Zopa blog
Page 23 of 27
Current account vs savings account: how to find the right fit for your finances
When it comes to opening a bank account, you’ll normally be choosing between two options: a current account or a savings account. But what’s the difference? And how do you know what’s the best option for your finances?
•
2019 – Zopa’s year in the news
As we welcome in the New Year, we take a look back at our highlights from 2019 that were covered by the press. From announcing our largest fundraise to date, to launching new products, 2019 was another exciting year. The road to launching our bank At the beginning of December, we announced that we had
•
What the new peer-to-peer regulations mean for you
In June 2019, the Financial Conduct Authority’s (FCA) released its final review of peer-to-peer (P2P) platforms and introduced a number of new rules. Today, December 9th 2019, the new regulations have come into effect. At Zopa, we welcome these new regulations. In a lot of instances, they simply formalise best practices we’ve already been following. However, there are
•Translating the new peer-to-peer rules
As part of the new Financial Conduct Authority (FCA) regulations on the peer-to-peer (P2P) industry which come into effect on 9 December, we’ll need you to confirm your level of experience with P2P on a yearly basis. Based on this information, you’ll then be given the investor profile that best suits the details you’ve given. In some cases, the profile you fall into can lead to restrictions on
•
Know your Borrowing Power: What’s an APR?
If you need a loan or a credit card, how do you judge which one is best for you? While there are a number of factors you might want to take into account, knowing what they’ll cost you in total is top of the list. This is where really understanding what an APR is comes in handy
•
Power Up: Borrowing Power and your money
Borrowing Power is Zopa’s latest tool to help you feel good about your money. It’s an in-app tool that helps you get the best rate you can on a Zopa loan. It cuts through all the confusion to give you a 1 to 10 rating that reflects your credit health and helps you understand how we at Zopa view you as a customer.
•
The tech behind Borrowing Power
Using a unique combination of AI and data science to create our latest tool Today, we launched Borrowing Power, a new tool that combines AI, data science, and innovative technology to allow customers to borrow at the best possible rate. Users are shown what makes up their ‘borrowing power’ within Zopa’s app along with bespoke.
•