Sage partners with MarketInvoice & Funding Circle to expedite P2P finance!

July 25th, 2015|

Sage, a UK business software and services provider, has announced two significant partnerships within the UK’s fast growing alternative finance industry by unlocking finance for SMEs. Lack of finance remains a critical issue for UK companies, with almost 40 per cent stating it holds them back from growing, according to UK Bond Network.

Integrating with one of […]

Goldman Sachs thinks “startup” & plans to offer consumer loans online!

July 25th, 2015|

The 146 year old investment bank, Goldman Sachs, is to launch an online lending platform next year. This is a major milestone within the P2P industry since it marks the first major bank to enter the market. The New York Times posted a lengthy article about Goldman’s plans to launch its online lending platform and compete with top USA based platforms Lending […]

The UK’s small business owners expect alternative finance demand to surge

June 6th, 2015|

Britain’s alternative finance sector is set to receive an increased amount of attention in the next two years, as 64 per cent of small business owners across the country expect demand to grow.

The most popular form of alternative finance is crowdsourcing, such as crowdfunding and P2P lending.

The findings from lending from Amicus revealed that just eight […]

Hidden extra bank fees hit UK businesses with £400m bill

May 7th, 2015|

Research by MarketInvoice, an online invoice marketplace, has found that some 26,000 UK businesses face up to 35 hidden fees in their invoice finance contracts with banks, on top of interest and service fees. high street lenders charge 6.4p on average for every £1 of invoice finance. About 60,000 businesses borrow £20bn every three months […]

Bank Referral Legislation to Peer to Peer lending Platforms

May 7th, 2015|

In the UK, with the Small Business, Enterprise and Employment Act receiving Royal Assent in March, it has been estimated that the bank referral legislation encouraging banks to recommend small to medium enterprises to peer to peer lending platforms encompassed in the act could result in £2bn more funding being injected into the SME economy […]

BANKS and building societies have condemned a bank deposits tax plan as a burden on ordinary Australians and retirees.

May 2nd, 2015|

TREASURER Joe Hockey is pressing ahead with a proposal for a 0.05 per cent levy on deposits of up to $250,000, even though he criticised the former Labor government when it floated the idea ahead of the last election.
A bank deposits insurance levy is likely to be unveiled in the May budget as part of […]