In Reference Appointments & Updates
Recognise Bank has signalled its intention to provide the best lending support to the UK’s small and medium-sized firms by appointing two new industry sector specialists to lead the propositions. Robert Hulse joins Recognise from Shire Professional
Funding as Head of Professional Practices and will focus on businesses such as lawyers, accountants, architects and vets. Recognise believes this is an important yet overlooked sector and has designed a range of Professional Practice Loans for funding needs ranging from tax, insurance and VAT to office refurbishments and management buy-outs. Mr Hulse said: “It is fantastic that Recognise is committed to developing
Angela Norman
financial products specifically for professional practices, especially when so many other banks and lenders are becoming selective in the professions they work with and are even withdrawing, causing major funding gaps. I am looking forward to driving the development of this area and helping to support many more businesses.” Angela Norman, Head of Corporate Development for Recognise, believes
these sectors are poorly served by the mainstream banks. She said: “When we were setting up Recognise we identified a need within the professional practice and medical sectors. Both are important industry sectors for the UK, but very few mainstream banks were offering loans tailored to their business needs and financial circumstances. “Recognise is committed to supporting professional practice and medical
firms, and now, with the appointment of Robert and Jawad, we have experts who understand the unique challenges of these sectors. We aim to become trusted partners for these businesses and their brokers by helping them achieve their ambitions.”
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StepChange Debt Charity has released an update on the profile of
its clients in June – and emphasises that, while the increase in borrowing recorded in today’s Bank of England data may help boost spending in the economy, there are still too many people having to turn to borrowing to make ends meet. June trends in StepChange client
characteristics are very consistent with earlier periods: people struggling with problem debt consistently include a number of over-represented groups, and common debt types. The StepChange website had 325,000
visitors in June, with the emergency funding page continuing to be the single most-visited page, with 14,000 visitors. Around 13,000 people completed a debt
advice session with StepChange in June. One in 10 specifically cited the impact of the pandemic as a reason for their debt. Credit cards were the most common type of credit debt among new StepChange
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clients, while council tax arrears were the most common form of household bill arrears – a consistent trend.
Around three in 10 new clients in June
had a deficit budget, three in 10 were on Universal Credit, three in five were women, and 56% were under 40. Richard Lane, Director of External
Affairs at StepChange, said: “Today’s data from the Bank shows that, for the second month running, UK households in aggregate have returned to borrowing more than they repaid in consumer credit. But we should not forget that, for the hardest-pressed households, turning to borrowing to make ends meet was happening right through the pandemic too. Such households have accumulated a significant backlog of arrears.”
The Nottingham has announced its mid-year results for trading in the six months to 30 June 2021 and shared positive progress against its priorities to grow membership and return to a sustainable, profitable performance. In addition, it spoke of continued efforts to reinvent the Society for the future, by delivering traditional building society activities and independent advice services, across its branch network and digitally. David Marlow, chief executive of The
Nottingham, said: “The past 15 months have brought unprecedented challenges to our society and our communities at large. We have navigated those challenges well
Laserfiche has announced the introduction of a Digital Reopening package of prebuilt process templates aimed at supporting organisations’ efforts to restore, recover, reimagine, and rebuild work in a post-pandemic world. The new package is an expansion to an existing collection
of over 100 solution templates that allow Laserfiche users to download process diagrams, workflows, template fields and reports, all of which can be configured to fit an organisation’s specific operational requirements for rapid solution deployment. Linda Ding, senior director of strategic marketing at Laserfiche said:
Linda Ding
“Laserfiche is committed to supporting organisations across industries in their quick response to recovery from the pandemic. We worked with innovative customers, industry leaders and technology partners to develop this package’s low-code workflow templates that can be deployed quickly, with the goal of increasing accessibility of services and visibility into safety procedures when employees, customers, students and constituents need them most; and reclaiming time for organisational leaders to focus on the well-being of their communities, and the future of their enterprise.”
www.CCRMagazine.com August 2021
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