During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.
Banks in no rush to join Facebook’s crypto project from Financial Times – It is interesting but not surprising that not one large bank has come out publicly supporting Facebook’s Libra project. In both the US and Europe banks have either been keeping quiet or are negative on the idea.
Monthly Jobs Report; Mortgage Fintech Innovation from PeerIQ – The weekly PeerIQ newsletter digs into Friday’s jobs report and looks at the state of play in mortgage innovation.
A brief history—and future—of credit scores from The Economist – Interesting piece in The Economist on the history of credit scores and the rise of alternative data in developing countries.
Digital banks seek to turn popularity into profits from Financial Times – The digital banking movement in the UK is led by the likes of Monzo . They are bringing a fundamentally different business model to banking but can they make a profit?
Landbay announces £1bn funding to support buy-to-let lending from UKTN – The UK buy-to-let fintech lender Landbay has closed a huge £1b funding agreement with “a leading financial institution”.
Peer-to-Peer Lending- State of the Market Report 2019 from AltFi – Excellent report out this week on the European p2p lending market by AltFi.
Royal Bank of Scotland ‘in discussions’ with Facebook about Libra from Yahoo Finance – It seems at least one bank has started discussions with Facebook’s Libra. Oscar Williams-Grut is reporting that RBS are “in discussions with Facebook around Libra and what it might be and where it might go.” [Read more…]