Breaking News
Investors feeling economic stagnation
Against a backdrop of beleaguered Brexit negotiations, investors in the Assetz Capital platform are not hopeful of a national economic boost in the coming quarter, according to the Q2 Investor Barometer.
The peer-to-peer lending platform canvasses the views of its investors every quarter, and economic sentiment has remained broadly stable in Q2. Asked how the economic situation would impact their lives in the next three months, 59% said it would have no impact – up from 52% in Q1.
10% said it would have a positive impact, down from 13%; while 31% said it would have a negative impact, down from 36%.
Stuart Law, CEO at Assetz Capital said: “This year’s Spring Statement appears to have brought little cheer, with more of our investors expecting further economic stagnation in the months to come. We don’t expect this to change for the better until the Brexit negotiations deliver something other than uncertainty. This should be a serious concern for the government.
“In the meantime consumers must grapple with levels of inflation that are outstripping effective interest rates. It’s no wonder alternative finance is surging in popularity with both businesses and consumers – the traditional financial systems are not fit for purpose with finance from banks to SME businesses reduced from £200bn to just £165bn over the last few years, and bank savings interest rates still languishing just above zero.
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Ryan Expands Global Presence and European Reach Through Acquisition of Svalner Atlas Advisors
Ryan, LLC (“Ryan”), a leading global tax services and software provider, today announced it has entered into a definitive agreement to acquire Svalner Atlas Advisors, a premier independent tax and transaction advisory firm headquartered in Stockholm, Sweden. The acquisition will expand Ryan’s presence across the Nordics and Benelux regions while enhancing the Firm’s ability to deliver integrated cross-border tax and advisory services throughout Europe.
Silverflow Accelerates Post-Series B Growth with New Amsterdam HQ and 20% Headcount Increase
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Loqbox and Blackbullion Partner to Close the Credit Confidence Gap for 450,000+ UK Students
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Platform Veteran Geoff Towers Joins Platform One Board
Geoff Towers, the CEO of multiple platforms throughout his career, has joined the Platform One board as a non-executive director.
Mastercard Advances Instant Cross-Border Payments with TIPS Cross-Currency Pilot
Mastercard today announced its participation in a Eurosystem-led pilot, conducted in collaboration with Danmarks Nationalbank and Sveriges Riksbank, on the TARGET Instant Payment Settlement (TIPS) platform, testing instant cross-currency payments (TIPS X-CCY). Participation in the pilot represents a key milestone in Mastercard’s strategy to build direct connectivity to payment infrastructures and demonstrates how instant cross‑border payments can be executed and settled instantly at infrastructure level.
PayAngel Expands Global Payout Capabilities Through Collaboration with Visa and Currencycloud
PayAngel (https://PayAngel.com), a cross-border payments platform built by migrants and shaped by a lived understanding of the migrant journey, today announced an expanded collaboration with Visa, a world leader in digital payments. Leveraging Currencycloud, a Visa Direct solution, PayAngel will strengthen its multicurrency account and international payout capabilities.
Ryan Expands Global Presence and European Reach Through Acquisition of Svalner Atlas Advisors
Ryan, LLC (“Ryan”), a leading global tax services and software provider, today announced it has entered into a definitive agreement to acquire Svalner Atlas Advisors, a premier independent tax and transaction advisory firm headquartered in Stockholm, Sweden. The acquisition will expand Ryan’s presence across the Nordics and Benelux regions while enhancing the Firm’s ability to deliver integrated cross-border tax and advisory services throughout Europe.
Silverflow Accelerates Post-Series B Growth with New Amsterdam HQ and 20% Headcount Increase
Silverflow, the cloud-native payment processing company, is accelerating its post-Series B expansion after signing a major new US customer, increasing headcount by more than 20% and moving into a new Amsterdam headquarters to support growing global demand.
EXCLUSIVE: “Payments Re-Engineered” – Nigel Thacker, Silverflow and Victor Padee, Aevi in ‘The Fintech Magazine’
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