Survey reveals the UK’s money-laundering hotspots

If you’re a Russian kleptocrat who wants to launder money through the UK to help finance Putin’s war in Ukraine, do it in Northern Ireland. New data has...

Mercantile Trust accepts automated bridging valuations up to 75% LTV

Mercantile Trust, the specialist bridging, buy-to-let and commercial lender, has introduced Automated Valuation Models (AVMs) into its bridging loan process....

Tuscan Capital appoints Jade Lidiard as underwriter

Tuscan Capital, the short-term property finance specialist, has today announced that Jade Lidiard has joined the lender as Underwriter. Jade joins Tuscan...

FICO Achieves Top 5 Ranking in the 2023 Chartis RiskTech100® Annual Report

Global analytics software provider FICO announced it moved up a spot from sixth place to top five for the first-time in the Chartis Research RiskTech100®...

One in ten have been a victim of financial abuse: what can you do?

The police recorded 910,980 domestic abuse-related crimes in the year to March 2022 – up 7.7% in a year. 85% of domestic partner abuse is non-violent, and of...

Biggest weekend for online shopping beckons scammers

During the weekend between Black Friday and Cyber Monday, fraudsters are targeting online shoppers by offering bogus discounts and deals, spoofing websites of...

Police to text 70,000 victims in UK’s biggest anti-fraud operation – comments from expert fraud lawyer

Further to the news that the Police have begun texting 70,000 victims of a major banking scam in the UK’s biggest anti-fraud operation, Nicola McKinney,...

AYLIEN makes waves with trailblazing financial services innovation

Dublin, Ireland – AYLIEN, the award-winning news intelligence startup has today unveiled a pioneering breakthrough in financial services risk management...

Homebuyer feeding frenzy starts to slow as less homes selling within two weeks of reaching the market

Research by estate and lettings agent, Barrows and Forrester, has revealed that the frantic market conditions of the pandemic property market boom have started...

Fleet Mortgages announce rate cuts across all five- and seven-year fixes

Fleet Mortgages, the buy-to-let specialist lender, has today announced rate cuts across all five- and seven-year fixed-rate mortgages for both 65% and 75% LTV....

Black Friday weekend set to be bleaker this year amid cost-of-living storm

£8.7 billion is expected to be spent during the Black Friday weekend (Fri-Mon). That represents a 0.8% increase in sales but volumes are expected to be lower....

Mortgage approvals forecast to dip by 13% for residential property purchases

The latest mortgage market analysis by specialist property lending experts, Octane Capital, has revealed that the level of mortgage approvals seen across the...

1 in 10 Data Breaches Affect Finance Sector, ICO Data Reveals

As National Computer Security Day approaches on 30th November, latest ICO data reveals the finance, insurance and credit sector is one of the top offenders for...

EY UK Future Consumer Index: Consumers cut back spending for Christmas as cost-of-living crisis intensifies

As Black Friday approaches, the latest EY Future Consumer Index finds that nearly half of UK consumers (43%) expect to spend less over the festive season...

Creditinfo hires Sipartech veteran Bertrand de Leusse as CFO

Creditinfo Group, the credit bureau, today announced it has appointed Bertrand de Leusse as Chief Financial Officer (CFO). De Leusse joins Creditinfo to...

FLA response to FCA proposals for the credit information market

Commenting on the Financial Conduct Authority’s proposals on the operation of the credit information market, Fiona Hoyle, Director of Consumer and Mortgage...

Estate agent AML checks up by 31% already in 2022

Research by Credas Technologies, the leading identity verification checks provider, reveals that anti-money laundering registrations in the real estate sector...

Atom re-introduces competitive Prime and Near Prime mortgage products

Atom bank, the UK’s first app-based bank, is today (22 November 2022) re-introducing a suite of Near Prime and Prime mortgage products with competitive...

Scotland gets the income and expenditure treatment, powered by IE HUB

IE HUB and Money Advice Scotland have entered into an agreement to deliver a Scotland-centric version of IE HUB’s free-to-use income and expenditure tool....

Over half of Brits have been targeted by fraud

The number of people searching online for ‘Fraud prevention’ has increased 22% this month. With a 17% increase in fraudulent activity year on year,...

FICO UK Credit Card Market Report: September 2022

FICO’s latest report of UK card trends — for September 2022 — provides clear signs of consumer indebtedness as the cost of living crisis impacts...

Hunt wields the scalpel, not the axe

The Autumn Statement was a sensible and measured response to the fiscal challenges facing the country, the Centre for Policy Studies (CPS) said today. While it...

Autumn Statement: Credit sector must ensure lending takes care of vulnerable borrowers

“The Chancellor opened his Autumn Statement saying that inflation is the enemy of stability, and backed this up with a range of fiscal measures designed to...

Reaction to Autumn Budget statement from Tommaso Aquilante

“Over recent months, inflationary pressures have become widespread, pushing central banks to rise interest rates to levels unseen for more than a decade,...

Zephyr Homeloans launches new five-year fixed rate mortgage product

Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced a new five-year fixed mortgage product. The lender said it’s offering...

FSB Scotland: Inflation figures yet another body blow for small firms

Responding to the news that the rate of inflation has risen to 11.1% this month, up from 10.1% last month, the Federation of Small Businesses’ (FSB) Scotland...

Experts dub 3% interest rate “Operation Protect the Housing Market”

The Bank of England (BoE) announced on November 3rd that it is further raising the base interest rate from 2.25% to 3%. This means more bad news for mortgage...

New-build sales set to freeze but developers achieve their highest prices in the winter months

Market analysis by Unlatch, the new homes sales progression and aftercare platform for developers and housebuilders, has found that while Britain’s property...

House prices up 9.5% in a year but slowdown has started

UK average house prices increased by 9.5% over the year to September 2022. This is down from 13.1% in August 2022 and 15.2% in the year to July. UK house...

Together re-launches its two year fixed-term personal and commercial ranges

Together has today re-launched its two year fixed rate personal and commercial finance products to help more clients realise their property ambitions. The...

Inflation rockets to 11.1%

The Consumer Prices Index (CPI) rose by 11.1% in the 12 months to October 2022, up from 10.1% in September. Major contributors included food and non-alcoholic...

Comments on rise in inflation

“The spiralling cost of energy and food are the main components of the high inflation we have today. What appears to be a foregone conclusion, judging by the...

Atom bank renews contract with Phoebus Software

Atom bank and Phoebus Software Limited (PSL) have signed a new three-year contract. The digital bank, that revolutionised the mortgage market by pioneering the...

Record quarter as lender Bergen Finance gains momentum in maiden year

Secured lender Bergen Finance, which launched last December, is celebrating a record quarter on the back of a strong first half of the year – having lent...

Criminals sell cars at 99% discount

New research commissioned by Direct Line Motor Insurance reveals thieves typically secure at most five per cent of the value of a stolen car, despite the huge...

This week’s Autumn Statement: why letting the rich foot even more of the bill is a risky balancing act

The top 100 taxpayers in the UK – a minuscule proportion (0.0003%) of all taxpayers – pay a staggering £3.831 billion a year in income and capital gains...

Norton Broker Services secures fast regulated re-bridge loan with complex exit

Norton Broker Services and Spring Finance have worked together to complete a regulated re-bridge loan, moving quickly to overcome a complex exit strategy and...

A real economic conundrum for the UK – comment

Following the ONS GDP figures this morning, Richard Pike, Phoebus Software chief sales and marketing officer, says “Although on the face of it, today’s...

UK economy shrinks in third quarter – “annus horribilis begins”

UK economy shrank 0.2% in the third quarter and 0.6% in September. Bank holiday to mark the Queen’s funeral contributed to fall in economic output....

Mercantile Trust completes its first ever Northern Ireland bridging loan

Mercantile Trust, the specialist bridging, buy-to-let and commercial lender, has completed its first bridging case in Northern Ireland. The case was introduced...

Comment on economic inactivity statistics

The ONS today announced that the number of working-age adults who are out of the labour market (known as “economically inactive”) because of...

Second charge mortgage new business volumes grew by 29% in September 2022

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

Lisa Osofsky to step down as SFO director

“Under Lisa Osofsky, the SFO has had some successes, particularly regarding the agency’s use of deferred prosecution agreements as an alternative to...

OCBC Bank and NTU Singapore embark on a S$5 million research collaboration

Singapore – OCBC Bank and Nanyang Technological University Singapore (NTU Singapore) today announced that they have embarked on a S$5 million research...

TransUnion Affirms Commitment To Learning and Development With The 5% Club

TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, is proud to affirm its pledge to support...

Property market grinding to a halt as transaction levels fall by almost a quarter

The latest research by property purchasing specialist, House Buyer Bureau, has revealed that the UK property market is grinding to a halt, with the average...

Estate agency only sector to see increase in average AML fine issued

Research by Credas Technologies, the leading identity verification checks provider, reveals that the average Anti-Money Laundering (AML) fine handed to the...

Brits least likely in Europe to think about their credit score, and most likely to turn to higher cost forms of credit

Millions of people in the UK admit they never think about their credit score, despite many saying they are expecting to borrow more money from their bank or...

Cop27 climate goals won’t be met without data science and digital skills, says BCS CEO

Global leaders must put data scientists and broader digital skills at the centre of their climate change ambitions, the professional body for information...

Buy-to-lets in high demand areas cost up to 7.7% more on average – but are they worth it in the long run?

The latest market analysis by mortgage experts, Revolution Brokers, has revealed that landlords looking to reduce void periods by investing in a buy-to-let...

Stonebridge enhances Compliance Operating Model

Stonebridge, the national mortgage and insurance network, has today launched a further enhancement to its Compliance Operating Model which it says will mean...

Commercial real estate sector forecast to dip following post-pandemic boost

The latest research by Alliance Fund, the end to end real estate fund, estimates that the UK’s commercial property sector will see transaction levels dip by...

Chawatama joins Knowledge Bank

Knowledge Bank has appointed Shane Chawatama as sales director, to spearhead the fintech firm’s excitinggrowth plans. Chawatama joins the digital criteria...

The Bank of England increases interest rates to a record high

“High energy and food prices, and tight labour markets have led the Bank of England to maintain a hawkish posture, increasing rates by 0.75bps in November,...

Rates hit 3% as Bank issues recession and inflation warning

The Bank of England Monetary Policy Committee has raised rates 0.75 percentage points to 3%. It’s the biggest rise for 33 years, taking rates to their...

MPC decision – Rates increased to 3% but rate of future rises may be slower

0.75% increase, taking rates to 3%, biggest single increase since 1989. Inflation is expected to remain at around 11% in Q4, slightly lower than previously...

OECD inflation rises to 10.5% in September 2022, with inflation pressures broadening beyond food and energy in most countries

Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) rose to 10.5% in September 2022, from 10.3% in August. Double-digit inflation...

BoE base rate: comments on impact to lower and middle income households

“In the face of double-digit inflation, a looming recession, and interest rates at a 40-year high, today people are facing a nail-biting wait to find out...

IQ-EQ employs leading AI compliance capabilities with Napier

Napier, provider of leading anti-financial crime compliance solutions, announced that investor services group IQ-EQ is upgrading its screening capabilities to...

The Rishi Effect Yet to Reassure Britons, With 80% of UK Adults Still Lacking Financial Confidence, After New PM’s First Week

As Rishi Sunak completes his first seven days in office, new research has revealed that only one-in-five British people feel more confident about their...

Property market embraces Open Banking

With 60% of UK consumers now aware of the benefits of Open Banking, it continues to advance the way we share sensitive financial information in a safe and...

Hanley Economic BS launches trio of five-year fixes

Hanley Economic Building Society has launched a trio of five-year fixed rate products up to 95% LTV. The first of these is a five-year fixed rate product with...

Money Mule And Crypto Schemes Now Top Money Laundering Threats, According to New Research from Feedzai

San Mateo, Calif., London, United Kingdom and Lisbon, Portugal – Money mule schemes, multi-customer cross-wallet activity and the use of crypto exchanges are...

House prices fall in October: the market is either braking or breaking

House prices are up 7.2% in the year to October – down from 9.5% in September. Prices fell 0.9% in a month – the first monthly fall since July last year...

Central Trust and Mercantile Trust revise lending criteria

Central Trust and Mercantile Trust, the intermediary lending brands of the Norfolk Capital Group of Companies, have announced changes to their lending...

Mini-budget crushes mortgage demand: Bank of England

Mortgage approvals for new purchases dropped significantly to 66,800 – from 74,400 in August. The effective interest rate on mortgages rose 29 basis...

A proactive approach now is vital – comment on the BoE money and credit figures for September

Following the BoE figures this morning, Richard Pike, Phoebus Software chief sales and marketing officer, says “This is the first sign that housing is being...

BoE Money and Credit comment

Commenting on the Bank of England Money and Credit data https://www.bankofengland.co.uk/statistics/money-and-credit/2022/september-2022, Simon Webb, managing...

