P2P Finance News - Alert

City watchdog rejects Mintos application

Mon, 05/13/2019 - 04:52
LATVIA-HEADQUARTERED peer-to-peer lender Mintos has been refused regulatory approval in the UK, three years after its initial application.

Wellesley hails positive performance of new bonds as it posts full-year profit

Thu, 05/02/2019 - 10:41
WELLESLEY has said that the performance of its new bonds “has been positive” so far and has maintained the fee earnings of the business, as it ...

Blend Network expands lending team

Thu, 05/02/2019 - 10:18
Blend Network has boosted its lending team with two new appointments. The peer-to-peer property lending platform has named Daniel Netzer as ...

P2PGI returns improve as it continues shift away from P2P assets

Thu, 05/02/2019 - 09:45
P2P Global Investments (P2PGI) reported an increase in its net asset value (NAV) return in March, as it continues to shift away from peer-to-peer ...

Surveyors eschew P2P property lenders on insurer concerns

Thu, 05/02/2019 - 05:03
SURVEYORS are avoiding working with peer-to-peer property lenders due to fears of multiple negligence claims. Peer2Peer Finance News ...

FCA register confirms restrictions on Lendy's activities

Wed, 04/24/2019 - 12:45
RUMOURS of restrictions on Lendy's regulated activities have been confirmed by the Financial Conduct Authority (FCA). An update to the City ...

Nationwide selects winners of Open Banking for Good challenge

Wed, 04/24/2019 - 12:33
NATIONWIDE has selected seven fintechs to take part in its Open Banking for Good challenge, to develop apps for financially vulnerable people.

Consumer P2P loans weigh on P2PGI fund returns

Wed, 04/24/2019 - 09:56
P2P Global Investments (P2PGI) has warned that its legacy peer-to-peer lending portfolio continues to be more volatile than expected despite posting ...

Funding Circle lowers return projections

Wed, 04/24/2019 - 09:45
FUNDING Circle has revised down its annual return projections in the face of a weaker environment for consumer credit. The peer-to-peer business ...

Crowdstacker appoints credit committee chairman

Wed, 04/03/2019 - 11:48
CROWDSTACKER has hired former RBS senior corporate director Ken Hillen as its new credit committee chairman. The peer-to-peer business lender ...

Zopa legacy portfolio drags on P2PGI performance

Wed, 04/03/2019 - 09:56
P2P GLOBAL Investments (P2PGI) has blamed its poorly-performing legacy Zopa portfolio for its latest net asset value (NAV) dip. The alternative ...

Funding Circle back in securitisation market with £187m deal

Tue, 04/02/2019 - 18:11
FUNDING Circle has entered the securitisation market for the third time, with a £187m portfolio of UK loans originated by the peer-to-peer business ...

Zopa developing P2P tech to improve diversification of funds

Tue, 04/02/2019 - 15:33
ZOPA is working to enable greater diversification of investors' funds, the new head of its peer-to-peer lending business has revealed. Natasha Wear ...

Industry hits back as FCA warns on IFISA risk

Tue, 04/02/2019 - 12:15
THE PEER-TO-PEER lending industry has hit back at a warning from the financial regulator to consumers about the risks of the Innovative Finance ISA ...

Can Funding Circle crack the Canadian P2P market?

Mon, 03/18/2019 - 06:00
FUNDING Circle revealed in its latest annual results that it is planning to expand its peer-to-peer lending activities into Canada. The P2P business ...

CrowdProperty launches auto-invest product

Mon, 03/04/2019 - 15:39
PROPERTY peer-to-peer lender CrowdProperty has launched its first auto-invest product, promising to make lending easier and faster for its investors.

Looking beyond the target! How the big three P2P lenders have actually performed

Mon, 03/04/2019 - 14:03
TARGET returns are one of any peer-to-peer lender's biggest weapons in the fight for Innovative Finance ISA money this ISA season, but their ...

Scale and pace of fintech growth could put financial system at risk

Mon, 03/04/2019 - 12:11
THE FINTECH sector should brace itself for a new wave of regulatory scrutiny this year due to concerns of harm to consumers and the financial system ...

Industry readies for bountiful ISA season

Mon, 03/04/2019 - 11:15
PEER-TO-PEER lenders are gearing up for their best ISA season yet, with Innovative Finance ISA (IFISA) volumes predicted to soar as investors rush ...

P2P and bank tech provider Mambu raises £26m to fuel growth

Mon, 02/18/2019 - 12:52
FINANCIAL software provider Mambu has raised €30m (£26m) in its latest funding round which it hopes will allow it to grow revenues sixfold. Mambu ...