25 May 2017
Visit www.capgemini.com/worldreports

Zopa granted full authorisation by FCA for P2P lending

11 May 2017  |  2455 views  |  0 Source: Zopa

Zopa, the pioneering financial services business, announces that it has today been granted full authorisation by the FCA for peer-to-peer lending (Article 36H).

Giles Andrews, co-founder and Chairman of Zopa commented: “Zopa, both individually and as a founder member of the Peer-to-Peer Finance Association (P2PFA), has campaigned for peer-to-peer lending to be a regulated activity for a number of years. We are delighted to receive our full FCA authorisation.”

Jaidev Janardana, Zopa’s CEO, said: “The authorisation process has been rigorous and in-depth and involved extensive scrutiny of our business. We will continue to focus on serving UK borrowers and investors through our market-leading products and best-in-class customer experience. In addition, we are also working towards applying for a banking license which will allow us to offer great customer choice whether you are spending, borrowing, saving or investing”.

Full Authorisation from the FCA is a pre-requisite for Zopa to offer the Innovative Finance ISAs (IFISA). Following notification that Zopa has been granted full authorisation, it will seek permission from Her Majesty’s Treasury (HMT) to become an ISA Manager. Further details of the launch of Zopa’s Innovative Finance ISA will be announced following the HMT’s decision.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit vasco.com/news/PSD2-compliant-solutionsDownload the paper now

Top topics

Most viewed Most shared
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
9125 views comments | 28 tweets | 28 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
9112 views comments | 22 tweets | 31 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8899 views comments | 21 tweets | 24 linkedin
BBVA brings info and payments to social and messaging networksBBVA brings info and payments to social an...
6721 views comments | 11 tweets | 17 linkedin
UK SMEs missing out on £1.6bn by not accepting 'next gen' paymentsUK SMEs missing out on £1.6bn by not...
6609 views comments | 24 tweets | 18 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job