In the news - 08.01.16

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech

Consumers rate FinTech providers higher than traditional banks

Consumers believe they receive fairer treatment, better value for money and superior customer service from FinTech financial product providers than from traditional sources, according to a survey from consumer insight and review platform Smart Money People. (The Economic Voice)

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UK FinTech stars receive New Year’s Honours List recognition

Two of the leading names in Alternative Finance have been recognised by the Queen in the annual New Year’s Honours List. Samir Desai, co-founder and CEO of Funding Circle, has been awarded a CBE. Whilst Giles Andrews, Chairman and co-founder of Zopa, has been awarded an OBE. (Crowdfund Insider)

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Funding Circle’s lending to small UK businesses passes £1bn

More than £1bn has been lent to small UK businesses through Funding Circle since the company was launched in 2010, demonstrating the rising popularity of alternative lending among consumers. (FT)

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New Isa could flop as advisers plan to steer clear

Advisers have said they are wary of recommending the new Innovative Finance Isas to clients because the peer-to-peer industry is not currently covered by the Financial Service Compensation Scheme. (FT Adviser)

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A major report into banking culture scrapped

The Financial Conduct Authority is scrapping the publication of a report on its huge review of the banking industry's culture. (Business Insider)

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China P2P Lending Topped $150 Billion in 2015

The China peer to peer lending market is the largest in the world. According to a report in China News,  as of the end of 2015 P2P lending has now topped $150 billion or 982.3 billion yuan. This is four times the amount facilitated by P2P platforms in 2014, according to Wangdaizhijia. That amount stood at a mere 252.8 billion yuan. (Crowdfund Insider)

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The UK tech sector raised £2.5 billion from venture capitalists in 2015

UK technology companies raised a record $3.6 billion (£2.5 billion) from venture capitalists in 2015, according to data from research firm CB Insights and London & Partners. Companies operating in London's booming FinTech sector raised more money than those in other sectors. (Business Insider)

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