The latest news from the world of Alternative Finance and FinTech
In the news this week
This week, MoneyThing announced it's accepting pre-registrations for its Innovative Finance ISA (IFISA) ahead of a proposed launch in early March. Elsewhere, Standard Chartered has launched a dedicated FinTech investment unit - SC Ventures will focus on startup investments and development of technology for the bank through an innovation lab. Two months after being announced by the Chancellor in the Budget, the £2m FinTech competition to develop tools that incorporate rental payments into a tenant’s credit score has been opened for applications by the Treasury.
MoneyThing readies IFISA launch for current tax year .
MoneyThing has begun accepting pre-registrations for its Innovative Finance ISA (IFISA) ahead of a proposed launch in early March. The peer-to-peer business lender said it will be accepting pre-registrations for the IFISA on a fist-come-first-served basis from... (P2P Finance News)
Standard Chartered's launched a dedicated FinTech venture investment unit
Standard Chartered is the latest bank to double down on FinTech, setting up a dedicated unit for putting cash into innovation. SC Ventures will focus on startup investments and hot house development of technology for the bank through an innovation lab. (City A.M.)
Treasury opens £2m rental payment challenge for FinTechs
A government-backed £2m FinTech competition to develop tools that incorporate rental payments into a tenant’s credit score has opened for applications. The Treasury has released application forms and entry criteria for the Rent Recognition Challenge. (P2P Finance News)
Credit card app Curve launches in UK
Curve, the new app that connects your debit and credit cards to one Curve Mastercard, launched for UK consumers on Wednesday. With over 50,000 people on the waitlist ahead of launch, Curve aims to simplify money management by connecting customers’ accounts, cards and services to one card and one secure mobile app. (Finextra)
FinTech startup Revolut is launching international medical and dental insurance. You can subscribe using the company’s app for £1 per day or more depending on the options. But the best part is that you can set it up and forget about it as Revolut uses your device’s location data to automatically turn insurance coverage on and off. (TechCrunch)
RateSetter and Funding Circle added to FSB Funding Platform
RateSetter, Funding Circle and Assetz Capital are some of the peer-to-peer lenders that have been included on the Federation of Small Businesses’ (FSB) new business funding platform. The FSB Funding Platform, developed by Finpoint, matches potential borrowers with more than 100 lenders through the use of Artificial Intelligence (AI). (P2P Finance News)
The Marketing Eye says
GDPR: Can you email an individual at a business?
As the live date for the General Data Protection Regulation (GDPR) gets ever closer, people are beginning to realise the scale and the impact it could have on their business. On the face of it, the GDPR is quite clear - you must get the explicit consent of individuals in order to...
How to automate your social media with SharpSpring
There are an increasing number of social media tools out there that help you schedule posts and monitor conversations, such as Hootsuite and Buffer, but what about creating automations based on user interaction? That’s where SharpSpring Social comes in.
Analysis: FinTech vs Top 500 UK Websites
How the FinTech/Altfi/Finance world stacks up against the best sites in the UK!