CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Equifax to support government initiative to increase competition in SME lending
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Equifax to support government initiative to increase competition in SME lending PDF Print E-mail
Friday, 01 April 2016
Today the government has designated three Credit Reference Agencies (CRAs), including Equifax, to receive SME credit information from designated banks and provide equal access to this information to all finance providers. 

Nic Beishon, Head of Commercial, Equifax UK & Ireland, comment: “SMEs are a vital part of the UK economy making up 99.9% of the five million private sector businesses in the UK. Stimulating competition in SME lending through the sharing of SME financial data is key to improving the cost and quality of services offered. Lenders will be able to make faster and more accurate lending decisions with the increased insight available, improving their service to SMEs while also improving risk management.

“Currently many SMEs automatically turn to their bank for a loan rather than shopping around. One of the key aims of the legislation is to enable the alternative lending market, for example peer to peer lenders, crowd funding platforms, and challenger banks to have improved access to SME data in order to better service this sector.

“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.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

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
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197