Fleet Mortgages cuts rates on all two- and five-year fixes

Fleet Mortgages, the buy-to-let specialist lender, has today announced reduced product rates across its entire range of two-year and five-year fixed-rate...

Experian announces Access Group partnership boosting employment and income coverage to 77%

Experian has today announced a new partnership with The Access Group that will allow even more UK employees to digitally share their payroll information to get...

NatWest signs deal with OneID to make new digital ID service available to businesses

NatWest Group is making its new Customer Attribute Sharing service available to businesses as an embedded digital ID solution after signing a deal with...

Second-charge mortgage Tracker shows homeowners looking for ways to pay off costlier debts, says Evolution Money

Evolution Money, the second-charge lending specialist, has today revealed the latest results from its quarterly data tracker, which reviews borrower types,...

LPE1 enquiries to benefit from standardised answers following update to Property Data Trust Framework

The Property Data Trust Framework, a set of open and free-to-use data standards developed collaboratively across the property industry by the Home Buying and...

Food supply chain late or failed payment claims up 79% as the sector faces ‘quadruple threat’

One of the UK’s largest trade credit insurers, Atradius, has reported a 79% increase in claims for late and failed payments in the food sector amid national...

Foundation Home Loans launches new Limited Edition BTL products

Foundation Home Loans, the intermediary-only specialist lender, has today announced the launch of two new Limited Edition buy-to-let products in its F1 tier...

Hodge adds Interest Only to its Professional Mortgage

Hodge has added interest only to its Professional Mortgage. It offers those with complex incomes, professional traineeships or in self-employment, such as...

Gen H added to Paradigm lender panel

Paradigm, the mortgage, protection and compliance services proposition, has today added fintech lender, Gen H, to its lender panel. From today, Paradigm member...

Spring Budget: Boost to supply side of economy with further tightening for BoE to consider

‘In theory, today’s Budget argues for a bit more tightening by the Bank of England (BoE) at next week’s meeting. Further support for businesses...

Spring budget provides no news on tackling high-borrowing costs impacting businesses and consumers

“The Chancellor’s ‘Back-to-Work’ budget looks to return the nation to business as usual after the upheaval of the Autumn budget last year, though many...

UK small businesses set to be excluded from anti-fraud legislation – comments from leading civil fraud lawyer

Further to the news that that Ministers are planning to exclude UK small businesses from upcoming anti-fraud legislation. Kate Gee, Counsel at Signature...

Moneyhub data reveals how the cost-of-living crisis is influencing consumer spending

Moneyhub, a market leading Open Finance, Open Data, and payments platform, has released new data which reveals how Britons’ spending habits are changing...

Unemployment rate unchanged at 3.7%

The latest figures released by the ONS this morning show that the UK’s unemployment rate has remained unchanged despite the tough economic landscape,...

89% surge in home seller activity as negative impact of September’s mini budget is reversed

Research from estate and lettings agent, Barrows and Forrester, has revealed that home sellers have been returning the market in force so far in 2023, with the...

Almost half of landlords remain positive on business prospects and economy

Despite the challenges facing the sector, almost half of landlords (46%) remain positive about the future prospects of their buy-to-let business and...

Economic uncertainty keeps four in five small business owners awake at night

Small business concerns over economic uncertainty have sky-rocketed over the last 12 months by almost 50%, according to new research from Novuna Business...

January sales boost consumer credit at start of 2023

The FLA today released its January update on the consumer credit market which showed modest growth overall but a strong start to the year for the retail and...

Second charge mortgage new business volumes grew by 8% in January 2023

Commenting on the latest new business figures for the second charge mortgage market, Geraldine Kilkelly, Director of Research and Chief Economist at the...

Experian testing pilot service that could help new arrivals to the UK build a credit file in just three months

Experian today announced plans to pilot a new service that could help millions of financially excluded people get better access to mainstream financial...

Foundation Home Loans cuts owner-occupier special rates and reintroduces 80% LTV products

Foundation Home Loans, the intermediary-only specialist lender, has today announced further price reductions across its owner-occupier special products and the...

Yapily and Zilch Strike Groundbreaking Partnership to Bring Affordable Credit Solutions to Millions

Open banking platform Yapily and payments technology company Zilch have agreed a groundbreaking partnership that will provide millions of people with better...

Creditinfo partners with VisionFund International to provide analytics and automation solutions

Creditinfo Group, the leading global service provider for credit information and risk management solutions, today announces a multi-market partnership with...

MorganAsh brings new upgrades to MARS vulnerability tool ready for Consumer Duty

With just a few months to go until Consumer Duty comes into force, MorganAsh has announced a raft of new upgrades to its vulnerability tool for advisers. The...

Hodge cuts rates across its mortgage range for the third time in three months

Hodge has made a third rate drop across its range of mortgage products since the start of 2023. Rates on its RIO, 50+ and holiday let mortgages have dropped by...

Ramp Growth secures £4m in seed funding to transform company forecasting

Ramp Growth, the forecasting analytics startup, has closed a £4m seed round led by Albion Capital and Eurazeo. Ramp Growth solves the issue of poor revenue...

Blair and Hague blasted for dangerous digital ID proposal

Digital identity specialists, ID Crypt Global, have labelled plans to provide the nation with a single universal identity as extremely dangerous, as they...

Eyes down – Remember to Take Five! Fraud risk to over-65s is revealed as Scam Bingo game launches

Research conducted for UK Finance’s Take Five to Stop Fraud campaign shows that 87 per cent of over-65s say they are confident about spotting the signs of...

First-time buyers left high and dry by Help to Buy as cost of missing final deadline revealed

Research by the Gradual Homeownership provider, Wayhome, has revealed that first-time buyers in danger of missing the final Help to Buy completion deadline of...

Mansfield Building Society selects Protecht.ERM for an actionable view of risk and resilience

Protecht, a leader in risk and resilience software, today announced that Mansfield Building Society has selected its ERM Marketplace solution to digitalise and...

Comentis launches vulnerability assessment for consumer finance industry

Clinical reg tech provider, Comentis, today announces the launch of its new customer vulnerability assessment for lenders and brokers working in consumer...

