Alternative Finance

on the rebuildingsociety.com blog

14th Sep, 2017

rebuildingsociety’s Rick Hyland to Speak at Seminar

October will be a busy month for rebuildingsociety. Not only is Founder and Managing Director, Daniel Rajkumar travelling to Lithuania to present at the 6th ECN Crowdfunding Convention; Business Development Manager, Rick Hyland, is also speaking at an industry seminar titled Alternative Sources of Funding – what’s best for your business?.

Rick will represent rebuildingsociety.com at the breakfast seminar scheduled to be held on October 17th at the Ward Hadaway Leeds office in Wellington Place. Ward Hadaway, one of the top 100 law firms in the UK, has a strong presence in the north, with offices in Leeds, Manchester and Newcastle.

The seminar, Alternative Sources of Funding – what’s best for your business?, will focus on the funding labyrinth that is the modern alternative finance world, analysing the positive and negative aspects of peer-to-peer lending, peer-to-business funding and angel investments.

The event begins with breakfast at 8.30am, followed by presentations from four industry professionals; Rick will be joined by representatives from Business Enterprise Fund, Angel Groups and Assetz Capital. A networking session at 10.00am will draw the event to a close.

To find out more and to sign up for a place at the event, please visit the dedicated event page.


11th Mar, 2016

Fintech North Spotlights Alternative Finance in North England

Mark your calendars for the 27th of April for an event that highlights the bursting alternative finance sector in the north of England.

Fintech North will be a packed day of events and speakers so alternative finance experts and rookies can learn, share their stories and network.

Rebuildingsociety and White Label Crowdfunding are organizing Fintech North as part of the Leeds Digital Festival. Featured speakers will include rebuildingsociety Managing Director Daniel Rajkumar and Tom Cheesewright, who created the Applied Futurist’s Toolkit. The day of programming will also include an innovation showcase chaired by Disrupts Magazine & The FinTech Times.

This event is one of the showcase events of the Leeds Digital Festival, which further highlights the prestige of p2p lending and crowdfunding in the digital and alternative marketplaces. We look forward to bringing the best minds in our industry together for this occasion, and we hope to see you there.

You can register for this free event and get more details here.

Agenda
09:00 – Registration, breakfast buffet & networking
10:00 – Opening address & 3 keynote presentations
12:00 – Q&A Panel
13:00 – Networking lunch
14:00 – Innovation Showcase – chaired by Disrupts Magazine & The FinTech Times
15.00 – Break
16:30 – End Keynote
17:00 – Drinks reception

Location: A Q L – 11-15 Hunslet Road, Leeds LS10 1JQ, United Kingdom


09th Jul, 2015

Alternative Finance Ramps Up Competition With Banks

The threat to traditional banking is growing.

From PayPal to peer to peer lending, methods of money management outside of traditional banks have boomed in the last few years. While evidence that they’re creating competition that threatens banks’ foothold in the economic market is still growing, they are expanding options and forcing banks to think smarter as customers begin exploring new ways of storing, transmitting and growing their money.

And peer to peer lending and other programs certainly have banks’ attention. In recent comments, the CEO of the Canadian Imperial Bank of Commerce confirmed that banks will have to adjust to new competition from peer to peer and other markets. Victor Dodig said the bank is looking for ways to leverage interest in Bitcoin and other new technologies to its benefit.

““We can play in that space,” Dodig says. “Will clients move in droves to these new technology platforms to do their lending? I don’t think so.” But, he adds, “Competition always changes the dynamic on pricing. Will there be pressure over time? Of course there will be.”

Other platforms, like Apple Pay and Google Wallet, have facilitated millions of transactions around the world. Executives from Accenture noted that “As banks recover from the downturn, non-banks are taking advantage by proceeding aggressively with digital innovations and capturing more and more of the banking value chain. Accenture estimates that competition from non-banks could erode one-third of traditional bank revenues by 2020.”

Digital wallet services from Google, Apple, Samsung and more have become part of people’s daily payment processes. Each has slightly different offerings in terms of security, ease of use, and compatibility with different devices, digital apps and services. Google continues to tweak Wallet, since it hasn’t been as successful as originally predicted. Of course, many such services integrate directly with bank accounts and existing credit cards, functioning more as an intermediary than an entirely new money management method.

Dodig argues that one deterrent for new financial systems like peer to peer is ongoing uncertainty about security and financial regulations: “Clients that have money with an institution want to make sure that it’s stable and secure, because (deposit) insurance only gives you protection to a certain level,” said Dodig.

