The most important stories and data from the world of P2P lending and alternative finance.
The biggest news this week may well be that Natwest, owned by Royal Bank of Scotland, which in turn is largely owned by the UK-taxpayer is joining the likes of Funding Circle and (sort of) entering the world of alternative finance with its new online lending platform Esme.
Good news for Landbay as it launches an Innovative Finance ISA and for Ratesetter as it announces a partnership with AI chatbot Plum. Not so good for US-based OnDeck, which despite a surge in Q4 lending is looking to cut jobs amid rising losses.
Also, not forgetting Altfi’s Ryan Weeks delving into the ‘skin in the game’ vs transparency debate - a must read.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.