Hanley Economic BS launches fixed rate trio

Hanley Economic Building Society has launched a trio of fixed rate products up to 95% LTV. The first product is a two-year fee-free fixed rate mortgage...

Over half of Brits have been targeted by fraud

With millions of Brits being affected by the current energy crisis and rising food costs, fraud is increasing across the UK. In fact, Citizens Advice reported...

Hodge sees a near 16% YOY jump in number of people using 50+ mortgage for debt consolidation

New data from specialist lender Hodge shows a significant increase in the number of its 50+ customers taking out a mortgage for debt consolidation in January...

Just Mortgages partners with BNI to offer brokers new business networking opportunities

Leading national broker firm Just Mortgages has entered into a strategic partnership with BNI, one of the world’s most established business networking groups...

Allianz Trade to acquire remaining stake in Cosec from Banco BPI and renew a distribution agreement

Allianz Trade, the world leader in trade credit insurance, is to acquire a 50% stake in Cosec, the Portuguese leader in trade credit insurance, from Banco BPI,...

Zephyr Homeloans announces reductions across its five-year fixed-rate mortgage product range

Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced reductions of 30 basis points (bps) across its five-year fixed-rate mortgage...

New Research Finds Legal Filings Drained American Businesses of Over $54 Billion in 2022

Allentown, PA – 2022 was a rough year for American businesses, plagued by inflation uncertainty, supply chain disruptions, higher operating costs and labor...

TransUnion Launches New Open Banking for Gaming Solution

Global information and insights provider, TransUnion, is leading the way in the gaming sector by unveiling its new Open Banking for Gaming solution. With a...

Creditinfo hires Jakub Žalio as Director of Global Technology and Solutions

Creditinfo Group, a global service provider for credit information and risk management solutions, today announces the appointment of Jakub Žalio as its new...

How understanding vulnerability data could help resolve Life cover challenges

A recent report by Swiss Re “Life Cover Payouts – under the microscope” revealed some challenges for new and existing life policies. An increased...

Pandemic property party over for first-time buyers as numbers slide -10.6% in a year

Research by the Gradual Homeownership provider, Wayhome, has revealed that while the pandemic market boom saw a record increase in the number of first-time...

Pandemic property party over for first-time buyers as numbers slide -10.6% in a year

Research by the Gradual Homeownership provider, Wayhome, has revealed that while the pandemic market boom saw a record increase in the number of first-time...

67% of UK property professionals support DITF introduction to the sales sector

A survey of UK property professionals, commissioned by leading identity verification provider Credas Technologies, has revealed that 69% support government...

Fleet Mortgages bring two-year fixes back to market and add new range of five-year fixes

Fleet Mortgages, the buy-to-let specialist lender, has today brought back its range of two-year fixed-rate products for landlord borrowers, as well as...

OECD GDP growth still weak at 0.3% in the fourth quarter of 2022

Gross domestic product (GDP) in the OECD rose by 0.3% quarter-on-quarter in the fourth quarter of 2022, down from 0.4% growth in the previous quarter,...

Housing transactions – comment

Following the announcement from HMRC today that the seasonally adjusted estimate of the number of UK residential transactions in December 2022 is 101,920, 1%...

FLA Members provided £148 billion of new business in 2022

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

FICO UK Credit Card Market Report: December 2022

Clear evidence of the impact of inflation on household spending is revealed in FICO’s latest report of UK card trends, for December 2022. While retail sales...

Agenda-setting campaign exposes AML loopholes

SmartSearch, the UK’s leading provider of digital compliance, has published an agenda-setting whitepaper to highlight the anti-money laundering shortcomings...

LiveMore launches its first 2-year fixed rate mortgage

LiveMore has expanded its product range to include a 2-year fixed rate mortgage available on its Retirement Interest Only Mortgage as well as its Fixed Term...

Lowest February house price rise on record: Rightmove

Average asking prices were up just £14 between January and February – to £362,452 Over the year, asking prices are up 3.9% – down from 6.3% a...

Second charge mortgage new business volumes fell by 3% in December 2022

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

Foundation Home Loans cuts buy-to-let and owner occupier rates and introduces new discount products

Foundation Home Loans, the intermediary-only specialist lender, has today announced further price reductions across its owner-occupier and buy-to-let product...

Real wage growth at -4.2% across the UK

The latest research by tax specialists, RIFT Tax Refunds, has revealed that real wage growth currently sits at 4.2% across the UK, with just four other G10...

EY comments on ONS retail sales for Jan

“Although retail sales volumes marginally increased by 0.5% month-on-month in January, largely due to promotional activity, when looking at the bigger...

One in three small businesses will struggle after March, when the energy price cap ends

New analysis reveals that a third of small businesses may not have enough cash to cover their costs when the government’s energy price cap ends on March...

Majority of landlords plan to increase rent when remortgaging

Almost seven in ten (68%) landlords plan to raise rents if their mortgage rate goes up when they come to remortgage, new data from the Landbay quarterly survey...

Hodge reduces rates on its Professional Mortgage again

Hodge has today reduced rates across its 2-year fixed Professional Mortgage products. The specialist lender first launched its Professional Mortgage product in...

Building society borrowing back in vogue as gross lending climbs 39% since the pandemic

The latest market analysis by specialist property lending experts, Octane Capital, has revealed that building societies seem to be back in vogue amongst UK...

Property investors drive bridging loan activity, but chain-breaks remain a significant factor behind borrowing

The latest market analysis by bridging finance specialists, Apex Bridging, has shown that the total sums lent via bridging loans dipped by -22.5% during the...

Hope Capital roll out two new products

Specialist short-term lender, Hope Capital has officially launched two brand-new products, Bridge 2 Let and Term 2 Rent. The Bridge 2 Let product targets...

ONS GDP economist reaction

Following the ONS GDP figures, published today, Tommaso Aquilante, Associate Director of Economic Research at Dun and Bradstreet said: “Growing by 4%, the UK...

UK Economy avoids a recession in 2022 by the thinnest of margins

GDP falls 0.5% in December. This follows GDP growth of 0.1% in November. Q4 GDP was flat, UK avoids recession for 2022. Cold weather and the postponement of...

