The latest news from the world of Alternative Finance and FinTech
In the news this week
New research from P2P loans platform Robocash has revealed that more than half of all European peer-to-peer lenders are millennials. The platform has also revealed that over the past six months the share of its investors aged between 22 and 37 has grown 53.9 per cent. In other news, the London Fintech market is “too saturated”. That’s the view of Oliver Woolley, CEO and co-founder of Envestors, who says there is a growing number of investors looking for investment opportunities in the North of the UK.
Millennials dominate European P2P lending
More than half of all European peer-to-peer lenders are millennials, new research has found. Data from European P2P loans platform Robo.cash has shown that the younger demographic is steadily taking over the leading position from the older generation of investors. (P2P Finance News)
There's a growing number of investors looking for FinTech investment opportunities in the North because the market in London is too saturated. That was one of the views shared at Manchester's inaugural FinTech North event, which was attended by political, business and... (BusinessCloud)
Revolut adds ripple and bitcoin cash to its crypto selection
The fintech challenger bank Revolut has announced that it will be introducing the cryptocurrencies ripple (XRP) and bitcoin cash to its clients in addition to the cryptocurrencies it has already made available. (City A.M.)
Did you know that over 70% of searches for loans are now conducted on a mobile device?
ArchOver launches IFISA to UK investors
ArchOver’s Innovative Finance (IFISA) service offers investors credit control and security and the allowance to invest directly, earning tax-free interest of up to 10 percent per annum—far more than the average return on a cash ISA, according to ArchOver. (Asset Servicing Times)
61 per cent of investors expect to see blockchain technology used to buy and sell assets
Mastercard packages products to help fintech startups Accelerate
Mastercard has announced the creation of Accelerate, a new initiative to drive growth at scale for the fast-evolving FinTech industry, reflecting the company’s ongoing commitment to this sector. (Finextra)
Is there still a place for personal guarantees in business finance?
When, on April 21, the Federation of Small Businesses (FSB) put out a statement urging the Financial Conduct Authority (FCA) to provide more protection for small business owners who put their personal assets – typically the house in which they live – up as security for a business...
Following Neil's recent blog about using Legitimate Interests as a lawful basis for data processing in a post GDPR world, I thought it might be helpful to create a quick quiz to help ascertain whether you can use 'legitimate interests' within your marketing activity after...