European Investment Bank plans to lend £100m to UK SMEs
The European Investment Bank is planning to lend £100m to UK small business through the popular online lender Funding Circle, suggesting the acceptance of peer-to-peer and marketplace lending is gaining traction. (SME Insider)
Assetz Capital launches new property investment products
Assetz Capital has announced a working relationship with new broker platform, Fundbay.co.uk, and has launched several new specialist commercial loan products through it. (AltFi News)
Bank of England aims to boost FinTech sector
The Bank of England has announced that it is exploring new financial technologies by working closer with FinTech companies in order to boost cyber security and new payment systems. (CCN.LA)
UK banks halve property lending in just two years as developers look to peer-to-peer lenders
According to new data from peer-to-peer property funding platform Saving Stream, bank loans to property developers fell from £32.5bn in April 2014 to £14.9bn in April 2016. (City A.M.)
London to go cashless in 20 years as it embraces FinTech
A FinTech based UK could become a cashless society within 20 years according to research published by London & Partners, the Mayor of London’s promotional company, to coincide with London Technology Week 2016. (Payments Industry Intelligence)
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