In the news - 22.01.16

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech

P2P providers shrug off concerns about new ISA

Peer-to-peer platforms have said they are not fazed by reluctance among advisers to push the Innovative Finance ISA, but admit work needs to be done to persuade the intermediary community to embrace it. (FT Adviser)

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Young high-earners driving fintech revolution

Consumers are quickly adopting fintech products and services, with young high-earners leading the charge. High-income young people are the biggest group of early adopters of the products and services on offer from fintech companies, according to a study by EY. (Computer Weekly)

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New ISA to push P2P lending among retired investors

A quarter of investors aged over 55 will consider moving their cash onto peer-to-peer lending platforms when the Innovative Finance ISA launches in April, according to P2P lender ThinCats. (FT Adviser)

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One-fifth of consumers will trust tech firms for all financial products by 2025

Within 10 years, 20% of consumers will trust technology firms to supply of all types of financial products and services as FinTech moves from peripheral to all-encompassing banking services. (Computer Weekly)

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EY says there is a massive 'void' in FinTech

"The big information void we've continually come up against in this space is, is anyone actually using this stuff?" — Imran Gulamhuseinwala, EY. (Business Insider)

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Asset managers see FinTech as key future growth driver

Asset managers are cautiously optimistic about their prospects in 2016, and believe FinTech will play a significant role in helping volumes of business and income from fees, commissions and investments rise. (Funds Europe)

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Platform Black boosts alternative finance team

Platform Black, a provider of alternative finance to UK businesses, has expanded its team, signalling continuous growth and increasing demand in the sector. The three new hires bring significant invoice trading and supply chain finance expertise and will support the company, which has provided £117 million in working capital to UK SMEs to date. (Finextra)

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