BoE Speech To 'Rattle Cages' On FinTech - Plus Loan News


Cage

Our friends at Crowdfundinsider report a presentation on the future of FinTech by Bank of England governor, Mark Carney, that Crowdfundinsider expects to "rattle a few cages" in mainstream finance.

CrowdfundinsiderLogo

"Governor of the Bank of England, Mark Carney, has engendered much respect from the land of Fintech. An unabashed supporter of the potential for financial innovation to improve financial services for all, Carney has periodically addressed the subject of Fintech with pointed speeches.

"Speaking [yesyterday] at the Deutsche Bundesbank G20 conference on 'Digitising finance, financial inclusion and financial literacy' in Wiesbaden – he must have rattled a few traditional banker types in the crowd. Carney predicted that Fintech could, in time, 'signal the end of universal banking as we know it.'

"The Bank of England has already published papers on Fintech disruption while launching an in-house Fintech accelerator to observe and learn. This is part of the educational process for the 2nd oldest central bank in the world."

M&CLogo

Latest Offering & Lending Risk

Meanwhile, the latest loan offering on site, an A-rated loan from legal publishers, Lawpack, is rattling along at pace - 29 per cent funded at the time of writing. But a word of warning: Some of the lenders' bids may prove a little ambitious. Offers of expensive credit are often driven out at the end of the auction period by cheaper offers - witness the last two webuyanyhome.com loans.

See also this tip from our Knowledge Hub:

  • If you're involved in an auction process, watch that process carefully. There may be lots of bids at the end of the auction period, and the more expensive money gets driven out at the end as the borrower accepts the lowest bids.

Remember, capital loaned is a risk. Please read the warnings on site.



FOLLOW MONEY&CO. ON TWITTER

Search news

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More news

2019
AprilMarch
February
January
2018
DecemberNovemberOctoberSeptemberAugust
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
MayMarchFebruary

Search blogs

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More from blogs

2018
2017
2016
NovemberOctoberSeptemberAugustJulyJuneMayMarchFebruaryJanuary
2015
DecemberNovemberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary
2014
DecemberNovemberOctoberSeptemberAugustJulyJune



Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.