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

The future of Asia’s international trade hangs in the balance as global forces shift, reports new economic research by trade credit insurer Atradius. In its...

Selina Finance launches 85% LTV second-charge range

Selina Finance, provider of a range of flexible secured loans, has today (22 November) announced that it is increasing its maximum loan to value (LTV) to 85%....

Nearly a third of global businesses lost over £1m to financial crime in one year, says new white paper

A recent white paper published by Themis and Encompass Corporation, the leading provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) software,...

Graduates of International Compliance Association gather to celebrate success

Students of The International Compliance Association (ICA) – part of Wilmington plc – have celebrated their success at a Graduation Ceremony in London. The...

Research reveals businesses are wasting hours checking documents

New research from anti-money laundering specialist SmartSearch has found regulated businesses are wasting hours processing physical documents for ID checks....

Data points to busy Christmas for consumer lending

Christmas spending could be set to return to something like pre-Covid levels, according to data analysed by LendingMetrics. The volume of transactions that...

Recognise Bank Enters Buy-To-Let Market

Recognise Bank has entered the buy-to-let market with a new product designed for professional landlords and investors with portfolios of at least four...

Encompass Corporation appoints Dr. Henry Balani to head Global Affairs following major US expansion

Encompass Corporation has appointed Dr. Henry Balani, a seasoned financial services executive and academic, to the role of Global Head of Industry &...

Another step on the ladder to 5%

‘The jump in inflation in October to its highest rate since 2011 was largely driven by the recent rise in energy prices. Inflation will probably stay around...

Aldermore provides £900,000 invoice finance facility to support expansion of North West bar codes business

Aldermore bank has provided a £900,000 invoice finance facility to Bar Code Data Ltd, to support the purchase of the business and its growth beyond the...

Inflation roars ahead in October: the Bank of England may well show its teeth

CPI inflation soared to 4.2% in October, up from 3.1%, It’s the highest inflation has been in a decade. What does this mean for interest rates? What does it...

ONS inflation: “Brits have every right to worry if Andrew Bailey is”, Curve

“If Andrew Bailey is uneasy about rising inflation then Brits have every right to feel worried. Inflation is already rising and with UK inflation expected to...

Enra Specialist Finance appoints new CTO

Enra Specialist Finance has appointed Aris Karidis as its new Chief Technology Officer (CTO) to oversee the development of its industry leading technology....

FICO UK Credit Market Report September 2021: Calm Before the Storm or Will Lockdown Stashes Save the Day?

Global analytics software provider FICO today released its analysis of UK card trends for September 2021 and the contrasting conditions that have been seen...

Stonebridge’s AI technology performs 800k checks in first six months

Stonebridge, the national mortgage and insurance network, has today announced its Check, Action & Resolve (CAR) system has surpassed over 800,000 checks...

Furlough fallout still impacting mortgage market – latest Knowledge Bank Tracker results reveal

New analysis from criteria search specialists, Knowledge Bank has found brokers are working with a significant number of borrowers who have recently started a...

New Country Manager for Atradius UK

Trade credit insurer Atradius has appointed Oliver Ford as Country Manager, heading up multinational business for the UK. Oliver returns to the Atradius UK...

UK finance leaders reveal their 2022 technology wish-list

Almost half (41%) of UK finance leaders say they are focusing on cloud computing and Software as-a-Service in 2022, as many are still working towards...

‘GDP rise keeps December rate hike alive’

‘The 0.6% month-on-month rise in GDP in September meant that GDP in Q3 rose by 1.3% q/q (consensus: 1.5%). That’s in line with the Bank of England’s...

Banking on fintech: how the ‘invisible’ population can be seen

Access to finance is a cornerstone of small businesses’ survival – and with 6 million SMEs in the UK supporting the backbone of the economy it is important...

Pink Pig Loans agrees £1m deal despite Land Registry obstacles

Pink Pig Loans, the specialist finance packager and distributor, has today announced it has secured a £1,080,000 bridging facility for a client who needed to...

Research reveals a third of businesses believe they can spot a forged ID

Almost a third (28%) of regulated firms in the UK claim that analysing hard copies of documents is the most reliable method for identifying fraud –...

Stock Management – Meeting the Used Car Affordability Challenge

Used car prices increased 2.9% on the month to September 2021, leading to a cumulative increase of 21.8% since April 2021 – Office for National Statistics...

BuildLoan launches a new range of self and custom build products with Furness Building Society

BuildLoan has launched eight new products for self and custom builders funded by the Furness Building Society. The new products replace the Society’s...

Chris Williamson joins Atradius strategic accounts team

Trade credit insurer Atradius has promoted Chris Williamson to senior account manager within its Cardiff-based strategic accounts team. Chris returns to Wales...

Credit score fintech TotallyMoney raises £9m to support next phase of growth

TotallyMoney, the free credit score service and personal finance app, can today announce additional funds of £9 million raised through existing investors in...

Open Banking Falling Short of its Promise: Key Aspects Hindering Progress of Smooth Transactions and Robust Payments Ecosystem

In January 2018, the Payment Services Directive 2 (PSD2) was introduced, paving the way for Open Banking: a new initiative, enabling third-party access to...

Landbay joins F4B Network’s lending panel

The F4B Network has partnered with Landbay to bolster its lending panel. This partnership will provide F4B Network members with access to Landbay’s extensive...

Two in three landlords report pandemic will have little effect on their business, says Foundation Home Loans research

Despite self-employed landlords being hardest hit by the pandemic, only 1% expect to lose their business as a result of Covid-19, according to new research for...

IdentityChecker launches biometric facial ID checks

IdentityChecker, the identification and anti-money laundering check service, has launched biometric facial ID checks. The system removes the need for customers...

ONS Fraud Figures Remain Alarmingly High Post-Lockdown

“The latest quarterly figures from the Office for National Statistics confirm that digital fraud levels remain alarmingly high, meaning cyber threats will...

The ‘Will they? Won’t they?’ question has been answered, at least for now – Comment on the Monetary Policy Committee minutes

Following the announcement from the Bank of England today, Richard Pike, Phoebus Software sales and marketing director, says: “Now we know the result of this...

Landbay launches BTL Limited Edition Remortgage range

Specialist buy-to-let-lender Landbay has launched a brand new suite of five-year fixed rate remortgage products for loans between £250,000 and £500,000. As...

Fleet Mortgages back into buy-to-let market with 80% LTV options

Fleet Mortgages, the buy-to-let specialist lender, has today announced it is back to offering 80% LTV buy-to-let products across two of its three core areas of...

Zopa appoints ex Capital One risk veteran as new Chief Risk Officer

Digital bank Zopa has appointed Graham Robinson as its new Chief Risk Officer. Graham joins Zopa as it completes its successful first year as a digital bank...

Build-to-rent poised for post-pandemic boom

Analysis by Manor Interiors, the expert in build-to-rent furnishing solutions, reveals that the UK build-to-rent sector is gathering steam despite pandemic...

Why you should be checking the worthiness of your customers

According to HMRC, the number of companies registered as insolvent in September was 1,446 – this figure is 56% higher than the same month in 2020, yet 4%...

BuildLoan and Bath Building Society launch a new range of self-build mortgages

BuildLoan announces a new range of self and custom build mortgage products in conjunction with Bath Building Society. The four new products replace the...

Confidence falls marginally as businesses brace for winter

Following two extremely positive quarters the Savanta Business Confidence Index shows a small fall in business confidence this quarter – though the change is...

Nearly two-thirds of self-employed say it’s significantly more difficult to secure a mortgage

According to research by Foundation Home Loans, the intermediary-only specialist lender, almost two-thirds of self-employed individuals believe it is more...

TransUnion Wins Best Partnership of the Year with NatWest at The National Credit Awards

TransUnion, a global information and insights provider and one of the UK’s leading credit reference agencies, has won Best Partnership of the Year at the...

Customer survey reveals high satisfaction levels

Customer satisfaction with LendingMetrics’ multi-award-winning technology has hit a new high, according to a new client survey. Clients of the company behind...

Clydesdale Bank added to Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Clydesdale Bank to its lender panel. From today, Paradigm member firms will be...

Close Brothers Motor Finance announces partnership with Experian to unlock new data in customer finance applications

Close Brothers Motor Finance today announces the launch of a new underwriting platform, in partnership with Experian, to transform customer onboarding...

Large companies least likely to engage with data protection and privacy regulations

Research by The DPO Centre reveals that senior leaders in large organisations are less likely to understand the impact of privacy and data protection...

SmartSearch enhances international business reports

Leading anti-money laundering specialist SmartSearch has enhanced its industry-leading international business reports service, with the addition of 97 new...

New research reveals the countries across the globe that are the most (and least) at risk of cybercrime threats – and it’s good news for the UK.

The digital revolution has opened up a world of risk. With everyone just a click away, it has never been easier for criminals to find unsuspecting victims. To...

Comments on the Bank of England Money and Credit Figures

“The property market has been a hive of activity since the stamp duty holiday was introduced last year, and September was the last hurrah for house movers...

Comment on the BoE money and credit figures for September

Following the Bank of England stats this morning, Richard Pike, Phoebus Software sales and marketing director, says “In a week when the Chancellor chose to...

Comment: Autumn Budget 2021

“While it’s promising that growth has overall been stronger than was predicted at the March Budget – with GDP rising cumulatively by over 4% in the first...

UK Budget: Comment on Emergency Business Support Write Off

Following today’s UK budget announcement, Phil McGilvray, Managing Director of Debt Services at Equifax UK, commented: “There may have been an absence of...

FLA welcomes extension of Recovery Loan Scheme

Commenting on the announcement in today’s Budget that the Chancellor will extend the Recovery Loan Scheme (RLS) until June 2022, Simon Goldie, Director of...

SME builders on the verge of extinction as numbers plummet 80% since the late 80s

The latest research from the real estate debt advisory specialists, Sirius Property Finance, has revealed why recently introduced government measures to help...

Paradigm add SBI UK to lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added specialist buy-to-let lender, SBI UK, to its lender panel. From today, Paradigm...

Connected Data secures £600k in an investment round led by EMBA Investors Ltd

East Midlands based venture, Connected Data, has secured private equity funding thanks to an investment round led by EMBA Investors Ltd (previously East...

3.2 million young adults now consider themselves vulnerable

Younger Brits in the UK, aged 16 to 24 year olds, are among those most likely to now consider themselves vulnerable – 48%, compared to 34% of all Brits,...

Code First Girls graduates join Experian to tackle financial exclusion

Four Code First Girls graduates have joined Experian to play an important role in developing its United for Financial Health projects in Italy and South...

Fleet Mortgages launches first full product range funded by Starling Bank

Fleet Mortgages, the buy-to-let specialist lender, has today launched its first full buy-to-let product range funded by its new parent, Starling Bank. Covering...

In a ‘wildly imbalanced recovery’ – credit access must reflect consumers’ circumstances

The UK economy is evolving rapidly as the UK adapts to what the Institute for Fiscal Studies (IFS) recently noted is a ‘sharp – but incomplete and wildly...

Risilience, a new company that commercialises research from the Centre for Risk Studies at Cambridge Judge Business School, is launched with a £6 million Series A investment.

University of Cambridge Judge Business School and a group of international investors today (21 October) announced the launch of Risilience, a new commercial...

Monthly government property transactions: Residential transactions will dip further next month and beyond, says RSM

‘As expected, there was a significant increase in property transactions in September rising by 67% from the levels in August as people rushed to take...

