New finance council launched to help SMEs ahead of Brexit

A NEW business finance council has been set up by the government, to support small- and medium-sized enterprises (SMEs) ahead of Brexit.

The UK’s Department for Business, Energy and Industrial Strategy (BEIS) and the Treasury on Thursday announced the creation … Read More

NatWest pilots digital working capital product

HIGH street bank NatWest is taking on digital lenders with the launch of a new working capital product.

Rapid Cash offers credit of up to £300,000 based on customers’ unpaid invoices, competing with the likes of MarketInvoice and Growth Street.

… Read More

Funding Options bids for share of RBS fund to help small firms with cash flow

FUNDING Options has teamed up with Experian to bid for a share of a Royal Bank of Scotland (RBS) fund aimed at boosting competition in the business banking market.

The online business finance marketplace – which connects small firms with … Read More

Crowdstacker appoints credit committee chairman

CROWDSTACKER has hired former RBS senior corporate director Ken Hillen as its new credit committee chairman.

The peer-to-peer business lender announced the new appointment on Wednesday. Hillen has spent 40 years working in the financial services sector, having previously held … Read More

Former RBS executive joins ThinCats in business development role

THINCATS has named a former Royal Bank of Scotland (RBS) executive as director of regional business development for the East Midlands.

Sam Lewis brings more than 15 years of banking and corporate finance experience to the role, which will involve … Read More

Funding expert joins ThinCats

THINCATS has continued its expansion with the addition of funding expert Ben Kimball to cover the Yorkshire area.

Kimball brings 15 years of banking experience, including positions at Lloyds Bank Commercial Banking, Royal Bank of Scotland and Barclays, to the … Read More

Banks reject P2P lenders on money laundering concerns

PEER-TO-PEER lenders have been turned away by banks when trying  to open the client money accounts that are legally necessary for them  to operate.

Despite the vast majority of platforms now being fully regulated, Peer2Peer Finance News has seen messages … Read More

Chancellor appoints fintech envoys for Wales and Northern Ireland

FINTECH envoys have been appointed for Wales and Northern Ireland, to help the sector flourish after Brexit.

Richard Theo, co-founder and chief executive of Wealthify, has been named fintech envoy for Wales, while Georgina O’Leary, director of innovation, research and … Read More

Charles Randell named FCA chair

A FORMER lawyer who advised the government in the bailouts of Northern Rock, Royal Bank of Scotland and Lloyds has been appointed as the next chairman of the Financial Conduct Authority (FCA).

Charles Randell CBE (pictured) will take the role … Read More

Industry urges for standard default definition

Peer-to-peer lenders are backing calls for a standardised definition of defaults in the sector.

Although actual default rates are low, the definition of when a loan has failed is not consistent across all platforms, making it harder for investors to … Read More