Survey shows commercial lenders under threat from non-bank players

August 28th, 2015|

Digitally enabled insurgents are placing bank-based lenders under increasing pressure and pose “a significant threat to every part of the commercial lending business” says a survey conducted by Misys.

The research questioned 77 banks across EMEA, APAC and North America about digital disruption in commercial lending, trade and supply chain finance and found that 75% fear losing […]

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 […]

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 […]

Why Do Banks Reject Business Loans?

June 6th, 2015|

Why do businesses get turned down when they apply for finance? What can they do to change no into yes? And are there alternative finance routes for businesses that are rejected by the banks?

61% of small business owners looking for loans from high street banks have their applications rejected – that’s one finding of research from […]

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 […]

Peer to Peer Currency Exchanges challenge international banks

May 2nd, 2015|

Peer to peer (P2P) Currency Exchange websites provide customers with a cheaper option to transfer their money international because their rates are crowdsourced and only charge a flat commission of approx 0.5% per transaction, in comparison to banks which usually charge up to 5% plus.

The online P2P currency exchange market place, CurrencyFair, estimates that P2P foreign exchange will provide £250bn of […]

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 […]

Alternative Finance to become a £36 billion industry in the UK within 10 years

May 1st, 2015|

By 2016, the peer-to-peer market will be worth £5 billion in the UK and £ 36 billion within a decade, according to one research firm (Research and Markets). Globally, UK based platforms are leading the charge around the globe by setting up subsidiaries or joint ventures, or buying local platforms.  Over the next decade the peer-to-peer […]