The collapse of property lending platform Lendy in the UK has investors concerned about their £165 million of money invested...
The Financial Conduct Authority's P2P lending standards have caused only 40% of P2P loans to be covered under the HM Treasury's 36H regulation; 36H regulation is a compliance factor that P2P firms are concerned with; the differing definitions involve the matching of the loans; the complex process of institutional pre-funding and subsequent loan matching has been a factor resulting in discrepancies between the loan matching definitions from the 36H regulation and the Financial Conduct Authority's definition. Source
Thousands of British consumers and small businesses can access their cash again with the Financial Conduct Authority telling Wirecard Card...
The UK’s Financial Conduct Authority (FCA) has grown worried that ads of promised returns from p2p lenders in the UK...
It is unsurprising that the UK has embraced the financial market shift to fintech, but where do they stand on a global scale?
British Business Bank (BBB) is a government-owned entity designed to support small businesses in the UK through a fund with 1 billion British pounds ($1.27 billion); it currently has 85 million British pounds ($108 million) invested in the P2P lending industry; the Financial Conduct Authority's release of an update on the crowdfunding market last week noting a number of factors for further investigation has caused taxpayers to question the large allocation to the P2P lending sector; specifically John O'Connell, chief executive of the TaxPayers' Alliance, has said, "This is extremely concerning and taxpayers will want to know how this can be good use of their money."; according to a Freedom of Information request reported on by Business Insider, the allocations from BBB include 60 million British pounds ($76 million) invested with Funding Circle, 15 million British pounds ($19 million) invested with MarketInvoice and 10 million British pounds ($13 million) invested with RateSetter. Source
The Financial Conduct Authority released firm-specific complaint data for the second half of 2019 which showed that challenger banks hold...
The UK fintech market is seen as one of the world’s best and their regulator, the Financial Conduct Authority (FCA),...
The Financial Conduct Authority’s thinker in chief was named interim Chief Executive with Andrew Bailey moving on to become the...
The UK’s financial watchdog, the Financial Conduct Authority, issued a warning to investors regarding initial coin offerings (ICOs); in particular they warned of the “high risk, speculative” nature of the new capital raising method; financial regulators worldwide have begun cracking down on ICOs in recent months, China has banned them and the SEC in the US issued a similar warning as the UK. Source