Another future social lender in consultation with regulators, this one in New Zealand. Nice to see they are taking the prudent route and getting regulation on their side first.
Most of our hold ups are to do with regulation and approval, but there have been some interesting side adventures along the way.
…About us:
We’re Nexx, a new service that connects people who need money to people
who have some to spare and are looking for a good rate of return.
2 responses so far ↓
Ben Milsom // July 23, 2008 at 4:17 am
Thanks for the link! The regulation side of things can be frustrating at times, but we think that its worth it. Severe penalties for breaches mean that we’re just as keen as our users to stay compliant, but we think the peace of mind people get, knowing that everything is ‘above board’ is critical. We’ll be keen to watch how CommunityLend gets on with the Canadian regulators - might actually help our process out!
Colin // July 23, 2008 at 4:55 am
@Ben … indeed.
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