However, over time, regulations are becoming clearer and alternative financial models are demonstrating their success and security. rebuildingsociety’s Digital Marketing Manager, Adam Knott, said: “Banks are keeping a keen eye on institutions like rebuildingsociety.com, because they realize the potential for disruption and competition as more individuals and organizations reduce their reliance on traditional banking.”


28th Jan, 2015

Business Confidence at a Three-Year High – Now is the Time to Capitalise

As the first month of 2015 draws to a close, UK businesses are increasingly optimistic about the year ahead. A handful of surveys have pointed towards confidence in the British economy stemming from improving labour markets and falling inflation, indicative of a positive economic outlook. Here’s a summary of why business owners should look favourably on 2015 and gear up for growth.

Increasing sales and profits

A poll by accountancy group Grant Thornton revealed the UK was one of the most optimistic economies in the final quarter of 2014, with 68 percent of executives admitting confidence for the coming year. A survey of 1,500 businesses by Lloyds Banking Group reported that 43 percent of companies expect an increase in sales, orders and profits in the first half of 2015. Confidence has been reinforced by news that the UK’s economy grew by 2.6 percent in 2014, the fastest pace since 2007.  (more…)


25th Jun, 2014

The Role of Politics in Alternative Finance

Whatever your opinion of the role of Government in free market economics, there is no questioning the importance of its stance and the value of a positive position to those operating in a market that has been touched by Government, like alternative finance.

Anything new in financial services poses challenges for Governments and questions like:

Is it a good thing? Should we regulate it? How can we get involved without compromising our neutral position?

The situation is arguably more complicated now given the sheer acceleration in disruption, driven by technology, which is leaving policy makers behind.

This week, at a seminar hosted by Interel, the Public Affairs consultancy, the attitudes of policy makers towards alternative finance were revealed in the launch of a paper called ‘Banking on Innovation: Uncovering the Political Barriers to Innovative Financial Services’.

What was clear in the report was a low level of understanding exists among MPs and trust is yet to be established from a survey of approx 25% of MPs: (more…)


30th May, 2014

The state of the UK Crowdfunding Market with Knowledge Peers

There’s lots of terrific independent research in the alternative finance market at the moment and the latest benchmark report comes from Knowledge Peers.

The good news for everyone is that growth continues to accelerate, here are the report highlights:

  • In 2014 the Alternative Funding Network forecasts the Crowdfunding sector will deliver £850m of funding to UK SMEs which would represent a 135% increase from 2013.
  • There are 42 currently ACTIVE platforms in the alternative funding space that are relevant to SMEs in the United Kingdom.
  • The Alternative Funding Network forecasts that close to 9,000 SMEs will secure funding through crowdfunding in 2014.
  • Q1-2014 saw 6,400 new active investors, of which 82% were investing in debt models.

Download the report

(more…)


07th Jan, 2013

Disintermediation in Banking is a Positive for Advisers

Here’s a letter from rebuildingsociety.com’s Julian Wells, published in Mortgage Strategy’s 7th January 2013 issue:

I was interested to read that Bank of England executive director of financial stability Andrew Haldane argue that increasing use of technology in organising loan finance could see intermediaries become “surplus links in the chain”.

In an interview with the Independent, Haldane said improvements and innovation in technology, such as peer-to-peer lending and crowd-funding sectors, could see execution-only become a “a more realistic possibility”.

He said: “With an information-based web, the disintermediated model of finance becomes a more realistic possibility.”

A number of brokers took exception to Haldane’s talk of disintermediation on Mortgage Strategy Online.

But I think there’s some confusion here – the term ‘intermediation’ means something different in the banking industry than it does to all of us.

(more…)


06th Nov, 2012

Broker guide to crowdfunding

We were delighted to be featured in this article from Bridging & Commercial, published 6/10/2012

Broker guide to understanding crowdfunding

As a growing number of businesses turn to crowd funders as a route to source finance, B&C has taken a look at the alternative lenders offering these types of loans and specifically investigated the difference between crowdfunding and peer-to-peer lending
(more…)


23rd Oct, 2012

Business Desk Features rebuildingsociety.com

Investors turning to crowdfunding for financial support

CROWDFUNDING is increasingly being turned to as an avenue of funding for start-up companies. Ian Briggs reports on those aiming to make Yorkshire a key centre for the sector’s growth.

(more…)


03rd Sep, 2012

Crowdfunding can do Wonders for Your Community

When you think of what motivates you to use a local business, it’s usually the fact that it’s close so you can save cash travelling further, you could have used it before and had a good experience, or you might know the owner and want to feel you’re contributing towards the business succeeding.

There will almost certainly be indirect benefits of doing this if other members of the community act in the same way. (more…)


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