by: Grow VC Group
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Current headlines are dominated by traditional institutions becoming minor or even major players in fintech platforms globally. This week it was announced that BlackRock made an investment of £12.7 million in Funding Circle. Similar activity is mirrored by companies such as Goldman Sachs, JPMorgan and DBS in Singapore. While these large institutions are making waves in the digital finance space, similar size opportunities are being exploited by community banks and institutions in the form of local P2P networks.

The aim is simple, institutions with a network of local or “community” banks are providing their customers an alternate avenue to raise capital if they cannot do so within the physical branch. This comes in the form of onboarding these customers onto a digital finance portal which they operate. The motive for the institution is clear and with the rise of “collaboration” it makes entering the market effortless.

Local P2P platforms often sit outside the legacy banking infrastructure and leverage cutting edge technology to automate AML/KYC checks, credit scoring, disbursement and payments. By operating in the “cloud” platforms both future proof scaling and mitigate internal controls to enter the market efficiently.

We at Crowd Valley (a Grow VC Group company) have seen both local banks and institutions identify this opportunity and enter new markets in a very meaningful way. Utilising their internal expertise in market knowledge, operations and product positioning, it gives them an advantage over most.

Institutions looking to capitalise on collaboration within the fintech space, get in touch with us at Crowd Valley to leverage our full offering and industry leading Digital Back Office that bridge the gap into fintech.

Read more at Crowd Valley Blog.

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Grow VC Group The Grow VC Group is the world leading, global pioneer of securities crowd funding, peer to peer marketplaces, new investment models and global business development. Established in 2009, the Group has developed new investment models on six continents and continues to innovate the global market.

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This entry was posted on Monday, May 2nd, 2016 at 3:00 pm and is filed under Business Updates. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.