Entries by Stephen Kiely

UK e-commerce businesses report revenue spikes in excess of 15% since the coronavirus lockdown

UK e-commerce companies have seen significant growth, both in revenues and repeat orders since lockdown. Firms report average annual revenue increases of more than 15% since April in line with the shift to online retail. The study led by global M&A advisory firm Clearwater International and consumer data specialists Conjura analysed the financial performance of […]

Hope Capital boosts underwriting team

Hope Capital has announced a further boost to its growing underwriting team with the promotion of Joanne McGillicuddy to Senior Underwriter, and the new appointment of Keiran Holmes as Underwriter. Jo initially joined Hope Capital as an Underwriter in 2018. Her promotion comes on the back of a record summer for the lender. It also […]

Aryza announce the launch of Aryza Recover

The Aryza Group has today launched Aryza Recover, a powerful new digital solution designed to automate the management of payment plans and collection strategies. In a COVID-19 environment when businesses are managing customer payment breaks with limited resources, and consumers may be struggling and falling into arrears, Aryza Recover allows consumers to review their own […]

OMS extends support and development teams

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has extended its support and development teams with two new additions. The appointment of Antonious Fokai as helpdesk support will better position OMS to provider greater levels of support for its users and lending partners. The addition of Jack Bradley to […]

MarketFinance awarded £10m grant

Fintech business lender MarketFinance has been awarded a £10m grant from the Capability and Innovation Fund (CIF), announced today by Banking Competition Remedies Ltd (BCR). The grant will be used to bring more choice and competition to the business lending industry. MarketFinance, a household name in the UK business community, has provided over £3b in […]

Lockdown tech trends here to stay

Six months on from the official government lockdown, Robert McKechnie, Open Banking Expert at Equifax UK, believes technology and digital transformation will continue to play an increasingly important role for companies within financial services: “The intersection between financial services companies, customers and technology has been irrefutably and permanently altered. COVID-19 and the consequent restrictions on […]

AML specialist SmartSearch opens first US office

Leading UK anti-money-laundering (AML) firm SmartSearch has opened its first office in the USA just two months after starting operations across the Atlantic. Building on the success of the initial launch, SmartSearch has confirmed it will have a presence on the ground in the western state of Utah. Recruitment is now underway for a team […]

Paymentology Partners with Sokin to Expand its Cloud-Based Payment Solutions

Cloud-native payment processor Paymentology has partnered with Sokin, the new generation payments firm, to enhance and extend the services offered by the Sokin-card to its client base. Sokin, a leading financial services provider, enables consumers and businesses to make fast, low cost unlimited global payments and transfers for one low monthly fee, using both wallet […]

Arrow Global Group announces €0.3bn of further capital raised for its inaugural pan-European NPL fund

Arrow Global Group plc (“Arrow”, and together with its subsidiaries the “Group”), a leading European investor and alternative asset manager in non-performing and non-core loan portfolios and real estate assets, is pleased to announce that it has held a third close of its inaugural closed-end fund Arrow Credit Opportunities SCSp (the “Fund”). An additional €0.3bn […]

FSB: Second wave covid business support required

First Minister Nicola Sturgeon this afternoon outlined new measures designed to combat the coronavirus pandemic, including restrictions upon hospitality businesses’ opening hours. The FM also reiterated that people should work from home wherever possible. Andrew McRae, the Federation of Small Businesses’ (FSB) Scotland policy chair, said: “Scottish business owners that listened to our political leaders’ […]