Keith McGill, head of fraud & ID at Equifax UK, believes higher fraud threats in the short term will pave the way for a securer ID landscape: “The current pandemic has forced rapid and wholesale changes to our lifestyles and opened the digital doorway for opportunistic fraudsters, escalating threat levels to new highs. This in […]
Mint Bridging has become the latest lender to join the Association of Short Term Lenders (ASTL). Mint Bridging offers bridging finance for borrowers, developers and investors, with loans available up to £5m for property purchases, developments, auction purchase, business cash flow, investments and more. Paul Wertheim, operations director at Mint Bridging, says: “We join the […]
Landbay, one of the UK’s leading buy-to-let lenders, has launched a new funding partnership with a UK bank. This deposit-taking bank will fund mortgages originated by Landbay and hold them on their balance sheet. This partnership complements Landbay’s current institutional funding arrangements and will allow Landbay to broaden its product range, which is available to […]
The Office of National Statistics (ONS) retail sales figures for June showed sales soared by over 13% compared to May, to reach near-normal levels. In fact, with fuel sales excluded, they actually beat June 2019’s figures by 1.5%. However, the home delivery expert ParcelHero is warning stores that the devil is in the detail, and […]
NatWest have announced a partnership with Synalogik, a member of their Entrepreneur Accelerator programme, to provide an innovative software platform that will allow the bank to automate their compliance and intelligence checks. Synalogik was formed in 2018, and joined the NatWest Bristol Accelerator hub in April 2019, gaining support from the bank’s Entrepreneur and Fintech […]
A company that makes bespoke fitted furniture says that a six-figure funding package from Lloyds Bank means it will return from lockdown ready to capitalise on customers’ growing desire to work and socialise at home. Greater Manchester-based Bluebell Fitted Furniture was founded by directors Mike and Alison Reuben in 1992 and specialises in the design, […]
NatWest Group today published its Social Bond Interim Impact Report, providing a first look at the impacts of its inaugural social bond. The Group estimates that ~6,900 full-time jobs have been created through the amount of lending equivalent to the bond proceeds, in some of the most deprived parts of the UK, supporting more than […]
The latest ONS retail figures show growth for the first time since lockdown began at 13.9%. Yet this presents a fraction of what is required to make sufficient inroads into the debt that retail businesses have built up during lockdown says RSM. Despite continuing record spending on food sales, total retail sales in the quarter […]
The total value of construction contract awards in June 2020 was £2.2bn based on a three-month rolling average. Compared to May, this is a decrease of 9.2% and is also 57.3% lower than June 2019. However, contract award numbers in June increased by 81.4% to 477, signalling an improvement in conditions. The latest edition of […]
Digital lender Selina Finance has completed a £42m Series A fundraise, it announced today. The funding includes £12m in equity and £30m in debt lines and will boost the company’s growth as they look ahead to launching a consumer product later this year. The equity funding, raised from a range of leading fintech investors including […]
