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Regulation is still holding back UK marketplace lenders

This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. The Financial Conduct Authority (FCA) introduced the requirement for marketplace lenders to be licensed in 2014. However, it has struggled to process the volume of applications it's received since then, as illustrated by figures cited in a speech given by Christopher Woolard, director of strategy and competition at FCA, at Lendit Europe on Monday.
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