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Starling Bank launches one-year saver product for SMEs

News | Online & Mobile Banking | 17 Feb 2023

Starling Bank has launched a one-year saver product for its SME customers with a 2.5% fixed interest rate over one year on balances of GBP 2.000 or more.

banks, product launch, SMEs, fintech, banking license

UK government puts banks in the spotlight after releasing BBLS data

News | Online & Mobile Banking | 01 Aug 2022

The UK government has published the first figures on the performance of its three emergency COVID-19 loan guarantee schemes, pushing banks like Starling Bank to explain their reliance on state-back funding.

banks, COVID-19, SMEs, acquisition, data

Debt and financial vulnerability and the customer experience

Voice of the Industry | Payments General | 23 Jun 2022

Rising costs and uncertainty are putting a strain on consumers and organisations. Michael Backes from receeve shows us how to overcome these burdensome moments.

customer experience, financial inclusion, payment methods, risk management

Starling Bank to acquire mortgage book worth GBP 500 mln

News | Payments General | 14 Jun 2022

Starling Bank has agreed to acquire a mortgage book worth about GBP 500 million, as the digital challenger attempts to broaden its assets beyond COVID-19 loans.

banks, COVID-19, acquisition, challenger bank, digital banking

The hidden underbelly of the stimulus fraud crisis

Voice of the Industry | Digital Identity, Security & Online Fraud | 02 Jun 2021

Gareth Campbell and Andrew Dunn of BioCatch unveil how criminals continue to take advantage of government stimulus programs more than a year after the pandemic began

fraud management, cybersecurity, fraud prevention, data protection, artificial intelligence, account takeover

Mergers & acquisitions in the fraud prevention space – the last 12 months overview

Voice of the Industry | Digital Identity, Security & Online Fraud | 10 Dec 2020

Simona Negru, content editor at The Paypers, has outlined an overview of the most important mergers and acquisitions in the fraud space and the reasons behind their business strategies

mergers, acquisitions, Simona Negru, The Paypers, fraud prevention, ecommerce, digital transactions, KYC, identity, compliance, financial services, banking, merchants, ATO, online channel, digital onboarding, identity verification, fraud detection, risk management

Challenger banks, oases for SMEs - interview with Starling Bank

Interviews | Online & Mobile Banking | 24 Nov 2020

Anna Mitchell, Starling’s Head of Marketplace, shares the recipe behind the success of Starling and how the challenger bank is positioned to enable SMEs to thrive in challenging times with the use of APIs

Anna Mitchell, Starling, SMEs, APIs, incumbents, payments , lending, financial institutions, digital banking, alternative financial services, fintechs, challenger bank, invoice insurance, digital receipts, Coronavirus Business Interruption Loan, Bounce Back Loan Schemes, TPPs

Best practices to successfully serve SMEs – now and post COVID-19

Voice of the Industry | Payments General | 03 Nov 2020

Anders la Cour of Banking Circle on how financial institutions can equip themselves to meet SMEs’ needs and new approaches to support SMEs for a profitable, sustainable future in the next normal 

Anders la Cour, Banking Circle, SMEs, payments , banking, COVID-19, fintech, lending, finance

Study reveals the lack of adoption of open banking into commercial lending

News | Online & Mobile Banking | 19 Oct 2020

An international study of over 1,000 senior professionals in the banking, lending, PFM, investment, and retail sectors has revealed the lack of adoption of open banking into commercial lending. 

Open Banking, commercial lending, study, security, banks

UK-based taxpayers face GBP 26 bln loss due to BBLS fraud and defaults

News | Digital Identity, Security & Online Fraud | 08 Oct 2020

The National Audit Office (NAO) has raised concerns that taxpayers might lose up to GBP 26 billion due to fraud and defaults on the Bounce Back Loan Scheme (BBLS).

UK, taxpayers, BBLS, fraud, defaults, National Audit Office, NAO, Bounce Back, loan scheme, Starling Bank, TIde, COVID-19, small businesses, fintechs, sole trader business accounts

The UK Chancelor of the Exchequer extends CBILS

News | Payments General | 28 Sep 2020

The UK’s Chancelor of the Exchequer has reported intentions to extend the government loan schemes that have been helping SMEs stay afloat throughout the coronavirus pandemic. 

UK, Chancelor of the Exchequer, CBILS, government loan schemes, SMEs, coronavirus, pandemic, financial aid, fintechs, alternative lenders, accredited lenders, banks, CLBILS, Bounce Back Loans, loans, Future Fund, convertible loans, repayment, Pay As You Grow

British Business Bank grows SME support to GBP 8 bln

News | E-invoicing, SCF & E-procurement | 16 Sep 2020

The British Business Bank (BBB) has grown its stock of support to small- and medium-sized enterprises (SMEs) to GBP 8 billion, with most coming through alternative lenders.

British Business Bank, SMEs, lending

UK-based lenders support 1.2 mln businesses amid pandemic

News | Payments General | 12 Aug 2020

UK-based lenders have provided support to over 1.2 million businesses through government-backed loan schemes, according to HM Treasury statistics. 

UK, United Kingdom, SMEs, lenders, loan, pandemic, government-backed loans, loan schemes, BBLS, CBILS, funding, small businesses, coronavirus, large businesses

UK-based alternative lenders' access to BoE's fund scheme blocked by incumbents

News | Payments General | 14 Jul 2020

HM Treasury has told non-bank lenders dishing out government-backed loans that they won’t have access to finance from the Bank of England, according to altfi.com. 

UK, alternative lenders, BOE, Bank of England, incumbents, HM Treasury, non-bank lenders, government-backed loans, British Business Bank, fintech loans, fintech

Tide pauses its Bounce Back Loan Scheme

News | E-invoicing, SCF & E-procurement | 10 Jul 2020

Tide has announced, in a letter to its 150.000 SME customers, that it would not be resuming its Bounce Back Loan Scheme (BBLS).

TIde, Bounce Back Loans, SMEs, BBLS, loans, fintech

Greensill, Metro Bank, OakNorth, and Secure Trust Bank join CLBILS

News | Payments General | 11 Jun 2020

The British Business Bank has announced new lenders added to its coronavirus lending schemes.

Greensill, Metro Bank, OakNorth, Secure Trust Bank, CLBILS, lenders, British Business Bank, UK, coronavirus, lending scheme, government-backed loans, Growth Lending, inFund, Invocap, NEL Fund Managers, Triple Point, Paragon Bank, CBILS, Bounce Back Loans

Starling Bank secures EUR 44 mln in fundings

News | Online & Mobile Banking | 29 May 2020

Starling Bank, a UK-based challenger bank, has raised an additional EUR 44 million in funding.

UK, challenger banks, banks, Starling, Harry McPike, JTC, Merian Chrysalis Investment Company, SMEs, coronavirus, COVID-19, Coronavirus Business Interruption Loan Scheme, CBILS, Bounce Back Loan Schemes

OakNorth receives GBP 160 mln in government-backed loans

News | Payments General | 22 May 2020

OakNorth has received a new tranche of cash from the government to lend to companies hit by the coronavirus pandemic.

OakNorth, loans, coronavirus, British Business Bank, economic stimulus package, CBILS, CLBILS, BBL, lenders

MarketFinance, Capital on Tap secure CBILS and Bounce Back Loan approvals

News | Payments General | 13 May 2020

The British Business Bank has approved MarketFinance and Capital on Tap, among other lenders, for accreditation under both the CBILS and BBL schemes.

MarketFinance, Capital on Tap, British Business Bank, CBILS, BBL, Bounce Back Loan, Bank Leumi, Shawbrook Bank, Bank of Ireland UK, Skipton Business Finance, SME, government-backed guarantee, loans, Starling Bank, OakNorth, Funding Circle

Temenos supports UK banks to accelerate loan applications

News | Online & Mobile Banking | 13 May 2020

Temenos, a banking software company, has announced that its Temenos Infinity digital omnichannel product is supporting UK-based banks to accelerate loan applications under the government’s Bounce Back Loan Scheme.

Temenos, UK, banks, Bounce Back Loans, COVID-19, coronavirus, banking, software, Temenos Infinity, digital, omnichannel, loans, Coronavirus Business Interruption Loan Scheme, CBILS, SMBs, SMEs, Explainable AI, XAI, AI