256 articles tagged with this keyword
News/Alternative finance
Santander InnoVentures, the $200M fintech venture capital fund of Santander Group, has joined a $55 million funding round in Brazillian secured lending platform Creditas.
17 April 2018
NatWest has added invoice finance platform MarketInvoice to its Capital Connections panel, which helps SMEs unable to borrow from banks get access to alternative sources of money.
11 April 2018
Online student loan specialist CommonBond has closed a $50 million Series D funding round led by the venture arm of American bank Fifth Third.
21 March 2018
The European Commission has set out details of a 23-step 'Fintech Action Plan' to promote the digital transformation of the financial services sector, including the establishment of an EU Fintech Laboratory, the creation of a best-practices blueprint for regulatory sandboxes and substantial crowdfunding reforms.
08 March 2018
TruFin, a British fintech and banking business with fingers in various niche lending pies, has raised £70 million through a listing on the LSE's AIM market.
13 February 2018
Australia has moved one step closer to implementing an Open Banking regime with the publication of a final Government report into the issue, accompanied by draft legislation to mandate comprehensive credit reporting.
09 February 2018
Online lender SoFi has named Twitter COO Anthony Noto chief executive officer, filling a position vacated by co-founder Mike Cagney, who left last year amidst allegations of sexual harassment at the firm.
23 January 2018
The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.
15 January 2018
The UK online alternative finance market grew 43% in 2016 to reach £4.6 billion, buoyed by increased institutional investment and a sustained pick up in innovative business lending models.
11 December 2017
A Federal Reserve Bank of Cleveland report which compared the peer-to-peer lending industry to the subprime mortgage market has been temporarily taken offline after questions were raised about the underlying data set.
21 November 2017
The peer-to-peer lending industry has the potential to destabilise consumer balance sheets, with loan performances bearing a striking resemblance to the subprime mortgage market before the 2007 crisis, warns a new paper from the Cleveland Federal Reserve.
10 November 2017
With more than half of small business owners in the UK concerned about their ability to get bank loans, many are turning to alternatives such as crowdfunding and P2P lending, according to a WorldPay survey.
02 November 2017
P2P lender Zopa is to offer loans to customers of Saffron Building Society via 11 brick-and-mortar branches and online.
02 October 2017
Intesa Sanpaolo has made an undisclosed investment in SME lending platform iwoca.
11 July 2017
The Victoria state government is seeking applications for “experienced innovation hub operators” to establish a fintech hub in Melbourne.
21 June 2017
US online lender SoFi has applied for a bank charter with the Federal Deposit Insurance Corporation.
14 June 2017
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