Credit card rates dip; personal loans keep rising

Total credit card borrowing dropped in December as consumers repaid £0.5 billion of net credit card debt and this perhaps drove a more competitive pricing...

Tandem Bank joins Knowledge Bank

Tandem Bank today became the latest lender to announce it is live on the Knowledge Bank system, making its criteria available on the UK’s biggest criteria...

A third of households to demonstrate financial resilience in 2023

Some 10 million households will demonstrate financial resilience this year, with spending power concentrated in London, the South-East and city locations...

Landlords showing “resilience” as majority do not intend to sell any properties

Seven out of 10 buy-to-let landlords do not intend to sell any of their properties in the next 12 months, latest data from the Landbay quarterly survey has...

TransUnion UK appoints Neil Bentley as General Counsel

Global information and insights provider TransUnion has appointed Neil Bentley as general counsel in the UK, leading legal, risk and compliance, as part of the...

The most sought after nations for fake identity documents revealed as average cost comes in at £1,500

The latest research by digital identity specialists, ID Crypt Global, has revealed the alarming ease at which a fake ID can be acquired, as well as the cost of...

Code regulator ramps up requirements to stop scams

The Lending Standards Board (LSB) has stepped in and made further updates to the Contingent Reimbursement Model Code (CRM Code) in a bid to stamp out...

Commentary on business landing drop

Given the expectation of a 3.8% contraction in bank-to-business lending this year, one of the steepest declines in recent history, Tim Vine, Head of...

Foundation Home Loans announce price reductions on owner-occupied and buy-to-let specials

Foundation Home Loans, the intermediary-only specialist lender, has today announced price reductions on its owner-occupier and buy-to-let mortgage products. In...

Construction sector boomed by 18% in 2022 with further growth predicted this year

Analysis by peer to peer real estate investment platform, easyMoney, has shown that at £97.6bn (2022) the UK construction sector is by far the largest in...

Experian partners with Zopa Bank

Experian Boost data will now be included in Zopa Bank’s credit card decisioning process – giving customers better rates and offering them reduced APR for a...

Freedom Finance adds 22 products to digital lending marketplace

Freedom Finance, one of the UK’s leading digital lending marketplaces, is delighted to announce the continued development of its platform with more products...

PSR responds to TSC’s report on APP scams reimbursement

We have been consulting on proposals to make reimbursement of APP scams mandatory and have received a wide range of views from industry, consumer groups and...

PIMFA calls for Financial Conduct Authority to have greater role in protecting public from fraud

PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, welcomes the news today that...

Bank plays it safe, but things are looking up

Rates rise 0.5% to 4.0%. The MPC voted 7-2 in favour of the rise, with 2 members voting in favour of keeping rates at 3.5%. Market expects rates to peak at...

UK Interest Rates have risen to 4%

This morning, the Bank of England has announced that they will be raising the UK’s interest rates to 4%, Tommaso Aquilante, Associate Director of Economic...

Will the headlines knock confidence further? – Comment on the interest rate rise from the Bank of England

Commenting on the latest MPC’s decision to raise the BoE base rate to 4%, Adam Oldfield, chief revenue officer at Phoebus Software, says “Today’s...

MPC comment from John Phillips at Just Mortgages

Following the Bank of England’s decision to raise interest rates for a tenth successive time from 3.5% to 4%, we have a comment from national broker firm,...

Fleet Mortgages cuts rates on all seven-year fixes

Fleet Mortgages, the buy-to-let specialist lender, has today announced price cuts on all its seven-year fixed-rate products. Priced in line with recent swap...

Freedom Finance deepens partnership with lender Koyo

Freedom Finance, one of the UK’s leading digital marketplaces, is delighted to announce that it has extended its relationship with Koyo – a key partner...

TransUnion Announces Investment in Bud to Drive Innovation and Growth in Open Banking

TransUnion, a global insights and information company, has announced a strategic investment in Bud Financial Limited (Bud), a leader in Open Banking and data...

Hodge launches Mixed Use product for experienced property investors

Hodge has launched a new Mixed Use Finance product to support experienced commercial investors wanting to buy property where the majority is residential but...

Four AI Predictions for 2023: From the Great Correction to Practical AI

There’s no way to sugarcoat it: 2022 was a rough year for businesses. Tech companies are now learning to solve for new challenges, their once limitless...

Commentary on Bank of England Money and Credit announcement

“With the UK economy steering ever closer to a recession, you’d be forgiven for thinking that consumer borrowing would follow the downward trend, however,...

Rates fall on Landbay’s HMO/MUFB range by up to 60bps

Landbay is reducing rates by up to 60 basis points across its range of buy-to-let mortgages for houses in multiple occupation (HMO) and multi-unit freehold...

Foot Anstey’s Fraud Team celebrate Court of Appeal success in £70M conspiracy claim

The Fraud Team at national law firm Foot Anstey LLP has advised a former non-executive director of the auction house Bonhams on the successful dismissal of a...

LiveMore secures up to £250m funding facility from Citi

LiveMore Capital has secured a credit facility of up to £250m from Citi taking total funding raised by the lender since inception to nearly £600m. Set up in...

Latest Fraud Figures Point To Continuing Threat of Advance Fee Fraud

“The latest fraud figures from the Office for National Statistics for the year to September 2022 show that bank and credit account fraud decreased by 14% to...

Data Privacy Day: Don’t put all your eggs in one basket

Privacy Day is of extra importance this year because of a dramatic increase in attacks designed to get around measures that make account log-ins more secure,...

Knowledge Bank launches industry’s first interactive criteria guide

Knowledge Bank, the UK’s largest database of mortgage lending criteria, has launched a bespoke interactive criteria guide for lenders to promote their...

Allica Bank extends funding range to include soft assets as it hits £200m of asset finance lending

Allica Bank, the fintech challenger bank dedicated to supporting UK small and medium businesses, has extended its asset finance proposition to include soft...

Banks’ continuing AML shortfalls risk “eye-watering” fines

A “worrying” number of banks and financial institutions are still risking multi-million pound fines like the £107m penalty issued to Santander at the end...

Four out of 10 buy-to-let landlords intend to buy more property

More than four out of 10 buy-to-let landlords (42%) intend to purchase additional property in the next 12 months, the Landbay quarterly landlord survey has...

