Falcon Group discusses the challenger bank scene in The Sunday Times

Kamel Alzarka photoSpeaking in a piece for The Sunday Timesin the Financial Services Technology report Kamel Alzarka, chairman of Falcon Group, comments on the rise of challenger banks in the financial landscape.

The drop in lending by UK banks has prompted the growth of non-bank options. Mid-cap companies, in particular, have struggled with banking support. “Peer-to-peer lending is looking increasingly like a bubble – there are some 1,800 platforms around the world”, says Alzarka. “At the same time banks are lending less – challengers will only grow.”

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