Alternative Finance

Private credit, non-bank lending, crowdfunding and alternative investment services.

Diagram showing capital flowing from investors and funding providers through a non-bank lender to borrowers, with repayments flowing back.

Industry Guide

How Non-Bank Lending Works

Non-bank lenders provide credit without operating as conventional deposit-taking banks. This guide explains where their money comes from, how loans are assessed and serviced, what borrowers pay, and how regulation differs across major jurisdictions.

2 h ago · 8 min read

Explainer

What Is Private Credit?

Private credit is lending negotiated outside public debt markets, often through investment funds rather than banks. This guide explains how loans are funded, how investors receive returns, where the risks sit and how regulation differs across major financial centres.

2 h ago · 8 min read

Diagram showing investor capital flowing through a private credit fund to borrowers, with loan repayments returning to the fund

Industry Guide

What Is Parabanking?

Parabanking describes financial services provided outside traditional banks, from payment wallets and money transfers to marketplace lending and digital money. This guide explains how these services work, how customer protections differ, and what to check before using a provider.

2 h ago · 8 min read

Diagram comparing a traditional bank with non-bank payment wallets, money transfer services and lending platforms