SmartSearch comments on former FBI official charged for sanction evasion

Following the news US prosecutors have charged a former top FBI official for allegedly trying to help a Russian oligarch get off a US sanctions list, Martin...

Property sales start to freeze up in December

Property sales (non-seasonally adjusted) were down 1% during 2022, and down 3% between November and December, to 108,960. Sales have been steady, and remain...

Novatus Advisory bolsters leadership team with appointment of two senior hires

Novatus Advisory (Novatus), the risk, regulation and ESG consultancy and technology solution provider, today announced the appointment of two strategic senior...

Comment on HMRC monthly property transactions

Following this morning’s release of the HMRC monthly property transactions, Simon Webb, managing director of capital markets and finance at LiveMore, said:...

Comment: HMRC property transactions

Following this morning’s property transactions announcement from HMRC, Karl Wilkinson, CEO at Access Financial Services said: “This morning’s housing...

Might we see a traditional post-Christmas pick up? – Comment on the HMRC property transactions for December

Following the latest property transaction figures from HMRC, Adam Oldfield, chief revenue officer at Phoebus Software, says “Although no-one will be...

FICO UK Credit Card Market Report: November 2022

FICO’s latest report of UK card trends — for November 2022 — suggests that consumers managed their credit card debt to keep lines of credit open for the...

Rental yields up in majority of regions, reveals Fleet Mortgages’ Q4 2022 Rental Barometer

Fleet Mortgages, the buy-to-let specialist lender, has today (23rd January 2023) released the latest iteration of its Buy-to-Let Rental Barometer covering Q4...

High cost of living forces one in six over-50s to cash in on homes

One in six of the UK’s over-50s are so impacted by the cost-of-living crisis they will need to either sell or release equity from their homes to give them...

Zephyr Homeloans announces tracker mortgage product range

Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced a range of tracker mortgage products. The lender said that it is offering:...

Reaction: Dun and Bradstreet on UK inflation drops

As today’s inflation rate announcement shows a fall of 10.5% in the year to December from 10.7% in November, Tommaso Aquilante, Associate Director of...

Inflation slowing, with fuel prices driving hopes for future easing

Prices continued to rise in December, with CPI up 0.4% in the month, however annualised inflation slowed to 10.5% from 10.7% in November. The slowing rate of...

New FICO and Corinium Report Finds Financial Services Firms Lack Responsible AI Strategies Despite Surging Demand for AI Solutions

Today, global analytics software platform provider FICO released its third annual State of Responsible AI in Financial Services report, developed in...

“Fall in inflation rates welcome news but SMEs remain under huge pressure”

“A fall in inflation rates is welcome news but it’s important to recognise that small business owners will remain under huge pressure from soaring interest...

SecurityHQ Expands Operations in Middle East

SecurityHQ, a Leading Global Managed Security Services Provider (MSSP), has increased its presence in the Middle East with an expansion of its Global Security...

Hampshire Trust Bank returns with market-leading service and launches new ERC Lite and ERC Plus products

Now that Hampshire Trust Bank’s (HTB) service levels are back within SLA, it is launching two new specialist five-year fixed rate residential and...

BioCatch Celebrates 2022 with ARR Growth, Technology Innovation, High Customer Satisfaction

New York and Tel Aviv – BioCatch, the pioneer of behavioural biometric intelligence and a global leader in fraud detection, today announced strong...

TransUnion Supports Mortgage Magic in Launching Credit Report Integration

Global information and insights company TransUnion is supporting Mortgage Magic in launching credit report integration to make it even easier for brokers to...

Fleet Mortgages cut rates on all fixed-rate products

Fleet Mortgages, the buy-to-let specialist lender, has today announced price cuts to its entire range of fixed-rate products. From today, advisers can access...

Together appoints Martin Souter as Commercial Credit and Risk Director

Specialist lender Together has today announced the appointment of financial services expert Martin Souter as its Commercial Credit and Risk Director. Martin...

AML fines issued to estate agents on the up

The latest industry analysis by Credas Technologies, the leading identity verification checks provider, has shown that the average Anti-Money Laundering (AML)...

Hanley Economic BS kicks-starts 2023 with quadruple product launch

Hanley Economic Building Society has kick-started its 2023 lending campaign with the launch of four new products. The new products include an 80% LTV BTL...

Rightmove: asking prices bounce back, but New Year optimism may not last

Average asking prices were up 0.9% in January – or £3,301 – to £362,438. They’re still down £8,720 from October’s peak. On January 5, the number of...

Digital compliance specialists SmartSearch certified as a Great Place To Work

SmartSearch has been certified as a Great Place To Work. The highly sought-after accreditation is determined by independent surveys with employees and in-depth...

New report reveals ongoing and serious failings toward vulnerable people across all sectors

A new report released today by the not-for-profit Vulnerability Registration Service reveals a shocking picture of how despite interventions by regulators and...

TAB announced as latest lender on Knowledge Bank’s Criteria Sourcing System

Knowledge Bank has today announced that specialist lender TAB has joined the UK’s biggest criteria sourcing system. Knowledge Bank users can now source TAB...

Vulnerable people more likely to have been pressured to take out credit for someone else

New research has revealed that 1.6 million people who have identified themselves as vulnerable were pressured into taking out credit or services for someone...

Learning the Lessons of the Last Crisis: “Economic Victims” of a Recession Bounce Back to Financial Good Faster

Moving away from the pandemic was meant to usher in a return to normality for most, but this was another Christmas when consumers across the country once again...

Second charge mortgage new business volumes grew by 9% in November 2022

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

Experian launches CreditLock to give Brits an extra layer of protection against identity fraud

Experian has today launched CreditLock, a new feature that will enable customers to lock their Experian Credit Report at the touch of a button. The launch...

Hodge reduces rates across its entire residential mortgage range

Hodge is today announcing reduced rates across its entire range of holiday let, 50+, RIOand professional mortgage products by up to 0.40%. This is the third...

Vulnerable people more likely to have been pressured to take out credit for someone else

New research has revealed that 1.6 million people who have identified themselves as vulnerable were pressured into taking out credit or services for someone...

