News Briefing - Crowdfunding, SME And Alternative Finance

A horserace

1.UK – P2P


House Crowd has introduced a self-invested pension plan product. AltFi reports:

“Property crowdfunding platform The House Crowd has launched a pension offering so investors can include The House Crowd investments in their pensions.

The House Crowd's Self-Invested Personal Pension (SIPP) will allow investors to earn up to 10 percent a year tax free, says the crowdfunding platform, as it looks to expand its product range.

The scheme will allow investors to invest in The House Crowd's Secured Peer-to-Peer Bridging Loans, Peer-to-Peer PropertyDevelopment Loans and its Auto-Invest products.”

2. UK – FinTech

Open banking operator, Bud, moves towards the SME market.

“Ed Maslaveckas, the CEO of Open Banking provider Bud, today announced a refocusing of the startup's resources towards SME customers via a new suite of services.

“We started out working exclusively with the largest institutions because that was where most people went to manage their money - but the truth is that a lot of these decisions are taking place elsewhere now,” Maslaveckas told audiences at Wired’s annual Smarter conference.

The new offering comes with a developer portal for smaller businesses to use Bud’s sandbox environment and pricing on a per-user basis, as opposed to larger packages the startup offers to banks.”


 3. International – FinTech

Crowdfundinsider on a new masters’ programme in Distributed Ledger Technology established in Malta.

“The island country of Malta has  introduced a Masters in Blockchain and Distributed Ledger Technology program. The crypto-friendly jurisdiction in the Mediterranean has taken several measures to support the development of its emerging blockchain industry.

Malta has established a government authority to assess and certify distributed ledger technology (DLT) platforms. The nation has also created a regulatory framework for smart contracts and introduced comprehensive guidelines for conducting digital token sales.”


4. International – P2P

Technode reports:

“Chinese internet financial risk and online lending regulators may be intensifying efforts to clamp down on the online peer-to-peer (P2P) lending space after a recent meeting to discuss progress in regulating the sector, according to the state-backed news publication Securities Times (in Chinese).

Why it matters: China’s P2P lending crackdown has shuttered thousands of lending operators and heavily crimped operations for even prominent players like Lufax and Dianrong. The meeting suggests that surviving platforms may face even tougher scrutiny with the official debut of the nationwide monitoring system scheduled for next year.”


5. International – P2P

Computer World Australia on a testing time for Goldman Sachs’ Marcus platform:

“The observability team in charge of maintaining the health of Goldman Sachs' new digital saving and lending platform Marcus had to quickly stand up a Splunk instance to monitor its logs and establish some key health metrics for its systems as the service quickly scaled.

Since launching in the UK in August last year, Marcus has amassed more than 250,000 UK users and £8 billion in deposits or savings. The digital-only platform is often referred to as a 'fintech' within the bank, as it was built in the cloud from scratch in just 11 months. The business was given the freedom to build key applications using microservices, operate a devops model and adopt best of breed cloud-native tools, predominantly from the Amazon Web Services (AWS) stack.”