Peer to peer lending and borrowing (P2P), or more particularly, consumer P2P, is not dead, it has just been beaten up by bad actors, bandwagon jumpers and poor execution! In 2009 the notion for P2P was that "technology would take the strain" and it would beat banks at their own game. Unfortunately, that promise has not been delivered by many. Poor ...
Madiston News
Read our recent news coverage of Madiston's Digital Lending software that has enabled the launch of Carilend's Instaloan in Trinidad & Tobago. This was the third Caribbean country to launch for Carilend, this one in partnership with Massy Finance. All Carilend's online lending services in Barbados, Jamaica and Trinidad & Tobago run on Madis...
Finextra: Green investment firms this is for you.Following on from our recent blog (Can FinTech alleviate global crises?) now is a good time to look more closely at what we can all do to protect ourselves and our planet from the extreme heat we have just experienced. Climate Change won't wait for us to sort out a cost of living crisis or a war, it ...
CAN FINTECH HELP TACKLE THE COST OF LIVING CRISIS, CLIMATE CRISIS, WORLD PEACE? The financial sector is always pivotal in a crisis but rarely do we have so much hitting us at once. Storms of the past may pale against a potential hurricane of competing priorities coming towards us. We are not t...
The Madiston technical team are not just brilliant at digital banking and digital lending technology but they are also genius at coming up with entertaining fintech-specific festive poems and songs. Taking a light-hearted look at the year just gone, and looking forward to exciting times ahead, click below for their 2021 offering. Scroll down for th...
Buy Now Pay Later (BNPL) providers have enjoyed phenomenal growth across the world over the last few years. Just from the firms surveyed by the Financial Conduct Authority (FCA), the total value of BNPL transactions between January to December 2020 was £2.7bn and is expected to grow rapidly by 2024. Flexible payment options at the Point-of-Sale (PO...
Finextra: In our area of digital banking and lending, there is much talk about digital transformation and the future being in technologies such as AI, Machine Learning (ML), Cloud, CX, Open Banking, Big Data, etc. But anyone who has ever tried to arrange a house or office move, or simply communicate online with big institutions, banks, building soc...
Finextra: The answer to the question above is: "...as close to zero as practical!" Full disclosure: we are massive advocates of automation. If you have read our earlier posts in this series, you will know that we believe that automation is the route to profitable, sustainable digital lending businesses. The role of skilled people is to monitor exce...
Finextra: Flexible payment options, including Point-of-Sale (POS) "Buy Now Pay Later" (BNPL) offers, are growing in popularity at a pace that regulators are struggling to match. The Woolard Review (a review of change and innovation in the unsecured credit market) noted that the value of BNPL transactions has nearly quadrupled during 2020. Acco...
Digital lending has grown as an industry into many diverse business models, but there have been many challenges faced by them all, barriers to sustainable profitability baked-in from early technology decisions... To buy or build, own or licence, outsource or in-house? All questions that have been rumbling on for decades in the financial sector.&nbs...
'Twas the night before lockdown, the ghost of past bankingWarns dinosaur bankers of losing their ranking"You move into FinTech and get with the timesOr be left cleaning dust from your pennies and dimes.A suit in the high street was fine for C. Dickensbut Madiston-ise or be left with thin pickings."'Twas the night before Christmas two thousand and t...
Finextra: Is there any aspect of our lives that isn't wholly dependent upon trust? Our relationships with our partners, family, friends, colleagues, suppliers of our goods and services, medics, law makers, governments, world leaders - all fundamentally rely on trust. With it, those relationships can be successful and productive. W...
Finextra: Consider the positives in the way that we do things, against the background of the current pandemic. For the sake of us all, it's important to try to keep things going, learn and make all the positive moves for improvement that we can during this lockdown.For most companies, the time to make radical changes is when business is quiet or de...
As thousands of financial services employees begin to work remotely, how do you get the most from your team? How do you make the most productive use of the time? How do you make sure you move your business forward and not stand still or go into reverse over the next few challenging months? The situation, particularly at the heart of Lon...
Finextra: Most of us have never experienced times like these before but, while the medics deal with the health crisis, we - the financial services and FinTech sectors - have a crucial role to play in minimising the economic impact. To keep the economy moving, we have to keep working. Those set up to run their businesses remotely online can continue...
