AltFi News - 17.02.17

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech world

Royal Bank of Scotland to launch direct lending service


Royal Bank of Scotland is to offer business loans within hours as part of a move to digitise the bank and bolster relations with small companies following alleged wrongdoing in its restructuring unit. (Financial Times) (Subscription required)

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Co-op Bank up for sale after Bank of England warned its finances were off track

The Bank of England triggered the decision by the Co-operative Bank to put itself up for sale, warnings bosses they had to take action to prevent the bank’s finances deteriorating further, ending months of speculation over the troubled bank’s future. (The Telegraph)

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Fintech Revolut launches bank offering as the lines between disruptors blur

As global money app Revolut morphs into a bank with current accounts and a chatbot, the digital banking blueprint is rounding into shape. (AltFi)

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NatWest unveils online lending platform for SMEs

UK bank NatWest has launched a digital platform that lets small and medium sized businesses quickly apply for and obtain unsecured loans of up to £150,000. (Finextra)

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UK FinTech firms ‘raised $173m across 16 deals in Q4 2016’

UK FinTech startups raised $173m across 16 deals in Q4 2016, up $95m from Q3. (Tech City News)

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The CEO of startup bank Starling says EU law is 'important and good' for UK fintech

The founder and CEO of digital-only, startup bank Starling says EU law has been good for fostering Britain's flourishing fintech — financial technology — sector and says she fears Brexit may set it back. (Business Insider)

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