Business Data 2023 Predictions

As the global economy continues to face significant challenges, including recession, experts at Dun & Bradstreet, a leading global provider of business...

Landbay lowers rates on two-year fixes and reduces ICR

Buy-to-let specialist lender Landbay is lowering the rates on two-year fixed rate mortgages and reducing its income cover ratio (ICR) requirements for basic...

UK Businesses Spend £600K Annually To Repel Cyber Attacks, as More Become Affected by Data Breaches

New research from global information and insights company, TransUnion, shows that individual organisations are fighting off more than 500 cyber attacks each...

Mizuho Bank Luxemburg upgrades anti-financial crime compliance risk management with Napier

Mizuho Trust and Banking (Luxembourg) S.A , the Luxembourg subsidiary of Japan’s Mizuho Trust & Banking division (part of Mizuho Financial Group) , is...

Where are the most successful new businesses opening in the UK?

Research from CMC Markets has revealed Reading as the UK city opening the most successful new businesses in the last five years, with just 0.13% going into...

Fleet Mortgages lends over £1.2 billion in 2022

Fleet Mortgages, the buy-to-let specialist lender, has today announced it completed over £1.2bn of new lending completions during the 2022 calendar year....

Allianz Trade x Santander CIB x Two New B2B BNPL partnership

Allianz Trade, Santander CIB & Two partnered to develop a new B2B BNPL solution dedicated to large multinational corporates. • A unique and pioneering...

Halifax HPI: Miserable December as the rot sets in

In December, prices were down 1.5% in a month to an average of £281,272. This is the fourth consecutive month of falls. Annual price rises slowed again, to...

Key demonstrates good vulnerability assessments with MorganAsh to lead later life sector on vulnerability

Key Later Life Finance, the UK’s largest equity release advice firm, has seen positive results from its vulnerability assessments, with the help of MARS from...

Russian oligarchs face $95 billion black hole thanks to sanctions

A $95 billion “black hole” in oligarch wealth shows strict sanctions on Russia are working, a leading anti-money laundering (AML) expert has argued. New...

Private housing delivery driving construction output recovery as sector returns to pre-pandemic levels

Market analysis by Alliance Fund, the end to end real estate fund, has found that total construction output has almost returned to pre-pandemic levels, but the...

FICO Round Table Discusses Approaches to Sharp Rise in Scams and Authorised Push Payment Fraud

In 2021, UK losses to authorised push payment (APP) scams reached £583.2 million. This 39 percent year-on-year increase in losses shows how inventive and...

Property transaction fall throughs hit five year high

The latest industry index on property fall throughs by property purchasing specialist, House Buyer Bureau, has revealed that there has been a sharp increase in...

Mortgage lending up in 2022, but have we reached the peak?

The latest mortgage market analysis by specialist property lending experts, Octane Capital, estimates that £77.5bn in residential loans was lent to...

Prime London property demand falls but appetite for super-prime keeps getting stronger

The latest Prime Central London Buyer Demand Index by London lettings and estate agent, Benham and Reeves, has found that demand is down across the prime...

Custom Credit chooses LendingMetrics’ ADP

Custom Credit is set to use LendingMetrics’ Auto Decision Platform (ADP) to speed up decisioning and take its clients’ borrowing experience to the next...

TransUnion Supports Fiinu Bank in Offering Consumers Greater Choice with New Plugin Overdraft Solution

Global information and insights company TransUnion is supporting Fiinu Bank to help enable its innovative overdraft solution, using TransUnion Open Banking...

Central Trust enhances AVM policy

Central Trust, the first and second charge lender, has today introduced the use of Automated Valuation Model (AVM) technology to its Consumer Buy-to-let...

FICO October credit report

FICO’s latest report of UK card trends — for October 2022 — illustrates the push and pull of personal finances as consumers attempt to manage existing...

2023 market outlook for the new-build sector

With 2022 coming to a close, the UK finds itself under somewhat of a financial dark cloud. Some are calling it a recession, most believe it to be the obvious...

Inflation to hit the UK hardest, with half of business leaders expecting inflation to get worse in the next 12 months

UK businesses expect to be hit the hardest by inflation, according to new research from Taulia. Nearly half (48%) of UK businesses expect inflation to get...

Comments on today’s ONS retail sales figures for November

“Retail sales volumes fell by 0.4% in November, despite Black Friday and the start of the 2022 World Cup which should have provided a boost to pre-Christmas...

Suspected Digital Fraud in UK Sees 40% Spike Around Black Friday

The average number of suspected digital fraud attempts for transactions from the UK on any given day surrounding Black Friday was 40% higher than the average...

New report reveals ongoing and serious failings toward vulnerable people across all sectors

A new report released today by the not-for-profit Vulnerability Registration Service reveals a shocking picture of how despite interventions by regulators and...

Online Banking Commission completes cross-sector review into the impact of online banking on those experiencing economic abuse, outlines recommendations for change

Domestic abuse charity Refuge alongside their long-term corporate partner, The Co-operative Bank, have published a new report which concludes a year-long...

Survey: UK Consumers Accept More Identity Checks after Losses of £15.3m across Christmas ’21

There was a reported £15.3 million lost to fraud in the UK between November 2021 and January 2022, and with just a few days until Christmas Day, panic mode...

TransUnion Is Ranked as One of the UK’s Most Inclusive Employers

TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, has been ranked in The Inclusive Top 50 UK...

Cybersecurity the biggest investment for UK finance leaders in 2023

Improving cybersecurity is the top priority for UK finance leaders in 2023, according to a new survey released today, as many start to submit their New...

Consistent approach to vulnerability data needed as regulators flex muscles

The FCA is beginning to “flex its muscles” with notices issued to firms needing more data on vulnerability – a Consumer Duty expert has warned. The...

FCA research: Festive shoppers at rising risk of loan fee scams as fraudsters pile on the pressure at Christmas

With Christmas fast approaching, the FCA launches its latest ScamSmart campaign aimed at giving consumers the knowledge and tools to avoid loan fee fraud. The...

Credas Shortcuts Tenant Screening

Data from CIFAS, the fraud prevention database, states a marked increase in both identity fraud and false applications in the UK with increases of 34% and 45%...