Fair Finance Partners with 4most to Enhance Risk Assessment and Improve Credit Decision Process for Customers

The UK’s largest risk analytics consultancy, 4most, has partnered with financial services provider, Fair Finance, to deliver a more automated approach to...

Vanquis launches new personal loan range to the open market

Vanquis Bank, part of the Provident Financial Group (PFG), has today announced it’s expanding its product offering by introducing a range of new personal...

Sprout Mortgage unveils another innovative tool to automate loan approval process

Sprout Mortgage is strengthening its robust line of automation tools for a fully digital mortgage experience with the release of its third originator-focused...

Creditspring launches new credit builder product to support millions of near-prime borrowers across UK

Subscription loan provider, Creditspring, launches Step, a new credit builder product that helps members gradually improve their credit score without running...

Credit Kudos launches Open Banking credit score to allow lenders to increase acceptances and reduce defaults

Credit Kudos, the Open Banking credit reference agency, has launched Signal, a highly accurate, explainable Open Banking credit score to help lenders serve...

Insolvency spike on the cards for construction sector

Insolvencies in the construction sector could rise as much as 25% in the next six months despite a rebound in orders, reports trade credit insurer Atradius. In...

FCA issues warning to businesses over hybrid working risks

The Financial Conduct Authority (FCA) has issued new guidance to companies operating a remote or hybrid working model. The new directive states that firms will...

Experian partners with Auto Trader to drive change in digital car-buying journey

Car dealerships and brokers will get the broadest and most insightful view of a potential customers’ affordability, thanks to a new partnership between...

One Month from End of Furloughs, Financial Confidence Remains Strong

Global analytics software provider FICO today released its analysis of UK card trends for August 2021. The summer holidays and a continued reliance on pandemic...

Second charge mortgage new business volumes grew by 103% in August 2021

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

AML specialists analyse the common ways to launder money and how to spot them

Money laundering costs the British economy roughly £37 billion each year1 and is a significant issue across the world. Its prevalence is largely due to the...

Newly self-employed borrowers rush to take advantage of relaxed criteria – latest Knowledge Bank Tracker results reveal

Brokers are working with a significant number of self-employed borrowers with just one year’s worth of accounts, new research from criteria search specialist...

TransUnion Invests in Monevo To Serve the Personal Credit Market

TransUnion, a global insights and information company, today announced its investment in UK-based fintech Monevo – a personal credit platform and API...

LendingMetrics’ ADP and Credit Kudos integrations enhanced

Finance providers are now able to use LendingMetrics’ Auto Decision Platform to call Credit Kudos data for use with assisted decisioning. Thanks to an...

CIPS/ PMI comment: Construction still significantly hampered by shortages

Following the latest CIPS PMI figures which found that a severe loss of momentum for the construction sector as labour shortages and the supply chain crisis...

Two FICO Leaders Win at Women in Credit Awards 2021

Two leaders at global analytics leader FICO have been honored for outstanding efforts in the Women in Credit Awards 2021, sponsored by Credit Strategy. The...

Pandora Papers leak shines spotlight on property markets AML weaknesses

Following the Pandora Papers leak, and the BBC uncovering that more than 1,500 UK properties have been bought using offshore firms, John Dobson, CEO of...

AmTrust launches MGA, Qualis Credit Risk

Earlier this year AmTrust International (AI), the UK and International arm of New York-based AmTrust Financial Services, Inc., created a new specialist...

TransUnion Wins Credit Information Partner of the Year in the Consumer Credit Awards

TransUnion, a global information and insights provider and one of the UK’s leading credit reference agencies, has been named Credit Information Partner of...

Euler Hermes and BPL Golbal’s digital first for CPRI market

Broker BPL Global and trade credit underwriter Euler Hermes have collaborated to develop the first-ever API-based digital broker-underwriter integration in the...

Rental demand climbs by 10% in Q3 across the UK’s major cities

Research by estate and lettings agent, Barrows and Forrester, has revealed that rental demand has continued to climb across the vast majority of major UK...

Call for Best Advanced Analytics Achievements of the Year

Companies that are achieving outstanding success using analytics and decision management solutions from FICO are invited to submit nominations for the 2022...

Asset risk management software innovators Luminosity joins Sopra Banking Software

Sopra Banking Software, a global leader in banking and specialised financing software, is delighted to announce that it has acquired Dublin-based Luminosity...

Consumer Borrowing Rises in August but Full Recovery Will Take Time

“The latest figures from the Bank of England point to volatility in the consumer recovery from the pandemic, with growth below historical levels, and this is...

The ICO reports a 60% surge in nuisance calls, texts and emails

The average number of nuisance calls, texts and emails reported to the Information Commissioner’s Office (ICO), has risen from 8,680 per month in 2020, to an...

Percayso Inform teams up with Vulnerability Registration Service to help insurance providers treat vulnerable customers fairly

Insurance data intelligence provider, Percayso Inform, is proud to announce that it has partnered with the Vulnerability Registration Service (VRS) to be able...

Organisations have continued to chase vulnerable people for missed payments, survey reveals

45% of vulnerable adults in the UK have experienced mental distress after being chased by organisations for missed payments or debt. This is according to...

Half of UK regulated firms report rise in financial crime

Almost half (48%) of regulated firms in the UK reported seeing a rise in financial crime attempts in the past 12 months, with a further 26% confirming they...

Hope Capital launches new development exit finance product

Specialist short-term lender, Hope Capital, has launched a brand-new product for residential development exit, offering up to 80% LTV. This development exit...

Paradigm add United Trust Bank to lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added United Trust Bank (UTB) to its lender panel. From today, Paradigm members will...

TML increases maximum loans and removes LTV’s for BTL portfolios

The Mortgage Lender has increased its maximum loan amount for multi-unit blocks (MUB) and new build, and removed the loan to value restrictions on aggregate...

Comment: Losses to APP fraud increased by 71% during H1 2021

Losses to APP fraud increased by 71% during the first half of 2021, surpassing the amount stolen through card fraud, according to UK Finance’s 2021 Half Year...

Acuity Knowledge Partners Launches Retail and Consumer Lending Services for Banks

Acuity Knowledge Partners (Acuity) – a leading provider of bespoke research, analytics and technology solutions to the financial services sector – today...

Fraudsters persuade us to hand over £350 million, as one particular type of fraud booms 71%

Fraudsters stole £753.9 million in the first half of this year, up 30% from the same period a year earlier. There was a boom in push payment fraud – up 71%...

United Trust Bank expands its ‘Fast-Track’ bridging criteria with larger loans and higher LTVs

United Trust Bank (UTB) has expanded the criteria for its award winning Fast Track bridging service following a very successful first six months. UTB’s...

Castle Trust Bank added to Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Castle Trust Bank to its lender panel. From today, Paradigm members will secure...

4most Reflects on Most Significant Changes in Credit Risk over the Last 10 Years

The UK’s largest risk analytics consultancy, 4most, is celebrating 10 years in credit risk analytics this month. Working with many of the UK’s mainstream...

Hodge sees RIO mortgage applications increase by more than a third

Hodge has seen a 36% increase in the number of RIO mortgage applications in 2021, compared with last year. The total value of RIO mortgages with Hodge has also...

Property sales accelerate again: July was a temporary pause and not a full stop

Property sales rose to 106,150 in August – up 28% from July (not seasonally adjusted). This is 24.8% higher than a year earlier. Sales had dropped over two...

UK Businesses Fear Increased Risk of Data Breach as a Result of Hybrid Working

More than eight in 10 (83%) UK businesses say hybrid working increases the risk of a data breach, yet over a fifth (22%) remain unprepared if it happens,...

CHL Mortgages reduces rates across entire buy-to-let product range

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has reduced rates across its entire product range catering for individuals, limited...

Economic downgrade and analysis of key industries in Indonesia

Agriculture, chemicals and ICT are the amongst the most resilient industries in Indonesia despite a downgrade to economic recovery, reports trade credit...

Consumer eligibility for credit increases as restrictions ease

The latest insights from Experian suggest that consumers have a better chance of finding a pre-approved credit card or loan than they did at the start of this...

Specialist lender posts £149.7m profit as lending returns to pre-pandemic levels

Financial services firm Together has announced its return to pre-pandemic lending levels as it reveals it full year results. The group, which provides secured...

UK inflation surges to 3.2%

In light of today’s news that inflation rose to 3.2% last month up from 2% in July – its largest ever increase, according to data from the ONS –...

TML tops residential charts and offers self-employed a mortgage lifeline

The Mortgage Lender has unveiled market-leading two and five-year residential fixed rates and overhauled its criteria to help self-employed borrowers hit by...

PSD2 anniversary – what’s next for open banking?

Today marks two years since the PSD2 and strong customer authentication requirement (SCA) came into full force. But with recent research finding almost half...

SmartSearch warns firms at risk if faced by new lockdown

Leading UK anti-money laundering specialist SmartSearch has warned businesses are at risk of being caught out by a potential winter lockdown, as media reports...

Volume of prime borrowers completing second-charge mortgages continues to rise

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

Claims chasing: the beginning of the end?

There can’t be many industries that have been as badly impacted by claims chasing as financial services. The total cost of PPI mis-selling is reckoned to be...

Second charge mortgage new business volumes grew by 149% in July 2021

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

FICO and msg Partner to Help European, African and Middle East Businesses Meet Changing Financial Crime Regulations

Global analytics software provider FICO announced today a partnership agreement with international consulting and IT company msg group to support and resell...

Together announces pricing of £318m RMBS to fund new mortgage lending

Specialist lender Together has announced the pricing of its first ever residential mortgage backed securitisation (RMBS) consisting only of first-charge loans...

Experian and Open Banking Reporting collaboration to help commercial lenders support businesses in post-lockdown recovery

Experian has partnered with Open Banking Reporting (OBR), a data-driven risk management fintech, to enable UK lenders to provide crucial business support as...

Borrowers stretching mortgages into retirement – latest Knowledge Bank Tracker results reveal

New research from criteria search specialist, Knowledge Bank shows a number of borrowers may end up paying their mortgage into retirement as rising house...

Encompass Corporation appoints Nicola Pickering to lead growth of global customer-focused teams

Encompass Corporation, the provider of intelligently automated Know Your Customer (KYC) solutions, today announces the appointment of Nicola Pickering as VP...

Enra launches new technology platform to serve multi-product customer journey

Enra Specialist Finance, one of the UK’s largest non-bank lenders, has launched a new underwriting and case management system for its bridging finance...

Euler Hermes announces two changes in their Regional Management teams

Euler Hermes, the world’s leading trade credit insurer, announces two changes in their Regional Management teams. Milo Bogaerts, CEO of Euler Hermes Northern...

Zephyr Homeloans reduces rates across majority of mortgages

Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced rates across most of its mortgage products. The lender is offering...

Darlington adopts LendingMetrics’ ADP

Darlington Building Society implement a new assisted underwriting platform to speed up decisioning and support the lender’s focus on customer service. The...

TransUnion Appoints Shashant Agrawal as Director of Strategy and Planning in the UK

Global information and insights company TransUnion has appointed Shashant Agrawal to its UK executive team as director of strategy and planning, to identify...

Together successfully extends HABS warehouse facility

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

West One Loans announces product enhancements for BTL

West One Loans’ buy-to-let division has announced product and criteria changes as it continues to grow in response to strong demand in the market. Taking...

Foundation Home Loans releases full buy-to-let product refresh with many fees halved and rates cut across range

Foundation Home Loans, the intermediary-only specialist lender, has today announced a full re-release of its entire buy to let product range with fees reduced...

Moneybarn and Credit Kudos partner to modernise motor finance with Open Banking

Moneybarn, the UK’s leading lender of specialist car, van, and motorbike finance, has selected challenger credit reference agency, Credit Kudos, as its Open...

Fleet Mortgages announce fixed-rate price cuts

Fleet Mortgages, the buy-to-let specialist lender, has today announced a series of price cuts to its two- and five-year fixed-rate products across all three of...

Anti-money laundering fines surge as watchdogs impose tougher penalties

Following analysis by Kroll, the governance and risk consultancy, finding that authorities levied almost $1bn of anti-money laundering fines in the first-half...

UK’s self-employed fear mortgage misery

Self-employed people are pessimistic about their chances of securing a mortgage while four in ten say they have been forced to turn their backs on being their...

Dun & Bradstreet Launches Industry-First Open RevTech Platform in UK

Following its successful launch in North America, Dun & Bradstreet (NYSE:DNB), a leading global provider of business decisioning data and analytics, has...

F4B Network links with Precise Mortgages to bolster lending panel

The F4B Network has announced the formation of a link with Precise Mortgages to bolster its burgeoning lending panel. This panel addition will provide F4B...

CHL Mortgages announces criteria changes and joins Knowledge Bank

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has announced criteria changes to its specialist buy-to-let criteria whilst also confirming...

Finverity appoints Brett Downes as Chief Risk Officer

Finverity, the award-winning mid-market supply chain finance platform with a focus on emerging markets, today announces the appointment of Brett Downes as...

Atradius expects global economy to grow 6.2% in 2021

With vaccination campaigns ongoing, trade credit insurer Atradius reports the global economy is recovering fully from the major economic downturn in 2020...

SmartSearch launches new weapon in fight against global money laundering

Leading UK anti-money laundering specialist SmartSearch has launched a new weapon in the ongoing fight against dirty cash being cleaned around the world...

Fraudsters Shift Focus From Financial Services To Travel and Leisure Industry

As the prevalence of digital fraud attempts on businesses and consumers continues to rise, TransUnion’s newest quarterly analysis found that fraudsters are...

Financial institutions prime targets for cybercriminals: future attacks are ‘inevitable’

According to IBM, 23% of all cyber-attacks are directed at financial institutions, while the total cost of a single data breach is the second largest among all...

Inflation slows, but don’t get too comfortable: it’s set to hit the accelerator again

The Consumer Price Index measure of inflation fell to 2% in July (down from 2.5% in June). However, the Bank of England expects it to rise again and hit 4% by...

Lack of progress on reforms forcing leaseholders to gamble – says Cavendish Legal Group

The lack of progress on the much-anticipated government reforms of the UK’s leasehold system, is leaving thousands of homeowners in a potentially costly...

How to Address the Imbalance Sheet

Over the past year the UK corporates have been supported by a stream of government enforced initiatives designed to stabilise and support businesses during the...

Significant growth in number of portfolio landlords seeking to release equity as average value exceeds £2m

New research into landlord intentions has revealed a significant increase in the number who intend to release equity from their existing portfolios as the...

Selina Finance launches flexible 80% LTV second charge mortgage

Selina Finance has today launched a flexible second charge mortgage up to 80% LTV. The product has a headline rate of 5.70% with a maximum loan size of £1m...

Inflation indicators continue to point to global price pressures

The latest inflation indicators continue to point to global price pressures being more robust than expected, especially in the US. Victor Argonov Senior...

Smooth transition for Atradius following government scheme end

Leading trade credit insurer Atradius has confirmed a smooth transition for customers after the close of the Government Trade Credit Reinsurance Scheme. The...

SmartSearch calls on UK firms to scrap manual ID checks

Leading UK RegTech specialist SmartSearch has launched a new Electronic Verification Uncovered campaign, to raise awareness of the dangers of relying on...

Stamp duty holiday drives credit score engagement through the roof

UK, 10 August 2021: The stamp duty holiday helped drive higher engagement with credit scores, according to Experian. Mortgage applications were 31% higher...

Pandemic spurs banks’ AI adoption for AML, SAS study shows

A third of financial institutions are accelerating their AI and machine learning (ML) adoption for anti-money laundering (AML) technology in response to...

Encompass Corporation appoints KYC expert Michael Horsnell to growing team

Encompass Corporation, the provider of intelligently automated Know Your Customer (KYC) solutions, today announces the appointment of experienced financial...

Budgets being stretched as brokers search for maximum LTV – latest Knowledge Bank Tracker results reveal

New analysis from criteria search specialist, Knowledge Bank shows a significant number of people are stretching their financial limits as a result of...

Bank of England MPC decision – comment

“As Bank of England policymakers meet today, all eyes will be on inflation and the central bank’s quantitative easing timeline. While it is difficult to...

GBG launch new identity verification solution

GBG, the experts in digital identity, has launched RapID – an identity verification solution for small businesses. The solution has been specifically...

SmartSearch achieves record H1

Leading anti-money laundering specialist SmartSearch has achieved its best ever first half year results in 2021, following a surge in demand for its online ID...

UK receivables market outperforms US and Europe with lowest levels of fraud and business failure

EQ Riskfactor, the risk management specialist and part of EQ (Equiniti plc), today launches volume 2 of its global outlook report series – “Technology –...

Second charge mortgage new business volumes grew by 195% in June 2021

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

Over 2 in 3 believe lenders do not consider furlough status in mortgage applications

64% of Britons believe that lenders do not consider whether an applicant has received support from the furlough scheme in mortgage applications, reveals a new...

BoE Comment: Consumers borrowing hints at growing confidence, but we’re not out of the woods yet

Following the release of the BoE’s Money and Credit statistics this morning, which showed a second consecutive month of net positive consumer borrowing, and...

Hampshire Trust Bank joins Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Hampshire Trust Bank (HTB) to its lender panel. From today, Paradigm member...