Expert commentary on BoE Money and Credit announcement – October 2022

“In the face of double-digit inflation, a looming recession, and the biggest interest rate rise for 33 years, today people are facing a nail-biting wait to...

Demand for financial tools to tackle cost of living skyrockets — but Brits still unaware of open banking

The overwhelming majority of UK consumers and businesses have turned to financial tools and applications to cope with the cost-of-living crisis, according to...

Advance Fee Fraud Sees Tenfold Increase as Scams Get More Sophisticated

“The latest quarterly figures from the Office for National Statistics show that fraud, overall, returned to pre-pandemic levels at the end of June 2022....

Sekura and Provenir Partner to Fortify Fraud Protection for the Financial Services Industry via Mobile Intelligence

Parsippany, NJ — Provenir, a global leader in AI-powered risk decisioning software, today announced it has entered into a global partnership with Sekura...

Napier introduces advanced financial crime risk management platform, Napier Continuum

Napier, provider of leading anti-money laundering and compliance technology, today launched a new advanced financial crime risk management platform that offers...

Public are warned to stay alert to fraud as the majority of people look for opportunities to make money as a result of the rise in the cost of living

UK Finance’s Take Five to Stop Fraud campaign is warning people to be alert to potential fraud, as more than half of the public (56 per cent) said that they...

A global recession is coming in 2023: deVere CEO

A global recession is coming in 2023 and you should act now to protect your investments, warns the CEO of one of the world’s largest independent financial...

Utimaco shines a light on automotive security this Cybersecurity Awareness Month

Aachen, Germany – Utimaco, a leading global provider of IT security solutions, is placing a strategic focus on cybersecurity in the automotive industry,...

Budget range inflation hits 17%: unreliable prices hit families

The prices of supermarket budget ranges are up 17% in the year to September – slightly more than the 15% rise in the official price of food. This is a huge...

Struggling to keep the lights on: ONS impact of cost-of-living crisis

The ONS measured whether people were struggling with energy bills, rent or mortgage – and whether they were behind with payments. 45% of us found it...

Lack of trust in tech leaves firms open to money laundering

A “worrying” mistrust in technology is making some regulated firms vulnerable to financial crime, an anti-money laundering expert has warned. Multi-sector...

Credit Suisse fined €238 million by France for breaking money laundering laws – comment

Credit Suisse has agreed to pay France €238 million to settle claims that the bank broke laws on money laundering by luring clients to Switzerland. Richard...

Rishi Sunak’s relief rally won’t last

The UK’s new Prime Minister Rishi Sunak will enjoy a honeymoon period and a relief rally in the markets, but it won’t last very long, warns the CEO of one...

Landbay launches five-year fixed rate products with variable fees

Landbay has launched a range of five-year fixed rate buy-to-let products with variable fee options which will help cater for challenging rental calculations....

Will SDLT changes survive the next fiscal update? – comment

“Once again the housing market defies expectations, even in this volatile economic environment the non-seasonally adjusted figures remain the same as in...

HMRC property transaction data comment from LiveMore

Following the latest release of the HMRC monthly property transaction...

Just Mortgages comment on this morning’s HMRC Housing Transaction stats

“It’s important to recognise that a year-on-year comparison is still something of an anomaly due to the stamp duty holidays creating transaction peaks so...

TransUnion Launches New Eligibility for Retail Ecommerce Solution

TransUnion, a global information and insights company, has unveiled its new Eligibility for Retail Ecommerce solution that offers retailers a view on customer...

Liz Truss resigns – statement from Simon Webb at LiveMore Capital

“The resignation of Liz Truss throws the country into further turmoil just as the markets were starting to settle down.  The term “we need a grown up in...

Creditinfo launches ESG data platform

Reykjavík / London – Creditinfo Group, the leading global service provider for credit information and risk management solutions, has today announced the...

Regulated firms are learning the compliance lesson

The new round of fines dished out to 68 estate agents by HMRC for breaches of anti-money laundering rules might make it appear that many regulated firms are...

Rental yields steady but landlords likely to ‘bide time’ on purchasing – Fleet Mortgages Q3 Rental Barometer

Fleet Mortgages, the buy-to-let specialist lender, has today released the latest iteration of its Buy-to-Let Rental Barometer covering Q3 2022 rental yields...

Inflation gorges on grocery price hikes, and eats savings alive – but there’s hope

CPI inflation rose back into double figures again in September – 10.1%. This month’s inflation tends to be the basis of rises in benefits – as well as...

Inflation comment from LiveMore

“The slight drop in inflation last month has been reversed with September’s double digit print and inflation remaining at a 40-year high. “One of the...

Experian and NewDay partner

Experian Boost data will now be included in NewDay’s credit card decisioning process – enabling Boost users to receive more competitive rates at a time...

Credit myths: 79% of Brits admit to falling victim to financial fiction

With more Brits enquiring about applying for credit1 over the past 12 months, a new study by car finance experts, Zuto aims to debunk some of the most common...

Sidetrade takes home two industry awards

Global AI-powered Order-to-Cash platform, Sidetrade, has taken home two industry-leading awards in recent weeks at the Irish Credit Team Awards and the Cloud...

Will markets steady enough for lenders to reprice and reintroduce? – Jeremy Hunt’s statement – comment

“Jeremy Hunt’s speech is a huge U-turn for the government and basically puts us back to the position we were in before the mini budget. It is positive that...

Expert comment: Chancellor’s focus on reducing the debt to GDP ratio should aid pound’s recovery

“The Chancellor’s announcement this morning is a boost for the pound’s recovery, which is largely down to the Government’s proposed...

Firms turn to tech and data to solve Consumer Duty woes as 38% admit limited knowledge of new legislation

Firms are overwhelmingly turning to technology in order to surface data and insights that solve the challenge set by the FCA’s new Consumer Duty according to...

Criteria index reveals changing borrower circumstances

As the UK mortgage sector struggles with the uncertainty of future rate rises, tax changes and the cost-of-living crisis, broker’s criteria searches reveal a...

Digitalisation and Artificial Intelligence: 5 Keys to Success

Machine learning, language processing, robotics – the artificial intelligence toolbox offers a range of smart instruments that enable machines to act...

Estate agents buckle under compliance pressure – comments on AML fines for agents

Following the news that HMRC has fined 68 estate agents more than £500,000 for AML breaches, Martin Cheek, managing director of SmartSearch said: “Once...

UK Finance calls for urgent action from all sectors as fraud continues to threaten the UK

UK Finance today releases its latest fraud report covering the first half of 2022. This report shows that while the end of the pandemic has seen a fall in...

UK Finance warns consumers to be cautious of fraudulent investment opportunities

As the rising cost of living becomes a concern in many households, UK Finance’s Take Five to Stop Fraud campaign is today warning consumers to watch out for...

Shocking report reveals huge money-laundering loophole

An anti-money laundering expert is backing calls for reform of the UK’s company registration system after a shocking report this week revealed that thousands...

BuildLoan increases its range of exclusive self and custom-build products

Specialist self and custom-build mortgage distributor BuildLoan today announces a new range of products funded by Hinckley & Rugby Building Society. The...

Countrywide Surveying Services renews Lead Valuer and Panel Manager agreement with Leeds BS

Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced the renewal of its partnership with...

Finance Industry Experts Explore Next-Gen Lending and Credit Inclusion at TransUnion Summit

Global information and insights company TransUnion recently hosted its UK Summit, bringing together leading names from banking, fintech and more, to discuss...

Homebuyer and sellers undeterred by current market uncertainty

The latest gauge of property market sentiment by London lettings and estate agent, Benham and Reeves, has found that despite the turbulence of the last few...

Jaywing grows consulting team with Dr Steve Finlay, credit risk and machine learning expert

Risk and Data Consultancy, Jaywing, has appointed credit risk and machine learning expert, Doctor Steve Finlay, as lead consultant to strengthen the...

Fluro secures £200m to fund new lending

Fluro, the UK consumer lender previously known as Lending Works, today announced a landmark £200 million financing partnership with BNP Paribas. Established...

Fleet Mortgages relaunch five- and seven-year fixes, new Trackers plus new Green Mortgage options

Fleet Mortgages, the buy-to-let specialist lender, has today announced the relaunch of its five- and seven-year fixes, plus new Trackers and Green Mortgage...

SmartSearch announces appointment of new VP of enterprise sales

SmartSearch, the leading UK provider of anti-money laundering (AML) software has appointed Zowie Lees-Howell as their new vice president of enterprise sales....

How to support vulnerable customers this winter + H&T Pawnbrokers case study

MaxContact has revealed the challenges faced by vulnerable customers seeking support from customer service teams. According to the Financial Conduct Authority...

Halifax HPI: Prices fall even before September’s chaos

In September, house prices were up 9.9% in  year. It’s the first time that annual rises have been in single digits since January. Prices were down 0.1% in a...

Napier AI appoints industry leader as global head of corporate development

Napier, a global end-to-end intelligent compliance platform and provider of advanced financial crime risk management solutions, has announced the appointment...

Norton Home Loans recruits roving Underwriter

Norton Home Loans has recruited Mandy Westby to become a roving Underwriter, working with brokers to help identify solutions for their hard to place cases....

Scottish Building Society adopts ADP

LendingMetrics, the company behind the intelligent decisioning platform ADP is delighted to announce that it has been appointed by Scottish Building Society to...

Homebuyer demand levels drop in Q3

The latest Homebuyer Hotspots Demand Index by estate agent comparison site, GetAgent.co.uk, has revealed that buyer demand levels were on the decline in the...

Stronger protection for victims of APP Fraud

It has been reported that banks and building societies will have stronger incentives to prevent scams happening in the first place, as well as having to...

Mortgages bounce back: Bank of England

Mortgage approvals for new purchases rebounded to 74,300 – up from 63,700 in July. It reverses a downward trend we’ve seen for several months. The...

Expert commentary on BoE Money and Credit announcement

“The aftershocks from last week’s fiscal policy reforms continue to reverberate across the country. A pound in disarray, followed by strong rhetoric from...

Fintech Paylink Solutions launches new website to coincide with release of next generation Embark affordability software

It’s an exciting time for fintech Paylink Solutions, who has recently launched not only the next generation of its market-proven affordability software, but...

Foundation Home Loans launches new buy-to-let range including improved two-year discounts

Foundation Home Loans, the intermediary-only specialist lender, has today announced a new range of buy-to-let mortgages. The lender has reduced its F1 75%...

Knowledge Bank introduces daily updates and live product banners to help brokers navigate current mortgage turmoil

The UK’s largest criteria search system, Knowledge Bank is once again stepping in to help brokers navigate the rapidly changing mortgage market as it...

Redwood Bank launches fixed rate mortgages

A specialist business bank has launched its first fixed rate mortgages to support its business customers through the current challenging economic conditions....

Call for urgent Universal Credit reform as one in five reliant on savings to pay bills

Urgent reform of Universal Credit (UC) is needed to provide support to vulnerable households, according to responsible lender  Creditspring, as nearly a third...

Judging Panel of International Industry Experts Announced For 2023 FICO Decisions Awards

FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards, which honor businesses achieving outstanding results using analytics...

PSR sets out proposals to give greater protection against APP scams

On 29 September, the PSR published its latest consultation that will usher in greater protections from Authorised Push Payment (APP) scam losses and will see...

Allica Bank breaks into profitability

SME fintech lender Allica has reached profitability in close to record time according to CEO Richard Davies, who has announced the bank has been profitable on...

Equifax names new UK Chief Commercial Officer

Equifax, leading global data, analytics, and technology company, is today announcing the appointment of David Wilson, as Chief Commercial Officer of Equifax...

Experian Fraud Score aims to boost fraud prevention in the UK

Experian has announced the launch of Experian Fraud Score, a next generation fraud prevention solution which will help businesses of all shapes and sizes to...

Physical ID is stopping us from ditching our wallets for good

A third of shoppers (33%) would be flattered if asked for ID when purchasing age-restricted products, a new study has found. A poll of 2,007 adults showed that...

Channel adopts AI driven SME risk decisioning

Channel Digital Holdings (Channel) has announced a global strategic partnership with AdviceRobo to accelerate the use of Artificial Intelligence (AI) within...

Foundation Home Loans reappraises residential mortgage credit tiers

Foundation Home Loans, the intermediary-only specialist lender, has today announced the reappraisal of its residential mortgage credit tiers, including the...

Feedzai named in IDC MarketScape for Responsible Artificial Intelligence in financial crime management

Lisbon, Portugal & London, UK – Feedzai, the world’s first RiskOps platform for financial risk management, announced that it has been named as a leader...

Feedzai Appoints David Henshall to its Board of Directors

San Mateo, Calif. & Lisbon, Portugal – Feedzai, the world’s first RiskOps platform for financial risk management, today announced the appointment of...

Redwood Bank continues relationship with Jaywing through the uptake of Echelon

Established Jaywing client and specialist lender, Redwood Bank, will use Echelon, Jaywing’s SAAS risk technology framework, to process credit...

