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Rabobank is to run trials of P2P lending, connecting high net worth customers with businesses in need of financing. 
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The UK's influential Treasury Committee has called on banking regulators to pay closer attention to the inherent risks to consumers and banks involve
Vineet Anand's insight:
P2P lending market in UK in crosshairs of the regulator to ensure customer interests are balanced with the level of risk.
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Finextra: Queensland's Auswide Bank is to commit $60 million in funding to Australian peer-to-peer lender MoneyPlace in return for a 20% stake in the business.
Vineet Anand's insight:
P2P lender MoneyPlace gets a 5 year deal to fund up to $60 million from Auswide.
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The UK, Italy, Spain, the Netherlands, Turkey, Nigeria, Morocco, China, Canada and Argentina are among the dozens of countries worldwide where businesses indicate access to finance as a top three concern for doing business, notes the paper.
Vineet Anand's insight:
The UK, Italy, Spain, the Netherlands, Turkey, Nigeria, Morocco, China, Canada and Argentina are among the dozens of countries worldwide where businesses indicate access to finance as a top three concern for doing business, notes the paper.
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Finextra: Digitally enabled insurgents are placing bank-based lenders under increasing pressure and pose "a significant threat to every part of the commercial lending business" says a survey conducted by Misys.
Vineet Anand's insight:
P2P Lending in 2014 across UK was PS1.2 billion with nearly 200 platforms and another 100 awaiting FCA approval. Growth in P2P Lenders and Lending mostly to individual and SMB's is creating a challenge for bank lenders!
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Finextra: UK peer-to-peer lending platform Zopa has now facilitated more than £1 billion in loans, involving more than 200,000 people.
Vineet Anand's insight:
P2P lending platform Zopa has now faciliated STF 1billion in loans. Interestingly borrowers are using Zopa for buying cars (40%), home improvements and debt consolidation both on 22%. Zopa has 2% of market share in personal loans market!
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Finextra: The UK could be swamped by P2P lenders after it emerged that more than 100 companies have sought regulatory authorisation while almost 200 are already operating via interim permission from the Financial Conduct Authority (FCA).
Vineet Anand's insight:
P2P lending market providers are growing at rapid pace with about 55 operating in 2014 with STG 1.2 billion in lending. It seems nearly 300 providers are / have sought FCA authorization.
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Finextra: UK challenger bank Metro Bank is to lend funds to consumers via the online marketplace operated by P2P pioneer Zopa.
Vineet Anand's insight:
Metro Bank partnership with Zopa for P2P lending!
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Finextra: Peer-to-peer lender RateSetter has secured a £20 million investment from veteran banker Ken Costa, along with Woodford Investment Management and Artemis.
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Finextra: Alibaba has enlisted the help of two UK working capital startups to provide micro-financing to European firms wishing to buy from Chinese suppliers.
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Rabobank trials P2P lending platform between private banking customers and SME's. Picking up on industry trend and arresting some amount of bleeding in the P2P lending space.