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Post by Paul70 on Jul 11, 2018 7:21:13 GMT
Dear members While it has taken longer than we would have desired, we’re absolutely thrilled to announce that the FCA, our regulator, has granted us full authorisation, which moves us from interim to full regulatory permissions. The process was necessarily lengthy owing to the complexity of the platform and the associated due diligence required to ensure that the platform’s processes and policies are robust, and deliver effective investor protection. We hope that you will join us in welcoming this announcement and see it as an endorsement of our ability to grow and develop the business on behalf of our investors. Paul Coles Lendy Head of Compliance Paul64 |
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btc
Member of DD Central
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Post by btc on Jul 11, 2018 7:33:03 GMT
Yay, my money is safe.
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SteveT
Member of DD Central
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Post by SteveT on Jul 11, 2018 7:45:50 GMT
Good news, and congratulations to the Lendy team.
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Post by westcountryfunder on Jul 11, 2018 8:06:22 GMT
Good news, and congratulations to the Lendy team. Maybe. But based on your relative personal lending experiences, and in particular returns earned after losses, on Lendy and Collateral, which would you say has been the most successful? So FCA approval, although a legal requirement, doesn't especially excite me.
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Post by Paul70 on Jul 11, 2018 8:10:51 GMT
Thanks and very much appreciated SteveT. |
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Tony
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Post by Tony on Jul 11, 2018 8:37:01 GMT
You are having a laugh!!!
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upland
Member of DD Central
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Post by upland on Jul 11, 2018 8:44:42 GMT
Its good news , every little improvement does help boost my confidence.
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Post by Paul70 on Jul 11, 2018 8:47:21 GMT
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Post by slimanne on Jul 11, 2018 8:52:46 GMT
This is excellent news
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averageguy
Member of DD Central
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Post by averageguy on Jul 11, 2018 8:53:18 GMT
as if out of nowhere ..you must comment more often..I could pick out a few threads for you 
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Post by Paul70 on Jul 11, 2018 9:03:53 GMT
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star dust
Member of DD Central
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Post by star dust on Jul 11, 2018 9:05:25 GMT
Congratulations to Lendy and the Team, it's been a long time coming and no doubt hard earned, but glad to see you got there in the end, well done.
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dovap
Member of DD Central
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Post by dovap on Jul 11, 2018 9:22:13 GMT
oooh not been this excited since they 'won' that best platform of the year award a couple of weeks ago
truly highlights the erm value of the authorisation process
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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Post by SteveT on Jul 11, 2018 9:29:20 GMT
Good news, and congratulations to the Lendy team. Maybe. But based on your relative personal lending experiences, and in particular returns earned after losses, on Lendy and Collateral, which would you say has been the most successful? So FCA approval, although a legal requirement, doesn't especially excite me. I don’t really understand your point. So far, I’ve lost nothing on either platform but I’d currently gauge the chances of my losing money on COL (who weren’t FCA authorised despite claiming they were) rather higher than on Lendy. Whatever you think of the FCA, or Lendy for that matter, obtaining full FCA authorisation is a massive amount of work and is a huge milestone for any regulated financial business. I think that deserves congratulating. Also it should now free up some of Lendy’s resources and time to focus on the rest of the business.
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Post by Paul70 on Jul 11, 2018 9:40:01 GMT
Congratulations to Lendy and the Team, it's been a long time coming and no doubt hard earned, but glad to see you got there in the end, well done.
Thanks star dust for your very much appreciated comments.
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