Just two peer-to-peer lenders have been authorised to offer the recovery loan scheme (RLS). Funding Circle and Assetz Capital are the only two P2P platforms accredited to offer funding under the government-backed scheme, out of 74 approved firms. In contrast, the coronavirus business interruption scheme – which preceded the RLS – included more P2P platforms...
Ahead of his presentation at LendIt Europe 2017, Richard Peers, Director of the Financial Services Industry at Microsoft discusses fintech with Verdict; provides his perspective on artificial intelligence, blockchain, cloud computing, challenger banks, why London is a great place for startups, and what firms can learn from the Chinese market. Source
The KPMG Pulse of Fintech Q3 report pointed to 274 deals worth over $8bn in investment; the hottest areas of investment include artificial intelligence, insurtech, regtech and blockchain; the three biggest countries come as no surprise with the US, China and the UK dominating their respective regions. Source.
Stablecoins play an essential role in the crypto-asset ecosystem, although it does pose risks to market liquidity if they fail.
UK based small business lender Iwoca secured €100mn from Insight Investment, which is owned by BNY Mellon, to dramatically increase...
The crypto market took a major beating in 2022 amid an uncertain global regulatory environment and the geopolitical situation.
LendIt Europe 2017 keynote speaker Christoph Rieche, Iwoca CEO, announced the API with fellow fintech Tide is now live; the API allows third parties to access Iwoca’s credit and underwriting process which can decide on a loan within 10 minutes; Tide will provide Iwoca with data to help speed up credit decisions. Source.
Adyen is a payments company based in Amsterdam and currently is valued around $2.3 billion; the company has over 4,000 clients which includes names like Netflix, Facebook, Uber and Spotify; Forbes profiles the company and their co-founder and president, Pieter van der Does. Source
A new report out by Beahurst has recognized crowdfunding platform Seedrs as the most active UK equity investment platform; they...
Mambu, the cloud banking platform, has partnered with Western Union, a global "leader" in cross-border, cross-currency money movement.