The latest news from the world of Alternative Finance and FinTech world
In the news this week
It’s been another week of FCA authorisations and IFISA launches. ThinCats received its full FCA authorisation, paving the way for the launch of its IFISA, and both Kuflink and Ablrate reported an enthusiastic response from investors for their ISA products. The FT ran a story earlier in the week about the likely disclosure requirements on default following the FCA review, but the FCA itself is keeping schtum. We liked the opinion piece by Nick Day of Small World FS on the skills FinTechs need to survive and our own blog looks at why peer-to-peer lenders should not fear APRs.
ThinCats gains FCA approval, paving way for IFISA launch
ThinCats has received full authorisation from the Financial Conduct Authority, paving the way for the launch of its Innovative Finance ISA.(Peer2Peer Finance News)
UK’s peer-to-peer lenders to be asked to reveal past defaults
The UK’s peer-to-peer lenders will soon have to give out detailed information about how much investors have previously lost on loans they arranged ... (Financial Times)(Subscription required).
Fellow Finance launches invoice financing for SMEs
Crowdfunding service Fellow Finance is opening a business invoice funding service for companies to receive funding from investors against their invoices. (AltFi)
Kuflink's P2P Isa creates investment influx
Kuflink has reported an enthusiastic response from investors following the launch of its P2P Isa. (Bridging & Commercial)
Ablrate IFISA takes off with almost 100 investors in first two days
Almost 100 investors have signed up to the Ablrate Innovative Finance ISA (IFISA) in the first 48 hours of launch, the peer-to-peer business lender has revealed. (Peer2Peer Finance News)
Traditional banks still standing despite fintech revolution
But we could be seeing a pause in rise of the financial industry “disrupters” rather than the game-changers running into the sand, writes Stuart Chalmers. (The Scotsman)
ArchOver investors back first “multi-channel” P2P business loan
ArchOver has completed its first “multi-channel” business loan worth £1.35m. The new facility combines the platform’s “secured and insured” and “secured and assigned” lending models. (Peer2Peer Finance News)
Bad cop regulation will be the death of many a fintech firm
After the “good cop” approach from policymakers and regulatory bodies, fintech businesses are increasingly moving into the spotlight of official supervision – with tough talking “bad cop” regulators on the rise. (City A.M.)
Octopus becomes the latest firm to offer the peer-to-peer Innovative Finance Isa
Investment firm Octopus seems to have its tentacles in all the pies, as it has today become the latest business to offer an Innovative Finance Isa. (City A.M.)
The Marketing Eye says
Peer-to-peer lenders should not fear APRs
Following the Competition and Markets Authority's (CMA) announcement that the new pricing rules on business loans will not apply to peer-to-peer lenders, some ...
Analysis: InsurTech & Insurance Websites vs Top UK Sites
Many of us have used a tool like Google’s Page Speed Insights to assess our website’s strengths and weaknesses. Have you ever wondered how your website compares ...
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