According to a new survey from credit card transaction specialist Fraedom, 84 per cent of banks are open to the idea of a fintech partnership.Top among their concerns is bolstering their online security, with 60 per cent of banks saying that this is a priority for them.More than a third (36 per cent) of banks said that they could use fintech partnerships to improve customer experience, while a further 36 per cent said that a fintech partnership could be used to help them achieve real-time visibility.
8% Yield Loan - LatestThe latest loan from property-backed Seascape is proving popular. This A-rated tranche yields 8 per cent gross, at a fixed rate for five years. It's currently 95 per cent funded. As is the case with earlier tranches of credit, we have used our best efforts to ensure the truth of the assertions made, but cannot warrant their absolute accuracy. Further detail is available to logged-in members.
A Process Guide To Innovative Finance ISA InvestmentMoney&Co. lenders have achieved an average return of more than 8 per cent gross (before we deduct our one per cent fee). That figure is the result of £17 million of loans facilitated on the site, as we bring individuals looking for a good return on capital together with carefully vetted small companies seeking funds for growth. Bear in mind that lenders' capital is at risk. Read warnings on site before committing capital. The annualised bad rate on Money&Co. loans in five years of trading is under 0.04 per cent.All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (IFISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income. Our offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable.So here's our guide to the process:
Risk: Security, Access, YieldDo consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here's one of several earlier articles on security, access and yield.