‘Second-charge Mortgage Tracker continues to reflect the cost of living crisis’

Evolution Money, the second-charge lending specialist, has today revealed the latest results from its quarterly data tracker, which reviews borrower types,...

Hodge reduces rates across selected products

Hodge is today announcing reduced rates across its holiday let, 50+ and recently launched Professional mortgages. This is the second time the specialist lender...

Cost of borrowing warning: personal loans soar to highest rates since 2013 and credit cards since 1998

Analysis of the latest Bank of England data on average quoted household rates from Freedom Finance, one of the UK’s leading digital lending marketplaces,...

PayPlan awarded Partner Recognition for their work to stop loan sharks

We’re proud to be the first national debt advice provider to achieve partner recognition status for our work in raising awareness about loan sharks and...

Tenants worse off as rents increase by up to 15% since last Christmas

The latest insight into the UK rental market from Ocasa, reveals that tenants in London have endured bigger rent price increases than anywhere else in the UK...

Berkeley Group – battening down the hatches

Berkeley Group has today announced its half year results for the six months ended 31 October 2022. Profit before tax down 2% to £284.8 million. Sales since...

PSR takes steps towards greater transparency on APP scam data across banks and building societies

Today, the Payment Systems Regulator (PSR) outlines the technical process that banks and building societies will have to follow as part of its new reporting...

Half of New First-Time-Buyer Mortgages Have Terms Over 30-years, Up From A Quarter Ten Years Ago

Half of all first-time buyers in the UK, and over a quarter of home movers who took out a mortgage in the third quarter of this year opted for a term of more...

Food consumed a huge wedge of our budget – leaving us vulnerable

In 2020/21 the average household spent £39.71 per person per week on all food and drink eaten both at home and out and about, This is down 17.8% in a year –...

FICO Wins Machine Learning Award for Scams Detection Model

Global analytics software provider FICO won the Machine Learning in Credit and Collections Award at the 2022 Credit & Collections Technology Awards, held...

Cost of living triggers dangerous era of ‘Financial STOICism’

A quarter (24%) of GB adults admit they are making bad financial decisions they know will negatively affect their ability to access financial products in the...

RICS: Buyers hibernate as market freezes

Buyer demand fell for a seventh month in a row in November: not as fast as in October, but it’s still a significant drop. The number of agreed sales has...

Praetura Commercial Finance Group surpasses £100m loan book and targets growth after record year

Praetura Commercial Finance Group (PCFG), the North-West based asset-based lending business, has grown its loan book to over £100m+ as the demand for funding...

Allica sees £65M of instant decision-in-principles one month after launching new automated tool

Allica Bank has seen £65m of instant commercial mortgage decision-in-principle applications since launching its new automated application tool at the start of...

Almost a fifth of rental properties let within two weeks as high demand continues to drive up rental values

Market analysis from Ocasa, the specialist rental platform, reveals that, in Britain’s fastest-moving rental markets, up to 30% of homes are snapped up by...

Experian recognised with Government Trust Framework Certification

Experian has today been recognised for its market leading identity verification technology and solutions, achieving certification through the Government’s...

Alpian, Switzerland’s first private digital bank, selects Napier Continuum for financial crime compliance

Geneva – Alpian, Switzerland’s first digital private bank, and Napier,  global provider of advanced financial crime compliance solutions, announce their...

Buy-to-let mortgage payments increase by 286% in one year

The latest mortgage market analysis by specialist property lending experts, Octane Capital, reveals that buy-to-let landlords are facing a tougher time...

LiveMore launches capital and interest mortgage

LiveMore Capital is expanding its product range with the launch of its first ever Capital & Interest (C&I) mortgage for borrowers aged 50 to 85. The...

The Right Mortgage & Protection Network have reinforced their support offering surrounding Consumer Duty responsibilities

The Right Mortgage & Protection Network have launched further support for members following the ongoing demands of the FCA’s Consumer Duty requirements....

FICO Survey: UK Consumers Will Choose Banks Based on Fraud Protection

Global analytics software company FICO has revealed the findings from its latest fraud survey with consumers showing that strong fraud protection can be a...

New data reveals how Britain will adjust to Christmas amidst the cost-of-living crisis

For the majority of Brits, Christmas might look a little bit different this year in light of the cost-of-living crisis and deepening recession. Due to the...

Mazuma Mobile UK wide survey forecasts continued decline in economy

MORE than nine out of 10 people say they are worried about the cost of living crisis, according to a large-scale nationwide survey undertaken by Mazuma Mobile....

ABA Statement on FDIC’s Quarterly Banking Profile

Washington, DC – “The FDIC’s latest Quarterly Banking Profile for the third quarter shows that the banking sector remains strong even as banks of...

Phoebus Software partners with Jade ThirdEye for AML solutions

Phoebus Software Limited (PSL) has added Jade ThirdEye to its strategic partner programme to offer its clients an anti-money laundering (AML) and financial...

Fleet Mortgages make further rate cuts across all fixed-rate mortgages

Fleet Mortgages, the buy-to-let specialist lender, has today announced further rate cuts across its entire fixed-rate mortgage range for both 65% and 75% LTV....

Atom cuts rates across mortgage range to help borrowers

Atom bank, the UK’s first app-based bank, is today decreasing the rates across a number of its mortgage products, with selected five-year products now...

Capitalise and Experian launch Credit Review Service to support small businesses through the changing economic landscape

Capitalise has today announced the latest development in its partnership with Experian, as it launches a new business service to help thousands of UK SMEs take...

Commentary on BoE Money and Credit announcement

“A cocktail of tightening monetary and fiscal policy, mixed with ongoing inflationary pressures, has put the UK economy on ice, as consumers shy away from...

Landmark court ruling gives huge hope to cryptocurrency fraud and hacking victims

A victim of cryptocurrency fraud can now obtain information about the perpetrators from exchanges located abroad, after a landmark case that could have huge...

Napier breaks into Japanese market through new partnership with governance, risk, and compliance firm, GRCS

Napier, the financial crime compliance specialist, has announced that its end-to-end financial crime risk management platform, Napier Continuum, is available...

BOE Money and Credit data – comment

“The ‘effective’ interest rate, which is the actual interest rate paid, has risen every month in 2022. For newly drawn mortgages the effective interest...

