by encouraging more of us to prepare when enjoying the great outdoors, it is hoped fewer calls will be made. will be made on their time. for more stories from across the uk, head to the bbc news website. you re live with bbc news. the fast growing digital bank monzo is facing a possible loss of £100 million due to bad loans. this comes after a rapid increase in lending that has involved a push into the buy now, pay later industry. live now to craig erlam, senior market analyst, 0anda how predictable was this? well, the number how predictable was this? well, the number itself how predictable was this? well, the number itself is how predictable was this? well, the number itself is always - the number itself is always going to be hard to determine, but it was predictable that we would see an increase in bad loan provisions for two reasons. one is the fact that one so s loan book is more than trebled, or roughly trebled
track record that many of the, and the diversification that many of the massive lenders or other lenders that were more familiar with to have. high interest rates means that investors are being a bit more selective. but we haven t seen, especially in the case of monzo, who seem to be quite comfortable with their decision, they say they expect to turn a profit this year, which is a significant move for the company as well.- which is a significant move for the company as well. thank you very much- now the alexa voice assistant is something present in many of our homes. but its developer amazon has got into some hot water with privacy matter. marikjo 0i is following the story from our asia business hub in singapore. so what happened ? victoria, what has happened is quite frightening if it is true. according to the us federal trade commission, amazon fails to delete alexa recordings of children s voices when requested by parents, and it allegedly stored data for
looking at some of the evaluations of the banks involved here. monzo was last valued at four and a half billion dollars in 2021, when it did a huge funding round that was led by abu dhabi. since then, the tide has really turned on fast growing cash hungry companies. we ve seen the likes of starling announcing that the market for ipos, initial public offerings has closed. everyone is waiting for things to improve. how secure are these companies right now in private hands, do you think? you think? that is a good question. you think? that is a good question, because - you think? that is a good question, because we - you think? that is a good i question, because we have you think? that is a good - question, because we have seen other new lenders, or especially buy now pay later, and this is the core part and a core function of monzo s lending businesses, the buy now pay later. if you look at kleiner, they have seen an enormous but evaluation drop. about 70 to 80%. so, people are a bit m
LONDON, UK / ACCESSWIRE / March 7, 2023 / It's official- The Portfolio Platform (TPP) is ready for lift off. The next chapter for this fast growing business is upon us. The 2.5 year old disruptive fintech