Bank of England Gets into Fintech Space with Accelerator for Innovations
The Old Lady is aiming to keep pace with challenges by inviting #fintech firms to participate in its new initiative
FinTech – Finance Magnates | Financial and business news
Tagged: fintech Toggle Comment Threads | Keyboard Shortcuts
-
user
-
user
Russian Finance Firms Form Blockchain Consortium
A group of #Russian #banks and financial services companies has formed a private-sector #consortium focused on #blockchain applications.
fintech techcrunch -
user
Europe’s Top 11 Peer-to-Peer Lending Platforms
Peer-to-peer (P2P) #lending is a direct alternative to a bank loan with the difference that, instead of borrowing from a single source, companies and private individuals can borrow directly from tens, sometimes hundreds, of individuals who are ready to lend.
Since its introduction in 2005, P2P lending has spread far beyond its birthplace the UK, reaching all parts of the world.
via AltFi
In Europe today, although the vast majority of the P2P lending activity is concentrated in the UK – which accounts for over 84% of the whole European market &8211;, Germany, France and Nordic countries are experiencing strong growth and development in the P2P lending space with a number of homegrown startups starting to emerge as regional leaders.
Zopa
Zopa is an industry pioneer and the very first P2P lending platform to ever be launched in the world.Released to the public in 2005, the platform focuses on consumer P2P lending and operates in the UK and the US, through a partnership with six Credit Unions. Since its launch, Zopa has helped people lend more than £1.54 billion in P2P loans.
Zopa has been voted ‘Most Trusted Personal Loan Provider’ in the Moneywise Customer Awards for the past six years in a row.
Zopa has raised over US$ 56 million in funding.
Funding Circle (UK)
Funding Circle is an online marketplace for business loans, matching businesses that want to borrow with investors. The company was the first to launch an online platform for P2P business funding in the UK.Founded in 2010, Funding Circle has helped fund over £1.3 billion worth of loans to SMEs based in the UK. Its community counts over 50,000 investors from the UK.
Funding Circle has raised over US$ 270 million in funding and has acquired three competitors: Endurance Lending Network in 2013, LeapPay in 2014, and Zencap in 2015.
RateSetter (UK)
RateSetter is the second largest peer-to-peer lending platforms in the UK. The company is known for having introduced the concept of a “provision fund” into P2P lending.Launched in 2010, the platform has originated over £595 billion worth of customer loans last year. RateSetter has over 40,000 registered lenders and 240,000 registered borrowers.
RateSetter launched in Australia in 2014 and has raised over US$ 46 million in funding so far.
Auxmoney (Germany)
Auxmoney is a German online P2P loan marketplace focusing on private loans and consumer lending. Auxmoney allows private customers to take out personal loans of between €1,000 and €20,000 from private investors.Auxmoney has originated over €465 million worth of consumer loans so far, with €99 million accounting for the year 2015 alone. Auxmoney currently stands as one of Europe&8217;s largest P2P lenders.
The company, based in Dusseldorf, Germany, has raised over €200 million in funding so far, according to Crowdfundinsider.
CreditGate24 (Switzerland)
CreditGate24 is a Swiss direct lending platform connecting borrowers with private and institutional lenders.Launched in 2015, CreditGate24 is regulated by the VQF (Verein zur Qualitätssicherung von Finanzdienstleistungen) and is a member of the ZEK (Verein zur Führung einer Zentralstelle für Kreditinformationen) and the IKO (Verein zur Führung einer Informationsstelle für Konsumkredit).
The company said it aims at differentiating itself by offering a strict credit check by using classic credit assessment methods, Big Data tech, the insurance and the solidarity arrangement. In a detailed interview with Finanzprodukt.ch Creditgate24 mentioned that they financed 100 credit-project with zero loss in the first year and in total 165 until end of June.
Switzerland is a very attractive market for P2P Lending. The negative interest rates will push alternative investments and the the growth of Peer to Peer Lendings.
Younited Credit (formerly Prêt d’Union, France)
Younited Credit, formerly known as Prêt d&8217;Union, is one of France&8217;s biggest #fintech startups, operating a P2P lending platform accredited by the French central bank. The platform allows private individuals and institutional investors to lend money to borrowers directly through a secured bond marketplace.Founded in 2009 and headquartered in Issy les Moulineaux, France, Younited Credit is currently working on its European expansion and will first start with Italy, according to TechCrunch.
The startup has managed over €347 million in loans so far.
Younited Credit has raised US$ 52.35 million in funding.
