Alternative finance

821 articles tagged with this keyword

/regulation

Equiniti to provide KYC service for the invoice finance industry

Equiniti Group plc (“Equiniti”), an international technology-led services and payments specialist, is delighted to announce that it is now able to provide an enhanced Know-Your-Customer (“KYC”) service for asset based and invoice finance lenders.

/startups

CCAF, World Bank, World Economic Forum launch survey to research fintech’s role post-Covid-19

Targeting 15,000 fintech firms worldwide, the Cambridge Centre for Alternative Finance (CCAF) announced it has partnered with the World Bank Group and the World Economic Forum to survey industry players and compile data about Covid-19’s impact on the marketplace.

/startups

CCAF, World Bank and the World Economic Forum investigate Covid-19's impact on global fintech

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic Forum to launch a Global Covid-19 FinTech Market Rapid Assessment Survey. The empirical data collected will be used to understand Covid-19’s impact on the FinTech markets, how the global FinTech industry has responded and some of the immediate regulatory and policy implications.

/covid-19

Metro Bank in talks to buy P2P lender RateSetter

Metro Bank has confirmed that it is in exclusive talks to buy the UK's biggest P2P lender RateSetter.

/people

SME financing platform Swoop hires George Htin-Kyaw as CTO

Swoop, the innovative technology-based finance platform for businesses, has appointed George Htin-Kyaw as Chief Technology Officer.

/retail

Built for Mars’ Peter Ramsay: HSBC needs Tom Blomfield-like figure to truly transform UX

Built for Mars’ Peter Ramsay has released the fourth instalment of the now sought-after ‘UX for banking’ series where he reviews 12 UK-based banks and reveals whether the experience of opening an account, making a payment or freezing a card is slicker and quicker when banking with the digital challengers.

/wholesale

Invoice finance platform Dancerace to embed credit insurance from Nimbla

Credit insurers Nimbla and ABL operating system Dancerace have partnered to increase SMEs’ access to credit insurance when they apply for invoice finance.

/startups

MUFG invests in POS financing platform ChargeAfter

US multi-lender Point-of-Sale financing platform ChargeAfter has secured an investment from the venture capital arm of Japanese financial services giant MUFG.

/crypto

Swiss crypto firm launches university courses

Swiss crypto bank Seba has sought to address the potential skills gap in emerging technology by launching a blockchain-themed university education course.

/Alternative finance

Joe Ahearn takes top role at Falcon Group

Falcon Group has appointed industry veteran John Ahearn as Group Vice Chairman and CEO Americas in a newly appointed position.

/startups

Santander InnoVentures invests in Latin American SME lender a55

The venture capital arm of Banco Santander has led a $5 million round in a55, an alternative lender to SMEs is Brazil and Mexico.

/covid-19

Nick Ogden: Alternative lending sector must be harnessed by UK government schemes

Involving the alternative lending sector is the key to addressing the problem of distributing government loans and other support to businesses struggling as a result of the Coronavirus lockdown, according to the founder of ClearBank and RTGS Global Nick Ogden.

/startups

SME lending platform Validus raises funds for push into Thailand

Singapore-based SME financing platform Validus has raised over US$14 million, with US$20 million in committed capital, in an ongoing Series B+ financing round.

/payments

RateSetter slashes interest payouts as P2P lenders rush for cover

The UK's biggest P2P lender RateSetter has slashed the interest rate paid to investors by 50% as it prepares for a wave of defaults under Covid-19.

/payments

P2P lender Lendwise to donate one percent of all deposits to NHS Charities Together

Lendwise, a Peer-to-Peer (P2P) lender authorised by the FCA, has today announced a new charity initiative with NHS Charities Together, a membership organisation which supports NHS staff and volunteers caring for Covid-19 patients.

/people

Singapore fintech Finaxar strengthens leadership team

Singapore-based Finaxar today announced that it has made several key senior appointments, strengthening its leadership team as it eyes regional growth.

/payments

Santander seals deal for 50.1% stake in ebury

Banco Santander announced today the completion of its purchase of a c.50.1% stake in Ebury, one of the best international payment, FX and international cash management platforms for SMEs, after obtaining all regulatory approvals from the required authorities.

/payments

Revenue finance startup Just Capital pledges £20 million funding for online businesses

A new revenue finance company has pledged £20m of funding for online business by the end of 2020.

/sustainable

Antony Jenkins on sustainability: ‘You can’t please everyone’

In conversation with Finextra TV, Antony Jenkins, founder and executive chairman of 10x Future Technologies and former Barclays CEO, highlights that the single most important factor in the push toward sustainability is transparency.

/retail

Fitch warns Covid-19 payment holidays to hit non-bank lenders' liquidity

Payment moratoria will weaken European non-bank lenders' operating cash flows in the short term but the ultimate impact on liquidity will depend on the speed and scope of payment holiday applications, Fitch Ratings says.