been reduced and alternative lending has opened up opportunities; while banks are in better shape they still face challenges on the digital front and credit has been increasing since the start of 2015; overall the gap has reduced and new opportunities have opened up as finance has become more diversified and digital in recent years. Source.
Lawmakers are set to end even the smallest anonymous crypto transactions, and plan measures that could see unregulated exchanges cut off.