IE Hub Joins Forces with StepChange and C&R Software to Support Consumers in Financial Hardship

A transformational new partnership between industry leaders will deliver an innovative and low-friction approach to empowering consumers in problem debt....

Budget response: more needs to be done as demand for credit is up

“We’ve seen considerable growth in demand for credit over the last year, with card enquiries up 48% from August 2021 to August 2022, which indicates...

Monevo Launches Credit Cards on UK Platform, Powered by TransUnion

Monevo has announced the launch of credit card products on its UK platform, to help improve access to credit for UK consumers. The leading personal credit...

CPS welcomes Government’s plan for growth

The Centre for Policy Studies (CPS) has welcomed the Government’s new growth plan, announced to Parliament this morning. While acknowledging the daunting...

A focus on vulnerability: comment on Bank of England interest rate decision

Following the Bank of England’s decision to raise interest rates for the seventh successive time from 1.75% to 2.25%. Andrew Gething, managing director of...

Bank of England caught between a rock and a hard place

Bank of England tightens monetary screws, increasing the base rate by 0.5 percentage points. Rates now the highest since December 2008. The committee voted 5-4...

One thing the Chancellor can’t fix – Comment on the MPC interest rate decision

“This was probably the worst kept secret this week, that and the expected cut to stamp duty tomorrow.  While we were expecting it this rise, although not...

Regulated firms giving a “green light” to Russians

Almost one in five (17 per cent) regulated firms admit to not checking new customers against sanctions or Politically Exposed Person (PEP) lists, a new survey...

Financial compliance platform Napier announces new CEO

Napier, a global end-to-end intelligent compliance platform and provider of advanced financial crime risk management solutions, has announced that its current...

Hope Capital launches new collection and introduces reduced fixed rates

Specialist short-term lender, Hope Capital, has taken on board the feedback received from brokers and borrowers and streamlined its overall proposition to...

SmartSearch comments on arrest of Europe’s biggest money launderer

As Europol announce the arrest of one of Europe’s biggest money launderers, we have a comment from Martin Cheek, managing director of SmartSearch, a leading...

How a Mini-Budget could boost financial resilience – and how it risks leaving us worse off

The Mini-Budget is expected on Friday 23 September. Sarah Coles, senior personal finance analyst, Hargreaves Lansdown said: “We’ll see a major change of...

Saudi Credit Bureau (SIMAH) Enables Millions More Consumers to Access Bank Loans After Introducing FICO Score

The Saudi Credit Bureau (SIMAH), a leader in credit bureau information management in the Middle East and North Africa (MENA), has administered the successful...

Regulated firms waste hours on manual identity checks

Regulated firms using manual methods of verification to onboard new individual customers are wasting hours of business time in the process, new data shows. And...

Banking and Insurance Ratings Added to Fossil Free Funds

Berkeley, CA – As You Sow today released new Fossil Free Finance and Insurance ratings that score mutual funds and ETFs based on their investments in...

3x Y-o-Y increase in ARR, new Credit Analysis™ features, and AI-powered bank statement automation enables businesses to approve more customers

San Fransisco – Inscribe, the award-winning fraud detection and document automation platform, today announced that it has released new features to help...

DDoS attacks on financial sector surge during war in Ukraine, new FCA data reveals

Picus Security, the pioneer of Breach and Attack Simulation (BAS) technology, today released cyber incident data obtained from the UK’s Financial Conduct...

Petrol price drop puts the brakes on runaway inflation

CPI inflation fell to 9.9% in August – down from 10.1% in July. Petrol price drop applies the brakes on accelerating inflation. Groceries still feeding...

Comment: ONS inflation rate

Following the latest ONS data on the rate of inflation, Personal Finance Expert, Laura Howard of Forbes Advisor, says: “The annual rate of inflation may have...

No time for celebration despite unexpected ease in inflation

Annualised inflation (as measured by CPI) slowed marginally in August to 9.9%, down from 10.1% in July. That reflects a moderation in the price of motor fuels,...

Inflation comment from LiveMore

“Rather unexpectedly, CPI inflation fell by 0.2% in August, down to 9.9%. Now that the energy price cap has been reduced by the new government to £2,500...

PKO Bank Polski Embraces Technology-First Branch Transformation with Diebold Nixdorf

Warsaw, Poland and Hudson, Ohio – PKO Bank Polski has partnered with Diebold Nixdorf (NYSE: DBD), a world leader in automating, digitizing and...

Fleet Mortgages launch new Green mortgages and reintroduce 65% LTV range

Fleet Mortgages, the buy-to-let specialist lender, has today (13th September 2022) announced the launch of new buy-to-let Green Mortgages and the...

Zephyr Homeloans funds £13m landlord refinance involving 58 properties

Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced it has funded a £13m portfolio landlord refinance – one of the largest to...

Shaping the BoE’s interest rate decisions – comment

Following the GDP announcement this morning, Richard Pike, chief sales and marketing officer at Phoebus Software says “We have seen a 0.2% uplift in GDP in...

European Financial Institutions Face ‘Frightening’ Open Banking Risks, Konsentus Warns

Konsentus, a leading global SaaS company enabling safe and secure data exchange, has issued an urgent warning about the serious risks facing European financial...

Jaywing partners with world leader in economic forecasting, Oxford Economics

Risk and data science consultancy, Jaywing, has launched a new collaboration with leading global advisory firm, Oxford Economics. The partnership aims to...

Burges Salmon appoints new senior technology and data specialist

Burges Salmon is pleased to announce the appointment of Martin Cuell as a Consultant in its Technology practice. Prior to this, Martin led the Technology...

Home improvements and debt consolidation drop as the reasons for taking out a RIO mortgage in 2022

New data from specialist lender Hodge has discovered the reasons its customers take out a RIO mortgage have changed significantly in the past 12 months. When...

Why has bridging loan borrowing increased by 22% in the past year?

Market analysis by mortgage broker, Henry Dannell, reveals that the total value of bridging loan lending in the UK has increased by 22% in the past year alone,...

UK Leads Europe in Card Fraud Loss Reduction with £49 Million Drop in 2021

The 2021 European Fraud Map produced by global analytics firm FICO, with data from Euromonitor International and UK Finance, shows the United Kingdom and the...

Foundation Home Loans launches Special Edition Green BTL two-year discounts

Foundation Home Loans, the intermediary-only specialist lender, has today extended its ABC+ Green mortgage range with the addition of a set of Special Edition...

Regulated firms running gauntlet with hard copy identification

Almost two thirds of regulated firms believe hard copy documents provide reassurance a customer is genuine, latest anti-money laundering data has revealed....

MotoNovo Hit an All Time High in Motorcycle Financing

While the broader market for new motorcycles, excluding mopeds, fell by 11.9%, MotoNovo Finance delivered a record month of lending for motorcycles. It has...

Access FS launches its latest academy to bring mortgage brokers into the industry

Mortgage and protection broker, Access Financial Services (Access FS), is launching its next academy on the 12th September. Access FS is increasing the number...

Overcoming the Risk of Relying on Email for Law Firms

Reliance on email is a standard business practice in order to effectively communicate both internally and externally. This has proven to be of utmost...

Comment on HMRC property transactions

Following the latest release of the HMRC monthly property transaction figures, Karl Wilkinson, CEO of Access FS said: “Whilst the year-on-year numbers may be...

Common sense must prevail – comment on the HMRC property transactions

Following the property transaction figures from HMRC today, Richard Pike, chief sales and marketing officer at Phoebus Software, says “Looking at the...

Regulated firms planning a big technology switch

More than 80 per cent of regulated firms in the legal, property and finance and banking sectors are considering a switch to electronic verification of their...

Key and MorganAsh collaborate to lead the Later Life Lending sector on vulnerability

Key has agreed to work collaboratively with MorganAsh on a pilot scheme to use its new adviser tool to support later life lending advisers in identifying,...

Funding Xchange warns Lenders that returning to their Pre-Crisis Lending Assessments will leave them Exposed

In the latest quarterly FXE Lending Monitor, Funding Xchange, the leading provider of digital SME lending solutions, identifies the risk of returning to...

Retail sales up 0.3% in July

Retail sales up 0.3% in July,  following a fall of 0.2% in June. In the three months to July, sales volumes fell by 1.2% when compared with the previous three...

UK Fraudsters Focusing on Financial Services and Insurance Industries

Quarterly fraud analysis from global information and insights provider TransUnion found that the rate of suspected digital fraud attempts coming from the UK...

Latest UK Finance Figures Point To Rising Credit Card Spend

“The latest figures from UK Finance illustrate the impact the cost of living crisis is having on UK consumers, with credit card spend up 33.1% and...

Industry reaction from Dun & Bradstreet on UK inflation hitting 10.1%

Following today’s news that inflation passed 10% and hit a new 40-year high last month, Tommaso Aquilante, Associate Director of Economic Research at Dun...

Confidence falls significantly as costs rise and inflation bites

The Savanta Business Confidence Index saw a significant decline this quarter from 49 in Q1 2022 to 41 in Q2 2022 due to several issues: supply chain...

First-time buyer deposit climbs 41% in the last decade

The latest market analysis by estate and lettings agent, Barrows and Forrester, has revealed that even after adjusting for inflation, the average British...

JBR Capital hails record month, loaning £27 million in July to fellow automotive enthusiasts

Leading automotive finance provider, JBR Capital, continues to accelerate throughout 2022 as the company marks a record month-long period since its...

Mortgage transactions fall 33% since first interest rates hike in December of last year

Industry analysis by specialist property lending experts, Octane Capital, has revealed that since the Bank of England began to increase interest rates in...

Home sellers sitting tight as stock levels drop -12.5% so far in 2022

The latest data release by estate agent comparison site, GetAgent.co.uk, has revealed which postcodes are currently ranking as the nation’s home selling...

Wage woes today and joyless jobs market tomorrow

After inflation, real pay (including bonuses) fell by 2.5% and regular pay, excluding bonuses, was down 3%. It’s another record drop in real regular pay....

Mortgage transactions to fall by -6% as interest rate hikes put strangle hold on borrowing

Market analysis by mortgage broker, Henry Dannell, reveals that mortgage activity is forecast to fall by -6% in 2022 as the market feels the brunt of interest...

Trustfolio partners with Equifax to offer debt advisers instant access to bank transaction data

Trustfolio Ltd, the ‘debt-tech’ collective behind the Debt Adviser Support Portal and other digital tools for creditors and third parties designed to...

Feedzai together with Lloyds Banking Group recognized as a Aite-Novarica Group 2022 Fraud Impact Award Winner

San Mateo, Calif. & Lisbon, Portugal – Feedzai, the world’s first RiskOps platform for financial risk management has been named Best Transaction Fraud...

Recognise Bank agrees £2.6m Buy-to-Let deal

Recognise Bank has agreed a £2.6 million refinance package for Caldew Court, a 35-unit mixed residential development in Carlisle, consisting of 15 two-storey...

Proactive behaviour will certainly give early sight of potential problem cases – comment

“Today’s GDP figures really do highlight the volatility of the economy and create many questions. A reduction on the previous three months isn’t a huge...

Broad based weakness sees the UK economy grind to a halt in Q2 2022

GDP fell by 0.1% for three months ending 30 June 2022. Follows growth of 0.8% in Q1 2022. UK GDP is now 0.6% above its pre-coronavirus level in Q4 2019....

How Financial Organisations can Stay Protected from Financial Data Breaches

Email is a crucial function of business communication, which many organisations strongly rely upon. But as the pandemic brought a new world of remote and...

New home completions reach pre-pandemic levels

Housebuilders completed 40,289 new homes in the second quarter of 2022 – a 16 per cent year-on-year increase, according to the National House Building...

New inflation research – comment

“A stronger US dollar will not be enough to rein in inflation in the US. Policies to liberalise trade and thus lower the cost of trade have been considered...

The Right Mortgage & Protection Network relaunch their ASU product

The Right Mortgage & Protection Network have recently relaunched their new look ASU proposition following the pandemic. As part of this proposition, they...

The Holy Grail for Lending

Ask any mortgage or credit provider to name their top ten customer origination challenges and you’ll find these answers featuring prominently: Conversion...

Data breaches costing UK £4bn per year – driven by increase in identity fraud

Credas Technologies has revealed that identity theft is the driving factor behind more than 28 million data breaches across the UK since 2013, breaches that...

Partnership will protect boat sales from money launderers

Boat sales in the UK will be protected from money-laundering criminals after a major technology deal has been secured for brokers and agents. The Association...

Credit card rates hit highest level since 1998

With credit card borrowing growing at its fastest pace since 2005, analysis from Freedom Finance, one of the UK’s leading digital lending marketplaces, finds...

Later-life borrowers are getting younger – average age of Hodge 50+ mortgage customer drops significantly in past five years

New data from specialist lender Hodge has found the average age of its 50+ mortgage customer has dropped by eight years since 2017. Analysing data from the...

Industry reaction on UK falling into recession

As the Bank of England has hiked interest rates to 1.75%, the most in 27 years and warns that the UK will enter recession this year, Tommaso Aquilante,...

