In the news - 12.02.16

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech

Why P2P lending is getting ever more robust – and why Adair Turner is wrong about the industry

Former Financial Services Authority chairman Adair Turner took a potshot at the P2P lending industry on Wednesday, stating that “the losses which will emerge from peer-to-peer lending over the next five to 10 years will make the bankers look like lending geniuses”. More specifically, he expressed his concern at the credit checking P2P and debt-base crowdfunding platforms perform. Harriet Green caught up with Angus Dent, chief executive of ArchOver, to talk about the remarks. (City A.M.)

read more

Ablrate launches world's largest aircraft backed marketplace lending loan 

Ablrate, the marketplace lender who specialises in asset backed transactions, has announced the launch of its largest aircraft loan so far, which begins the flow of a large pipeline to the platform. (Yahoo Finance)

read more

Significant hire for freemarketFX

Rich Ricci, the flamboyant former right-hand man of ex-Barclays chief executive Bob Diamond, has joined freemarketFX, a London-based currency exchange, adding to the growing list of former bankers to turn their hand to FinTech. (FT)

read more

FinTech firms want to open accounts at the Bank of England

Payments and technology firms want the right to open bank accounts at the Bank of England, a right traditionally only given to banks and one which gives them access to the payments system. (Yahoo Finance)

read more

Nearly one million investors may have been fleeced in China’s latest Ponzi scheme

Twenty one executives from China’s largest peer-to-peer money lending platform have been arrested, on suspicion of fleecing investors of 50 billion yuan ($7.6 billion). (Quartz)

read more

62% of people ‘would switch their bank account to a FinTech provider’

Some 62% of people would consider switching their current account over from a bank to an alternative financial services provider, according to a new survey. (Tech City News)

read more

GLI and FundingKnight part ways

It was announced this week that GLI Finance will no longer fund loans through the FundingKnight platform. AltFi learnt at the breaking of this shake-up that the company would move forwards with a dual focus on reducing cost of capital and providing greater support to a select number of its portfolio platforms. (AltFi News)

read more

ArchOver Expands

Crowdlending specialist ArchOver is expanding its team of regional representatives with the appointment of Dave Saddington and Fraser Irvine as channel managers for the northwest and northeast of England respectively. (The Marketing Eye)

read more


Click here for more news and insights from the world of Alternative Finance and FinTech


Need help with marketing?

Contact us today and we can help you develop a marketing strategy that drives quality engagement in your business.

Download our app

app store
google play app store


Take our instant marketing healthcheck

Simply answer a few questions and you'll receive an assessment of your current
performance and specific advice on where your marketing focus should be.

Click here to take the test


Get in touch. We’re here to help

T 01825 765617 E W

3 More London Riverside London SE1 2RE

Operations Centre 122-126 High Street Uckfield TN22 1PX

Take the first step

To find out more about how we can help you grow faster, please get in touch. We'd like to hear from you.  Or try our instant marketing healthcheck, it's free!

Request a call