AltFi News - 09.11.18

The latest news from the world of Alternative Finance and FinTech
In the news this week
In the same week big banks pressed City watchdogs and MPs “to level the playing field” on the regulation of the P2P lending industry, a number of UK banks, including Barclays and HSBC, have banded together with the likes of MarketInvoice and iwoca to craft a set of guidelines as part of HM Treasury’s FinTech Sector Strategy. The document hopes to address the issues that prevent banks and FinTech firms from becoming successful allies. Elsewhere, long running P2P property lenders are providing investors with high returns and “negligible or zero capital losses,” according to research from P2P analysis firm 4th Way.
uk banks
UK banks publish fintech collaboration toolkit



A collective of top UK banks and and financial technology firms have helped to craft a set of guidelines designed to improve engagement between fintech startups and financial institutions. The new guidelines have been developed by the British Standards... (Finextra)
p2p property lending
Older P2P property lenders boast “negligible or zero losses”
The longest running peer-to-peer property platforms are providing investors with high returns and “negligible or zero capital losses,” analysis claims. Research from P2P analysis firm 4th Way has highlighted 11 lenders who now have a track record of four years or more. (P2P Finance News)
Big banks press watchdogs to 'level the playing field' on regulation of P2P lenders
Big banks are pressing City watchdogs and MPs behind the scenes to “level the playing field” on regulation of the fast-growing peer-to-peer lending industry in the wake of several controversies. (The Telegraph)
What we’ve seen in Search
Searches for mortgages has remained steady despite mortgage approvals by British banks falling to a seven-month low in September
Savings search trends
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$4bn US credit scoring fintech Credit Karma buys UK company
Credit Karma, one of the world’s highest-valued financial technology companies, makes its first move into Europe with an agreement to acquire TransUnion’s Noddle business, a service that provides free, unlimited access to credit scores and reports to people in the U.K., from TransUnion. (London Loves Business)
The UK remains ahead of the game in Europe’s tech sector
The UK has continued to lead the way for funding activity in the European technology sector, both in terms of startups attracting investment and UK-based investors fuelling the continent’s exciting new talent. British startups secured almost a quarter of all early-stage tech investment in Europe in the last three years, according to new figures revealed late last night by Stripe,, and Techstars. (City A.M.)
Stat of the Week
British startups secured almost a quarter of all early-stage tech investment in Europe in the last three years
Digital credit card startup Jaja beats £3m Seedrs crowdfunding target
Jaja Finance, the company aiming to simplify consumer finance, has reached its £3m fundraising target on Seedrs. The company will use the funds to expand the team and launch its digital credit card, Jaja, which is the brainchild of Norwegian entrepreneurs, Per Elvebakk, Jostein Svendsen and Kyrre Riksen. (Bdaily)
Goji launches SIPP wrapper for direct lending bonds
Goji has made its direct lending bonds available in a self-invested personal pension (SIPP) wrapper. Investors can now access the specialist investment manager’s direct lending bond through both an Innovative Finance ISA (IFISA) and a SIPP. (P2P Finance News)
Tweet of the Week
fintech tweet of the week
The Marketing Eye says
Why should I monitor my market?
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This is a question that we get asked a lot and while it's understandable that people are looking for a single, unambiguous answer, the reality is it's influenced by many factors ranging from the nature of the product or service to where the business is in its life-cycle...