Most commentators agree that London has firmly established itself as the world’s premier fintech hub. The UK capital benefits from a supportive government, and a progressive regulator in the form of the FCA. It is the envy of many. Other markets are fighting hard to catch up. In this competitive...
It has been another difficult month for the banking sector. Swiss prosecutors have raided the offices of the Geneva subsidiary of HSBC to aid an inquiry into alleged money laundering. This happened just a week after allegations that the banking giant may have helped wealthy clients to evade tax....
Lending Club’s successful IPO ensured that 2014 ended on a high note for the peer-to-peer (P2P) lending industry. The largest platform in the US saw its stock shoot up by 56% on the first day of trading, helping the company to achieve a valuation of around $9bn - higher...
The government has finally published its much anticipated consultation on how peer-to-peer (P2P) loans will be included within Individual Savings Accounts (ISAs). It has been estimated that ISA inclusion will see the sector grow from £2bn to £45bn over the next few years. This is a tipping point for the...
The dam has given way and the large institutions have arrived in UK peer-to-peer (P2P) lending. Earlier this month – amidst much media fanfare - P2P Global Investments, a London Stock Exchange-listed investment trust, raised £200m from institutional investors to lend through the major platforms. And this is likely to just...
In another damaging blow for the "under pressure" banking industry, Barclays recently announced that they will be cutting a total of 19,000 jobs worldwide by 2016, with 7,000 of the lay-offs coming from their investment banking division. The banking giant has said that the business will be ‘repositioned, simplified and...
In my last blog, I talked about how peer to peer (P2P) lending is making a real breakthrough in 2014 as an attractive alternative to traditional financial institutions. It has really taken root since the 2008 banking crisis, but does not rely on bank weaknesses in order to prosper. Free...
Peer to peer (P2P) lending is a simple concept with a growing international appeal, especially in the UK, the US and China. Essentially it is the practice of lending money to unrelated individuals, or "peers", through web-based platforms. This online process cuts out the costs and inefficiencies associated with traditional...