Backbase today announces that Mauritius Commercial Bank (MCB) has gone live with a brand new mobile app for SMEs built from the ground up on the Backbase Digital-first Banking Platform. This milestone marks the completion of the first phase of MCB and Backbase collaboration. Together with Backbase, the bank is accelerating the path towards digital […]
Azzurro Associates, a pioneer in commercial debt solutions (CDS), has appointed experienced fintech executive Stefan Acklam as finance director. Stefan has more than 20 years’ expertise in financial services in the UK and US, having recently been finance director for a well-known challenger bank, supporting the business through its Prudential Regulation Authority (PRA) approvals and […]
COVID-19 has shaken the world to its core, and it has caused many a business to collapse. For those that have survived, there are still challenges to tackle. Invariably, these are based around health and safety, and financial security, but there will be some that are specific to certain business types. Times have been tough […]
Registration has opened for Association of Short Term Lenders (ASTL) Annual Conference, which will take place online as a virtual conference on Tuesday 22nd September. The event, which has traditionally only been open to a limited number of delegates from members and associate members of the ASTL is also being opened up to a wider […]
A brand new study from the UK’s leading independent job board, CV-Library, reveals that two-thirds (66.7%) of finance professionals still expect to receive a pay rise from their employer in the next 12 months, despite the country going into a recession as a result of Covid-19. The job board surveyed 1,100 UK professionals, to understand […]
Nucleus Commercial Finance today announces it has digitised the end-to-end user journey for all finance applications, including loans through the Coronavirus Business Interruption Loan Scheme (CBILS). Following significant investment in technology and a pilot to test it’s capabilities, businesses and brokers now benefit from almost instant decisions on applications up to £250k, ensuring SMEs can […]
The British Business Bank’s Start Up Loans (SUL) programme has announced it has issued its 75,000th loan, marking more than £623m invested in small businesses since its launch in 2012. Start Up Loans saw a significant rise in loans issued since the start of the pandemic in the UK. May to July 2020 saw a […]
Arbuthnot Latham Commercial has provided a commercial loan of £2.2m for Homesave UK Limited, helping the company to transition its business model from aparthotels to apartments, under its new HY Lettings Brand. The company, which has operated aparthotels since 2010 looked to the loan to preserve cashflow during the process, whilst also refinancing its debt […]
Working with the Forum of British Pubs, a group of small brewers have launched the Small Brewers’ Forum to open the way for locally brewed beers to be sold in all local pubs. The new forum is positioned as an arm of the already well-established Forum of British Pubs, and will concentrate on breaking the […]
Aldermore bank has provided an invoice finance facility to Fluid Science, the water solutions specialist. Founded in 2016 and based in Knowsley near Liverpool, Fluid Science primarily supplies purified, deionised and demineralised water to dental surgeries, pharmaceutical manufacturers and test laboratories. In March 2020, with the onset of the Covid-19 pandemic, Fluid Science wanted to […]
