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RBI awaiting govt notification for coming out with <b>P2P lending</b> norms

Google Alert - P2P Lending - Wed, 09/13/2017 - 11:32
MUMBAI: The Reserve Bank is waiting for a gazette notification from the government on getting the peer-to-peer lenders under its regulatory ambit ...
Categories: P2P Lending

Zopa Review: Operator Health

Google Alert - P2P Lending - Wed, 09/13/2017 - 11:04
With the main voices of the peer-to-peer lending (P2P) industry being the P2P platforms themselves, there is a distinct risk which is often not clearly ...
Categories: P2P Lending

Trade finance gap narrows amid minimal fintech impact

Google Alert - P2P Lending - Wed, 09/13/2017 - 09:22
... just 20% of firms reporting have used digital finance platforms. In line with global trends, peer-to-peer lending is the most-used fintech model (23%).
Categories: P2P Lending

Britain&#39;s next challenger bank is… Goldman Sachs?

Google Alert - P2P Lending - Wed, 09/13/2017 - 06:27
... launched a savings account and then followed up with a digital lending business aimed at competing with peer-to-peer lenders like Lending Club.
Categories: P2P Lending

This 35-year-old banker left Goldman Sachs to start a fintech inspired by his mother — 5 years later ...

Google Alert - P2P Lending - Wed, 09/13/2017 - 06:00
"At that time it was defined by peer-to-peer lending, which I found interesting but really I thought there were a few fundamental flaws. There wasn't a ...
Categories: P2P Lending

Founder of online Chinese lender sentenced to life for fraud

Google Alert - P2P Lending - Wed, 09/13/2017 - 05:34
BEIJING (AP) — The founder of a Chinese online peer-to-peer lender has ... A series of lenders have collapsed as economic growth slowed, leaving ...
Categories: P2P Lending

Add $5 billion: How Goldman hopes to be better at (nearly) everything

Google Alert - P2P Lending - Tue, 09/12/2017 - 17:37
In lending, the firm has already been growing its footprint, but is still much lower than peers. It said it would commit some $28 billion of incremental ...
Categories: P2P Lending

2 Chinese executives get life sentence for $7.6 billion Ponzi scheme

Bing peer to peer lending - Tue, 09/12/2017 - 02:32
12. Ezubao, the online peer-to-peer lending platform, shut down last year after raising more than 50 billion RMB ($7.6 billion) from about 900,000 investors. Ding Ning, Ezubao’s founder and chairman of the platform’s holdings company Anhui Yucheng ...
Categories: P2P Lending

Goldman eyes UK consumer banking market for savings account launch

Bing lending platform - Tue, 09/12/2017 - 01:48
This was followed up in November with the introduction of Marcus, an online lending platform designed to take on the likes of Lending Club and Prosper and provide consumers with an opportunity to consolidate their high-interest credit card debt.
Categories: P2P Lending

RateSetter appoints Business Development Manager for North of England

Bing peer to peer lending - Tue, 09/12/2017 - 01:41
RateSetter pioneered many firsts in peer-to-peer lending, including the Provision Fund model. All borrowers pay a risk-adjusted premium into the Provision Fund, which reimburses investors in the event of a borrower default. The Provision Fund has a 100% ...
Categories: P2P Lending

SoFi CEO Mike Cagney to step down

Bing lending platform - Tue, 09/12/2017 - 01:33
The news follows the lending platform launching its own investigation in anticipation of further sexual harrasment allegations. SoFi has today announced that its co-founder and CEO Mike Cagney plans to step down as the company's chief executive officer ...
Categories: P2P Lending

How Banks Can Thrive in an Uncertain World

Bing peer to peer lending - Tue, 09/12/2017 - 01:22
Rapid digitalisation is also an issue, with banks having to factor in the impact of new payment services, international money transfers, peer-to-peer lending and borderless accounts. And customers, primed to receive hyper-responsive, automated service from ...
Categories: P2P Lending

Ding Ning: China’s biggest Ponzi scheme mastermind sentenced to life in prison

Bing peer to peer lending - Tue, 09/12/2017 - 00:44
Policymakers imposed limits on peer-to-peer lending, and barred platforms from taking public deposits or selling wealth-management products.
Categories: P2P Lending

Could This Equity Crowdfunding Platform Be The Solution To SA's Funding Problem?

Bing crowdfunding platform - Tue, 09/12/2017 - 00:02
Equity crowdfunding, which allows private individuals to invest in early-stage businesses in exchange for equity, is an accepted alternative funding model in countries like the US, UK and Australia, however in South Africa, interest and uptake of this ...
Categories: Crowdfunding

Could This Equity Crowdfunding Platform Be The Solution To SA's Funding Problem?

Bing equity crowdfunding - Tue, 09/12/2017 - 00:02
Equity crowdfunding, which allows private individuals to invest in early-stage businesses in exchange for equity, is an accepted alternative funding model in countries like the US, UK and Australia, however in South Africa, interest and uptake of this ...
Categories: Crowdfunding

Equity Crowdfunding In SA Explained

Bing equity crowdfunding - Mon, 09/11/2017 - 23:56
As an entrepreneur, finding the right funding for your specific start-up is hugely important. With momentum around crowdfunding growing on a global scale, there is talk about equity crowdfunding becoming a viable option in South Africa. This is very good ...
Categories: Crowdfunding

Leader of China's $9 billion Ezubao online scam gets life; 26 jailed

Bing lending platform - Mon, 09/11/2017 - 23:30
Ezubao, once China’s biggest P2P lending platform, folded last year after it turned out to be a Ponzi scheme that collected 59.8 billion yuan ($9.14 billion) from more than 900,000 investors through savvy marketing. By the time police made arrests in ...
Categories: P2P Lending

Reward Finance Doubles SMB Loan Capacity With Foresight Investment

Bing FCA Authorisation - Mon, 09/11/2017 - 22:59
However, some research suggests that SMBs in the U.K. aren’t well enough aware of their alternative finance options. A survey released last year by the British Chambers of Commerce found only 18.8 percent of SMBs said they were familiar with mezzanine ...
Categories: P2P Lending

XTI Aircraft Company Resumes Equity Crowdfunding Campaign

Bing equity crowdfunding - Mon, 09/11/2017 - 21:08
After a pause during part of August, XTI Aircraft it is once again accepting investments on the StartEngine equity crowdfunding site. "We're continuing our successful equity crowdfunding campaign," said Robert LaBelle, Chief Executive Officer of XTI ...
Categories: Crowdfunding

Noted Limited raises over $500,000 through private equity crowdfunding

Bing equity crowdfunding - Mon, 09/11/2017 - 17:43
Wellington-based software as a service start-up Noted Limited raised over $500,000 through a private crowdfunding campaign on PledgeMe over the weekend. Scott Pearson, Noted’s founder and CEO originally developed the concepts that underpin the cloud ...
Categories: Crowdfunding

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