News Briefing - Crowdfunding, SME And Alternative Finance

Horses racing, with jockeys in the saddle.

1.UK – P2P

P2P Finance News reports on scrutiny of failed Lendy’s auditors.

“THE FINANCIAL Conduct Authority and the Treasury Select Committee have been urged to investigate the role of auditors as concerns grow about accounts being signed off for companies that are nearing collapse.

The UK Crowdfunding Association (UKCFA), which represents a number of peer-to-peer lending and crowdfunding platforms, has raised concerns with both bodies about the role of auditors in overseeing companies.”

 

More difficulties in the P2P investment trust sector.

 

“VICTORY Park Capital (VPC) and new investors are putting £6m into one of the investment trust’s holdings, troubled UK digital lender Oakam.”

3. UK – AltFi

Challenger bank OakNorth makes a new hire.

4. US – P2P

 

Lending Club announces second-quarter figures.


5. International – FinTech

 

Japan moves to embrace cryptos.