Tagged: fca

December 9, 2016 @ 12:13 pm By JD Alois  |  

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

December 9, 2016 @ 10:37 am By JD Alois  |  

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

December 9, 2016 @ 10:13 am By JD Alois  |  

The Financial Conduct Authority (FCA) has released their much anticipated interim report on debt and equity crowdfunding. The document addresses both peer to peer lending and investment crowdfunding platforms and the current state of operations as the new approach to capital formation evolves. Andrew Bailey,… Read More

December 8, 2016 @ 7:42 am By Samantha Hurst  |  

UK peer-to-peer lending platform CapitalStackers announced it received full authorization from the Financial Conduct Authority (FCA) following a detail assessment.  The company described itself as a direct peer-to-peer lender and matches developers seeking finance with investors. Its key mission is to plug the funding gap between… Read More

December 7, 2016 @ 9:17 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has signed a new collaboration agreement. This time the FCA has formed a co-operation agreement with the Hong Kong Monetary Authority (HKMA).  The arrangement is for the two securities regulators to collaborate on promoting financial innovation and is similar… Read More

December 6, 2016 @ 7:01 pm By JD Alois  |  

Peer to peer lender Folk2Folk has received full approval from the Financial Conduct Authority (FCA).  While many prominent peer to peer lenders are operating under interim approval, Folk2Folk points out it is the lagest P2P lender to receive full authorization to date. Folk2Folk has lent… Read More

December 5, 2016 @ 8:02 am By JD Alois  |  

Growth Street is now an FCA registered Appointed Representative.  Growth Street will now be able to accept individual investors on its peer to peer lending platform. Growth Street, an alternative finance platform for SMEs, previously only accepted incorporated businesses to lend and borrow to each… Read More

December 5, 2016 @ 7:48 am By JD Alois  |  

LandlordInvest has received full Financial Conduct Authority (FCA) authorisation following a 24-month process. LandlordInvest is a peer to peer lending platform for buy-to-let and bridge loans. LandlordInvest stated it has also submitted an application to HMRC to become an ISA manager and intends on offering… Read More

November 29, 2016 @ 9:39 pm By JD Alois  |  

P2P lending rating agency 4thWay is highlighting that 77 IFISA applications are in limbo at the Financial Conduct Authority waiting for full authorisation.  Within this group, ten of the largest UK P2P lenders are still in the queue.  In what was expected to be a… Read More

November 10, 2016 @ 10:17 am By Erin Hobey  |  

The P2P bond platform UK Bond Network received full authorization as a financial services provider from the UK Financial Conduct Authority (FCA). The approval marks the end of a several months’ review in which the company’s processes, systems, policies, levels of compliance and risk management have undergone… Read More

November 7, 2016 @ 10:05 am By JD Alois  |  

  The Financial Conduct Authority (FCA) has revealed the first group of Fintech firms accepted into their innovative regulatory Sandbox initiative.  The FCA said that 69 Fintech firms applied for the opportunity to participate but 24 firms were deemed acceptable. Most of these companies will… Read More

November 3, 2016 @ 12:33 pm By Samantha Hurst  |  

UK-based alternative finance lender for SMEs, LendingCrowd, announced on Thursday it has received full authorisation from the Financial Conduct Authority (FCA) and considers itself UK’s second peer-to-peer lending platform and first peer-to-peer lender for SMEs to move from interim to full authorization status, which went into… Read More

November 2, 2016 @ 12:00 pm By Erin Hobey  |  

Julia Groves, Downing Partner and Head of Crowdfunding, is a respected pioneer and force behind many successful digital businesses and fintech groups. Since founding ba.com for British Airways in 1994, she has instigated disruptive customer-led propositions across online retail, renewable energy and financial services market sectors. She… Read More

October 24, 2016 @ 1:22 pm By JD Alois  |  

Bruce Davis is a founder and Joint Managing Director at Abundance, a peer to peer investing platform focused on renewable energy projects. He is also part of the original team that launched Zopa – the very first peer to peer lending platform to set up… Read More

October 22, 2016 @ 3:09 pm By JD Alois  |  

Amicus is queued up to become a digital challenger bank as it has filed with the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) for a banking license. Currently, Amicus has three specialist divisions including property finance, commercial finance and asset finance.  The new… Read More

October 18, 2016 @ 10:15 pm By Therese Torris  |  

LendIt Europe gathered over 900 attendees from 50 countries on the banks of the Thames river to network and hear about the latest trends in online direct lending. The tone of the conference was clearly set by the UK keynote speakers. The UK being 4… Read More

October 18, 2016 @ 9:29 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published its final report on the investment and corporate banking sector.  The document was created to help foster competition in the this sector of finance.  The report reflects the interim publication that was released this past April. Christopher Woolard,… Read More

October 13, 2016 @ 8:37 am By JD Alois  |  

Lending Works, a consumer peer to peer lending platform, has received full authorisation by the Financial Conduct Authority (FCA).  Lending Works said it had originally applied for FCA approval in October of 2015 and had undergone a “stringent review process”. Lending Works has been operating… Read More

October 9, 2016 @ 9:21 pm By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has released a commissioned study on the economics of the peer to peer lending market in the UK.  The independent assessment, provided by the economic consulting firm of Oxera, analysed the risks, costs and benefits of peer-to-peer… Read More

October 6, 2016 @ 7:38 am By JD Alois  |  

The Financial Conduct Authority (FCA) publishes every 6 months the most complained about banks and other financial firms. This is one way to help keep the banks on their toes as this is one area that no firm wants to place first. On a positive… Read More