Bondora (Spain)
Headquartered in Tallinn, Estonia, Bondora is a P2P platform for investing in European personal loans. Launched in 2009, Bondora claims it has been delivering double-digit returns to over 14,000 investors on the platform.Over €60 million has been lent through Bondora with over €12 million being paid out to investors as interests, and serves lending clients in Finland and Spain.
Bondora has raised over US$ 7 million in funding.
Geldvoorelkaar (Netherlands)
Geldvoorelkaar was the first P2P lending platform for SMEs in the Netherlands, launching in 2011. It was also the very first platform to receive a credit license issued by the Dutch Financial Authority (AFM).Launched in 2012, Geldvoorelkaar has allowed businesses to raise over €85 million worth of loans.
Fixura (Finland)
Headquartered in Vaasa, Finland, Fixura operates a consumer P2P loans platform that connects borrowers with lenders. The platform, which counts some 70,000 registered users, is said to be the largest P2P lender in the Nordic countries and the oldest one in Finland.Over €55 million has been lent over the platform.
Lendix (France)
Headquartered in Paris, Lendix is a French online marketplace for business loans, enabling investors to lend money directly to SMEs. Lendix was launched in 2014 and has allowed businesses to raise €26 million worth of loans.Shortly after acquiring its competitor Finsquare in April, Lendix raised US$ 13.5 million from CNP Assurances, Matmut, Zencap AM, Partech Ventures, Decaux Frères Investissements, Sycomore Factory and Weber Investissement, to become one of the leading P2P lending platforms in Europe.
Lendix has raised over US$ 27 million in funding.
Mintos (Latvia)
Based in Riga, Latvia, Mintos is a consumer P2P lending platform that connects investors with borrowers. The platform currently serves mortgage loans, personal unsecured loans, secured car loans, and small business loans.Founded in 2015, Mintos was the first P2P lending platform to launch in Latvia. The platform currently allows customers to invest in four countries: Latvia, Lithuania, Estonia and Georgia.
As of November 2015, Mintos had over 3,200 registered investors from more than 30 countries. Over €54 million has been lent through the platform.
The post Europe&8217;s Top 11 Peer-to-Peer Lending Platforms appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
-
user
ICAP is Building a Blockchain ‘Rosetta Stone’ to Enhance its Post-Trade Process
#ICAP is working with Axoni to build an ethereum-based smart contracts integration, but the project is being done to make it easy to swap blockchains.
fintech techcrunch -
user
Deutsche Börse Creates DB1 Ventures to Invest in Fintech Companies
DB1 #Ventures emerges as #Deutsche Borse’s new venture capital fund for #fintech investments.
FinTech – Finance Magnates | Financial and business news -
user
Life insurance innovation Part II: Startups and carriers in pursuit
This is a guest post by Amy Radin. It is a two-parter. The first #part was yesterday. We have also posted it onto the #Fintech Genome to stimulate discussion there. In yesterday’s post, I provided categories within which to organize the #innovation players within #life #insurance.   Both #startups and legacy businesses are pursuing solutions…Read more Life insurance innovation Part II: Startups and #carriers in&160;#pursuit
Bank Innovation -
user
Visa Inc Finalises Buy Out of Visa Europe
#Visa Inc has united with Visa #Europe and has appointed Gary Hoffman as a new board member.
FinTech – Finance Magnates | Financial and business news -
user
Holändischer Robo-Advisor kommt in in der Schweiz
Das Online-Vermögensverwaltungsunternehmen Pritle kündigt an, seine Dienste auf Kunden in der #Schweiz und in Österreich auszuweiten.
Dadurch wird der niederländische, “#robo advisor” gemss eigenen Angaben zum grössten unabhängigen Anbieter von automatisierter Online-Vermögensverwaltung in Europa. Pritle ist ein innovativer Vermögensverwaltungsanbieter, der es jedem ermöglicht, sein Vermögen bequem und unkompliziert anzulegen und dabei Geld zu sparen. Kunden können die Entwicklung ihrer Finanzen wunschgemäss festlegen und darstellen – und das bereits ab einer Investition von 10 EUR. Durch kostenfreie und automatisierte Portfolioumschichtung sowie personalisierte Empfehlungen unterstützt Pritle seine Kunden bei der Verwirklichung ihrer finanziellen Ziele.
