Monday, January 23, 2017

Jay Mart taps FinTech to thrive in digital financial services

Bangkok Stock Exchange listed mobile distributor company Jay Mart is targeting on fintech companies and startups to embark on a transformation of its business. Read more:

Mortgages taking centre stage at online lender SoFi

Social Finance, the online lender that made its name refinancing student loans for high-earning millennials, is doubling down on mortgages. Read more:

Wonga hires new CFO to steer turnaround

UK lender Wonga has hired Joanna Baker as its new CFO as the firm attempt to restructure in the face of stricter regulation. Read more:

P2P lender Landbay granted ISA manager status by HMRC

Peer-to-peer lending platform Landbay announced on Monday it was granted ISA Manager Status by HMRC. Read more:

Loan Frame picks up $2.25m for SME lending

SME lender Loan Frame has picked up $2.25m in a seed round led by Vedanta Capital. Read more:

Is alternative lending a perishable FinTech segment?

Despite competitive propositions, it is likely that banks will eventually drive this particular FinTech segment out of business. Read more:

The China P2P lending market is finally slowing

Today with stricter rules coming and Chinese officials becoming more vigilant against bogus online lenders, the industry is finally slowing. Read more:

Funding Circle grabs $100m as its UK business hits profitability

Peer-to-peer (P2P) lending platform Funding Circle has raised $100m in a Series F round led by Accel Partners. Read more:

4thWay predicts a 50% growth in the UK P2P lending market

According to 4thWay's numbers, UK market lending will deliver another “record year”, with a total of £3.02 billion facilitated via 35 various platforms. Read more:

Alternative lending predictions for 2017

Provided the regulator continues with approvals 2017 could well be the year alternative lending becomes normal. Read more: