The rise of innovative technologies in finance naturally sparked an interest in digital banking. No wonder it has become a catch-all thing – while the competition in disruption is quite intense, many traditional banking institutions are currently attaching themselves to the idea of a digital bank in order to look more modern. Many new electronic […]
Local relationship bank, Handelsbanken, has today announced its 2019 annual results, showing consistent year-on-year growth driven by its ongoing commitment to long-term sustainable values, and a focus on delivering high levels of customer satisfaction. In its first year as a fully-licensed UK bank, Handelsbanken has continued to invest in its UK infrastructure, strengthening its foundations […]
Metro Bank has become a direct participant of Bacs, the Pay.UK-operated payment system, helping enabledirect debit origination for business customers through a new partnership with Bottomline Technologies. Bottomline is a leading provider technologies which help businesses pay and get paid. Through this partnership, Metro Bank has deployed new technology to take greater control of its […]
Although traditional banks still hold the largest market share for consumer and business loans, there has been a considerable demand for fintech lending in recent years. Global fintech lending, or the alternative loans industry will hit a $312.6bn transaction value this year, growing by 17% year-on-year, according to data gathered by LearnBonds.com. The rising trend, […]
British Business Investments, a commercial subsidiary of the British Business Bank, has announced a commitment of £50m to Tosca Debt Capital’s (TDC) third fund (‘Fund III’) at first close, with the fund targeting a final close of £300m later this year. As with TDC’s previous two funds, Fund III will continue to focus on funding […]
12 UK fashion and beauty retail companies will join Santander, The Bonfire Group, New Stand and Department of International Trade (DIT) for a week-long trade mission in the US. This is the first overseas mission to depart the UK after its withdrawal from the European Union and, as the US is already the largest export […]
Aspen Bridging has revamped the interest rate structure of its new 2020 product card with the introduction of flat rate products without exit fees. The company will create greater clarity by offering Prime & Development Exit and Standard & Finish & Exit products across residential, commercial and mixed development applications, with clear rates displayed up […]
Against a backdrop of uncertain economic conditions, characterised by geopolitical challenges, interest rate movements, and the disruption of Brexit, brand value among the world’s 500 largest banks has fallen for the first time since the financial crisis, according to the latest report by leading independent brand valuation consultancy Brand Finance, published by The Banker magazine […]
JBR Capital has so far had its busiest winter ever, with the UK’s leading independent high-end vehicle financier having a strong start to the year – celebrating its fifth birthday in 2020. The direct lender has revealed, from its latest monthly figures, that the average value of car financed by JBR Capital is currently £75,929. […]
AccountScore, the UK’s leading open banking platform, today announced that it has enabled Simply to capitalise on the benefits of open banking by providing the lender with an API to further enrich the lender’s underwriting data sources. When integrating this with the data that is available through open banking, Simply is able to speed up […]