41% fewer mortgage products under the tree for homebuyers this Christmas

The latest mortgage market analysis by specialist property lending experts, Octane Capital, has revealed that those looking to scour the market for a mortgage...

Survey reveals the UK’s money-laundering hotspots

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

Mercantile Trust accepts automated bridging valuations up to 75% LTV

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

Tuscan Capital appoints Jade Lidiard as underwriter

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

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

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

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

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

Biggest weekend for online shopping beckons scammers

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

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

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

AYLIEN makes waves with trailblazing financial services innovation

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

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

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

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

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

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

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

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

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

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

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

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

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

Creditinfo hires Sipartech veteran Bertrand de Leusse as CFO

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

FLA response to FCA proposals for the credit information market

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

Estate agent AML checks up by 31% already in 2022

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

Atom re-introduces competitive Prime and Near Prime mortgage products

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

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

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

Over half of Brits have been targeted by fraud

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

FICO UK Credit Card Market Report: September 2022

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

Hunt wields the scalpel, not the axe

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

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

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

Reaction to Autumn Budget statement from Tommaso Aquilante

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

Zephyr Homeloans launches new five-year fixed rate mortgage product

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

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

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

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

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

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

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

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

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

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

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

Inflation rockets to 11.1%

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

Comments on rise in inflation

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

Atom bank renews contract with Phoebus Software

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

Record quarter as lender Bergen Finance gains momentum in maiden year

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

Criminals sell cars at 99% discount

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

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

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

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

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

A real economic conundrum for the UK – comment

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

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

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

Mercantile Trust completes its first ever Northern Ireland bridging loan

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

Comment on economic inactivity statistics

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

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

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

Lisa Osofsky to step down as SFO director

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stonebridge enhances Compliance Operating Model

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

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

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

Chawatama joins Knowledge Bank

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

The Bank of England increases interest rates to a record high

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

Rates hit 3% as Bank issues recession and inflation warning

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

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

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

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

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

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

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

IQ-EQ employs leading AI compliance capabilities with Napier

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

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

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

Property market embraces Open Banking

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

Hanley Economic BS launches trio of five-year fixes

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

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

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

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

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

Central Trust and Mercantile Trust revise lending criteria

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

Mini-budget crushes mortgage demand: Bank of England

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

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

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

BoE Money and Credit comment

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

Expert commentary on BoE Money and Credit announcement – October 2022

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

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

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

Advance Fee Fraud Sees Tenfold Increase as Scams Get More Sophisticated

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

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

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

Napier introduces advanced financial crime risk management platform, Napier Continuum

