2020 was a turbulent year in which much of retail bounced between being open and closed, impacting footfall significantly. To make meaningful comparisons to changes in footfall, all 2021 figures are compared with 2019 (pre-pandemic). This means our 2021 figures are now year-on-two-years (Yo2Y), rather than year-on-year (YoY). Covering the four weeks 31 October – […]
iwoca, one of Europe’s largest small business lenders, has today announced the expansion of its merchant cash advance product to small businesses to all businesses accepting card payments in the UK. The merchant cash advance will enable small businesses to repay their loan based on their sales and stay in control by choosing what percent […]
Marqeta, the global modern card issuing platform, today released its predictions for 2022, offering insights for the financial services industry. Ian Johnson, SVP and managing director for Europe, comments: “In the next year, we expect that we will continue to see great innovation in the payment sector – from AI-driven smart wallets to the growing […]
Private sector activity grew at a similarly strong pace in the quarter to November as the previous month (balance of +32% from +29%). Activity has now been growing at an above average pace for seven consecutive surveys, according to the CBI’s latest Growth Indicator. The composite measure is based on responses to CBI surveys from 551 firms between 26 October and 16 November. Growth remained broad-based and above average across all subsectors. […]
Hodge has appointed Hema Patel as the new business development manager for the north of England and Scotland. Before joining Hodge, Hema worked in various roles at Key Group, including as a business development manager for More2Life and Key Partnerships, for more than 13 years. Hema will support brokers in the north of England and […]
West One Loans buy-to-let division has added four new underwriters and one completions case manager as it continues to expand to meet strong demand for property investment finance. The appointment of the new underwriters is a key step in West One’s growth strategy for 2021, as the specialist lender continues to open its proposition to […]
The specialist lender introduces a number of enhancements for buy-to-let (BTL) customers These include offering BTL loans at up to 80% LTV with rates reduced on 5 year fixed products The Bank has also reduced its affordability stress rate for 5 year fixed products, whilst streamlining the documentary requirements for self-financing BTL loans Metro Bank […]
Time Finance are delighted to announce that they have appointed Jake Bebbington as business development manager to drive their Commercial Loan offering in the North of England. The newly created role is reflective of the firm’s commitment to providing funding solutions that inspire growth and prosperity to UK SMEs across the nation. Jake joins Time […]
London-based regtech Artesian : DueDil has today announced a solution to one of the most complex challenges impacting banks and financial service institutions. The company is set to launch its new Ultimate Beneficial Owner (UBO) API endpoint, to improve onboarding speed and customer experience, whilst vitally mitigating regulatory, financial, and reputational risk. Obtaining comprehensive UBO […]
Brickflow, the UK’s first search engine for development finance, reports a record number of loan terms – £88m – were issued through its deal forum in November. The deal forum is similar to a competitive tender process; developers input their project details and Brickflow’s algorithms select the lenders most likely to make a loan offer. […]
30/11/2021
Edition 295 – November 2021
Well read? By Business Money group editor Robert Lefroy Great expectations Jo...
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