What’s happened in Banking last week Lloyds Banking Group has announced plans to reduce the size of hundreds of its branches. The new ‘micro branches’ will be staffed by two people, who will help customers to use machines, including pay-in devices. Some...
What you need to know Revolut is a UK based currency service. It is making the most out of its extensive user base of more than 500.000 users. After sealing a deal with MoneyFarm to refer customers to their robo investment service, it is now offering instant credits...
What you need to know The Financial Conduct Authority (FCA) said businesses borrowing money and lending it out must have permission to “accept deposits” — which is a feature of the banking sector. Any company borrowing and lending onwards without correct regulatory...
What you need to know: First, collaboration between conventional banks and fintech platforms will continue. Yet, the limited-purpose fintech bank charter may not reach final developments before 2017 ends. Second, marketplace lending will continue with smaller...
What you need to know: There is a high demand for mortgage electronic solutions. Last year has seen how Radius Financial Group created a fully paperless process, using help from DocMagic, the MERS loan registry, Fannie Mae and Santander Bank. This year we will see...
What you need to know: The SME lending market is worth $300 billion in India and 10% of it is digital finance. After demonetization, about 1000 SMEs took advantage of online credit products that allowed Capital Float, a working capital loans provider, to experience...
