In Reference Appointments & Updates
Compliance Association, and The Chartered Trading Standards Institute, thus further demonstrating how it is developing skills within its own industry and beyond.”
Ethoca has won ‘Most Innovative Online Solution’ at the UK Fraud Awards 2019. Ethoca won the award for Ethoca Eliminator, which is currently used by leading merchants and issuers around the globe. Keith Briscoe, Ethoca’s chief marketing
and product officer, said: “We are very proud of our win at the UK Fraud Awards and would like to thank the judges and our customers for supporting us. “As online commerce grows so too does the
need for increased collaboration between everyone in the payments ecosystem. This is why we continue to work on cutting edge innovations that deliver new, more efficient ways to help combat online fraud, improve customer experience and eliminate the need for chargebacks altogether.”
Bibby Financial Services has announced its support for the Business Finance Council’s SME Finance Charter, in a bid to improve access to finance and help for businesses during Brexit and beyond. Edward Winterton, UK chief executive,
said: “We recognise the importance of helping our clients and other SMEs to prepare for Brexit, which is why we have signed-up to the SME Finance Charter. “We have supported UK businesses for
more than 35 years and are committed to continuing this support by helping them to access the funding they need and through additional support services, throughout Brexit and beyond.”
Together Financial Services has announced the successful completion of its third residential mortgage backed securitisation (RMBS). The £332m Together Asset Backed Securitisation 2019 – 1 PLC RMBS has a 95.0% advance rate and 79.0% of the issued notes were rated Aaa(sf) by Moody’s and AAA(sf) by DBRS. The issuance was 1.5 times oversubscribed
in the AAA Notes and AA Notes, and multiple times oversubscribed on the remaining classes of notes, receiving strong support from a wide range of institutions.
November 2019
SmartSearch has announced that it has received a growth equity investment from Marlin Equity Partners. SmartSearch plays a leading role in the UK AML market,
providing its AML software to 4,000 client firms and 40,000 users, enabling them to comply with the latest AML regulations and fulfill their AML, Customer Due Diligence, and Know Your Customer compliance obligations. John Dobson, CEO of SmartSearch said: “We first met
Marlin through an investment process we ran to find a partner; the high degree of interest in our business impressed everyone and Marlin stood out from the crowd. It was clear from our first meeting that Marlin has a deep understanding of our sector, our business model and they had done their homework. They quickly demonstrated how they could add value to our business, and we had a strong meeting of minds with a common goal. “In SmartSearch we have created a unique AML compliance solution that
John Dobson
enables our clients, with minimum effort and cost, to be AML compliant in the world’s most heavily regulated market. With Marlin’s help, we can dominate the UK market and create international versions of SmartSearch to serve new clients in markets around the world.”
Gary Beckett, group managing director
and chief treasury officer of Together, said: “We are delighted to announce the completion of our latest public RMBS, which further increases the scale, diversity, efficiency and maturity of our funding base. This is our third successful public RMBS in just over two years and the strong level of demand we received from investors, many of whom had invested in our two previous RMBS transactions, demonstrates the continued attractiveness of the group’s long- term growth story.”
Shawbrook Bank has revealed it is set to launch a new and improved business savings proposition this autumn as it looks to build on its presence in the market and boost support for UK SMEs. Julian Hynd, chief operating officer at
Shawbrook Bank, said: “The needs of small businesses are central to Shawbrook Bank. We have always prided ourselves on being the bank that supports and funds UK SMEs and these latest enhancements to our savings products and proposition are very much part of that overall commitment.”
Bridging lender Fiduciam has expanded into Scotland and has now completed its first transaction there, enabling the refinancing of a Glasgow care home. This follows the opening of Fiduciam’s Manchester office in May this year, giving it the opportunity to grow its lending activities in the north of England and now into Scotland. The £1.14m loan, over a 24-month term, will allow the
care home’s owners to refinance their existing borrowing, which had financed the renovation and reopening of the care home. Fiduciam will potentially provide an additional funding line to assist the borrower with the financing of the works to extend the care home from 32 to 50 beds. Fiduciam underwriter Victor Tang said: “This is a reasonably complicated
Victor Tang
case but Fiduciam are well placed to handle this type of business, based on our previous experience of transactions involving care homes. The owners have already renovated the care home to a high standard and turned it into a profitable operation.”
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