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New appointment: Siemens Financial Services
Julian Hobbs has been appointed CEO Siemens Financial Services, Commercial Finance UK, and accordingly to the Board position of CEO of Siemens… More
Consumer new car finance volumes down by 8% in June
New figures released today by the Finance & Leasing Association (FLA) show that point of sale (POS) consumer new car finance business volumes… More
CallMiner Announces Multi-Language Support
CallMiner, the leading platform provider of award-winning speech and customer engagement analytics, announced today the company has greatly expanded… More
Xceed Group Announces Partnership with First Performance to address debit and credit card fraud
Xceed Group, an IT change consultancy, is delighted to announce its strategic partnership with First Performance Global, a leading financial… More

Commercial Credit News

New appointment: Siemens Financial Services
Julian Hobbs has been appointed CEO Siemens Financial Services, Commercial Finance UK, and accordingly to the Board position of CEO of Siemens… More

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Retail results show online food sales are eating traditional supermarkets’ lunch
July’s Office of National Statistics (ONS) retail results, released today, reveal online food spending was up nearly 14% YOY. This makes online… More
Manufacturing hits record highs in UK business confidence
Manufacturing continues as the principle driving force behind business confidence in the UK, according to the latest results (Q2 2017) from the… More
Ashley Finance bridging team lends £1.7m in record breaking month
Manchester based, SME bridging specialists, Ashley Finance saw a record breaking month in July, with payouts totalling £1,769,000. This figure… More
MarketInvoice extends invoice finance to over 400,000 additional UK businesses
Business finance company MarketInvoice has opened the doors to more than 400,000 smaller businesses accessing a whole ledger confidential invoice… More

Spring Budget 2016: Equifax comments on support for SME lending

Wednesday, 16 March 2016

Today the government announced its continued support for competition in the SME credit market. From 1 April 2016 the government will designate the Credit Reference Agencies (CRAs), including Equifax, and banks that are within scope of the SME credit data regulations. CRAs will receive SME credit information from high street banks and provide equal access to this information to all finance providers.

Nic Beishon, Head of Commercial, Equifax UK & Ireland, comments: “The sharing of SME information among financial providers is an excellent initiative to increase competition in SME lending and improve SME access to competitive financing options. We are proud to have been selected as part of the government’s plans and believe it reflects our extensive experience in data insight across businesses and consumers, and our stringent security systems and procedures. We are working closely with HM Treasury to progress the plans and are developing exciting new solutions to help financial providers get the most value for the newly available data.”

3 October - Guoman Tower Hotel, Central London

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This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas.

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