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Mainstream Bank Enhances Digital Asset Management Potential
We can finish off what’s become a mini-series of stories on the way digital banking is not just joining the mainstream service offering available out there – when it is in fact dictating what the mainstream really is. The Fintech Times has this offering: Lloyds Bank has bolstered its collaboration with financial software firm Alfa to make it easier for customers to use asset finance to manage their working capital. Under their partnership, Lloyds Bank will upgrade to Alfa Systems v5, a cloud-based system that automates its asset finance solution’s customer servicing, income collection and recovery and pay-out handling. Lloyds …
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Interest Rate Rises To Float Deposit Account And P2P Boats
The story of alternative finance is, perhaps unsurprisingly, a story of continuous parallel development. The alternative world develops and influences the mainstream. The genesis of peer-to-peer (P2P) finance was born of the need for alternative funding (and for lenders, yield source) not to be found in the mainstream. P2P loans of course are very different from conventional, banking savings products – and bear very different risks (see the warnings plastered allover this site – Home Page, Auction, and just about every News story). Nevertheless, the need for yield drives both P2P and deposit markets. It’s with this in mind, that …