Vitesse Selects Alessa by Tier 1 Financial Solutions to Enable Secure Real-Time Global Transactions

Alessa by Tier1 Financial Solutions, a leading provider of client relationship management (“CRM”), AML compliance and fraud prevention solutions, has been...

NewDay launches Bip the UK’s first digital only credit card

NewDay, a leading UK provider of accessible credit, has launched Bip – the first completely cardless consumer credit proposition in the UK. Bip has been...

Markedly Lower Year-On-Year Increase in Credit Card Spend Suggests Consumers Are Adjusting to ‘New Normal’

Global analytics software provider FICO today released its analysis of UK card trends for May 2021, which suggests that some consumers are practicing pragmatic...

CHL Mortgages cuts Buy-to-Let rates at 75% LTV

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has cut rates across its 75% LTV product range by up to 15bps. Five-year fixed rates now...

Experian findings show mortgage misunderstandings are extremely widespread

New research from Experian found that nearly two fifths (38%) of Brits said they were considering buying a new home within the next five years, rising to 66%...

Foundation Home Loans launches ‘No-fee’ 75% LTV Limited Edition Portfolio Landlord specials

Foundation Home Loans, the intermediary-only specialist lender, has today launched a set of ‘No-fee’ 75% LTV two-year fixed rate Limited Edition buy-to-let...

The Independent and Evening Standard partner with Experian to help future-proof advertising revenues

The publisher of The Independent and Evening Standard has teamed up with Experian to use a new industry-leading solution which will future-proof advertising...

Hodge ramps up Portfolio Buy-to-Let offering with higher LTV and new variable rate product

Hodge has today made some changes to its Portfolio Buy to Let (PBTL) loans, including increasing its maximum LTV to 75%, as well as increasing the LTV for...

LOQBOX & ClearScore launch world’s first app integration for the financially excluded

Financial exclusion impacts billions of people around the world, including younger people who are thin file* or new to credit. As the UK economy works hard to...

Insurers Urged To Re-Examine Risk Models as COVID-19 Complicates Lending Picture

Economic uncertainty means judging credit risk is more complex than ever for insurers – with TransUnion’s Consumer Pulse study showing that nearly half...

The Council’s confirmed status as a charitable organisation further supports its efforts to bolster the UK cyber security community

The UK Cyber Security Council – the self-regulatory body for the cyber security education and skills sector – today announced that its application for...

Landbay reduces rates on core product range

Landbay has reduced the rates on its core product range by up to 0.24%, making its range of buy-to-let mortgages even more competitive. In addition, Landbay...

OMS in tech partnership agreement with Y3S

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been adopted by Y3S to work alongside its...

Fleet Mortgages’ Q2 2021 Rental Barometer shows steady rental yield figures for second quarter running

Fleet Mortgages, the buy-to-let specialist lender, has today launched the sixth iteration of its Buy-to-Let Rental Barometer covering Q2 2021 rental yields...

Knowledge Bank launches industry-first product transfer tracker

Knowledge Bank has enhanced its industry leading criteria search system with the addition of a revolutionary product transfer feature. The latest development...

European trading reports published by Atradius

Trade credit insurer Atradius has published three country reports for businesses exporting to Europe. The France, Italy and Germany reports detail the economic...

Knowledge Bank launches industry-first product transfer tracker

Knowledge Bank has enhanced its industry leading criteria search system with the addition of a revolutionary product transfer feature. The latest development...

Comment: FCA letter highlights banks “outdated” and “unreliable” AML defences

Following the FCA issuing a warning letter to banks over anti-money laundering failings, we have the following comment from AML experts, SmartSearch. Martin...

New appointment at Atradius’ Northern Hub

Trade credit insurer Atradius has bolstered its regional presence with a new UK north manager. Alastair Divers has been appointed to the role of account...

F4B Network adds Metro Bank to lending panel

The F4B Network has announced the addition of Metro Bank to its lending panel. This panel addition will provide F4B Network members with access to Metro...

Air Group launch product relationship with free2

Air Group, the leading later life services platform, has today launched a new product relationship with free2, the over-55s credit broker. Adviser members of...

Together Financial Services Limited – Trading Update and Notice of Full Year Results

Together Financial Services Limited (‘Together’), one of the UK’s leading specialist mortgage and secured loan providers, today provides a...

New senior underwriter promotion at Atradius

Leading trade credit insurer Atradius has enhanced its underwriting team with a senior promotion. Ruby Hartery has been promoted to the position of senior...

SmartSearch calls on UK businesses to work with AMLA

Leading UK RegTech specialist SmartSearch has warned the UK could be left behind in the fight against money laundering and financial fraud, if it fails to...

Landbay introduces HMO range for first-time landlords

Landbay has launched two new buy-to-let mortgage products for first-time landlords who want to invest in houses in multiple occupation (HMO). Most lenders...

Fleet Mortgages cuts rates and adds two- and five-year fixed-rate 80% LTV products

Fleet Mortgages, the buy-to-let specialist lender, has today announced a series of rate cuts and new 80% LTV product options with two- and five-year deals for...

Fleet Mortgages cuts rates and adds two- and five-year fixed-rate 80% LTV products

Fleet Mortgages, the buy-to-let specialist lender, has today announced a series of rate cuts and new 80% LTV product options with two- and five-year deals for...

Poll reveals stark USMCA north-south divide

Differences in how governments have managed the pandemic may be behind contrasting results in this year’s Payment Practices Barometer survey. 81% of...

New starters come to the fore – latest Knowledge Bank Tracker results reveal

New research from criteria search specialist, Knowledge Bank shows brokers are, for the first time since the tracker started, searching for ‘time in current...

West One Loans’ joins Tenet Group’s lender panel

Tenet Group, a leading financial adviser network supporting independent financial advice, has added West One Loans’ buy-to-let division to its lender panel....

Elliptic Enables Leading Bank Silvergate to Automate KYC for Crypto Businesses

Elliptic today announced that Silvergate Bank, the leading provider of financial infrastructure solutions and services for the growing digital currency...

