News Briefing - Crowdfunding, SME And Alternative Finance

crowd in nightclub, seen from a DJ point of view

1.UK – FinTech

Can big Internet companies be trusted to deliver financial innovation? City AM carries a report that suggests The FCA is worried about their approach to risk assessment..

The UK finance regulator has warned Facebook to reject the mantra “move fast and break things” in relation to its libra cryptocurrency project, saying tech giants must “get it right the first time round”.

News Briefing - Crowdfunding, SME And Alternative Finance

paperwork

1.UK – AltFi

Yahoo Finance uses the LCF as a news peg for problems in AltFi.

“A “perfect storm” means more and more Brits are at risk of losing their money or running into financial trouble with unsuitable investments, according to a top financial regulator.

Charles Randell, the chair of the Financial Conduct Authority (FCA), said on Tuesday that pensions de-regulation, low interest rates, and the rise of social media have left consumers vulnerable to fraudsters or high-risk investments that aren’t appropriate.

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