Thanks to Sir Tim Berners-Lee we have the ability to talk face-to-face with vulnerable members of our families, without being near them. We have the ability to work with our colleagues, without being in the same room as them. And digital businesses have the ability to carry on working to keep the economy going through this temporary cri...
There are three rhino species currently on the critically endangered list, and while monetary greed has been the leading force of this demise, it was a cryptocurrency, Rhino Coin, that was set up to help save the rhino. Also on the endangered list could be the Norwegian Krona, the Swedish Krona and the Finnish Euro (in Finland, the Markka beca...
Madiston plc, digital lending software vendor, has the findings of the recent The Bank Director's 2019 Technology Survey at the heart of its Digital Banking platform. Three key points from the survey: Banks top objectives: 72% of survey respondents say fuelling efficiency. 78% say improving the customer experience. Areas of IT spend: 68...
Finextra: In the recent Altfi "Peer to Peer Lending State of the Market 2019" report, Jonathan Segal, Partner at Fox Williams, predicted that higher value lending could be the next trend in P2P. Madiston plc, digital banking and capital markets software provider, supports this view having seen new opportunities emerging in direct lending marke...
The lending landscape has changed and online direct lending, with many flavours from Peer to Peer Lending to International Institutional markets, being established. Whatever you're planning to offer your lenders (investors) and borrowers, what should you be considering when selecting your new digital lending software? Here is our checkl...
Finextra: Peer to Peer Lending and many other online direct lending software models are changing. We have studied different models in the online loans market for over a decade and there have been significant shifts away from lenders' self-selecting their loans; visible loan auctions; and highly parameterised lender auto-lending tools. Why the chang...
Peer2Peer Finance News: "PEER-TO-PEER lending software provider Madiston has launched two new products, to encourage the growth of "ethical lending" in the personal loans space. One of the products, salary deducted loans, enables employees to authorise their employers to pay their loan repayments directly from their salary, while gaining a reductio...
Online Direct Lending can add profit to existing or new financial services firms. But the key to achieving profitability is in the lending software. The first major Peer to Peer Lenders were rightly hailed as an alternative to bank lending, offering a better deal for borrowers and lenders. They successfully did things differently from the ban...
"Buying versus building" online direct lending software - the dilemma facing financial services firms looking to meet the speed and service that Millennials and GenZ will demand from their loan provider. So what are the considerations for each and which should win the battle for precious IT budget: > SPEED TO MARKET No doubt the appr...
Madiston plc's marketplace lending software platform has been deployed by Carilend Ltd, the first Peer to Peer Lending (P2PL) business to launch in the Caribbean region. With billions sitting idle in commercial banks across the Caribbean, Carilend will enable investors to earn higher returns, and borrowers to access credit more conveniently, thereb...
Online direct lending and the technology to support it (like Madiston's own global software platform) was explored at LendIt Europe 2017 in London, alongside Open Banking and the imminent seismic changes that could follow new regulation, PSD2 and GDPR. So what were the visions for the future? Open Banking Imran Gulamhuseinwala OBE, Trustee of the O...
Extract from Fintech.Finance article "We were delighted to be the first P2P platform to receive our licence to help small businesses borrow to finance their growth. Our technology helped us to achieve this. When we first launched consumer lending, we chose Madiston's software because it was ready to go with what we needed but also gave us the abili...
"UK based Madiston has shared that FinBee, the first licensed peer to peer lender for SMEs in Lithuania, has launched using Madiston tech. FinBee has already been in operation providing consumer loans using the Madiston platform. The company is extending the arrangement to move into small business lending." Click to read full article: SME P2P...
crowdfundinsider.com "Madiston LendLoanInvest is entering the Lithuanian market having partnered with Finbee on a joint venture to offer peer to peer lending services. Madison has provided Finbee with its lending software and has become a shareholder in the company. This is the second P2P lender to have set up shop in Lithuania – a country that has...
crowdfundinsider.com "Peer to Peer lending is experiencing dramatic growth in the UK (and around the world). While traditional loans have, in some categories, lagged the economic expansion, P2P is booming. In fact UK businesses have benefited from over a half a billion in funds and consumer P2P lending may have reached over £1 billion at the end of...