In Reference Appointments & Updates
Aten Global, a specialist in the design, installation and implementation of innovative solar renewable power solutions, is extending its global reach following a working capital injection of £240,000 from Reward Finance Group. The company, which was established
just over a year ago, has already generated more than £1m in sales, with its latest projects being completed in Saudi Arabia and Jamaica. Finance director of Aten Global, Nana Amonoo, said: “The growth of the
l to r: Les Pyles, Nana Amonoo, Keenan Gratrick
incuto will use the platform to help clients
evaluate credit applications, with transaction data used to gain a more accurate insight into a customer’s circumstances and their affordability for borrowing. Lisa Fretwell, managing director of data
services at Experian, said: “Credit unions and community banks play an important role in helping people access affordable financial services. “It is vital that lenders are able to make
business over the last 12 months has been phenomenal. However, to progress the growing number of tenders, and complete the existing projects, requires a significant amount of working capital, especially the recent large-scale Jamaican contract.”
>>
period – with 115 areas expected to be hit – asset-finance firm Hitachi
Capital has set up a multi-million 0% interest Rural Emergency Fund to support flood-hit rural and local businesses in meeting unforeseen costs. Gavin Wraith-Carter, general manger at
Hitachi Capital Business Finance, said: “Hitachi Capital has a long-standing involvement in the agricultural and commercial industries and it is important for us to stand shoulder to shoulder with them when they tackle the implications of extreme weather, which can put their business at risk. The feedback from our approved brokers and vendors is that farmers and rural businesses are going to need financial support through this tough and challenging time.”
1st Stop Group, the specialist consumer lender, is delighted to announce it has passed £250m of outstanding loans. 1st Stop Group – a portfolio company
of Pollen Street Capital, the independent alternative asset investment management company – reaches this milestone having undergone significant growth across its secured lending, car finance and personal loan products. This growth has been driven by a detailed understanding and experience of its markets and through a focus on consumers who are underserved by the larger mainstream competitors. Alex Mollart, founder and chief executive, said: “We are excited to have achieved this
48
milestone and we look forward to moving towards our next goal of £500m towards the end of 2020. There are some very exciting projects being worked through within the business currently and we have a number of significant strategic launches due within the first quarter of 2020. These launches will help accelerate our growth and continue our ethos of putting the customer and our people first.”
Fintech provider incuto will use Experian’s Open Banking solution to support its work in the ethical banking sector. The new partnership will see incuto use
Experian’s Open Banking Platform to provide new solutions and products for its credit union and community bank clients, which can help people access affordable mainstream credit.
an accurate assessment of someone’s affordability, and this is especially important for credit unions because customers may have encountered financial difficulty before.”
LendingMetrics has won two top awards for its technology at the prestigious Lending Awards. The credit risk and collection platform
supplier scooped Best Technology Partner – Data, Open Banking & Affordability and Best Credit Information Provider at the awards held in London. LendingMetrics director, David Wylie,
said: “We are again over the moon to see that our groundbreaking technology is recognised by a panel of expert judges. Our automated decisioning product ADP is turning underwriting upside down by delivering massive cost savings and real-time decision making.”
Over half (54%) of the UK’s SMEs, equating to 3.1 million businesses, admitted that they had not prepared in any way for Brexit ahead of the previous 31 October deadline,
Fiduciam, that last month announced it had met its staffing target for 2019, has just completed its best month since being established. The company granted £43.5m of new loans in October. Fiduciam announced its largest loan in Germany to date
and all the countries that the company lends in (UK, Ireland, Spain, the Netherlands, and Germany) contributed to the total loans arranged in October. Johan Groothaert, CEO, said: “The void left by the
Johan Groothaert
traditional banks means that demand for our loan product continues to grow across the UK and different European jurisdictions in which we lend. Our pipeline is very strong going into the end of the year and further consolidation in the marketplace lending sector will put us in an excellent position entering 2020.”
www.CCRMagazine.com December 2019
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52