Ahead of its highly anticipated launch in 2020, new SME banking entrant Recognise has appointed cloud banking provider Mambu Recognise’s appointment of Mambu and its market leading cloud-native solution, will transform and improve banking service levels by enhanced transparency, communication and speed of transactions for SMEs. Recognise, a subsidiary of the City of London Group, […]
British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has announced a new £15m Tier 2 capital facility to specialist bank, PCF Bank. PCF Bank has a long history as a specialist financier of vehicles, plant and equipment. Established in 1994, and launching banking services in 2017, PCF Bank has helped more […]
The change comes amid broader improvements to the eligibility criteria for buy-to-let and home purchase plan products Minimum valuation requirement for houses in multiple occupation and multi-unit freehold blocks cut from £75,000 to £55,000 for UK buy-to-let applicants Rent only term increased to 25 years for UK expats and international residents Contractors are among those […]
Paradigm Mortgage Services has today announced the addition of marketplace for property finance, LendInvest, to its lender panel. From today, Paradigm’s member firms will be able to register with LendInvest and access its range of buy-to-let products available for properties located in England and Wales. LendInvest’s buy-to-let range offers products on standard property types, as […]
Exports of tomato ketchup have declined in the first few months of 2019, as Canada drastically reduced its intake from the US following an anti-Heinz campaign, coupled with the trade spat between Ottowa and Washington, IHS Markit’s Agribusiness Intelligence reports. Canada is the world’s largest importer of ketchup with an annual intake exceeding 200,000 tonnes, […]
An innovative new investment vehicle to provide funds to support UK property deals – commercial and residential – has been launched by one of the UK’s leading private equity firms in conjunction with a financial technology (fintech) firm. MAVEN Bonds has been designed to provide investors with the chance to diversify their investment portfolio while […]
AccountScore and Equifax have today announced the release of a new credit risk index for the consumer lending sector which allows financial institutions to more effectively understand consumers applying for credit products. The index is based upon the transactional information found within a consumer’s bank account and takes advantages of the opportunities provided by Open […]
IR35, the legislation put in place to deter disguised employment tax avoidance, and the effects of the uncertainty over Brexit are combining to cause significant problems for UK businesses and freelancers alike. According to new research by PeoplePerHour.com and TalentDesk.io, which took in the opinions of almost 1200 businesses and freelancers, the combined scenarios have […]
An alcoholic drinks brand with a focus on premium spiced rums has announced a partnership with Majestic Wines, a nationwide retailer of alcoholic beverages, after securing a five-figure investment from GC Business Finance. The partnership with Majestic Wines means its products will be sold online and throughout all 200 of its stores. Manchester-based Rockstar Spirits, […]
Mastercard has launched Mastercard Accelerate, a global initiative that simplifies the way that Mastercard works with fintechs, giving them access to everything they need to grow quickly. Offering a simple, single entry-point to the company’s wide portfolio of specialised programs, Mastercard Accelerate gives start-ups and emerging brands support and assistance for every stage of their […]