New BoE paper on operational resilience of critical third parties vital to prevent growing cyber risks – comment

With the Bank of England (BoE) publishing its discussion paper on regulatory standards foroperational resilience of critical third parties, David Feltes,...

Second charge mortgage new business volumes grew by 24% in June 2022

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

Acquis Equipment Leasing Index: UK companies hold steady despite economic onslaught

In a harsh economic environment, UK businesses are on aggregate holding firm on last year’s position and signing a comparable number of new deals to lease...

Foundation Home Loans launches buy-to-let ‘Summer Special’

Foundation Home Loans, the intermediary-only specialist lender, has today (Thursday 4 August) announced the launch of a ‘Summer Special’ which sees a 40bps...

SmartSearch technology keeps crypto car sales safe

Europe’s biggest cryptocurrency automotive marketplace has combined with the UK’s leading anti-money laundering (AML) software provider to offer the...

Hampshire Trust Bank increases maximum loan size across Specialist Buy to Let ranges

Hampshire Trust Bank (HTB) has enhanced its specialist buy-to-let offering, which includes Limited Company, HMOs and Semi-Commercial, by increasing its maximum...

Dean Clark joins the Right Mortgage and Protection

The Right Mortgage and Protection Network continue their strong recruitment plans following a sustained period of growth. Dean joins the Network’s compliance...

eConveyancer strengthens partnership with L&C

eConveyancer has strengthened its partnership with L&C Mortgages, launching a new software integration with the firm, using the award-winning platform to...

Experian partners with DQ Global to help tackle the rise of UK financial crime

A desire to reduce the risk of financial crime (FinCrime) is behind an exciting new partnership between Experian and, leading CRM data quality experts, DQ...

Armis joins UK Finance to bolster financial sector cyber resilience

Armis, the leading unified asset intelligence platform, today announced it has joined the premier industry body for financial services in the UK, UK Finance,...

Bank of England June Net Lending Commen

Following the announcement from the Bank of England on 29th July 2022 that net mortgage lending fell to £5.3bn in June from £8bn in May. John Phillips,...

Comment on the Bank of England money and credit results for June

“The drop in mortgage borrowing by some £2.7 billion heralds the move towards the slower time for house purchases during the summer months. “However,...

Rising house prices and thinly stretched finances – comment

Following the figures from the BoE this morning, Richard Pike, Phoebus Software sales and marketing director, says “There is no doubt that things are getting...

UK average rents increased more than 8% over last year

UK rents rose by 2.47% (£849 to £870) during Q2 2022, the largest quarterly increase during the fifteen years that The Deposit Protection Service (The DPS)...

Half of UK Consumers Reduce Discretionary Spending Amidst Cost of Living Pressures, Although Financial Resilience Remains Strong

Half of UK consumers have cut back spending to cope with the cost of living crisis, although financial resilience appears robust, according to figures revealed...

Foundation Home Loans launch new Limited Edition residential fee assisted products

Foundation Home Loans, the intermediary-only specialist lender, has today launched two new fee assisted Limited Edition residential products. Available as part...

UK inflation 68% higher than official numbers

Truflation, a FinTech delivering accurate, real-time inflation figures, has launched its UK index showing CPIH inflation running at 13.8%. This is 68.3% higher...

Loughborough Building Society launches First Homes Mortgage

Loughborough Building Society has launched a mortgage to support homebuyers using the Government’s First Homes Scheme. The scheme is designed to make it...

Central Trust launches fmily let and let-to-buy product ranges

Central Trust, the first and second charge mortgage lender, has today (27 July 2022) launched a Family Let and Let to Buy range. The family let range will be...

How Enterprises are Prioritising Digital Resiliency

Today’s enterprises have faced a higher pace of change over the last few years, as existing digital transformation strategies were catalysed by the...

Backing British business pays as Redwood Bank announces first profit

An award-winning bank has reaped the rewards of continuing to lend to British businesses throughout the pandemic by reporting its first profit. When other...

Finance and banking firms failing to detect criminal “ghosts”

Almost half (45 per cent) of finance and banking firms are failing to carry out crucial “ghost-buster” checks on new business clients, newly released data...

Latest ONS Figures Points to Rising Digital Fraud

“The latest figures from the Office for National Statistics confirm that fraud levels remain persistently high. The data shows a 25% increase compared with...

Today’s ONS retail sales figures for June – comment

“Despite the long Jubilee bank holiday weekend at the start of June, today’s ONS retail sales data shows that consumers are feeling the pinch from the...

Bloomberg Enhances Communications Compliance with Insightful Technology’s Soteria Capture and Surveillance Suite

NEW YORK – Bloomberg today announced a strategic investment in, and a commercial collaboration with, London-based Insightful Technology, the owners and...

Tuscan Capital enhances fast track bridge process with introduction of free AVMS

Tuscan Capital, the short-term property finance specialist, has announced the addition of a free AVM option to its new Fast Track process, aimed at saving...

Foundation Home Loans welcomes applications with new buy-to-let limited edition product

Foundation Home Loans, the intermediary-only specialist lender, has today launched a new buy-to-let limited edition product. Available as part of its F1...

FICO and Israel’s Open-Finance.ai Partner to Transform Decision-Making Speed and Precision in Credit and Insurance

Global analytics software provider FICO announced today a partnership agreement with Israel’s Open-Finance.ai, a risk, finance and compliance software...

Over Half of European Businesses Believe Data Will Become More Important Than Business Relationships, Study Finds

In the wake of the pandemic, which disrupted and digitised business operations like never before, ways of working have changed dramatically. Research...

Landbay launches 10-year fixed rate mortgage

Landbay is extending its buy-to-let range for intermediaries and their landlord clients with the launch of its first 10-year fixed rate mortgage range. To...

Over two thirds of property professionals remain confident about their business over the next 12 months

A webinar poll undertaken by Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, found that over two...

Al Rajhi Bank Malaysia partners with Feedzai to provide avant-garde security for its digital bank

Feedzai, the world’s first RiskOps platform for financial risk management, and Al Rajhi Bank Malaysia (ARBM) have announced a partnership which will see...

TransUnion Appoints Dominic Goslett as Chief Revenue Officer in the UK

TransUnion, a global information and insights provider, has appointed Dominic Goslett as chief revenue officer in the UK, where he will be leading the...

Cost of borrowing jumps again for major consumer credit products – latest Bank of England data

The latest Bank of England household interest rate figures reveal the cost of borrowing continued to increase in June across consumer credit products following...

FICO and Network International Build on Partnership to Help Middle East and Africa Lenders Expand Digital Economy

Global analytics software provider FICO and Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), announced...

Landbay and Phoenix Group announce new funding partnership

Specialist buy-to-let lender, Landbay, and the UK’s largest long-term savings and retirement business, Phoenix Group, have formed a strategic partnership to...

Debt demand booms but banks tighten purse strings: Bank of England

Demand for lending on credit cards and loans rose between April and June, and demand for cards is expected to do so again through the summer, as rising prices...

Fleet Mortgages’ Q2 Rental Barometer reveals steady yields across England & Wales

Fleet Mortgages, the buy-to-let specialist lender, has today released the latest iteration of its Buy-to-Let Rental Barometer covering Q2 2022 rental yields...

OMS integrates with Click2Check

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has integrated with Click2Check’s online solution...

Recognise Bank implements RiskNarrative to Transform Customer Onboarding

Recognise Bank, the fintech powered business lender and savings provider, has partnered with TruNarrative, a LexisNexis® Risk Solutions company, to completely...

FICO UK Credit Card Market Report May 2022

FICO’s report of May 2022 UK card trends suggests that whilst cost-of-living pressures are definitely starting to have an impact, cardholders are also taking...

MorganAsh announces new partnership with Infinian

MorganAsh, the specialist data supplier allowing firms in the financial services sector to manage consumer vulnerability and meet regulatory requirements,...

Gap between the average cost of a first home and first-time buyer borrowing eligibility means market is unaffordable for majority of Brits

Research by Stipendium, the platform that simplifies life’s complex events, has revealed the tough task facing the nation’s first-time buyers, when it...

Second charge mortgage new business volumes grew by 43% in May 2022

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

Renewables lender Propensio Finance Secures £50m of new funding

High street bank NatWest has led a substantial debt funding round into Propensio Finance, adding significant firepower to the company’s mission of providing...

Credit Building Score Mastercard® by DND Finance the First Shariah-certified Credit Card in the UK

DND Finance is proud to announce that the Score Mastercard®, the only secured credit card available in the UK, is also the only Shariah-certified credit card...

Hodge announces residential mortgage re-entry

Hodge has re-entered the residential mortgage market for its 50+, RIO and holiday let mortgages, after a short break from new business. Having experienced...

Has Confirmation of Payee Reduced APP Fraud?

Originally announced in October 2018 but not made mandatory at major banking groups until June 2020, Confirmation of Payee (CoP) took a considerable amount of...

No wonder that kleptocrats continue to wash dirty money in the UK – Comment on the Foreign Affairs Select Committee’s ‘damning report’

Following the news today of the Foreign Affairs Select Committee’s damning report on the UK’s continuing failure to tackle Russian kleptocrats laundering...

CHL Mortgages launches Buy-To-Let refurbishment range

CHL Mortgages has introduced a buy-to-let refurbishment product range which is designed to help landlords improve the energy rating of their rental stock...

Money-laundering loopholes missed by property firms

Up to 70 per cent of property firms surveyed for an anti-money laundering campaign have not changed their approach to onboarding new customers since sanctions...

MotoNovo Increases Vehicle Finance Lending for SMEs

MotoNovo’s growth in lending to SMEs is in stark contrast to the broader picture reported by the Federation of Small Business (FSB), which has said recently...

UK Finance Annual Fraud Report

UK Finance has released its Annual Fraud Report, reinforcing that we must not accept APP scams as an endemic part of life. We must move resolutely away from...

Money-laundering loopholes missed by financial firms

More than a third (34 per cent) of finance and banking firms surveyed for an anti-money laundering campaign have not changed their approach to onboarding new...

Hargreaves Lansdown’s first move into Open Banking

Hargreaves Lansdown has selected Ecospend, the UK’s leading Open Banking provider, to provide a “pay by bank” service for its clients. Ecospend’s...

Loans 2 Go reflects on 5 years of success with ADP

A new video outlining how the lender Loans 2 Go has harnessed the benefits of using Auto Decision Platform (ADP) has been released by LendingMetrics. The...

TransUnion Helps Millions Check Credit Health With Lloyds Bank

TransUnion, a global information and insights company, is empowering customers of Lloyds Bank to look after their credit health with free access to their...

FICO UK Credit Card Market Report April 2022

FICO’s report of April 2022 UK card trends shows some early signs of the impact of the widely reported cost-of-living pressures. The monthly report based on...

Establishing industry regulator key to unlocking synthetic data’s potential – Capco comments

With the FCA’s consultation on ‘Synthetic data to support financial services innovation’ now closed, Stephen Brown, Managing Principle at Capco, points...

Six years on since the Brexit referendum – why Brexit is playing a significant role in the country’s economic downturn

“The happenstance between the UK’s departure from the EU and the Covid-19 pandemic makes it difficult to disentangle the effects of these two events on...

StepChange comment on inflation data

With the Office for National Statistics confirming that annual consumer price inflation reached 9.1% in May, up from 9% in April, with its analysis showing...

Akbank Uses FICO Prescriptive Analytics to Grow Credit Card Approvals 45% And Limits By 60%

Akbank, one of the largest retail banks in Turkey, has improved the way it makes offers to consumers for new credit cards and credit limit increases by...

Foundation Home Loans expands eligible professions, increases maximum loan amount and offers 90% LTV on Professionals mortgage range

Foundation Home Loans, the intermediary-only specialist lender, has today widened its criteria for its Professionals mortgage range which offers enhanced...

Leeds Building Society to offer a Decision in Principle in less than 11 seconds

Mortgage brokers making an application with Leeds Building Society can now be offered a Decision in Principle in less than 11 seconds thanks to a new...

Taking an AI approach to finance fraud

Fraud is a million-pound problem with one in fifteen people falling victim every year, making it one of the most common crimes in the UK. To combat financial...

Experian expands employment and income verification services to cover 50% of UK employees

Global information services company, Experian, is expanding its automated employment and income verification services to broaden UK employees’ access to...

Second charge mortgage new business volumes grew by 48% in April 2022

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

BofE interest rates – Economist reacts

“News of rising interest rates was expected; the economic outlook has deteriorated fast over the recent months. The news contributes to clouding business...

MaPS comment on FCA call to lenders in face of rising cost of living

“With the rising cost of living, we recognise that this is a concerning time for many households. It is normal to experience worries about money, but it’s...

LiveMore comment on BOE base rate rise

“The Bank of England said in the past that when base rate starts to rise it would be gradual but five consecutive increases brings into stark reality the...

