Tagged: fca

October 16, 2017 @ 1:23 pm By Samantha Hurst  |  

Last week, short-term peer-to-peer lending platform Welendus announced it has received full Financial Conduct Authority (FCA) Approval. The company revealed on LinkedIn last week the exciting news: “We are pleased to announce that Welendus (PTP Funding Limited) is now authorised and regulated by the FCA… Read More

October 10, 2017 @ 5:00 am By Therese Torris  |  

On Monday, October 9, Lendit Europe, the event gathering 1000+ representatives of the international fintech and lending scene on the banks of the River Thames, opened with a presentation by Imran Gulamhuseinwala OBE, Global Head of FinTech at consultancy firm EY, who spoke about “The… Read More

September 21, 2017 @ 7:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) designed to enhance collaboration in supporting Fintech innovation.  The FCA explains the agreement includes information sharing and mutual referrals of Fintech firms looking to enter into either… Read More

September 19, 2017 @ 8:14 am By JD Alois  |  

Hogan Lovells, a global law firm, is showcasing its recently launched Hogan Lovells “Engage”: Authorization Tool. The new Regtech application aims to guide Fintech startups through the process of authorization from the Financial Conduct Authority (FCA). The tool is free to use on the Hogan Lovells… Read More

September 14, 2017 @ 9:15 am By Samantha Hurst  |  

Peer-to-peer lending platform JustUs announced this week it has received full authorization by the Financial Conduct Authority (FCA). The online lender revealed that the full authorization is a pre-requisite to offer the JustUs Innovative Finance ISA (IFISA) and registration forms have been submitted to HMRC… Read More

September 5, 2017 @ 6:20 am By JD Alois  |  

Assetz Capital, one of the largest peer-to-peer lending platforms in the UK, has announced it has received full authorization from the Financial Conduct Authority (FCA).  Additionally, Assetz Capital has claimed second place in the ranking of UK’s largest P2P lenders as it reports lending in excess… Read More

August 29, 2017 @ 11:16 am By Erin Hobey  |  

The Central Bank of Bahrain (CBB) has announced two entrants into its regulatory sandbox:  Tramonex, a London-based forex cash management solution for businesses and NOW Money, the Dubai-based account and remittance service for low-income workers in the GCC. “We are pleased to welcome the first… Read More

August 8, 2017 @ 11:05 am By Samantha Hurst  |  

ThinCats, an alternative lending industry leader, announced on Tuesday it has received full authorization by the Financial Conduct Authority (FCA). According to the online lender, the approval highlights its commitment to protecting consumers and also developing the alternative finance industry as a vital source of capital… Read More

August 3, 2017 @ 3:45 pm By Valentina Ausserladscheider  |  

At the end of June, the Cambridge Centre for Alternative Finance (CCAF) hosted its second annual conference that saw participants from the world of finance from all over the world. The conference was entitled Navigating the Contours of Alternative Finance and sought to provide a… Read More

August 3, 2017 @ 9:56 am By JD Alois  |  

In the financial services sector clear and transparent regulation is vital to a healthy marketplace. There is no financial services firm that will take issue with this statement. Yet regulation that balances on the tightrope of an efficient market and investor protection is quite hard…. Read More

July 17, 2017 @ 8:11 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published the Terms of Reference regarding the Investment Platforms Market Study. The document will be used as a guide in the FCA review of platform. For the purposes of this study the FCA defines “platforms” broadly. The study is said… Read More

July 14, 2017 @ 11:15 am By JD Alois  |  

GLI Finance (AIM: GLIF) has announced that FundingKnight has been granted full Authorisation from the Financial Conduct Authority (FCA). FundingKnight is an online / P2P Lender providing access to capital for UK SMEs. FundingKnight has been operating under interim permissions since 2014, when the FCA… Read More

June 19, 2017 @ 12:05 pm By JD Alois  |  

Chris Woolard, the Financial Conduct Authority’s competition Czar, has commented on the usage of cryptocurrencies. As reported by FN news, Woolard said; “We don’t prohibit regulated firms from engaging in digital currency trading, nor do we prohibit banks from offering banking services to deal with… Read More

June 18, 2017 @ 10:43 am By JD Alois  |  

The Chairman of the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) John Griffith-Jones has confirmed his intent to depart both agencies at the end of his term in March 2018.  Griffith-Jones was appointed as the first FCA Chair in 2013, He became Chair… Read More

May 31, 2017 @ 4:57 pm By JD Alois  |  

Rebuildingsociety.com, a peer to peer lender for UK SMEs, received full FCA Authorisation in February of this year after a “long journey”. The platform had applied for full authorisation in November 2014.  Rebuildingsociety is now offering companies the opportunity to collaborate with them as Appointed… Read More

May 30, 2017 @ 5:20 am By Erin Hobey  |  

UK P2P lender RateSetter announced that the platform has raised £13 million in equity funding from its existing shareholders, including city fund managers Woodford Investment Management and Artemis, according to Business Insider. The funding will be put towards launching “Innovative Finance ISA,” a new product that allows consumers… Read More

May 29, 2017 @ 1:17 pm By Barry James  |  

It may be counterintuitive but the research has been done and the results are now in – and it’s as we’ve been saying for almost five years. Fraud in crowdfunding is not just almost non-existent –  so much so as to be hard to measure,… Read More

May 25, 2017 @ 6:48 am By Erin Hobey  |  

ArchOver, a UK P2P business lending platform, has secured full authorization from the Financial Conduct Authority to operate as a P2P lending platform (Article 36H). Since launching in September 2014, ArchOver has facilitated over £35 million of investment over its platform, operating under interim permissions granted by… Read More

May 24, 2017 @ 7:59 am By JD Alois  |  

Funding Circle, an online lender for SMEs, has received full authorisation by the Financial Conduct Authority (FCA).  Funding Circle is now queued up to offer the IFISA – an event that is expected to fuel platform growth even further. The FCA has struggled to complete… Read More

May 23, 2017 @ 3:28 am By Jonathan Nieh  |  

According to a company release, fintech startup MortgageGym secured £2 million in funding from its seed round. The company, which is licensed by the Financial Conduct Authority (FCA), plans to launch this summer and will connect customers seeking a home mortgage with brokers and banks. Customers can upload… Read More