Tagged: peer to peer

March 26, 2015 @ 6:37 pm By JD Alois  |  

Data published by the China Banking Association indicates a “surge” in internet banking.  According to a report in ECNS, individuals using online banking services has hit 909 million – an increase of 150 million compared to the year prior. Financial transactions totaled an astounding 60.85… Read More

March 26, 2015 @ 9:01 am By JD Alois  |  

Peer to peer lender Funding Circle and Lancashire County Council have shared some data points on their partnership to provide capital to local businesses.  According to the pair, Lancashire County Council has directed over £1.5 million to 230 different companies.  The arrangement between the two… Read More

March 25, 2015 @ 8:38 am By JD Alois  |  

Australia based peer to peer lending platform SocietyOne has added to its executive team with the appointment of new Chief Operating Officer Simon Schwarz. The new hire will help position the platform for further growth as the P2P lending industry continues to disrupt traditional banks… Read More

March 24, 2015 @ 8:58 am By JD Alois  |  

The UK Financial Conduct Authority is a relatively new entity having only been formed in 2013, reconstituted from its predecessor the FSA.  The transformation, which saw the responsibilities of the FSA migrated over to three different regulatory bodies, was engendered in part by the financial… Read More

March 24, 2015 @ 1:00 am By JD Alois  |  

The lending environment is heating up in Australia with peer to peer lending platforms on the move. Now Kabbage, an online lender providing small business loans has announced a partnership with Kikka Capital to power its small business lending service commencing in May.  The collaboration… Read More

March 23, 2015 @ 3:36 pm By Therese Torris  |  

Peer to peer lending platform Unilend has announced a significant investment in the amount of € 8 million from BPI France, a state government investment fund, Ventech and 360 Capital Partners.  The direct lender was launched in 2013 prior to formal regulations which were finalized in… Read More

March 23, 2015 @ 10:35 am By JD Alois  |  

Peer to peer lender Funding Empire has announced a new, asset backed product in collaboration with The Business Lending Exchange (BLX).  The announcement was described as the “first product” in regards to the strategic relationship between Funding Empire and BLX. The new products are available… Read More

March 23, 2015 @ 8:32 am By Samantha Hurst  |  

Lending Works, a peer-to-peer lender for insurance against borrower default risk, is pleased to announce the launch of several new features aimed at the UK pensions market, as new pension rule changes come into effect in April 2015. More than 52% of Lending Works’ lenders… Read More

March 22, 2015 @ 6:39 pm By JD Alois  |  

Peer to peer lending platform DirectMoney is said to be preparing to publicly trade shares on the Australian Securities Exchange (ASX) within the next eight weeks. If it successfully lists shares it will become the first platform to trade in Australia and one of the… Read More

March 20, 2015 @ 4:29 pm By JD Alois  |  

Direct lender Dealstruck added another name to its executive bench today. Ryan Campbell has been appointed VP of Sales and will need the peer lending platform’s push to grow sales and revenue.  He will be tasked with the overall productivity and effectiveness of attracting new… Read More

March 20, 2015 @ 2:39 pm By Anthony Zeoli  |  

Facebook has just announced the release of a new “P2P” payment feature incorporated in its messenger service. The application will allow users to send & receive money to each other using their platform. Facebook launched the service saying “it is easy, and it is free”.  The… Read More

March 20, 2015 @ 10:42 am By JD Alois  |  

Earlier this week George Osborne, Chancellor of the Exchequer, took his story up to Parliament to share his view of the UK economy and his strategic vision going forward.  The speech was broadly well-received, and as politicians typically do, there was something for everyone including a… Read More

March 20, 2015 @ 10:00 am By Samantha Hurst  |  

Research and Markets has announced the addition of the “US Alternative Lending Market Report: Peer-to-Peer (P2P) and Online Platform-based Business (OPB) Lending” report to their offering. The future of alternative lending is looking bright in the US. Non-traditional alternative lending has grown rapidly in the last few… Read More

March 19, 2015 @ 8:44 am By JD Alois  |  

The China Banking Regulatory Commission (CBRC) is preparing to tighten the regulatory environment for the fast growing peer to peer lending industry. According to multiple reports, rules have been drafted and are being distributed for review by various industry experts and platform operators. An internal… Read More

March 19, 2015 @ 8:16 am By JD Alois  |  

Peer to peer mortgage lender Landbay has appointed Julian Cork as Chief Operating Officer. Julian has been hired aid in the rapid growth being experienced by the funding platform. He will be joining co-founders John Goodall and Gray Stern in the buy to let focused… Read More

March 17, 2015 @ 8:16 am By JD Alois  |  

Grouplend, Canada’s first peer to peer or marketplace lender, says demand is soaring for its services. Grouplend has just passed $30 million in consumer loan applications. “With unprecedented demand for our fast, convenient and cost-effective borrowing platform, we’re excited to announce that we’re making our… Read More

March 17, 2015 @ 8:06 am By JD Alois  |  

VPC Specialty  Lending Investments PLC has successfully listed shares on the London Stock Exchange (LSE) on the “premium listing segment of the Official List.  VPC will trade on the LSE under ticker symbol VSL.  VPC was created by asset manager Victory Park Capital, a firm… Read More

March 12, 2015 @ 9:31 am By Erin Hobey  |  

Celebrating the tenth anniversary in finance,  Zopa, world’s first peer to peer lender has made significant achievements since its founding  “in a barn in Buckinghamshire.”   Zopa, led by CEO and Co-Founder Giles Andrews, launched a disruptive financial industry that enables consumers and businesses to bypass banks. Since… Read More

March 12, 2015 @ 8:15 am By JD Alois  |  

Zopa has just celebrated its birthday of providing loans to consumers for 10 years.  Since the site launched way back in 2005, the peer to peer lending industry has changed and grown dramatically.  This growth continues today with the incorporation of new technology, better customer… Read More

March 10, 2015 @ 9:13 am By JD Alois  |  

Leading peer to peer lending platform RateSetter, has hired Simon Pearse as head of compliance.  Described as an “industry heavyweight”, Pearse previously spent 8 years as a senior manager at the FSA/ FCA and also led the development of the regulatory risk framework at OneSavings… Read More