This article, authored by Rhydian Lewis (RateSetter CEO and founder), first appeared on CityAM.
The launch of Innovate Finance, a new body dedicated to
supporting fintech (or financial technology) in the UK, at Canary Wharf this month highlighted London's ability to become the global centre of the sector.
They say there is no "fin" in San Francisco and no "tech" in New York - but there is certainly both in London.
Innovate Finance, the new industry body for the UK FinTech sector, launched today at London's Level 39 - with RateSetter as a founding member.
Launched by the Chancellor of the Exchequer, George Osborne, at an event attended by more than 250 influential figures from across the industry and the
government, Innovate Finance will promote the interests of Britain's rapidly growing financial technology sector and further strengthen its leading
position in the global market.
July was a big month for RateSetter and the UK P2P industry in general. James Tall, RateSetter's PR Manager, updates you on the key headlines from the
last few weeks.
Peer-to-peer lending doubles in six months
This article, authored by Rhydian Lewis (RateSetter CEO and founder), first appeared on The Huffington Post.
Excuse me if I'm stating the obvious but the banking system designed to lend to the beating heart of Britain's economy is clearly broken.
The large banks have been beating the drum that they are 'open for SME business,' but the numbers coming from the industry show the exact opposite.
We are delighted to announce that Alan Hughes has been appointed as RateSetter's first Non-Executive Chairman.
An experienced and respected figure in the business world, Alan held key senior positions at HSBC, and notably First Direct. During his tenure as CEO,
First Direct became the UK's most recommended bank. He trebled the size of the company whilst ensuring that it had the best regulatory record of all the
In 2013, he fronted a bid to purchase 312 branches of RBS, again pursuing his desire to see greater competition, integrity and innovation in finance.
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RateSetter is authorised and regulated by the Financial Conduct Authority (FCA) with the reference number 633741.
RateSetter is not covered by the Financial Services Compensation Scheme.
RateSetter is a member of CIFAS and is registered with the Information Commissioner's Office under the registration number Z2083390.
Its registered office is at 406 Great Guildford Business Square, 30 Great Guildford Street, London SE1 0HS.
*Representative APR based on £10,000 over 60 months. Lender rates assume full reinvestment
of repayments at the current last matched rates throughout the term and assumes any bad debt can be covered by the RateSetter Provision Fund.
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