Tagged: fca

FCA Grants First Permission to Issue Digital Money to Tramonex

London-based blockchain startup Tramonex as reportedly received the first approval from UK’s Financial Conduct Authority (FCA) to issue digital money. The company received the approval on January 25th and may now issue electronic money (e-money) and provide payment services. According to the FCA, Tramonex has… Read More

Swiss Company Lykke Offers Forward Contract with 20% Discount on Cryptocurrency

Lykke, a Zurich-based Fintech firm that wants to become the “world’s first regulated marketplace built on cryptographic technology” is offering a one-year forward contract on a bespoke cryptocurrency or Lykke Coin with a 20% discount. Announced last week, Lykke basically will provide a 20% discount… Read More

Finance Disrupted: Is London’s Fintech Crown Debatable?

The State of Fintech in the United Kingdom. Observers in London see a paradox at the heart of today’s financial technology sector. If Fintech is all about playing the cutting edge and disrupting the mainstream, how come so many Fintech players and commentators obsess so… Read More

Will the UK Retain the Fintech Crown? Gillian Roche Saunders Provides Unique Update on Regulatory Review & UK Fintech Ecosystem

The United Kingdom has dominated the Fintech sector globally.  Starting with innovations in capital formation from crowdfunding and peer to peer lending platforms, the UK has fostered an impressive ecosystem of Fintech entrepreneurs. While a culture of innovation and risk-taking has been vital to this… Read More

Bricks Financial Receives FCA Authorization

Peer-to-peer lending platform Bricks Financial has officially received authorization from the Financial Conduct Authority (FCA). As previously reported, the online lender was founded in 2014 and is designed to build a community of investors to help those looking for development finance. The new direct lender was… Read More

Cambridge Centre for Alternative Finance is Conducting Three Different Fintech Surveys

The Cambridge Centre for Alternative Finance (CCAF) is in the midst of a research push. The CCAF is in the midst of not one, but three different surveys on the alternative finance ecosystem. Late last year, the CCAF announced a unique partnership with the Financial… Read More

LendingCrowd Preps IFISA for Q1 2017, Highlights 2016 Accomplishments

LendingCrowd, a UK alternative finance lender to the SME market, is readying to launch an Innovative Finance ISA (IFISA) during Q1 of 2017, said to be one of the first launched in the UK alternative finance sector. The launch follows a record year for LendingCrowd during which it… Read More

Advisor Focused P2P Platform Octopus Choice Receives FCA Approval

Peer to peer lending platform Octopus Choice has received full authorisation from the Financial Conduct Authority. Octopus Choice is part of Octopus Investments. The company said the FCA approval was a first for an advisor focused P2P platform. Richard Wazacz, Head of Octopus Choice, commented on the… Read More

Crowdfunding & Fintech Predictions for 2017

Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More

Top Fintech Stories from Crowdfund Insider during 2016

As one year comes to end it is a good opportunity to reflect on past events. The preceding 12 months have been a momentous period for internet finance including capital formation online. Fintech started as a curiosity that engendered much excitement – and fear for some…. Read More

Landbay Receives Full FCA Authorization

On Thursday, peer-to-peer lending platform Landbay announced it was granted full authorization from the FCA for peer to peer lending. The lender stated the new authorization is paving the way for the launch of its Innovative Finance ISA in the upcoming year. John Goodall and Gray Stern… Read More

The FCA Considers Bringing “Loan based Crowdfunding” Under FSCS Coverage

The Financial Services Compensation Scheme (FSCS) is an important aspect of investor protection in the UK.  Similar in function to the US FDIC, certain financial accounts are insured by the government against financial loss. During the past two years, the FSCS paid out £271 million… Read More

Growth Street’s James Sherwin-Smith: Over £34M Has Been Matched on Platform to Date

Growth Street announced last week it would now accept individual retail investors on its peer to peer lending platform. They may do this now as they are an FCA registered Appointed Representative pursuant to a partnership with another firm.  Growth Street, which was founded in 2013 by Sherwin-Smith… Read More

Money Platform, a P2P Short Term Lender, Launches with Full FCA Authorisation

The Money Platform has launched in the UK.  The Money Platform is a peer to peer lender that targets short term credit of 3 to 12 weeks. After participating in the FCA’s Project Innovate incubator program, the Money Platform received the FCA’s full consumer credit… Read More

AlliedCrowds Prepares for P2P Platform AlliedExchange Launch

London-based AlliedCrowds is preparing to launch its P2P service AlliedExchange soon as it has begun the search for a new Managing Director.  AlliedCrowds/AlliedExchange is backed and funded by FSD Africa, which in turn is backed by the British government. This proposed platform will use P2P lending technology to present… Read More

The Banker’s Banker Appointed to Regulate the Crowdfunding Henhouse Unveils His Cunning Plan

The time has come for crowdfunding to mature – or die, and be reabsorbed by the body politic (or should that be that body corporate). You don’t hear people talk about “the democratisation of finance” much any more. Why is that? We’ve seen growing pains… Read More

FCA Launches Study to See if Mortgage Sector Needs More Competition

The Financial Conduct Authority (FCA) has launched a market study to review the mortgage sector. The research hopes to determine whether or not there is sufficient competition in this sector of finance.  Competition helps consumers as providers are compelled to provide better services.  When a… Read More

Zopa Responds to FCA’s Interim Crowdfunding Review

Following the FCA publishing an interim report on crowdfunding regulations, the team at peer-to-peer lending platform Zopa revealed their thoughts about the report and its findings. As previously reported, the report took into consideration feedback from the leading UK crowdfunding platforms (including peer to peer lenders),… Read More

Gillian Roche-Saunders Comments on FCA Interim Crowdfunding Review

Gillian Roche-Saunders, a partner at the law firm of  Bates, Wells & Braithwaite in London, works with many of the largest UK alternative finance platforms in operation. She has been highly engaged with the FCA and crowdfunding / P2P platforms regarding compliance and regulatory approval. Crowdfund… Read More

Here is the FCA Interim Report on Crowdfunding Regulations

The Financial Conduct Authority (FCA) published an interim report on crowdfunding regulation today. The report was widely anticipated by both the investment based and debt based crowdfunding sector. This is the second interim statement since initial rules were published in 2014. The regulatory approach by… Read More