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There is an immense amount of talent here with people striving to make a difference and who care about what they are doing. My aim is to cultivate this energy and provide a platform for positive change as we evolve the business for the future.”


Revive Management is embarking on an ambitious scheme to plant a collection of the world’s largest trees, in a bid to go carbon negative and raise climate change awareness. A single Giant Sequoia (Sequoiadendron


giganteum) can capture more CO2 than the average UK citizen’s entire lifetime emissions. Revive Management has joined the One Life One Tree: The Sequoia Project, which plants these enormous trees in their own 1,000 square foot plots at select UK locations, each alongside a native oak tree to maintain UK biodiversity. Geoff Boudin, sales director at Revive,


said: “It is really important for us, and any business, to reduce our carbon impact wherever possible. Indeed, by streamlining


The February criteria index has thrown up a number of surprise results with some sectors experiencing unprecedented change according to criteria search specialist Knowledge Bank, which collects the data. It was all change in the equity release sector with an all-


new top five most popular searches in February. This is the first time that this has happened in over 12 months and demonstrates the speed with which change happens in this sector. The most popular search was by brokers seeking the minimum age of the applicant the lenders would accept. In a close second place was brokers searching for lenders offering an equity release inheritance protection guarantee. Matthew Corker, lender relationship manager from Knowledge Bank said:


Matthew Corker


“February really threw up some surprising results, most notably in the equity release sector where it was all change. The extent and speed of change in the criteria needs of borrowers from month to month shows just how essential it is for brokers and lenders to adapt to changing demands. We work with lenders every day to help them use this data to evaluate the market and adapt their criteria accordingly. Because criteria searches happen at the onset of the advice process, prior to any product sourcing, it presents lenders with an opportunity to adapt to a changing market and drives change and innovation.”


and digitising our clients’ payment processes we can play a part in helping to reduce their


New research has revealed that the gap between traditional high-street banks and digital challengers is rapidly closing. According to TransUnion’s latest Consumer Credit 2020


report, digital-only banks are only 3% behind their high street counterparts when it comes to consumer intent for current account applications. 10% of consumers said they plan on applying for a current account with an online or app-only bank in 2020, compared to 13% who intend to apply to high street banks. This is particularly true for younger generations, where


environmental impact by eliminating paper- based methods. “We do a lot of work in the energy sector


and given that those businesses are always working on innovative ways to go greener, we want to be proactive in our approach too.”


The Finance & Leasing Association (FLA) has launched a Diversity and Inclusion page for International Women’s Day. The page will serve as an information


Satrajit ‘Satty’ Saha


the intention to apply to a digital-only bank is almost three times greater for consumers aged 44 or younger, compared to those aged 45 and upwards. Satrajit ‘Satty’ Saha, chief executive of TransUnion in the UK, said: “Digital-


led and digital-only platforms – including fintechs and solutions from big tech companies – are now closing the gap with traditional providers as they continue to secure their position in the finance and payments markets. “These new challengers are proving popular with consumers seeking


competitive and tailored product offerings, with faster, more personalised service and speedy decisions. For now, traditional banks still enjoy the highest level of trust in the market; a key driver when it comes to choosing a finance provider, but digitally-led alternatives are steadily catching up. According to our research, 81% of consumers trust high street banks, whilst online or app-only banks came in second at 57%.”


March 2020 www.CCRMagazine.com


hub for members, and includes resources such as the Financial Conduct Authority’s work on diversity and inclusion, and the Women in Finance Charter toolkit. The FLA has also included their own


diversity and inclusion materials which provide sources of advice for developing D&I strategies. In his blog post for the launch of the


Diversity and Inclusion page, Stephen Haddrill, Director General of the FLA, said: “Diversity in the boardroom and amongst senior executives is good for governance, decision making, strategy development and profitability.”


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