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

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

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

A global recession is coming in 2023: deVere CEO

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

Utimaco shines a light on automotive security this Cybersecurity Awareness Month

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

Budget range inflation hits 17%: unreliable prices hit families

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

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

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

Lack of trust in tech leaves firms open to money laundering

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

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

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

Rishi Sunak’s relief rally won’t last

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

Landbay launches five-year fixed rate products with variable fees

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

Will SDLT changes survive the next fiscal update? – comment

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

HMRC property transaction data comment from LiveMore

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

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

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

TransUnion Launches New Eligibility for Retail Ecommerce Solution

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

Liz Truss resigns – statement from Simon Webb at LiveMore Capital

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

Creditinfo launches ESG data platform

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

Regulated firms are learning the compliance lesson

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

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

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

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

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

Inflation comment from LiveMore

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

Experian and NewDay partner

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

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

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

Sidetrade takes home two industry awards

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

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

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

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

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

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

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

Criteria index reveals changing borrower circumstances

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

Digitalisation and Artificial Intelligence: 5 Keys to Success

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

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

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

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

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

UK Finance warns consumers to be cautious of fraudulent investment opportunities

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

Shocking report reveals huge money-laundering loophole

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

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

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

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

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

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

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

Homebuyer and sellers undeterred by current market uncertainty

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

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

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

Fluro secures £200m to fund new lending

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

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

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

SmartSearch announces appointment of new VP of enterprise sales

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

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

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

Halifax HPI: Prices fall even before September’s chaos

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

Napier AI appoints industry leader as global head of corporate development

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

Norton Home Loans recruits roving Underwriter

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

Scottish Building Society adopts ADP

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

Homebuyer demand levels drop in Q3

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

Stronger protection for victims of APP Fraud

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

Mortgages bounce back: Bank of England

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

Expert commentary on BoE Money and Credit announcement

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

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

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

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

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

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

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

Redwood Bank launches fixed rate mortgages

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

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

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

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

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

PSR sets out proposals to give greater protection against APP scams

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

Allica Bank breaks into profitability

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

Equifax names new UK Chief Commercial Officer

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

Experian Fraud Score aims to boost fraud prevention in the UK

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

Physical ID is stopping us from ditching our wallets for good

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

Channel adopts AI driven SME risk decisioning

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

Foundation Home Loans reappraises residential mortgage credit tiers

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

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

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

Feedzai Appoints David Henshall to its Board of Directors

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

Redwood Bank continues relationship with Jaywing through the uptake of Echelon

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

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

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

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

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

Monevo Launches Credit Cards on UK Platform, Powered by TransUnion

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

CPS welcomes Government’s plan for growth

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

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

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

Bank of England caught between a rock and a hard place

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

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

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

Regulated firms giving a “green light” to Russians

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

Financial compliance platform Napier announces new CEO

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

Hope Capital launches new collection and introduces reduced fixed rates

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

SmartSearch comments on arrest of Europe’s biggest money launderer

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

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

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

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

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

Regulated firms waste hours on manual identity checks

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

Banking and Insurance Ratings Added to Fossil Free Funds

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

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

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

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

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

Petrol price drop puts the brakes on runaway inflation

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

Comment: ONS inflation rate

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

No time for celebration despite unexpected ease in inflation

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

Inflation comment from LiveMore

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

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

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

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

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

Zephyr Homeloans funds £13m landlord refinance involving 58 properties

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

Shaping the BoE’s interest rate decisions – comment

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

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

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

Jaywing partners with world leader in economic forecasting, Oxford Economics

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

Burges Salmon appoints new senior technology and data specialist

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

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

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

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

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

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

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

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

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

Regulated firms running gauntlet with hard copy identification

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

MotoNovo Hit an All Time High in Motorcycle Financing

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

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

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

Overcoming the Risk of Relying on Email for Law Firms

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

Comment on HMRC property transactions

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

Common sense must prevail – comment on the HMRC property transactions

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

Regulated firms planning a big technology switch

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

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

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

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

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

Retail sales up 0.3% in July

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

UK Fraudsters Focusing on Financial Services and Insurance Industries

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

Latest UK Finance Figures Point To Rising Credit Card Spend

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

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

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

Confidence falls significantly as costs rise and inflation bites

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

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

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

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

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

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

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

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

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

Wage woes today and joyless jobs market tomorrow

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

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

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

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

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

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

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

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

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

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

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

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

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

How Financial Organisations can Stay Protected from Financial Data Breaches

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

New home completions reach pre-pandemic levels

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

New inflation research – comment

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

The Right Mortgage & Protection Network relaunch their ASU product

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

The Holy Grail for Lending

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

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

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

Partnership will protect boat sales from money launderers

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

Credit card rates hit highest level since 1998

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

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

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

Industry reaction on UK falling into recession

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

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

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

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

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

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

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

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

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

SmartSearch technology keeps crypto car sales safe

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

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

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

Dean Clark joins the Right Mortgage and Protection

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

eConveyancer strengthens partnership with L&C

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

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

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

Armis joins UK Finance to bolster financial sector cyber resilience

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

Bank of England June Net Lending Commen

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

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

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

Rising house prices and thinly stretched finances – comment

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

UK average rents increased more than 8% over last year

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

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

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

Foundation Home Loans launch new Limited Edition residential fee assisted products

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

UK inflation 68% higher than official numbers

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

Loughborough Building Society launches First Homes Mortgage

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

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

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

How Enterprises are Prioritising Digital Resiliency

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

Backing British business pays as Redwood Bank announces first profit

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

Finance and banking firms failing to detect criminal “ghosts”

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

Latest ONS Figures Points to Rising Digital Fraud

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

Today’s ONS retail sales figures for June – comment

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

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

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

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

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

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

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

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

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

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

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

Landbay launches 10-year fixed rate mortgage

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

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

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

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

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

TransUnion Appoints Dominic Goslett as Chief Revenue Officer in the UK

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

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

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

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

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

Landbay and Phoenix Group announce new funding partnership

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

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

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

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

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

OMS integrates with Click2Check

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

Recognise Bank implements RiskNarrative to Transform Customer Onboarding

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

FICO UK Credit Card Market Report May 2022

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

MorganAsh announces new partnership with Infinian

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

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

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

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

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

Renewables lender Propensio Finance Secures £50m of new funding

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

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

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

Hodge announces residential mortgage re-entry

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

Has Confirmation of Payee Reduced APP Fraud?

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

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

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

CHL Mortgages launches Buy-To-Let refurbishment range

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

Money-laundering loopholes missed by property firms

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

MotoNovo Increases Vehicle Finance Lending for SMEs

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

UK Finance Annual Fraud Report

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

Money-laundering loopholes missed by financial firms

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

Hargreaves Lansdown’s first move into Open Banking

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

Loans 2 Go reflects on 5 years of success with ADP

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

TransUnion Helps Millions Check Credit Health With Lloyds Bank

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

FICO UK Credit Card Market Report April 2022

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

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

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

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

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

StepChange comment on inflation data

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

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

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

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

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

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

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

Taking an AI approach to finance fraud

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

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

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

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

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

BofE interest rates – Economist reacts

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

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

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

LiveMore comment on BOE base rate rise

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

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

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

Comments on today’s Bank of England interest rate decision

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

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

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

Interest Rates Comments

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

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

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

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

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

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

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

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

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

Equifax named Open Banking partner for Paylink Solutions

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

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

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

Paradigm partner with Unity FCS to help firms combat financial crime

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

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

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

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

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

Trust Payments partners with Feedzai to strengthen risk management offerings

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

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

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

Monument launches digital buy-to-let loan calculator

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

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

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

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

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

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

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

LendingMetrics launches new SaaS innovation DeeJoop

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

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

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

FICO UK Credit Card Market Report March 2022

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

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

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

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

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

Fleet Mortgages appoints new Marketing & Events Manager

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

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

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

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

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

Zephyr brings back seven-year fixed mortgage deals

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

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

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

Emma Peach joins Connected Data

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

UK Finance interest-only mortgage comment

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

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

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

Together prices inaugural 2second charge only RMBS

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

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

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

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

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

Leading AML firm appoints new COO

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

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

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

Evolution Money appoint new Head of ESG

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

Landbay reveals new brand with launch of next generation broker portal

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

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

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

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

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

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

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

TransUnion Appoints New UK Chief Operating Officer

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

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

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

BoE rate rise comment

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

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

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

BoE Money and Credit Figures: Commentary

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

Band of England Money and Credit comment

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

BoE comment: Highest net borrowing shows desire for properties

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

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

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

NetReveal risk scoring enhanced by new alliance with Dun & Bradstreet

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

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

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

Latest ONS Figures Point To Rising Digital Fraud

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

Updates to scam prevention Code made to protect more customers

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

AML Platform Produces ID Check Every 5 Seconds

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

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

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

Taking Open Banking connectivity to a deeper level

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

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

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

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

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

OpenBankVision enquiries surge

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

Industry reaction from Mohit Paul

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

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

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

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

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

Four in 10 UK Consumers Say Targeted by Online Fraud

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

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

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

CHL Mortgages launches short-term let proposition

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

Comments on Bank of England Credit Conditions Survey of Q1 2022

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

Are mortgage approvals set to soar in 2022?

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

Cost-of-living crisis impacts brokers’ searches

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

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

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

People under 35 are more at risk from impersonation scams

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

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

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

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

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

Norton Home Loans extends Max LTV to 80%

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

West One launches first green second charge mortgage

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

Knowledge Bank set for rapid expansion

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

Countrywide Surveying Services announces two key promotions to senior management team

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

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

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

Average FTB deposit cost soars in the last five years

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

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

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

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

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