In the news - 13.11.15

The Marketing Eye Newsletter

 
The latest news from the world of Alternative Finance and FinTech
 
 
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Lloyds expects “many thousands of customers a month” to be passed into finance referral scheme

Lloyds Bank expects “many thousands of customers a month” to be passed into the formal finance referral scheme when it goes live next year, according to its Head of Business Development for SME Lending, Andy Bishop. (The Marketing Eye)


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Small businesses in the North hit hardest by overdraft cuts

 

Small and medium-sized enterprises in the North are facing bigger bank overdraft cuts than small businesses in London, new research from Funding Options has revealed. (Startups)


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Credit4 reveals new product aimed at small businesses

 

Small business lender Credit4 has announced that it is launching a new product. The ‘Dual Growth Funding (DGF)’ facility will allow customers that require a traditional term loan to sit alongside a more flexible credit facility. (AltFi)


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Osborne wants London to be ‘global centre for fintech’

 

George Osborne wants London to become “the global centre for fintech” as he set out ambitions to harbour more financial innovation in the UK.

London is “good at both fin and tech”, the chancellor told the Bank of England’s Open Forum event, in a reference to financial technology. (FT)


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Shadow Foundr to enter UK equity crowdfunding space


A new face is about to appear on the UK’s equity crowdfunding scene. The Ideas Factory is transitioning into a fully fledged equity crowdfunding platform by the name of Shadow Foundr. The Ideas Factory formerly operated as an Angel investor network – sourcing early stage equity investment opportunities for an exclusive community of sophisticated/high net worth investors. (AltFi)


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Fintech start-up acquirer Silver Falcon to float on London Stock Market

 

Silver Falcon, a shell investment company that is aiming to acquire fintech start-ups is floating on the London Stock Market. (City A.M.)


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Apple and Google are teaming up to lobby for FinTech

 

Financial Innovation Now, a coalition of five web companies, will advocate for business-friendly regulations as technology alters the market for financial services. The Financial Innovation Now group comprises founding members Google, Apple, Amazon, PayPal, and Intuit. (Buzz Feed)


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Lord Digby Jones is big draw for Northern Powerhouse event

 

Former CBI head, Lord Digby Jones, spoke at an event hosted by alternative finance provider URICA this week. The event focused on Liverpool's role in the Northern Powerhouse and how the URICA platform is helping SMEs in Liverpool get paid quicker for their export sales. (Liverpool Echo)


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And Finally

 

Sometimes, all it takes is a little knowledge and a few contacts. See how new platform NextInvest secured a place on the StartPlant NI accelerator programme thanks to a little helpful advice. (The Marketing Eye)


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Click here for more news and insights from the world of  Alternative Finance and FinTech

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