Thomas Bunnik, Gründer und Vorstandsvorsitzender von Pritle erklärt: &8220;Nach der Gewinnung von tausenden Kunden in den Niederlanden und Belgien konnten wir enormes Wachstum verbuchen. Mit derselben Vehemenz wollen wir nun auch in der Schweiz und in Österreich durchstarten und die dort ansässigen Kunden dabei unterstützen, ihr Vermögen zu vergrössern. Die europaweite Expansion ist für unser Unternehmen ein logischer Schritt. Unser Ziel ist es, allen Europäern eine einfach zugängliche und erschwingliche Methode zur Vermögensvermehrung zu bieten.&8221;
Zielbasierte Geldanlage
Mit Pritle können Kunden ihre Anlageziele – z. B. Pensionsvorsorge, Ausbildung für ein Kind oder eine Weltreise – innerhalb eines vorgegebenen Zeitrahmens ganz einfach festlegen und nachverfolgen. Pritle ermöglicht es, personalisierte Profile zu erstellen, auf deren Basis massgeschneiderte ETF-Portfolios generiert und von führenden Vermögensverwaltern wie BlackRock, Vanguard oder StateStreet betreut werden. Die ETF Umschichtung wird jedes Quartal anhand der Zielvorgaben unserer Kunden optimiert und während sich das angelegte Vermögen dem Zielbetrag nähert, wird das Anlagerisiko allmählich abgebaut. Kunden können sich ungeachtet ihrer Expertise und Erfahrung im Finanzwesen innerhalb von wenigen Minuten registrieren.
Angemessenen Risikostufe
Pritle- Kunden werden bei der Festlegung einer angemessenen Risikostufe für ihr Anlageziel unterstützt und können dessen Wertentwicklung über das benutzerfreundliche Dashboard jederzeit nachverfolgen. Auf Wunsch können sich unsere Kunden jeden Euro, den sie in ihr Portfolio investiert haben, jederzeit auszahlen lassen. Bei Pritle fallen keine Überweisungsgebühren, Vorabzahlungen und versteckte Kosten an. Beträge über EUR 250.000 werden kostenfrei verwaltet, darunter verrechnet Pritle eine Gebühr in Höhe von 0,5 % pro Jahr inkl. Umsatzsteuer.
Pritle
Pritle Holding B.V. wurde 2014 von Thomas Bunnik (Vorstandsvorsitzender), Stewart Bowers (Finanzvorstand) und Azman Hamid (Risiko- und Rechtsvorstand) gegründet. 2015 folgte die Übernahme von Fundix N.V. (mittlerweile Pritle N.V.), dem damals größten unabhängigen Vermögensverwaltungsunternehmen in den Niederlanden mit dem umfassendsten Fondsangebot. Pritle betreut landesweit bereits mehr als tausend zufriedene Kunden und verwaltet für sie Anlagen im Wert von etwa 100 Millionen Euro. Pritle besitzt eine Lizenz der niederländischen Finanzmarktaufsicht AFM (Autoriteit Financiële Markten) und wird von der niederländischen Zentralbank DNB (De Nederlandsche Bank) reguliert. Die Anlagen unserer Kunden werden sicher von Stichting Pritle verwaltet, einer eigenständigen Stiftung, die nur zu diesem Zweck eingerichtet wurde. Die Gründer und der Vorstand von Pritle und Stichting Pritle sind von AFM und DNB anerkannt. Pritle hat seinen Hauptsitz in Amsterdam und bietet ein Team aus 32 erfahrenen und engagierten Fachleuten – darunter Anlageexperten, Ökonometriker, Juristen und technische Spezialisten. Darüber hinaus werden unsere Kunden von einem Team an führenden Investmentexperten via Chat, E-Mail oder Telefon betreut.
“Investieren Sie in eine sonnige Zukunft&8221;
Thomas Bunnik (32) ist Gründer und Vorstandsvor-sitzender von Pritle. Er verfügt über breites internationales Fachwissen auf dem Gebiet der privaten Vermögensverwaltung, blickt auf eine erfolgreiche Laufbahn zurück und stellt mit Pritle eine neue Art der Geldanlage vor, die zielorientiert, einfach und effizient ist.
The post Holändischer Robo-Advisor kommt in in der Schweiz appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
-
user
Exclusive: Interview with FinTech Group CEO on Road Ahead and Recent Deals
With over a billion euros on his #group‘s balance sheet, Frank Niehage talks #fintech.
FinTech – Finance Magnates | Financial and business news -
user
Abra Launches Blockchain Remittance App in US
After months of small-scale testing in the Philippines, #blockchain payments app #Abra launched in the US today.
fintech techcrunch
Reply