StepChange comments on rate rise and FCA cost of living reminder to firms

In the light of today’s Bank of England interest rate rise to 1.25%, StepChange Debt Charity says that, although only 15% of new clients who have sought debt...

Comments on today’s Bank of England interest rate decision

“While today’s rate rise feels high compared to the post-2008 environment, we must remember that it is still very low by historical averages. This...

As Interest Rates and the Forecast of Defaults Rise Dealer Finance Remains Accessible & Competitive

After many years of a low-interest, low inflation economy, which will be new for many consumer and dealer personnel, MotoNovo Finance Managing Director Karl...

Interest Rates Comments

“It is widely expected that interest rates will rise again on Thursday, and the fallout has been talked about extensively. “There is little doubt that...

Shire Leasing adopt ‘no code’ automated decisioning with LendingMetrics’ ADP

LendingMetrics, the multi-award-winning financial technology and data specialist, are pleased to announce their appointment by commercial lender Shire Leasing...

Challenger Bank unveils new lending rates ahead of five-year anniversary

A Hertfordshire-based Challenger Bank has further demonstrated its commitment to helping British businesses to succeed by reducing its lending rates. The Bank,...

As Interest Rates and the Forecast of Defaults Rise Dealer Finance Remains Accessible & Competitive

After many years of a low-interest, low inflation economy, which will be new for many consumer and dealer personnel, MotoNovo Finance Managing Director Karl...

Industry reaction on the news that GDP is falling faster than experts predicted

Following today’s news that recession fears grow as the UK economy shrinks 0.3% in April, Tommaso Aquilante, UK Lead Economist at Dun & Bradstreet said:...

Equifax named Open Banking partner for Paylink Solutions

Equifax, one of the UK’s big three credit reference agencies, is today unveiling a new partnership with fintech Paylink Solutions to automate its digital...

Credit worthiness creeps into brokers’ top five criteria searches latest Knowledge Bank tracker results reveal

New research from criteria search specialist Knowledge Bank shows a potentially worrying development in borrowers’ credit worthiness as the search for...

Paradigm partner with Unity FCS to help firms combat financial crime

Paradigm Mortgage Services, the mortgage services proposition, has today announced a new partnership with Unity Financial Crime Services (FCS) to help its...

United Trust Bank Bridging enhances their ‘Heavy Refurbishment’ product range and brings together ‘non-regulated’ team to streamline applications

United Trust Bank (UTB) has further improved its ‘Heavy Refurbishment’ offering as it continues to expand and enhance its product range to support both...

Almost half (48%) of UK risk experts have regulatory concerns about the year ahead

Kroll, the leading provider of data, technology and insights related to risk, governance and growth, has found that over a quarter (26%) of UK risk experts...

Trust Payments partners with Feedzai to strengthen risk management offerings

London, UK, and Amsterdam, Netherlands – Trust Payments, the disruptive leader in fintech specialising in frictionless payments and value-added services,...

Study finds businesses failing to meet ESG goals, despite growing profits

Dun & Bradstreet Holdings, Inc. (“Dun & Bradstreet”) (NYSE:DNB), a leading global provider of business decisioning data and analytics announced...

Monument launches digital buy-to-let loan calculator

Monument, the challenger bank and specialist buy-to-let lender, has launched a digital buy-to-let loan calculator to allow mortgage intermediaries to check...

Mortgage warning sign for housing market, and credit card borrowing booms again: Bank of England

Net mortgage borrowing fell from £6.4 billion to £4.1 billion in April – below the pre-pandemic 12-month average. Mortgage approvals for moves in the next...

Yolt collaborates with October to ease and speed up loan application processes

Yolt, Europe’s leading independent and data driven open banking provider, announces today a collaboration with October, Europe’s leading SME lending...

BoE Money and Credit figures: “Not an easy time to be making financial decisions”

“Whichever way you look at it, it’s not an easy time to be making financial decisions. Prices are rising, interest rates are rising, and a recession looks...

LendingMetrics launches new SaaS innovation DeeJoop

The problem of ‘double counting’ consumer credit files when using data from more than one bureau has been solved thanks to the introduction of a new...

From Wed 1 June Klarna will share data with credit reference agencies – response

On Wednesday 1 June, Klarna will start sharing data with credit reference agencies. Payl8r MD Samantha Fogerty said: “For years we’ve been calling for...

FICO UK Credit Card Market Report March 2022

Today, leading applied analytics company FICO released its analysis of UK card trends for March 2022. It appears that repayments remain a priority for credit...

Alpha Asset Finance and fintech leaders Nivo join forces to fight fraud with a fully branded mobile app

Alpha Asset Finance is partnering with fintech innovators Nivo to supercharge their application process and combat rising fraud in the specialist finance...

First-time buyer levels up almost 100% in the past decade

Market analysis by Stipendium, the platform that simplifies life’s complex events, reveals that, despite soaring house prices, the number of first-time...

Fleet Mortgages appoints new Marketing & Events Manager

Fleet Mortgages, the buy-to-let specialist lender, has today announced the appointment of a new Marketing & Events Manager. Sarah Todd joins the lender...

Hanley Intermediaries launches fee-free five-year fixed rate shared ownership mortgage

Hanley Intermediaries has launched a fee-free 3.75% five-year fixed rate shared ownership mortgage up to 95% loan to value (LTV). The product will allow...

PIMFA calls for FCA to be given power to direct Ofcom to remove fraudulent content in Online Safety Bill

PIMFA, the trade association for the wealth management, investment services and the investment and financial advice industry, has called for the Financial...

Zephyr brings back seven-year fixed mortgage deals

Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reintroduced a seven-year fixed deal into its mortgage product range. The...

HubSpot Director on GDPRs 4th anniversary: “GDPR is no longer fit for purpose”

“The sophistication of data capture has finally outpaced its watchguard and GDPR is no longer fit for purpose. Regulation has always favoured the big; so...

Emma Peach joins Connected Data

Data driven technology company Connected Data is pleased to announce that Emma Peach has joined the team as General Counsel and Data Protection Officer. Emma...

UK Finance interest-only mortgage comment

“Although the amount of new interest-only mortgages taken out in 2021 is small at 3% of total lending (32,000 loans), there is still a place for this type of...

Payl8r responds to news that Klarna has agreed to share consumer spending data with credit reference agencies from June 2022

Klarna will soon be sharing data with credit reference agencies Payl8r MD Samantha Fogerty said: “For years we’ve been calling for greater regulation...

Together prices inaugural 2second charge only RMBS

Together Financial Services Limited (“Together” or the “Group”), one of the UK’s leading mortgage and specialist loan providers,...

Every little helps in the fight against criminals: UK Finance’s Take Five to Stop Fraud campaign promoted in Tesco stores

New scam warnings have appeared in Tesco stores across the country as the supermarket has teamed up with UK Finance’s Take Five to Stop Fraud campaign. With...

Evolution Money introduces new digital journey to cut processing and completion times

Evolution Money, the second-charge lending specialist, has now launched its new digital journey for customers and adviser introducers, utilising new technology...

Leading AML firm appoints new COO

Leading anti-money laundering (AML) firm SmartSearch has appointed Collette Allen as chief operating officer. Collette’s career at SmartSearch is an...

GDPR reforms must protect the UK’s data adequacy arrangement with the EU, warns IT body

Proposed changes to Britain’s GDPR rules, announced in the recent Queen’s speech, must not put the flow of data between the EU and the UK at risk,...

Evolution Money appoint new Head of ESG

Evolution Money, the second-charge lending specialist, has today announced the appointment of Sue Harrison as its new Head of Environment, Social &...

Landbay reveals new brand with launch of next generation broker portal

Committed to making buy-to-let lending better for brokers, Landbay has launched its most comprehensive and intuitive broker portal – and revealed a bold...

Second charge mortgage new business volumes grew by 42% in March 2022

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

Angola’s first licensed credit bureau in partnership with Creditinfo to provide millions with access to finance

Creditinfo Group, the leading global service provider for credit information and risk management solutions, today announces plans to open Angola’s first...

Rising interest rates to impact brokers’ searches – latest Knowledge Bank tracker results reveal

The current rising interest rate environment looks set to impact mortgage availability and criteria searching Knowledge Bank’s latest criteria tracker...

TransUnion Appoints New UK Chief Operating Officer

Laura Barley has been appointed as chief operating officer (COO) for TransUnion in the UK, meaning that its executive team is now an even split of men and...

Amanda Rendle Joins TransUnion’s UK Board as Non-Executive Director

Global information and insights provider TransUnion has appointed Amanda Rendle to its UK board as a non-executive director. Amanda brings experience in...

BoE rate rise comment

Following the Bank of England decision to raise interest rates to their highest level since 2009, John Phillips, national operations director at Just Mortgages...

Synectics Solutions’ national police unit partnership bolstering the fight against fraud and organised crime

Synectics Solutions, Britain’s leader in using data to detect and prevent fraud and wider economic crime, has partnered with the National Vehicle Crime...

BoE Money and Credit Figures: Commentary

“With inflation running at a 30-year high, the Bank of England is all but certain to raise interest rates on Thursday to an expected 1%. In principle, this...

Band of England Money and Credit comment

Reporting on the Band of England Money and Credit data out this morning –  https://www.bankofengland.co.uk/statistics/money-and-credit/2022/march-2022...

BoE comment: Highest net borrowing shows desire for properties

Following the latest Bank of England Money and Credit stats which found net borrowing of mortgage debt by individuals amounted to £7.0 billion in March, a...

iwoca SME Expert Index: One in three brokers say lending market has returned to pre-pandemic levels

The small business lending market has already returned to pre-pandemic levels of activity, according to nearly a third of brokers (30%) surveyed in iwoca’s...

NetReveal risk scoring enhanced by new alliance with Dun & Bradstreet

BAE Systems Digital Intelligence, a leading global provider of anti-money laundering (AML) and counter-fraud solutions, today announced a new alliance with Dun...

Acquis Data Services launches industry-wide asset finance register to aid lending decisions and help tackle fraud

Acquis Data Services has today announced its intention to launch Acquis Lumia, a register of asset finance borrowing which will provide a clear view of a...

Latest ONS Figures Point To Rising Digital Fraud

Commenting on the recent ONS fraud statistics, Josh Gunnell, director of fraud & ID at TransUnion in the UK, said: “The latest figures from the Office...

Updates to scam prevention Code made to protect more customers

The Lending Standards Board (LSB) has today published a series of updates to the Contingent Reimbursement Model Code (the CRM Code) to further strengthen what...

AML Platform Produces ID Check Every 5 Seconds

Credas Technologies has set a new record in volume. Its estate agency customers are now carrying out an AML check every five seconds via its platform....

New analysis: one in three adults struggle to access credit – with millions more at risk

Just over one in three UK adults may struggle to access credit from mainstream lenders, according to fresh data from PwC and TotallyMoney, the free credit app...

Taking Open Banking connectivity to a deeper level

This year started with a considerable bang for Open Banking. The Open Banking Implementation Entity (OBIE) announced there are now more than five million users...

MorganAsh launches new client vulnerability rating tool to help mortgage brokers comply with new FCA regulations

MorganAsh, a leading support services provider to the financial sector, has launched a ground-breaking, consumer vulnerability assessment tool. By providing an...

Backlog of UK medical treatments likely to sustain growth but increase risk

Global demand for pharmaceuticals remains strong, but the UK will need to reassess impending risks, according to leading credit insurer, Atradius. Throughout...

OpenBankVision enquiries surge

LendingMetrics has seen enquiries for its OpenBankVision (OBV) platform skyrocket following the acquisition of Credit Kudos by Apple. Requests for information...

Industry reaction from Mohit Paul

Following today’s ONS results revealing that UK retail sales fell in March due to rising living costs, Mohit Paul, Chief Revenue Officer at Extenda...

World Retail Banking Report 2022: Incumbent banks must embrace data-centric capabilities to drive personalized customer experiences

Retail banks are currently lagging in their ability to offer true omnichannel experiences, as customers pivot to competitors that offer more personalized...

Yonder and Yapily team up to help 5 million ‘credit invisibles’ via open banking

Credit card startup Yonder has partnered with open banking platform Yapily to provide consumers access to credit without needing a UK credit score. According...

Four in 10 UK Consumers Say Targeted by Online Fraud

According to TransUnion’s 2022 Global Digital Fraud Trends Report, 42% of UK consumers say they have been targeted by online fraud in the past three months....

Knowledge Bank partners with UTB to create industry-first digital criteria guide

Knowledge Bank, the largest database of mortgage lending criteria, has partnered with specialist lender United Trust Bank (UTB) to create a bespoke digital...

CHL Mortgages launches short-term let proposition

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has entered the short-term let marketplace with the introduction of a new five-year fixed...

Comments on Bank of England Credit Conditions Survey of Q1 2022

“Today’s figures reflect a situation we have seen developing for a few months now, and we are still a long way from the finish line. Significant portions...

Are mortgage approvals set to soar in 2022?

