Entries by Stephen Kiely

StepChange urges DWP to improve historic Tax Credit overpayment deductions practices that leave 98% struggling

Deductions from Universal Credit used by the Department for Work and Pensions to collect historic tax credit overpayments are leaving households unable to pay for rent, food and groceries, according to a new report from StepChange Debt Charity. Survey data reveals 98% of StepChange clients experiencing such deductions struggle to cope, and 59% borrow to […]

Half of UK businesses fear Brexit disruption on finances

Half of all UK finance leaders say they are concerned by the potential disruption caused by new international trade agreements and Brexit laws, a new survey has found. 49% of finance leaders said they believe the UK’s exit from the EU and the single market will affect their ability to process payments. This increases to […]

JLM Mortgage Services integrates OMS

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been integrated across it proposition by leading mortgage and protection network, JLM Mortgage Services. JLM Mortgage Services has opted for OMS after an extensive review period and the integration will allow all JLM’s Appointed Representative (AR) firms access to OMS’ […]

COVID sees number of “side-hustlers” double

One in four (24%) UK adults now work a second or third job, or run a “side hustle” to boost their earnings. Research from Credit Karma reveals that the number of people with multiple streams of income has doubled since Covid hit. Most ‘side-hustlers’ (61%) say that their financial stability is dependent upon this additional […]

Divi Expands Leadership Team with Duo of High Profile Appointments

Decentralized Payment Ecosystem Divi Project (Divi), has announced two new senior appointments and a promotion to accelerate its tech innovation, drive its entry into DeFi, and expand its commercial partnerships. Chris Airola has been appointed Chief Product Officer at Divi Labs, the Divi Project’s fintech innovation center, responsible for developing world-class decentralized solutions powered by […]

United Trust Bank expands its ‘Fast-Track’ bridging criteria with larger loans and higher LTVs

United Trust Bank (UTB) has expanded the criteria for its award winning Fast Track bridging service following a very successful first six months. UTB’s Bridging division fully launched the service to brokers in February this year and the dedicated Fast-Track service has proved extremely popular amongst brokers looking for quick decisions and pay outs on […]

Castle Trust Bank added to Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Castle Trust Bank to its lender panel. From today, Paradigm members will secure access to Castle Trust’s specialist range of holiday property and residential buy-to-let products. Castle Trust also works with advisers to find bridging and term lending solutions for their property investor clients. As […]

Recognise Bank enter personal savings market

Recognise Bank, one of the UK’s newest banks, has announced that it is entering the personal savings market with the launch of a range of fixed rate and notice accounts. Recognise Bank launched at the end of last year, initially providing commercial loans and mortgages to the under-served SME business sector. The bank has now […]

PayU partners with AU10TIX to streamline merchant onboarding 

PayU, the payments and fintech business of Prosus, today announces its collaboration with AU10TIX, an identity management company, to screen customers and ensure a frictionless onboarding process. The PayU-AU10TIX partnership will streamline the merchant onboarding process by utilising AI and automation to rapidly authenticate identities.  The new service will be used to verify the identities of individuals or representatives of […]