Survey Says: Risk management key to resiliency in 2021 and beyond

COVID-19’s disruption has stretched risk management infrastructures to the brink, forcing banks to recalibrate their data, models and processes for stress...

Creditspring hits key customer milestone as UK consumers seek support to manage finances

Creditspring, the FCA-regulated consumer credit provider, today announces that it has reached a milestone of 50,000 members since its launch in 2016. This is a...

IE HUB and Vulnerability Registration Service partner to ensure ongoing support for the vulnerable

IE Hub, an online income and expenditure portal aimed at helping the financially vulnerable take control of their finances, has partnered with the...

Foundation Home Loans launches 1.99% buy-to-let ‘Green’ mortgage to landlord purchasers

Foundation Home Loans, the intermediary-only specialist lender, has today opened up its Green mortgage products to landlords purchasing property. Foundation...

Atradius strengthen its “Non-Can” presence in key Brazil market

Atradius has announced the expansion of its services to the Brazil market with the appointment of Carolina Berardinelli as Senior Underwriter, Special...

Second charge mortgage new business volumes grew by 293% in May 2021

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

The Open Banking Fraud Conundrum

As adoption of Open Banking in the UK picks up speed – users in the UK have grown from one million in 2020 to three million this year[i] – the...

Comment: Inability to adapt hampering banks AML efforts

Following the EU’s banking watchdog expressing that banks’ dependence on ‘RegTech’ technology to automate fraud checks needs common rules to...

United Trust Bank combines new digital enhancements to deliver a 3-hour application to mortgage offer

United Trust Bank (UTB) has successfully combined its new Mortgage DIP and Auto-Underwrite technology with existing AVM and Biometric ID verification through...

Police seize £114m of cryptocurrency in money laundering sting – comments

Further to the news that Scotland Yard detectives last week raided a huge money laundering operation in London, seizing more than £100m in cryptocurrency,...

UK Cyber Security Council launches first two initiatives to help develop the profession

The new UK Cyber Security Council has instigated its first two initiatives, under its mandate from the Government to develop the cyber security profession. The...

Nationwide HPI shows 13.4% jump – the highest since 2004!

The latest Nationwide House Price Index shows house prices are up 13.4% annually, the highest rate of growth since 2014. Founder and CEO of GetAgent.co.uk,...

Property transactions tumbled -51% ahead of the original stamp duty deadline

Research by leading estate agent, Benham and Reeves, has revealed that while the anti-work from home movement has been building amongst homebuyers across major...

Reform on the agenda as South African economy rebounds

The pandemic has increased the urge for economic reform in South Africa, reports economists from trade credit insurer Atradius. The new South Africa Country...

Slovakia’s Top Bank Slovenská Sporiteľňa to Sharpen Lending Strategies with FICO AI-Powered Optimization

Slovenská sporiteľňa, the largest commercial bank in Slovakia, has chosen FICO® Decision Optimizer to increase profitability and improve portfolio...

Equifax UK hires new Managing Director for Debt Services business

Equifax UK has today announced the appointment of Phil McGilvray as the new Managing Director for its Debt Services business, which incorporates TDX Group and...

Foundation Home Loans launches new BTL Limited Edition five-year fix

Foundation Home Loans, the intermediary-only specialist lender, has today launched a new Limited Edition, remortgage-only five-year fixed buy-to-let product...

Will the 5G data explosion swamp European banking?

The comprehensive roll-out of 5G across the UK and the rest of Europe is due to be completed within the next five years. Many analysts, however, agree...

West One Loans launches BTL product enhancements

The buy-to-let division of West One Loans is continuing to grow at pace with yet more new products to meet increased demand in the market. The raft of new...

The University of Manchester launches MSc in Financial Crime and Compliance in Digital Societies in association with the International Compliance Association

The University of Manchester, in association with The International Compliance Association (ICA) – part of Wilmington plc, has launched an MSc in Financial...

United Trust Bank launches online mortgage DIPs and Auto-underwriting as it continues the Broker Summer Support Package 2021

United Trust Bank (UTB) has launched its new online Decision in Principle (DIP) and automatic-underwriting system to provide brokers with point of sale...

Suspected Financial Services Digital Fraud Attempts Rise 149% Globally as Prevalence of Digital Transactions Increase

As more consumers go online for banking and other financial transactions, new research from TransUnion has found that fraudsters are ramping up their efforts...

Prime borrowers continue to use seconds for home improvements, reveals Evolution Money Second Charge Mortgage Tracker

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

Landbay cuts large HMO and MUFB rates

Continuing its run of recent rate reductions, buy-to-let lender Landbay, has trimmed its large HMO and MUFB range, by up to 0.2%. Landbay’s criteria for...

SmartSearch warns against rushing AML to beat SDLT

Leading UK RegTech specialist SmartSearch has warned against the dangers of rushing through anti-money laundering checks, in a bid to beat the upcoming stamp...

Comment on the EU granting the UK data adequacy

The EU has finally granted the UK data adequacy, please find comment below from Rob Masson, CEO, The DPO Centre. If you would like further comment do let me...

Landbay launches new range of green mortgages incentivising energy efficient rental properties

Specialist buy-to-let lender, Landbay, has today launched its first green mortgage range. All green products offer a 0.1% or 0.05% reduction against their...

LSB issues warning to CRM Code signatories over Authorised Push Payment (APP) scams

The Lending Standards Board (LSB) has today published its latest report detailing findings regarding the implementation of a provision of the Contingent...

Switzerland’s PostFinance Selects FICO Falcon Platform to Protect Nearly 3 Million Debit Cards with AI

Analytics software firm FICO today announced that Switzerland’s PostFinance will protect nearly 3 million debit cards with the FICO® Falcon® Platform, the...

