Following a successful pilot, Nationwide, the world’s largest building society, has today announced an API integration with Smartr365, the UK’s leading end-to-end mortgage platform. The integration of Nationwide’s API solution with the Smartr365 platform means intermediaries can submit customer Decision in Principle (DIP) applications without needing to rekey data in the Nationwide portal. Integration should […]
Allica Bank, the leading fintech SME challenger bank, has announced a £100m Series C funding round led by global growth technology investor, TCV, with participation from existing investors Warwick Capital Partners and Atalaya Capital Management. With this investment, Allica joins TCV’s impressive roster of portfolio companies, including household names like Airbnb, Netflix, and Spotify, as well as category-defining […]
After a turbulent year both politically and economically, the CBI’s outlook for the economy strikes a sombre tone as we go into 2023. The prime minister and chancellor have stabilized financial markets but must act to boost long-term growth according to the latest CBI economic forecast. Economic growth can only come from increasing productivity and […]
Knowledge Bank, the UK’s largest criteria search system has unveiled two new search options in response to changing market conditions enabling brokers to establish which lenders offer product flexibility after an offer has been made. Brokers will now be able to search for ‘Change of Product – Rates Reduced after Mortgage Offer’ which will reveal […]
Business lending approvals have been at a record low in 2022. Not only is the number of business loan applicants down, with fewer than one in ten (9%) small businesses applying for finance in Q1 2022, but only a small fraction of applicants are successful. According to the SME Finance Monitor Small Business Index, the […]
Supply chain disruption and rising costs are the biggest worries facing the UK’s mid-sized businesses in the coming months, according to the latest research from accountancy and business advisory firm BDO. In the bi-monthly survey of 500 medium-sized businesses’ leaders, half (49%) said rising supply chain costs ranked top of their list of concerns between […]
After what seems like a decade of uncertainty, from Brexit to lockdowns, there is finally some hope for growth. SMMT’s latest research reveals that the industry’s expected return to growth next year could be worth an additional £14 billion to the UK economy in 2023 alone, with the new car and van market set to rise 15%, […]
With inflation hitting 11.1%, alongside rapidly increasing interest rates from the Bank of England and a global energy crisis, the UK has slipped into recession. Jeremy Hunt’s Autumn statement outlined measures aimed at bridging the financial “black hole” – put at anything from £35bn to £60bn – in the government’s finances. Among these measures is […]
We now include a bullet on YoY footfall changes. These figures are positive as, while retail remains below its pre-pandemic levels, it has continued to improve over the past year. In January we aim to return to focusing on YoY figures but will also provide a comparison to pre-pandemic levels for continuity. Covering the four […]
Under half (49%) of businesses attending a webinar from the Institute of Export & International Trade (IOE&IT) said they feel confident about customs documentation and procedures. Following the UK’s departure from the EU single market and customs union following Brexit, British businesses have been required to comply with new customs rules to continue trade with […]
30/11/2022
Edition 303 – October/November 2022
Turnaround, a vital culture By Business Money group editor Robert Lefroy TMA...
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