Market analysis from specialist property lending experts, Octane Capital, has revealed that despite a dip in February, mortgage approval levels could climb...

Cost-of-living crisis impacts brokers’ searches

The cost-of-living crisis is impacting borrowers as brokers are searching for ‘defaults’ and ‘missed and late payments’, Knowledge Bank’s latest...

Inflation cranks up to 7%: the horrible cost of the bare necessities

CPI inflation surged again to 7% in March – from 6.2% in February. It’s the highest CPI has been since March 1992 – 30 years ago. What this means for...

People under 35 are more at risk from impersonation scams

People under 35 are more likely than older age groups to have been targeted in an impersonation scam and be swayed to provide personal or financial...

TransUnion Selects Provenir to Deliver AI-Powered Risk Decisioning to Clients

Provenir, a global leader in AI-powered risk decisioning software, today announced it has been selected to join TransUnion’s Strategic Alliance Distribution...

Prospect of further sanctions against Russia underlines importance of ongoing client monitoring

The prospect of further sanctions being imposed on Russia in addition to those recently brought in by the UK, the US and the EU has underlined the importance...

Norton Home Loans extends Max LTV to 80%

Norton Home Loans has extended the maximum LTV on its first charge mortgage range to 80%. The launch of 80% LTV mortgages increases NHL’s maximum available...

West One launches first green second charge mortgage

West One Loans is the first lender to introduce a green second charge mortgage for landlords available on properties with an EPC rating between A-C. This...

Knowledge Bank set for rapid expansion

Leading criteria search platform, Knowledge Bank has brought in a new sales and marketing manager as it kicks off ambitious growth plans for the year. By the...

Countrywide Surveying Services announces two key promotions to senior management team

Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced two key promotions to its senior...

Credit Score Checking on the Rise as Consumers Tackle Cost of Living Crisis

A new report by global information and insights provider TransUnion has revealed that the number of people regularly checking their credit score has increased...

Average FTB deposit cost soars in the last five years

Stipendium, the platform that simplifies life’s complex events such as home moving, has revealed that the average cost of a mortgage deposit on a first home...

Smart Money People’s Mortgage Lender Benchmark H1 2022 returns today

Smart Money People’s Mortgage Lender Benchmark returns today to find out which lenders are providing the best service to mortgage brokers and their...

AML within the property industry: Why The Two Tier Approach?

Each year there are over 1.5 million homes listed for sale in the UK and the potential sellers of each all require anti-money laundering checks – often...

MotoNovo Finance Hits a New Lending Record in March

A substantial run of business development success has seen MotoNovo Finance increase lending volumes significantly throughout Q1 significantly. The sustained...

DAPS UK signs up for SmartSearch verification

National property sales and lettings company DAPS UK has partnered with leading anti-money laundering specialist SmartSearch. The company, which will shortly...

TransUnion’s Shail Deep Named Business Leader of the Year – Technology and Analytics

Shail Deep, chief product officer at TransUnion in the UK, has been named Business Leader of the Year – Technology and Analytics, at the Leadership Awards...

Economic Secretary to the Treasury praises UK’s ‘robust’ Anti-Money Laundering systems

John Glen, Economic Secretary to the Treasury, has praised the UK’s robust Anti-Money Laundering (AML) approach and pledged that the government will not...

Novuna Personal Finance launches market-leading rate for personal loans

Novuna Personal Finance (formerly Hitachi Personal Finance) is today launching a market leading personal loan rate, topping the best buy tables with 2.7% APR....

Allica Bank pledges to make over £1 billion in committed lending offers in 2022

Allica Bank – the fintech challenger bank dedicated to empowering Britain’s established small and medium sized businesses – is pledging to make over £1...

UK Finance: Over £200 million of fraud stopped by rapid scam response scheme

Branch staff at banks, building societies and Post Offices have worked with the police to stop £202.8 million of fraud through the Banking Protocol rapid scam...

Fleet Mortgages launches new seven-year fixed rates

Fleet Mortgages, the buy-to-let specialist lender, has today launched seven-year fixed rates in all three of its buy-to-let core ranges – standard, limited...

PSL achieves £80billion of assets under management on the Phoebus servicing solution

Following a hugely successful year of growth for Phoebus Software Limited (PSL), the balances of loans and savings serviced on the Phoebus servicing platform...

BuildLoan moves back to pre-Covid income criteria

Self and custom build specialist BuildLoan has agreed a revised lending policy with Chorley Building Society, which includes a return to a pre-Covid approach...

Majority of young Brits think the current credit score system is fundamentally flawed

More than half (54 per cent) of young people, aged 18-34, think the current credit score system is fundamentally flawed. This is according to new research from...

Fintech Effectiv raises $4m from Accel for fraud and risk management platform

San Francisco, California: Fintech startup Effectiv has today announced a $4 million seed funding round, led by Accel with participation from REV (funded by...

LendingMetrics recognised for second year in a row

LendingMetrics is pleased to announce it has been awarded Best Credit Data and Risk Technology Solutions Agency within SME News’ Business Elite Awards. The...

New faces at LendingMetrics

Intelligent decisioning technology provider LendingMetrics has made a range of new appointments to ensure high delivery standards as its customer base expands....

SmartSearch launches high-risk country report

A new high-risk country report service has been launched by leading anti-money laundering specialist, SmartSearch in response to the introduction of sanctions...

Meet the 5 million ‘credit invisible’ Brits still at risk of exclusion from the financial system

New research from Experian has revealed that there are over 5 million (5,049,129) people in the UK who are virtually invisible to the financial system, because...

UK public back the Economic Crime Bill AML crackdown

Research by AML experts, Credas Technologies, has shown that the vast majority of the UK public back the government’s new Economic Crime Bill, as they want...

United Trust Bank appoints Essie Quinnell as Asset Finance Underwriter

United Trust Bank (UTB) has appointed Essie Quinnell as Underwriter in its Asset Finance Credit team as the division continues to transact record levels of new...

Seconds activity amongst prime borrowers grows again says Evolution Money tracker

Evolution Money, the second-charge lending specialist, has today launched the fifth iteration of its quarterly data tracker, which reviews borrower types,...

RMA Forms New Climate Risk Consortium for Regional Banks

Philadelphia, PA — The Risk Management Association announced today it has strengthened its commitment to advance climate risk management in the financial...

Bounce Back Loan fraud could have been avoided

Digital fraud checks could have significantly reduced the £11.8 billion pounds now estimated to have been lost by the government to fraudulent and erroneous...

Record house prices may be edging towards an affordability crisis

The average house price hit a record of £273,762 in January  – up £24,000 in a year. Average house prices were up 9.6% in the year to January....

It’s a myth! Misconceptions about credit hindering people’s financial health

New research from Experian reveals myths and misconceptions about credit information could be holding people back from improving their financial health. Nearly...

Provenir AI Shrinks the Cost, Complexity and Time-to-Market for Smarter Financial Services Risk Decisioning

Provenir today introduced Provenir AI, giving financial institutions the power of artificial intelligence (AI) for better and faster risk decisioning while...

Transactions comment: Cold weather not dampened desire to move

Following the latest housing transactions figures which found UK residential transactions in February were 15.3% higher than January, we have comment from...

February’s flurry won’t last forever: ONS property sales figures

Property sales (non-seasonally adjusted) were 96,250 in February – up 15.3% from the dip in January, and down 20.6% from a year earlier. The year earlier...

Foundation Home Loans enhances fee-assisted buy-to-let product range

Foundation Home Loans, the intermediary-only specialist lender, has today announced a range of enhancements to its fee-assisted buy-to-let product range...

West One provides pragmatic approach to £2.9m BTL portfolio

Specialist lender, West One Loans has successfully completed a £2.9m, complex buy-to-let loan. Working with a landlord who already had outstanding mortgage...

Covid Bubble Not Yet Burst by Rising Cost of Living

Global analytics software provider FICO today released its analysis of UK card trends for January 2022, which suggest that despite well-documented increases in...

The most promising emerging markets for 2022 revealed in Atradius’ new research

A new report from leading trade-credit insurer, Atradius UK, outlines the most promising emerging markets for international trade this year. Uruguay, Côte...

Self and custom build specialists BuildLoan expands its large loan mortgage range

Leading self and custom build mortgage distributor BuildLoan, has launched a new product range with Darlington Building Society, offering mortgages up to £1.5...

New partnership will enable organisations to quickly identify those who are vulnerable and those who may become vulnerable

The number of people likely to fall into vulnerable circumstances, as a result of increasing levels of debt over the coming year, is set to soar. The need to...

Latest data indicates that the strong recovery is masking structural challenges faced by UK businesses that may still cause a wave of ‘delayed’ insolvencies in 2022

FXE Technologies’ quarterly Lending Monitor published today reinforces the latest Government insolvencies data Latest Government monthly insolvency data...

70% of portfolio landlords expect to remortgage or consolidate loans in the next 12 months

A webinar poll conducted by CHL Mortgages, the intermediary-only specialist buy-to-let lender, suggests that 70% of portfolio landlords expect to remortgage or...

Russia ranks as the second worst nation for money laundering

Had your assets frozen? Can no longer sell that £1m striker who’s been underperforming all season? Bobbing about in the deep blue looking for a safe place...

West One BTL adds new seven-year and lifetime tracker products

West One Loans has today added a raft of new products to its comprehensive buy-to-let product range. The new products include seven-year fixed payrate...

OMS forms strategic alliance with Sanctions Search

One Mortgage System (OMS), the single-input enquiry to completion processing platform for brokers, has formed a strategic alliance with Sanctions Search to arm...

Record job moves drives employment related searches – latest Knowledge Bank tracker results reveal

Brokers are working with numerous borrowers who have started new jobs, Knowledge Bank’s latest criteria tracker results reveal. With the jobs market now back...

Oakbrook and Experian pilot to help more people get access to fairer, affordable credit

Digital lending platform Oakbrook will soon be able to offer an additional service to enable more people access to fairer and affordable credit, as they pilot...

Comment in response to Which? APP fraud statistics

While scam prevention importantly remains at the top of the agenda for the financial services sector, scams don’t occur at the point of payment. The social...

Landbay creates dedicated portfolio team

Specialist buy-to-let lender Landbay has set up a portfolio underwriting team specifically to cater for professional landlords who own rental properties in a...

More than 5.5 million adults in the UK fell victim to identity fraud in the last 12 months

Nearly one in 10 smartphone users in the UK (9%), as many as 5.7 million people*, have fallen victim to identity fraud in the last 12 months, according to...

Will Russian money probe reverse the decline in estate agency AML fines?

Credas, the leading identity verification service, has revealed that there has been a decline in the sums being fined to the estate agency sector as a result...

Qualis Credit Risk completes first high FTV home purchase plans with Gatehouse Bank

Qualis Credit Risk, the new specialist mortgage and credit Managing General Agent (MGA) created by AmTrust Finance Services, Inc, has today announced its first...

House prices can’t escape reality forever – but they do for now

In February, house prices rose at their fastest since June 2007 – before the financial crisis. They’re up 10.8% in a year, to a record high of £278,123....

Rob Irving joins United Trust Bank Asset Finance Credit Team as North-West based ‘roving’ Senior Underwriter

United Trust Bank (UTB) has recruited experienced underwriter Rob Irving to its Asset Finance Credit Team as it continues to develop its service to brokers...

Together launches its lowest BTL mortgage rate

Specialist lender Together has introduced a raft of changes to its buy-to-let products – including introducing its lowest ever rate – to help landlords...

The Mortgage Brain partners with Proportunity

Mortgage broker The Mortgage Brain (TMB) has announced a partnership with shared equity loan provider Proportunity to help borrowers with small deposits become...

Creditsafe acquires B2B Information services company Graydon from Atradius

Creditsafe Nederland BV (part of Creditsafe Group), the global credit data and risk intelligence experts announces the acquisition of Graydon. Graydon has been...

High street bank ramps up anti-fraud efforts as it registers under the Contingent Reimbursement Model (CRM) Code

Virgin Money, the UK’s sixth largest bank, is the latest firm to become fully registered to the Contingent Reimbursement Model Code (the CRM Code) – a...

Majority of brokers struggle to place specialist buy-to-let cases

A webinar poll conducted by Mercantile Trust, the intermediary only specialist buy-to-let and bridging lender, has revealed that brokers are facing a number of...

Sanctions on Russia – monitoring newly sanctioned people and entities – Comment

Following the announcement by the prime minister, Boris Johnson, that Britain will implement the “largest and most severe package of economic sanctions that...

Riccardo Rosa is appointed CEO of Euler Hermes World Agency

Euler Hermes, the world leader in trade credit insurance, announces a change in the leadership of its multinationals segment, World Agency. Riccardo Rosa is...

TransUnion Teams up With CreditLadder To Include Property Rental Payments in Credit Reports

Global information and insights company TransUnion has partnered with CreditLadder, the UK’s first and largest rent reporting platform, to incorporate UK...

Just Mortgages launches equity release proposition

Leading broker firm Just Mortgages now advises on equity release, completing the holistic circle of advice the firm can offer. Just Mortgages has trained 13...

