UK peer-to-peer (P2P) lending sites Zopa, Funding Circle and RateSetter have set up the Peer-to-peer Finance Association (P2PFA) a new trade body tasked with ensuring the sector maintains high minimum standards of protection for consumers and small business customers. In Britain this year, P2P finance will account for more than £100m of loans to individuals and small businesses.
As new financial regulatory structures are put in place by the government over the next 18 months, the P2PFA will work to ensure that the new rules will include effective regulation for the P2P finance market.
Giles Andrews, chief executive officer (CEO) of Zopa, will act as the committee’s initial chairman. Andrews said: “We are very pleased to be taking this significant step in the evolution of this new and exciting sector. The association recognises that this fast growing market will benefit from the high standards that the association has laid down and will police among its members.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more