Lloyds Bank’s Bishop shares views of working with Alternative Finance platforms to support SMEs
Speaking on the latest edition of ArchOver’s ‘The Crowdfunders Show’ broadcast in partnership with Share Radio this week, Angus Dent, CEO of crowdlending platform ArchOver, said that crowdlenders were “not the nemesis of the traditional banks, nor vice versa.” (Blue & Green Tomorrow)
Alternative finance platforms set to lend £5bn to UK businesses
The UK alternative finance market is proving incredibly popular with small businesses as they look to avoid traditional high street lenders. By November, alternative lending will hit the £5 billion mark, with companies shelling out on average £211.5m a month during 2015. (SME Insider)
VC investment in UK FinTech reaches record highs
VC investment into the UK’s technology and FinTech sector has reached a record high with London-based firms bagging 75% of the £1.4 billion raised since the beginning of this year. (Payments Cards & Mobile)
EX-Citi CEO Pandit invests in TransferWise
Vikram Pandit, the former chief executive of Citigroup, has invested in TransferWise, the London-based financial technology start-up that is building a high-profile roster of investors. (FT)
Crowd2Fund launches "The Exchange"
Crowdfunding platform Crowd2Fund is opening “The Exchange”, where investors will be able to sell off investments and access their capital. (City A.M.)
What will rising UK interest rates mean for P2P lending?
A number of leading names in the peer-to-peer lending sector, including Ablrate's Andy Sweeney, Zopa's Giles Andrews and Louise Beaumont of GLI Finance, look at the impact rising interest rates could have on the P2P market. (City A.M.)
FinTech expert calls for urgent reform of '20th century FOS'
The Financial Ombudsman Service needs to be reformed if robo-advice is to stand a chance of flourishing in the UK, a technology expert has told the regulator. (Professional Adviser)
Investment trusts set focus on P2P
Alternative finance could be the focus of the next wave of expansion in investment trusts, as managers look to peer-to-peer lenders for steady returns. (FT Adviser)
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