Hodge sees 50+ completions and average values increase significantly over pandemic period

Hodge has seen a 59% increase in 50+ mortgage completions since 2019, with applications peaking in November 2021. The average value of a 50+ mortgage with...

Experian finds loan searches increase 101%, with loan applications increasing 69%

New analysis from Experian finds that comparison searches for loans have doubled over the last year, while consumer research reveals that almost one in five...

New mortgage intermediary launches in response to FTB difficulties

New independent low deposit mortgage specialist Home me, launches today with the aim of bringing a new dimension to the UK mortgage industry. Home me is a...

Fleet Mortgages cut rates on all tracker products

Fleet Mortgages, the buy-to-let specialist lender, has today announced it has cut rates across all lifetime tracker products available in its three core ranges...

LOQBOX Gives Renters the Opportunity to Build Credit Worthiness

92% of LOQBOX members who currently rent, want to own their own home, according to a recent survey. To help them achieve their goal, LOQBOX has launched a...

Retail Sales Bounce Back Following End of COVID-19 Restrictions

Commenting on the latest retail sales index from the Office for National Statistics, Adam Hancox, director of retail at TransUnion in the UK, said: “It’s...

New whitepaper calls for effective AML due diligence

Industry leading anti-money laundering specialist SmartSearch has launched a whitepaper analysing due diligence undertaken by financial services firms when...

CHL Mortgages launches its first 7-year fixed rate buy-to-let

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has extended its offering with a range of new deals including a 7-year fixed rate product...

The UK is 5th lowest risk country for cyber threats, according to new research

With warnings of cyberattacks happening around the world, new research reveals the countries across the globe that are the most (and least) at risk of...

The Right Mortgage & Protection Network update the vulnerability training and resources for members

A year on from the FCA’s Financial Lives Matter survey, where nearly half of UK adults showed one or more signs of vulnerability, The Right Mortgage and...

AML checks cost the UK property market £15.5m in the last year

Credas Technologies, the leading identity verification service, has revealed that there were an estimated 5.5m anti-money laundering (AML) and identity checks...

Rising cost of living driving borrowers to second charge products

Knowledge Bank’s latest criteria tracker results reveal that borrowers are turning to second charge mortgages to help alleviate financial issues. ‘Capital...

WhenFresh and Connected Data partner to enhance debt resolution processes

UK households are facing a ‘cost of living’ crisis and organisations across all sectors are preparing for record levels of debt. These organisations are...

Second charge mortgage new business volumes grew by 36% in December and by 44% in 2021

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

FLA Members provided £132 billion of new business in 2021

New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance...

Central Trust enhances residential mortgage proposition

Central Trust, the first and second charge lender, has today made significant changes to its residential mortgage proposition, including helping customers with...

Norton Home Loans launches 80% LTV Second Charge Mortgage

Norton Home Loans has launched a Second Charge Mortgage product with a maximum LTV of 80%. The product is available for a maximum loan size of £100,000 and...

UK sits second in global money laundering rankings

Credas, the leading identity verification service, has revealed that the UK sits second in the list of global money laundering hotspots, with an estimated...

Seven-day development loan turnaround for £11.6m build project

West One Loans, one of the UK’s largest non-bank lenders, has turned around a development finance loan in just seven days. This quick response ensured that...

TransUnion Accepts Buy Now, Pay Later Data

Global information and insights provider TransUnion has announced it is ready to accept buy now, pay later finance into UK consumer credit files, being the...

MyLifeKit, a health & credit score platform, confirms £2 million funding round

MyLifeKit, a new company which has launched in the ‘AI for Life’ space, is about to close a £2m million Series A funding round. The company is also...

New faces appear as Air Group releases H2 2021 ‘Temperature Check’ of equity release provider service levels

Air Club, the leading later life services platform, has today announced its fourth half-year equity release provider ‘Temperature Check’ report focusing on...

FICO UK Credit Market Report December 2021: Omicron Didn’t Dampen Christmas Spending As Balances Increased – But Missed Payments Also Rising

Global analytics software provider FICO today released its analysis of UK card trends for December 2021. As expected for the Christmas period, spend and credit...

Tinder Swindler – How to avoid romance fraud

Romance scams are among the most common types of fraud in the UK, with cases logged with Action Fraud up 40% last year. Victims looking for love are targeted...

Big spenders return to the high street but the big squeeze means this could be short-lived

Retail sales surge by 11.9% in January according to the BRC-KPMG Retail Sales Monitor. Barclaycard survey shows 9 out of 10 are worried about cost of living...

Mercantile Trust improves first and second-charge bridging offering

Mercantile Trust, the specialist buy-to-let, bridging and commercial lender, has revamped its bridging proposition, reducing rates across the board, as well as...

Homeowners encouraged to take action and save almost £5,000 by remortgaging

Latest figures from Experian & L&C Mortgages have been issued ahead of the Bank of England rate setting meet: According to new analysis by Experian and...

Hanley Economic BS launches five-year BTL and residential remortgage specials

Hanley Economic Building Society has launched two five-year fixed rate remortgage specials. The first of these is a five-year fixed rate buy-to-let remortgage...

Commentary: Tommaso Aquilante, UK Lead Economist at Dun & Bradstreet on interest rate rise

With the news that the Bank of England has raised interest rates to 0.5%, Tommaso Aquilante, UK Lead Economist at Dun & Bradstreet, said: “Today’s...

TotallyMoney integrates open banking with Bud to unlock customer data for better borrowing

TotallyMoney, the credit app focused on the ‘under-served’, has chosen Bud’s open banking platform for a partnership which will help improve access to...

Comment: BoE rate rise won’t dampen desire

Following the Bank of England decision to increase base rate to 0.5%, John Phillips, national operations director at Just Mortgages said: “Although there may...

New appointment will steer Enra on next phase of change

Enra Specialist Finance has appointed Ryan McGrath as its new programme manager to deliver change programmes within Enra’s strategic change roadmap. Prior to...

Incomplete data means more than 5 million UK adults needlessly “financially excluded” as cost of living crisis looms

More than 5 million UK adults are unnecessarily financially excluded, meaning they could potentially struggle to access affordable and fair financial services...

Treasury Committee publishes report on fraud, scams and economic crime – comment

Commenting on the just-published Treasury Committee Economic Crime Report, Aziz Rahman, founder and Senior Partner of economic crime specialists Rahman...

BoE Money and Credit Monthly Statistics comment

Following the release of the BoE Money and Credit monthly statistics this morning, Paul Heywood, Chief Data & Analytics Officer at Equifax UK commented:...

The New Business Rules – Great Customer Outcomes as a Differentiator Matters

MotoNovo Finance has scored an impressive 86.4% approval rating in the Institute of Customer Service (ICS) UK Customer Satisfaction Index (UKCSI), a figure...

Mercantile Trust improves buy-to-let criteria

Mercantile Trust, the specialist buy-to-let, bridging and commercial lender, has made a raft of significant improvements across its buy-to-let proposition....

Hodge increases its holiday let rental yield LTV criteria to 30 weeks occupancy

Hodge will now accept 30 weeks occupancy as a rental yield projection for its holiday let mortgages. It previously allowed calculated rental income using an...

UK households spending up to 77% of income to cover the rental cost of living

The latest property market analysis by London lettings and estate agent, Benham and Reeves, has revealed how UK renters are forking out up to 77% of their...

Record growth at anti-money laundering firm SmartSearch

Specialist anti-money laundering firm SmartSearch has reported record annual growth. The rapid expansion has been driven by a surge in demand for its...

Inflation no higher for those on lower incomes – but it hits harder

Inflation is similar for higher earners and lower earners, with inflation for higher earners at 5.5% and lower earners at 5.3% – but underlying the figures...

Digital Fraud Continues to Rise, With Remote Banking Fraud up 53%

“The latest quarterly fraud figures from the Office for National Statistics highlight the extent of the impact of the pandemic, with fraud up 36% for the...

United Trust Bank Property Development loan book exceeds £1bn following record year for new lending

United Trust Bank’s Property Development loan book has exceeded £1billion for the first time following a record year of new originations. The specialist...

Comment: “impossible to comprehend” lack of Covid loan due diligence

Following the resignation of Conservative minister Lord Agnew, who has accused the Treasury of having “little interest in the consequences of fraud to...

The Great Humbling of AI

“After several years of trying—and ultimately failing—to live up to boundless hype, artificial intelligence (AI) was, in 2021, deeply humbled in the...

Over £1bn of later life lending placed through Air Club in 2021

Air Group, the leading later life services platform, has today announced in excess of £1 billion of later life lending was placed through its Air Club...

New data shows victim-survivors of economic abuse are left with long-lasting harm – with an average coerced banking debt of £4,607 and 83% with low financial knowledge and confidence

Economic abuse leaves victim-survivors without the financial skills needed to escape an abuser and move forward, as well as debts which take many years to pay...

Coventry Building Society launches new customer affordability tool

Coventry Building Society has launched a new online affordability tool to help mortgage customers facing financial difficulties. The tool, delivered by fintech...

Looking ahead to year of scams and AI investment across Europe

“2021 saw the world settling into a new normal with heightened expectations of digital experiences. But financial crime has continued to evolve. As we move...

Foundation Home Loans launches lending in Scotland

Foundation Home Loans, the intermediary-only specialist lender, has today announced the expansion of its mortgage offering to borrowers purchasing or...

Virgin Money appoints Susan Poot as Group Chief Risk Officer

Virgin Money today announces the appointment of Susan Poot as Group Chief Risk Officer, with effect from 24 January 2022. Susan joins Virgin Money from ING...

Still deals to be had – Comment on the HMRC property transactions

Following the property transaction figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “Although December is one of those...

Five Lending Predictions for 2022

“In an environment where everything is changing — the way we work, travel, meet and shop — the world of credit is adapting quickly. The pandemic isn’t...

Fleet Mortgages’ Q4 2021 Rental Barometer shows steady yield returns

Fleet Mortgages, the buy-to-let specialist lender, has today (19th January 2022) released the latest iteration of its Buy-to-Let Rental Barometer covering Q4...

New developments at LendingMetrics

Intelligent decisioning technology provider LendingMetrics has announced a number of new appointments and several promotions within its fast-growing workforce....

UK economic growth to outpace global average in 2022

Global trade will expand above the long-term average this year but will be disrupted by labour and supply chain bottlenecks, amplified by omicron in the first...

Zephyr Homeloans reduces rates

Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced rates across its mortgage product range. The lender said it is...

Sistemas Críticos Launches Solution for Transactional Fraud Prevention using FICO Falcon Fraud Manager

FICO, the world leader in predictive analytics and decision management software, and Sistemas Críticos, a global IT company with presence in Latin America,...

TDX Group awarded Collections Managed Service provider and supplier of Advisory Services on CCS’s Debt Resolution Services framework

TDX Group, the UK’s leading provider of data-powered debt collection and recovery services, is today announcing that it has, along with its parent company...

Second charge mortgage new business volumes grew by 36% in November 2021

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

Bank of England Credit Conditions Survey: Affordability Assessments More Important Than Ever

Following the release of the Bank of England Credit Conditions Survey today, Paul Heywood, Chief Data and Analytics Officer at Equifax UK, said: “Demand for...

Dun & Bradstreet appoint International CMO

Dun & Bradstreet (NYSE: DNB), a leading global provider of business decisioning data and analytics, today announced the appointment of Susan McKay as...

Fleet Mortgages hit £782m of lending in 2021

Fleet Mortgages, the buy-to-let specialist lender, has today announced it completed £782m of lending during the 2021 calendar year, posting a pre-tax profit...

Second charge products providing lifeline to businesses

New analysis from Knowledge Bank shows business owners are turning to second charge mortgages to raise capital as the Omicron variant disrupts industries...

Risk Management Association, Top U.S. and Canadian Banks Form Consortium to Tackle Climate Risk

The Risk Management Association (RMA) announced today that 19 leading banks have formed the RMA Climate Risk Consortium (“The Consortium”), which will...

Atradius reflects on Brexit impact one year on

Brexit combined with the coronavirus pandemic has created a double-edged sword for businesses with its full-scale impact yet to be realised, reports trade...

Landbay gains carbon neutral status

Specialist buy-to-let lender Landbay has been officially certified as a Carbon Neutral Business for the offsetting of its greenhouse gas emissions. The...

FICO UK Credit Market Report November 2021: Black Friday and Christmas Boost Spend to Over Two-Year High as Payments Start to Drop

Global analytics software provider FICO today released its analysis of UK card trends for November 2021. With average spend and cash usage rising, the data was...

FICO Unites Software Business Under EVP Stephanie Covert to Accelerate Platform Strategy

Global analytics software leader FICO today announced that Stephanie Covert has taken on an expanded role as executive vice president for software. In a move...

Coventry Building Society launches new customer affordability tool

Coventry Building Society has launched a new online affordability tool to help mortgage customers facing financial difficulties. The tool, delivered by fintech...

