Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
Shares of UK Subprime Lender Provident Fall 70% after Profit Warning
ShareTweet
Home
Europe
Shares of UK Subprime Lender Provident Fall 70% after Profit Warning

Shares of UK Subprime Lender Provident Fall 70% after Profit Warning

Fintech Nexus Staff·
EuropeFintechNews Roundup
·Aug. 23, 2017·1 min read

The company is estimating a full year loss and its CEO has resigned; it is also being investigated by the FCA and cutting its dividend; the surprise estimates and regulatory investigation are key factors influencing the stock market losses; the company serves 2.4 million customers through a door to door lending process with a focus on the underbanked. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

    View all posts
Tags
FCAlisProvidentUK
Related

Study reveals half of Brits are now more wary of online banking, with online fraud a key concern

money exchange

Preserving the Singleness of Money as Stablecoins Enter the Economy

transaction

The VRP Key to Open Banking

gig economy

Gig Economy Loan Approvals Could Lie in Income Probability

Popular Posts

Today:

  • FUTURE NEXUS IMAGE TEMPLATES!! (2)OCC Hints at Trouble for Charters Jun. 18, 2026
  • Fonoa (2)Funded: Fonoa raises $110M to build the operating system for autonomous tax May. 29, 2026
  • Ethan ChanAllium CEO Ethan Chan on making blockchain data usable Sep. 3, 2026
  • Nic BairdThe $10,000 inference trap: A former pro sailor’s fix for AI’s money problem Oct. 1, 2026

This month:

  • FUTURE NEXUS IMAGE TEMPLATES!! (2)OCC Hints at Trouble for Charters Jun. 18, 2026
  • Dr. Devi Parikh“Too heavy of a hammer”: How Yutori is beating AI giants at building the web’s future Sep. 10, 2026
  • Ram PalaniappanIn 2026, Your Wages Should Not Be On a Two-Week Delay Aug. 20, 2026
  • Ryan WigginsMercury’s Ryan Wiggins on Building Customer Trust: Lessons from a Decade at Facebook and WhatsApp Jul. 2, 2026
  • Santiago SuarezInside Addi’s mission to build a fairer financial system in Colombia Feb. 19, 2026
  • Dr. Jean NehmeHardware as a durable moat & the former surgeon’s bet on “soft robotic cells” Aug. 27, 2026
  • Ethan ChanAllium CEO Ethan Chan on making blockchain data usable Sep. 3, 2026
  • TitoEscaping the demo: The founders building the foundation for medtech physical AI Jul. 23, 2026
  • FNMerge CEO on building the pipes behind AI, and starting with zero code May. 21, 2026
  • 197Renton’s Take on Loan Model Risks Nov. 4, 2025

More News
  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2026 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results