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Comments on the Brexit countdown – one year to go
Thursday, 29 March 2018
Benson Hersch, CEO of the Association of Short Term Lenders (ASTL), comments on the Brexit countdown – one year to go: “It’s been exactly one year since Theresa May triggered Article 50 and kick-started the Brexit process. Today, Britain starts the countdown to Brexit and on March 29th 2019, the United Kingdom will formally leave the European Union. Although notable progress has been made on several key issues, many major obstacles to a smooth Brexit remain and there are worries over whether these demands will be met. In fact, our survey of members in December 2017 highlighted that 46% were worried about the potential outcomes of Brexit negotiations.  In more positive news for the bridging sector, despite ongoing concerns relating to Brexit and the property sector, the bridging finance industry remains in good shape and is ready and willing to meet the challenges that leaving the European Union may bring. The final quarter of 2017 saw the first time that quarterly completions for ASTL members exceeded £1 billion.  With annual completions by members exceeding £3.5 billion, it is clear that the bridging sector continues to provide a vital role in the economy by offering customers access to the capital they need in a responsible and sustainable way.”
 
One in four staff set to receive a pay rise
Thursday, 29 March 2018
Research by recruitment specialist Robert Half UK reveals that on average, UK business leaders expect to give a pay rise to just one in four (26%) employees. One in 10 (11%) won’t be considered for an increase, while the remaining two-thirds (63%) face an uncertain future when it comes to their salary prospects.
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Half of the UK aren’t saving enough for retirement according to Resolver
Wednesday, 28 March 2018
People in the UK aren’t saving enough for retirement and are increasingly worried about having enough money when they do according to Resolver, the UK’s largest free complaint website.  
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Corlytics Launches Regulatory Taxonomy Management Solution
Monday, 26 March 2018
Corlytics has developed a solution that streamlines the process of mapping complex financial regulatory information and data to a regulated firm’s legal structure, businesses, products and control frameworks. Extracting risk intelligence directly from all regulatory notices and enforcement actions then categorising for global comparison to make the data relevant to any financial institution.   
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The Right Mortgage & Protection Network reduces professional indemnity insurance excess
Friday, 23 March 2018
As part of The Right Mortgage & Protection Networks commitment to its members, they have reviewed the excess on their current professional indemnity cover. 
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G20 misses ideal opportunity to regulate crypto markets
Friday, 23 March 2018
Jon Trinder, Product Manager at Linedata, comments on the missed opportunity for G20 ministers meeting in Brazil to regulate global crypto-currency markets: "It's disappointing that the G20 has decided not to take any action in regulating crypto markets at this time. With so many fraudulent Initial Coin Offerings (ICOs), and a high failure rate among seemingly legitimate ones, this would have been an ideal opportunity to provide some investor protection.  Furthermore, the broader DLT community would benefit from much needed regulatory certainty to help develop cross jurisdictional solutions. 
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Scope welcomes European Commission’s Action Plan on sustainable finance
Friday, 23 March 2018
The European Commission’s sustainable finance plan is a step forward, in the view of Scope Public Finance. This contribution outlines Scope’s views on the distinct nature of ESG and sovereign risk, their areas of overlap, and next research steps.  
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Motor finance market makes positive start to 2018
Wednesday, 21 March 2018
New figures released today by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer car finance market increased 7% by volume and 13% by value in January, compared with the same month in 2017.  
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Second charge mortgage new business volumes grow in January
Wednesday, 21 March 2018
Commenting on the January 2018 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:  “The second charge mortgage market reported growth in January, with new business up 8% by value and 13% by volume compared with the same period in 2017. 
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Basisbank Will Manage Risk and Accelerate Digital Transformation with FICO Technology
Wednesday, 21 March 2018
Basisbank, an online lender in Scandinavia, will control credit risk and accelerate its digital transformation using FICO decision management technology, analytic software provider FICO announced today. With FICO® Blaze Advisor® decision rules management system, Basisbank risk analysts will be able to quickly make changes to credit strategies for unsecured consumer loans and point-of-sale financing in order to increase profitability and reduce the risk of loans going unpaid. Basisbank receives more than 75 percent of its credit applications from mobile devices.
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Chip and pin cards remain consumers’ first choice for payments
Wednesday, 21 March 2018
Online research from Equifax, the consumer and business insights expert, shows that using a debit or credit card with a pin number is still the preferred method of payment for 42% of people in the UK. Contactless methods followed at 34%, with the vast majority of these respondents (31%) preferring a contactless card to using their phone or wearable technology (3%). 
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