Facebook has a new patent that will let lenders look at your social network to determine your credit risk

August 9th, 2015|

Your Facebook friends could play a part in determining your credit score one day.

On Tuesday, Facebook secured a patent that could be used to filter spam as well as improve searches. But part of the patent could also be used to help lenders determine your credit risk by looking at who is in your social network.

The […]

How Will a Interest Rate Rise Impact the UK P2P Lending Space?

July 26th, 2015|

Britain has been warned: the first rate rise since the financial crisis is coming.

Governor of the Bank of England Mark Carney confirmed last week that the long window of 0.5% borrowing costs is coming to a close. Mr. Carney stated that the base rate cost of borrowing is likely to climb to just over 2%. […]

Welcome to ‘the biggest change in banking for 400 years’

July 26th, 2015|

According to Liberum, P2P lending in the UK will grow at 98% year-on-year in 2015, with £3.5bn presently lent out. Worldwide in 2015, it’s estimated that $77bn will be lent via P2P platforms – $60bn China, $12bn USA and $5bn UK. Morgan Stanley’s Huw Steenis says: “While marketplace lending is still 1% of unsecured […]

Including P2Plending in the new innovative finance ISA will provide boost for millions of Brits

July 26th, 2015|

According to Giles Andrews, CEO and co-founder of Zopa (one the UK’s larges P2P lending platforms), something momentous has happened to the UK peer-to-peer lending industry, as the government finally confirmed its plans to introduce a new type of Isa covering peer-to-peer loans. This boost for the sector comes a decade after his company Zopa pioneered the […]

Peer to Peer Lending – The pro’s and con’s | FT Business

July 25th, 2015|

Emma Dunkley, FT retail banking correspondent, examines the risks and benefits of alternative peer-to-peer lending platforms, which use technology to match lenders to borrowers directly in an easier and more efficient way than traditional banking.

Peer-to-peer lending on BBC’s Your Money

July 25th, 2015|

BBC Your Money – Brings us some insights into businesses who have greatly benefited by Peer to Peer Lending.

Peer-to-Peer Lending: The Future of Loans

July 25th, 2015|

Funding Circle Co-Founder Sam Hodges discusses small business loans and peer-to-peer lending. He speaks on “Market Makers.”

New Lativan P2P Lending Platform – Twino, offers 20% ROI

July 25th, 2015|

TWINO (www.twino.lv) is a new Latvian based peer-to-peer lending platform that connects mainly Latvian borrowers with European investors. TWINO was founded by FinaBay – a trend leader in financial innovations. It is a company that believes that new technology can bring a turning point in our perception of even the most conventional financial products, by making […]

Lending Club continues to open up to Investors in the USA

July 25th, 2015|

Major USA P2P lending provider, Lending Club, has announced that it is now open to investors in the states of Texas and Arizona. P2P lender, Lending Club, is now officially open to retail investors from 30 US states.

“We are delighted to announce the addition of two key states today, which we believe will help drive […]

UK P2P lending sector achieves another record quarter in Q2 2015

July 25th, 2015|

The UK’s P2P lending sector has achieved another record quarter in Q2 2015, lending over GBP 500m to consumers & businesses for the first time in its history. In total, the eight largest UK P2P lending platforms originated £507.4m worth of loans over the three months to the end of June, according to the P2PFA, with cumulative lending for the industry now over GBP 3.1bn.
The […]