The latest news from the world of Alternative Finance and FinTech
In the news this week
Will FinTech cause the next financial crisis? A report released this week by risk management consultancy, Parker Fitzgerald Group, says that if FinTech isn’t better regulated “it is not inconceivable that the next financial crisis may emerge from the technology sector”. Elsewhere, the latest UK Alternative Finance Industry Report revealed that P2P business lending is now the largest segment of alternative finance, while the Financial Conduct Authority has cited its regulation of P2P lending as an example of its approach to balancing competition and innovation.
Financial Technology may cause next crisis if it isn't regulated better
FinTech has the potential to cause the next financial crisis if regulation isn't harmonised and coordinated across industries, a risk management consultancy has warned. (City A.M.)
P2P business lending now largest segment of alternative finance
Peer-to-peer business lending overtook P2P consumer lending last year to become the largest segment of UK alternative finance. (P2P Finance News)
FCA uses P2P as example of balancing competition and innovation
The Financial Conduct Authority (FCA) has cited its regulation of peer-to-peer lending as an example of its approach to balancing competition and innovation. (P2P Finance News)
P2PFA strengthens P2P industry standards
The Peer-to-Peer Finance Association (P2PFA) has announced revisions to the industry standards it sets for peer-to-peer (P2P) lending platforms. The new principles will come in to play in April 2018. (Bridging & Commercial)
Electroneum launches the most successful British cryptocurrency in the UK
The British-developed cryptocurrency, Electroneum (ETN), has launched in the UK following the most successful Worldwide ICO (Initial Coin Offering) by crowdfunding participation of over 120,000 investors, which raised $40 (£30m) over a six week campaign. (Director'sTalk)
£100m investment pot launched by ThinCats
Leicestershire-based finance specialist ThinCats is making £100m available to fund and support manufacturing businesses across the UK and help take them to the next level of growth. (Insider Media)
The Marketing Eye says
2017 market trends in SME lending
Bank of England statistics show that lending to SMEs is very little changed after the first ten months of 2017. If anything, the owners of smaller businesses are keeping money on deposit while they weigh up their options in the face of...
The Impact Of Blockchain Technology On P2P Finance
As Bitcoin hits new record highs in ever-decreasing time frames, the conversation about it is filtering down from the tech-savvy geek to the bleeding-edge investor and now, finally, to Joe Public. With it comes the conversation about...
Analysis: FinTech vs Top 500 UK Websites
How the FinTech/Altfi/Finance world stacks up against the best sites in the UK!