Equivo Invests in LexisNexis Visualfiles to Raise the Bar for Compassionate and Professional Debt Recovery Service

Equivo, the newly launched dedicated recoveries business by UK law firm, Shoosmiths LLP and the national collections, recoveries and enforcement business,...

4most Provides Credit Risk Support to BancorpSouth Bank as risks shift from the virus to pandemic recovery

Global risk analytics consultancy, 4most, has announced the provision of its USA CECL Economics Service to BancorpSouth Bank amidst the ongoing pandemic. The...

FICO UK Credit Market Report April 2021: End of Lockdown Increases Credit Card Spend 12 Percent

Global analytics software provider FICO today released its analysis of UK card trends for April 2021, which shows the impact of the opening up of hospitality...

Equifax UK updates credit risk scores to empower better lending decisions

Equifax UK has updated its flagship credit risk product, Risk Navigator 5, setting a new standard in powering better decision-making and improving consumer...

CHL Mortgages added to Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added returning buy-to-let lender, CHL Mortgages, to its panel. From today, Paradigm...

True Cost of Financial Crime Compliance Global Report

“Regulation technology will continue to play a significant role in the fight against financial crime, particularly as new legislation and regulatory guidance...

Brexit uncertainty impacts long term UK-EU trade levels

UK trade with the EU has declined at twice the rate as trade with the rest of the world, reports new economic research from trade credit insurer Atradius....

United Trust Bank begins offering Recovery Loan Scheme (RLS) facilities

United Trust Bank (UTB) has begun offering Recovery Loan Scheme (RLS) facilities of up to £10m, supporting access to finance for businesses as they recover...

TransUnion Unveils Enhanced Data Breach Support Service in the UK

TransUnion, a global insights and information company and one of the UK’s leading credit reference agencies, has enhanced its data breach support service for...

New VRS Aware Product Offered To Aryza Customers Enabling Ongoing Identification Of Vulnerable Customers

Having joined the Vulnerability Registration Service (VRS) back in April, Aryza is now offering all lenders using the Aryza Sentinel Loan Management system...

Pollen VC launches first live lending facility for app and game makers, enabling them to borrow 4x their monthly revenues

Fintech lender Pollen VC, a leading provider of credit facilities to app and game developers, has today expanded the amount developers can borrow to up to 4x...

Farewell to furlough – latest Knowledge Bank Tracker results reveal

New research from criteria search specialist, Knowledge Bank shows that ‘furloughed workers’ is no longer amongst the most-searched terms by brokers....

SmartSearch warns against risk of GDPR breaches

Leading anti-money laundering specialist SmartSearch has warned many businesses may be at risk of being in breach of GDPR rules, due to a lack of secure data...

Delivering car finance eligibility to the automotive market

Car buyers will now be able to get a clearer view of their financing options without affecting their credit score, thanks to a new partnership between Experian...

Climate change creates new humanity-saving opportunities for international businesses: New Atradius report

Climate change is raising the level of international country risks but offers a golden opportunity for businesses to make a positive step change, report...

Foundation Home Loans cuts rates on five-year BTL fixes and adds new 65% LTV Green Reward Remortgage for landlords

Foundation Home Loans, the intermediary-only specialist lender, has today made a number of rate reductions across its five-year fixed-rate mortgage range for...

Banks’ Identity Checks Have Pushed One in Four Brits to a Competitor

New data from FICO, the global analytics software provider, reveals the levels of consumer tolerance to new account opening security checks. With 23 percent of...

Second charge mortgage new business volumes grew by 176% in April 2021

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

Atradius report reveals new export opportunities in UAE

Economic diversification in the United Arab Emirates will create new trade opportunities for exporters, reports export expert Atradius. In its latest Country...

Euler Hermes announces Natixis as one of its first partners for sustainable investment product

Euler Hermes, the world leader in trade credit insurance, announces that Natixis is one of its first participating partners in its Green2Green Single Risk...

Mitek acquires ID R&D

Mitek (NASDAQ: MITK), a global leader in digital identity verification, today announced that it has acquired ID R&D, an award-winning provider of...

Latest fraud statistics reveal criminals are preying on new targets to launder illegal funds

Cifas and UK Finance are warning of the increasing number of middle-aged money mules and businesses being recruited to launder money. Traditionally, criminals...

Fleet Mortgages to lend to Limited Liability Partnerships

Fleet Mortgages, the buy-to-let specialist lender, has today announced it will now lend to limited liability partnerships (LLPs). The lender is offering a...

LendingMetrics partners with Experian

LendingMetrics is delighted to announce it is partnering with Experian Ltd to help facilitate the growth of its LMX data platform. LendingMetrics has enjoyed...

UK investor confidence boosted by vaccine rollout and lockdown easing

A new independent survey of 735 UK-based investors has revealed how the vaccine rollout and easing of lockdown restrictions is boosting optimism. It found: 41%...

Latest FICO Fraud Model Helps Identify 50% More Scam Transactions

Today, FICO, a global analytics software provider, announced the latest release of the FICO® Falcon® Fraud Manager model for Retail Banking, which leverages...

Comment: NatWest in court for money laundering failures suggests aggressive approach from FCA

Ahead of NatWest becoming the first bank to appear in court over money-laundering breaches, John Dobson, CEO at anti-money laundering experts, SmartSearch,...

Likelihood of securing credit has overtaken pre-pandemic levels

People’s likelihood of securing credit has overtaken pre-pandemic levels, according to Experian. The number of people who have a strong chance of being...

New Report from Corinium and FICO Finds that Lack of Urgency Around Responsible AI Use is Putting Most Companies at Risk

Today, FICO, a global analytics software firm, released its State of Responsible AI from market intelligence firm Corinium which found that despite the...

Euler Hermes announces key changes in their Board of Management and Regional Management teams

Euler Hermes, the world’s leading trade credit insurer, announces key changes in their Board of Management and Regional Management teams. While the Covid-19...