The latest news from the world of Alternative Finance and FinTech
In the news this week
The top news story this week was the announcement that RateSetter, one of the UK’s three biggest peer-to-peer lenders, has been fully authorised by the Financial Conduct Authority. In other news, Early Metrics, the international rating agency for start-ups and innovative SMEs, has revealed that the UK will remain Europe’s premier FinTech hub post-brexit, while new figures reveal that UK FinTech startups are on track for a record breaking year of investment.
P2P lender RateSetter gets stamp of approval from UK financial watchdog
Online lender RateSetter has been fully authorised by the Financial Conduct Authority (FCA). RateSetter, one of the UK's three biggest peer-to-peer lenders, announced on Tuesday that it has been authorised. It follows authorisation for the other big two platforms, Funding Circle and Zopa, in May. (Business Insider UK).
UK to remain Europe's premier FinTech hub post-Brexit .
Early Metrics, the international rating agency for start-ups and innovative SMEs, has looked in detail at 1,500 firms across Europe. One of the key themes to emerge from its ongoing analytical reports is that London’s leadership in FinTech is increasingly challenged, but that, even with... (Finextra).
UK FinTech startups are on track for a record-breaking year of investment in 2017
FinTech startups in the UK are on track to attract a record amount of investment in 2017 new figures reveal, bucking concerns that Brexit could derail the star sector. (City A.M.)
Financial services firms lack FinTech strategies
Fewer than half of financial services firms have a defined FinTech strategy in place, research claims. A KPMG report titled ‘forging the future’ found 57 per cent of financial institutions across the world say FinTech is the greatest source of disruption yet only 46 per cent have a plan for it in place. (P2P Finance News)
The Law Society partners with Seedrs to support legal sector innovators
The Law Society seems to be trying to dispel the legal sector's association with dusty tomes and robes, announcing that it has partnered with startup investment platform Seedrs. (City A.M.)
RateSetter plans to launch IFISA this tax year
RateSetter has said it plans to apply to HMRC for ISA manager status and launch its Innovative Finance ISA (IFISA) before the end of the current tax year. (P2P Finance News)
JP Morgan has acquired US FinTech startup WePay
JP Morgan has splashed some cash on FinTech, acquiring US online payments provider WePay. Seven-year-old WePay, which is backed by PayPal co-founder Max Levchin among other venture capital investors, focuses on technology for businesses wanting to take payments online and is used by crowdfunding website GoFundMe, among others. (City A.M.)
The Marketing Eye says
Analysis: FinTech vs Top 500 UK Websites
Following on from my previous analysis piece on the Insurance and InsurTech market's websites against those of the Top 500 UK sites, I thought it was about time we did the same for FinTech/Finance/Altfi sites.
Content creation vs. content curation
Producing enough content to keep your audience engaged is a challenge, especially for SMEs and startups. In our previous blog post ‘Content marketing for social media' we looked at why you should...
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