New research has revealed the UK’s biggest business fraud hotspots

The research, undertaken by anti-fraud experts SEON, has revealed the areas with the highest rates of business fraud per 100,000 people. The research used data...

Key targets customer vulnerability with Aveni.ai

Equity release pioneer Key today revealed it is working with speech analytics platform Aveni.ai as it seeks to build on its award-winning customer service with...

Stonebridge’s Check, Action & Resolve system hits 1.1m mark

Stonebridge, the national mortgage and insurance network, has today announced its Check, Action & Resolve (CAR) system has now hit over 1.1 million checks...

SmartSearch announces appointment of new CEO

SmartSearch, the leading anti-money laundering specialist, today announces the appointment of Guy Harrison as CEO.  Guy will drive SmartSearch’s strategic...

Record fine for law firm should act as a wake up call for AML compliance

Following law firm Mishcon de Reya being fined £232,500 for numerous AML failings, Martin Cheek, MD of SmartSearch said: Martin Cheek“To have a high-profile...

Calls for greater data transparency as Treasury wraps us consultation into BNPL

Following the closing of the Treasury’s consultation into BNPL last night, Jayadeep Nair, Chief Product and Marketing Officer at Equifax UK, said: “The...

New year celebrations as Landbay cuts rates across product range

Landbay starts off the new year with a complete product refresh to simplify its buy-to-let mortgage range and has added new build homes into its Green...

LogPoint appoints Matthew Rhodes to lead the charge in the Managed Security Services space

LogPoint, the global cybersecurity innovator, has announced Matthew Rhodes as Regional Sales Director for MSSPs and strategic accounts in EMEA, based in the...

Borrowing booms for the first time since the onset of the pandemic – just as rates rise

Consumer borrowing (excluding mortgages) is up 0.4% in a year – the first positive annual growth since the onset of the pandemic. In November 2021, we...

Brexit and how far will the UK’s data protection rules diverge from the EU in 2022

Brexit shook up the UK’s data protection landscape, bringing with it a fair share of uncertainty, anxiety and confusion. One year on, the question that very...

New credit card offer from NewDay exclusive to Experian Boost customers

Experian Boost is the UK’s first and only service to help consumers improve their credit scores using transactional information like total current account...

UK businesses write off £8 in every £100 as uncollectable

UK businesses report losing £8 for every £100 billed in the last year due to the non-payment of invoices, according to the research by trade credit insurer...

Allica Bank Becomes First Non-CBILS Lender to Join Recovery Loan Scheme

Leading fintech challenger bank Allica has been accredited for the Recovery Loan Scheme (RLS), becoming the first bank outside of the original CBILS lenders to...

The Money Stats – December 2021 – Challenging Winter Coming, Driven By Prices Rising Ahead of Forecasts

The pace of UK consumer price rises has been higher and faster than forecast by most, bringing significant challenges ahead for households in the winter...

Financial industry warned of continuing fraud

More than 50 delegates from the UK’s leading banks and other financial organisations have been told that mandating fraud measures such as UCN Plus• would...

BoE raises interest rates – reaction

“Although inflation levels have been off-target for some time now, markets were largely expecting the Bank of England to see how the Omicron variant played...

FICO UK Credit Market Report October 2021: Are Lockdown Savings Running Out?

Global analytics software provider FICO today released its analysis of UK card trends for October 2021 with the first signs that lockdown savings — which...

Data On Demand and Vulnerability Registration Service partner to provide 360 view of vulnerability

The Vulnerability Registration Service (VRS), a not-for-profit company providing the UK’s first central vulnerability database, has partnered with Data On...

Cashplus Bank announces Business Creditbuilder and 1% cashback business credit card to support £5bn of SME lending

Cashplus Bank, the leading SME fintech, today announces it will launch a UK-first Business Creditbuilder tool in partnership with Equifax, aimed to increase...

LoanSnap Achieves World Record, Closes Home Loan in 24-hours

LoanSnap, the company that helps consumers own their financial future and creator of the world’s first smart home mortgage loan, announced today it has...

Arrow Global launches Bergen Finance to enter short-term real estate lending in UK

Arrow Global, a leading European investor and alternative asset manager in credit and real estate, today announces the launch of Bergen Finance, a new...

FICO Appoints Matt Cox to Lead Europe, Middle East and Africa Operations

Global analytics software leader FICO today announced that Matt Cox has been appointed as vice president and general manager of FICO for Europe, Middle East...

Mortgage approval values climb 26% during the pandemic

Market analysis by real estate debt advisory specialists, Sirius Property Finance, has revealed how the pandemic has impacted the mortgage sector, with the...

MPs warn online safety bill risks weakening fraud protection

The Joint Committee on the Draft Online Safety Bill called for online protection to be beefed up across the board – including specific recommendations to...

Money laundering fine of £265 million imposed on NatWest – Comment

Today at London’s Southwark Crown Court, NatWest has been fined £265 million having entered guilty pleas in October to criminal charges brought by the...

BuildLoan and Furness launch “Heartland” self build products for North West self builders

BuildLoan has launched two new self and custom build products with Furness Building Society to support self builders in Furness’s North West England...

SmartSearch announced as preferred AML supplier for Alto

SmartSearch, the leading anti-money laundering specialist, is providing its industry leading customer verificationsystem to Alto, the leading cloud-based...

Inflation worries and talk of rate rises are cutting through

People are far closer to knowing the inflation rate now: estimating 3.7% for November (CPI was 4.2% in October). By comparison, when it was 0.4% in February...

Foundation Home Loans launch ‘Festive Five-Year Fixed Rate Special’ for landlords

Foundation Home Loans, the intermediary-only specialist lender, has launched a new ‘Festive Fixed Rate Special’ at just 3.04% for 5 years, for landlord...

Open Banking adoption in lending set to hit 70% in next two years

One in four lenders (26%) now use Open Banking technology, with 51% of those who haven’t yet used the technology planning to do so in the future. Nearly nine...

Second charge mortgage new business volumes grew by 43% in October 2021

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

Consumer car finance market fell 1% by value and 11% by volume in October 2021

New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported a fall in new business of only 1%...

Financial organisations increasingly turn to robotics as part of their data-driven dreams

61% of organisations now either use Robotic Process Automation (RPA)/robotisation or are developing ideas on how to incorporate the technology into their...

Creditspring hits 100,000 customers as UK consumers increasingly seek affordable credit

Subscription loan provider, Creditspring, announces that it has surpassed 100,000 members earlier than expected as households remain in need of support during...

Hanley Economic BS launches two fixed rate residential products

Hanley Economic Building Society has launched a pair of residential fixed rate mortgages. The first is a remortgage only 1.75% two-year 80% LTV fixed rate...

Anti-money laundering specialist welcomes Chatham House report highlighting UK weaknesses in tackling organised crime

The latest report from the Chatham House think tank highlighting the need for the UK government to address systemic weaknesses in tackling organised crime has...

Chatham House report finds UK’s anti-money laundering measures need complete reset – comment

“While Chatham House is calling for a complete overhaul of the UK’s money laundering regulations and pointing the finger at the National Crime Agency (NCA)...

Creditspring hits 100,000 customers as UK consumers increasingly seek affordable credit

Subscription loan provider, Creditspring, announces that it has surpassed 100,000 members earlier than expected as households remain in need of support during...

Recognise Bank Partners with Rent Chief to Offer Free Property Investment and Research Tools

Challenger bank, Recognise Bank, is partnering with leading property-tech firm, Rent Chief, to offer professional landlords and property investors a range of...

Half Of European Businesses Surveyed Believe Top Quality Data Is Vital For Survival, Study Finds

With businesses still experiencing the disruption to their operations and supply chains due to the pandemic, research commissioned by leading global business...

Finverity launches real time Credit Data API for SMEs and Corporates in collaboration with Abu Dhabi Global Market

Finverity, the award winning mid-market supply chain finance (SCF) platform focused on emerging markets, is pleased to announce the launch of its real time...

Change ahead for chemicals industry: report

A major shift in the competitive landscape of the chemical industry is underway, reveals a report by trade credit insurer Atradius. Atradius reports that...

Commission launched to conduct cross-sector review into the impact of online banking on those experiencing economic abuse

More than one in seven people in the UK (16%) identify as having experienced economic abuse in their current or former relationship – 24% of which said...

Majority of Brits in the dark over credit scores

A new survey of 2,000 adults in the UK has revealed how Britons are managing their credit scores. It found that: ●    51% of Brits are not aware of their...

Fintech unicorn Thought Machine & Synpulse offer banks cloud-based core banking solutions

Synpulse Launches STORM Operating Model and Strategy to Accelerate Banks’ Time-to-Market with Thought Machine’s Vault at the Core STORM, or the Synpulse x...

Zephyr Homeloans announces new products to support energy efficient properties in private rented sector

Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has announced a number of new products as part of a range redesign aimed at...

UK watchdog attacks ‘inadequate’ effort to tackle Covid loan fraud

After the NAO branded the government’s measures to prevent fraud in its bounceback Covid-19 loan scheme for small businesses “inadequate” saying it...

LPA identity fraud highlights need for vigilance by conveyancers

An identity fraud in which lasting power of attorney was used in an attempt to steal a flat has highlighted the pressure on conveyancers to perform effective...

CHL Mortgages adds new LTV bands and reduces rates across BTL product range

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has introduced a raft of products across new LTV bands, reduced rates on existing deals and...

Business credit scores stabilise despite ongoing challenges

New research from Experian, which analyses 2.2 million UK businesses, has revealed that, on average, businesses’ credit scores are recovering well from the...

Record year for Help to Buy equity loans, but repayment costs climb too

In the year to the end of June 2021, there were a record 60,634 homes bought using Help to Buy equity loans – taking it to a total of 339,347 since the...

Landbay refreshes BTL Limited Edition remortgage range

Landbay has repriced its Limited Edition range of five-year fixed rate buy-to-let remortgage products and introduced a £500 cashback payable upon completion....

Connected Data appoints two senior directors

Recently launched East Midlands based venture, Connected Data, is pleased to announce that Anthony Sumner and Antony Dear will be joining the team as Director...

Ying Tan makes substantial investment in Knowledge Bank

Ying Tan, founder and former CEO of leading mortgage broker Dynamo, has today acquired a significant stake in Knowledge Bank a rapidly growing fintech. ...

New partnership between the Illegal Money Lending Team and the Vulnerability Registration Service will help protect loan shark victims

The Vulnerability Registration Service (VRS), a not-for-profit company providing the UK’s first central vulnerability database, has partnered with...

BoE Money and Credit Monthly Statistics: Commentary

“In October, consumers continued to borrow more than they paid off, accruing extra debt ahead of an expected increase in interest rates next month. This...

New partnership between the Illegal Money Lending Team and the Vulnerability Registration Service will help protect loan shark victims

The Vulnerability Registration Service (VRS), a not-for-profit company providing the UK’s first central vulnerability database, has partnered with the...

UK businesses’ risk appetite is climbing, new research shows

UK businesses’ appetite for tech investment is growing, research from Studio Graphene has revealed. The London-based digital agency commissioned an...

Spending squeeze sparks the return of the credit card and a savings slowdown

We borrowed another £700 million in consumer credit, including £600 million more on credit cards, the largest amount of card borrowing since July last year....

Vodafone to Leverage FICO’s Expertise in Tackling Fraud Risk in Digital Channels

Analytics software firm FICO has been engaged by Vodafone, a leading telecommunications company in Europe and Africa, to review new fraud risks and mitigations...

FICO Launches Powerful Next-Generation Originations Solution as Consumers Demand Digital Account Openings

The pandemic forced many financial institutions around the world to rethink their business strategy to better compete in a digital-first economy. According to...

TransUnion Signs up to The 5% Club Charter for UK Employers

TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, is proud to showcase its support for learning...

Foundation Home Loans launches Professionals mortgages with enhanced loan-to-income multiples

Foundation Home Loans, the intermediary-only specialist lender, has today broadened its owner-occupied proposition with the launch of products with enhanced...

Use of Buy Now Pay Later hits all-time high, as shoppers look to spread the cost of Black Friday and festive period

More than a quarter (28%) of UK shoppers are now regularly using Buy Now Pay Later (BNPL) services to spread the cost of purchases, and thousands more will be...

Hodge makes further rate changes to holiday let mortgages

Hodge has made further reductions on its holiday let mortgages, by reducing the five-year fixed 75% LTV product by 0.20%. This rate reduction will bring the...

Financial abuse figures: how to spot the signs

Police recorded 1.46 million domestic abuse incidents or crimes in the year to March 2021. 845,734 were recorded as crimes, which is up 6% from a year earlier....

FICO Recognized as a Top 10 RiskTech Company in the 2022 Chartis RiskTech100® Report

Leading applied intelligence company FICO announced it has ranked sixth in Chartis Research’s annual RiskTech100® report of the world’s leading...

Asia trade at crossroads: Latest Atradius Country Report