The latest news from the world of Alternative Finance and FinTech
In the news this week
New data from CB Insights has revealed a five-quarter record for UK FinTechs in terms of both VC funding and deal numbers in Q3 2017. Britain’s FinTech companies accounted for around half of Europe’s total VC funding. In other news, UK financial services firms registered a record number of trade marks in 2016, thanks to a boom in new FinTech startups. Elsewhere, McKinsey’s annual banking review has suggested that banks should fear the likes of Amazon rather than FinTech firms. We shall see.
UK FinTech funding rebounds big time in Q3 .
After a lackluster Q2 for the UK, the country's FinTechs set a five-quarter record in terms of both VC funding and deal numbers in Q3 2017, according to new data from CB Insights. (Business Insider UK).
FinTech boom drives record number of trade mark applications
A boom in new FinTech innovations saw UK financial services firms register a record number of trade marks in 2016, according to research. Companies in the sector registered 4,228... (Independent).
Banks should fear the financial prowess of Amazon rather than FinTech firms, says McKinsey
The global banking industry is failing to respond to a growing digital threat, that could also be harnessed to ramp up profits, according to McKinsey's annual banking review. And it's not coming from the expected suspects of budding FinTech firms, but the likes of Jeff Bezos' ecommerce giant Amazon. (City A.M.)
P2PFA reports over £700m of new lending in third quarter
The Peer-to-Peer Finance Association (P2PFA) has reported that new lending among its members equated to more than £700m in the third quarter of 2017, despite losing ‘big three’ platform RateSetter during the period. (P2P Finance News)
ITF to become “the world’s first FinTech bank”
A new bank, Into the Future (ITF), is gearing up for launch in Hong Kong and Singapore. Among its investors is Jim Rogers, an American businessman based in Singapore and the co-founder of the Quantum Group of Funds (which he started with George Soros). (Banking Technology)
Lendy reaches £183m in total repayments to investors
Lendy has reached a total of £183m in total repayments to investors. As it celebrated its fifth anniversary, the peer-to-peer property investment platform also revealed that it had returned £100m to investors in the last 12 months alone, a 120% increase on last year. (Bridging & Commercial)
The Marketing Eye says
Whither the P2P borrowers? .
Attracted by the high yields on offer, lenders large and small, private and institutional, are queueing up to make money available for P2P loans. A few of the more recent developments have seen Zopa hook up with the...
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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