The latest news from the world of Alternative Finance and FinTech
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P2P lenders welcome FCA review


Peer-to-peer (P2P) lenders have responded to the Financial Conduct Authority’s (FCA) decision to review the rules surrounding investment-based and loan-based crowdfunding. (Bridging & Commercial)


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Here's how UK fintech's rallying action in a post-Brexit no-man's land


London's fintech industry is rallying to action after the vote for Brexit in a bid to alleviate the fears of startups, along with their investors and supporters, over issues such as capital, market access and talent. (CITY A.M.)


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Banks must play greater role in referring SMEs to alternative finance


The head of the British Business Bank has told the BIS select committee there are problems helping small businesses access finance as an alternative to bank lending. (SME Insider)


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What banks can learn from fintech CEOs’ reaction to Brexit


Start-ups fear a funding stop and loss of access to the single market, but are already making back-up plans that could point the way for their peers in the more established parts of UK finance. (EUROMONEY)


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This fintech startup has shaken off Brexit to raise millions more


UK fintech startup Revolut has raised millions of pounds of new funding from top Silicon Valley investors and plans to raise further cash via crowdfunding, shaking off worries over a Brexit slowdown in tech investment. (CITY A.M.)


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FCA to shake up equity crowdfunding? Regulator considers action


The FCA’s post-implementation review has thrown up a number of concerns over the equity crowdfunding sector, centering on disclosure, due diligence requirements and potential conflicts of interest. (AltFi)


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More banks add real-time P2P


Capital One, Chase, and Wells Fargo will be the next banks to grant customers access to digital real-time peer-to-peer (P2P) transfers through clearXchange. (Business Insider UK)


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