In Reference Appointments & Updates
Lisa Fretwell, managing director of data
services at Experian, said: “Money launderers use complicated corporate structures to hide the flow of illicit funds. Funds are often transferred between these businesses and the complex structures are used to frustrate financial crime investigators as they try to identify where the money has come from. “The task facing companies who want
to manually carry out effective anti-fraud checks on their customers is sizeable, and often impossible. It is a classic case of information overload, so it is vital businesses use an analytical platform to make the highest quality decisions.”
Nucleus Commercial Finance and Paragon Bank have announced a £25m funding line that will support more SMEs through secured loans and property finance. The new funding line is in addition to the existing £50m in funding that Nucleus has specifically for its property finance product. Chirag Shah, CEO, Nucleus Commercial
Finance, said: “We are getting on with the job of supporting businesses in 2020 and are delighted to be starting the year by announcing this new funding line with Paragon Bank. This funding will accelerate the support we are able to offer to SMEs who are struggling to secure funding from traditional banks. Working with Paragon Bank highlights our strength in this space and is a testament to the strong sourcing,
The Right Mortgage and Protection Network is celebrating half a decade of supporting the UK’s mortgage and protection brokers, and firms, in all areas of business. They have secured relationships with
lenders and providers in order to provide their members with a holistic proposition to support their firms. Chief executive, Martin Wilson, said “We are proud of the continued growth
The Right Mortgage & Protection Network team
and success of our network over the last five years, but we would not have been able to achieve our goals without the work of our dedicated staff, and, of course, our members and provider partners, many whom have been with us from the very start.” Managing director, Adam Stretton, added: “Over the past five years, as we
have grown and evolved, so have our products and services. We have also had the pleasure of watching our members grow with us, and are excited to see what will happen in the future.”
February 2020
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TransUnion is proud to have raised £11,300 for child protection charity NSPCC in support of its Childline service, which provides young people with a place to turn to for help. TransUnion’s colleagues supported
this initiative with a host of activities throughout 2019. These included a trek to Everest Base Camp and participation in the Welsh 3,000s, with a dedicated team climbing 15 mountains, totalling over 3,000 feet, in less than 24 hours. Tim Bradshaw, NSPCC regional corporate fundraising manager said: “We
are really grateful to TransUnion for this donation to our Childline service. The funds raised will enable us to provide more resource, ensuring we can be there for children that need our protection and support.” Rebecca Aberdein, HR director for TransUnion in the UK added: “We have
built a really strong partnership with the NSPCC over the past year and are delighted with the funds we have raised for Childline. We aim to be a force for good in our communities and child protection is a key focus for us globally. It has been great to put that into practice here in the UK by supporting the invaluable service that Childline provides. “We will be continuing this theme in the year ahead, as our colleagues have
nominated Save the Children as our charity partner for 2020. We are really looking forward to working together to raise greater awareness of the issues young people are facing, as well as much-needed funds to help protect, educate and care for children around the world.”
underwriting and execution capability we have at Nucleus.”
Figures released by the Finance & Leasing Association show total asset finance new business (primarily leasing and hire purchase)
in November 2019 was at a similar level to the same month in 2018, but grew by 6% in the 11 months to November 2019. The IT-equipment finance sector
reported a second consecutive month of strong double-digit growth in November 2019 as new business increased by 41% compared with the same month in 2018. By contrast, the commercial-vehicle finance and plant and machinery finance sectors reported falls in new business of 7% and 6% respectively, over the same period. Geraldine Kilkelly, head of research and
chief economist at the FLA, said: “Increased Brexit-related uncertainty hit business confidence in the final quarter of 2019. However, the asset finance market continued to report growth in the eleven months to November and, within the overall total, new lending to SMEs grew by 5%. “Our latest research shows that the
percentage of investment in machinery, equipment, and purchased software funded by members in the 12 months to September 2019 was 37.8%, the highest for almost 11 years.”
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