The latest news from the world of Alternative Finance and FinTech world
In the news this week
This week has seen P2P lending platform FundingKnight granted full FCA authorisation, the world’s first property crowdfunding platform, The House Crowd hit the £50m milestone and LandlordInvest partner with Goji on its recently launched IFISA. The Treasury has high hopes for the new EU rules on FinTech, suggesting that it will lead to greater innovation, whilst Starling, the digital-only challenger bank has added support for Apple Pay. In this week’s blog we look at the recent Ofcom report that revealed the over 50s spend more on financial services that the younger generations.
FundingKnight granted full FCA authorisation
GLI Finance has announced that its P2P lending platform FundingKnight has been granted full authorisation by the FCA.(Bridging & Commercial)
The House Crowd hits £50m crowdfunding milestone
‘World first’ property crowdfunding platform The House Crowd has just hit a £50m milestone after a record start to the year. (Business Cloud).
LandlordInvest shifts IFISA admin to Goji as it hits half a million mark
LandlordInvest has attracted more than half a million pounds into its Innovative Finance ISA (IFISA) since launch, the peer-to-peer platform has revealed. (Peer2Peer Finance News)
UK fintech shrugging off Brexit in 3 charts
Research from Fintech Global suggests 2017 is set to be a record year for financial technology firms in the UK thanks in part to Zopa. (AltFi)
UK’s digital-only Starling Bank adds Apple Pay support
Digital-only UK “challenger” bank, Starling Bank, has added support for Apple Pay — meaning its customers can now add their Starling debit card to their Apple Wallet and make contactless payments drawing from funds in their Starling account via their Apple devices. (Tech Crunch)
P2P lenders helped British Business Bank fund £717m of SME loans last year
Peer-to-peer lenders were among the delivery partners helping the British Business Bank (BBB) fund £717m of loans to small businesses last year, the firm’s annual report revealed. (Peer2Peer Finance News)
Treasury has high hopes for EU rules on fintech
European Union rules which come into effect in January will lead to greater innovation in fintech, HM Treasury has said. (FT Adviser)
The Marketing Eye says
Over 50s spending more on financial services
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