In the news - 16.09.16

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech
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Small business lending enjoys record levels over past year

 

Despite the backdrop of political and economic uncertainty surrounding the EU Referendum, small business lending hit an all-time high over the past 12 months. (SmallBusiness.co.uk)


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UK regulators are the most fintech friendly


It is not common for big business to praise regulators, yet that is the unusual position in which the UK’s Financial Conduct Authority has found itself — at least when it comes to the growing fintech sector. (Financial Times)


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RateSetter Brings Back Expected Loss Rates


RateSetter has reinstated the expected losses in its portfolio and now gives us two cohort level expected loss figures to digest. (AltFi Data)


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Funding Circle calls up another financial crisis veteran as former Lloyds boss Eric Daniels joins board


The crisis-era chief executive of Lloyds Banking Group is joining the board of Funding Circle, which hopes to address a shortage of business loans through the rambunctious peer-to-peer lending market. (The Telegraph)


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FCA Call for Input on Crowdfunding Closes. Industry Awaits Final Report


The Financial Conduct Authority has closed the comment period regarding its request for feedback regarding post-implementation review of FCA crowdfunding rules. (Crowdfund Insider)


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Man United legend Sir Alex Ferguson is backing this 28-year-old to build the 'world's most inclusive bank'


A fintech startup offering banking services to the poorest people in society and backed by legendary Manchester United manager Sir Alex Ferguson has transacted over £100 million ($131 million) in the last year alone. (City A.M.)


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British Business Bank Investments Ltd Invests £18M in Praetura Asset Finance


British Business Bank Investments Ltd, the commercial arm of the British Business Bank, today announced an £18M investment in Blackburn and Manchester-based Praetura Asset Finance. (Crowdfund insider)


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