Evidence continues to emerge demonstrating the scale of the crunch on household finances and its likely consequences as the UK emerges from the pandemic, according to the March 2021 Money Statistics, produced by The Money Charity. The March Budget brought welcome news of extended supports and measures, now lasting until September 2021, which will assist…

A new KIS Finance survey has revealed some of people’s financial concerns relating to lockdown restrictions easing and the pressure to socialise again with nearly 40% are concerned about being able to afford socialising after lockdown. The company’s research has found that 38.1% of people are concerned about overpressure from friends and family to go…

A new government-backed loan scheme launches to provide additional finance to those businesses that need it. The scheme is offering loans of as much as 10 million pounds to businesses, the Treasury said. The government is providing an 80% guarantee for all loans, and interest rates have been capped at 14.99% — though they’re expected…

Money-saving app Snoop has announced that it will use an AI-driven personal loans solution from Accepty. The partnership will enable Snoop customers with access to tailored ‘personal’ loan solutions. John Natalizia, Snoop CEO, said “Our partnership with Accepty is all about creating the most intelligent personal loan matching service in the market. Accepty will help Snoop…

European Bank, Ikano has announced that Regtech platform TruNarrative will provide its digital onboarding and global fraud risk management platform. Founded by the family behind global retailer IKEA, Ikano Bank offers simple and fair banking and financing. They offer both direct to consumer products; credit cards, loans and savings accounts, along with extensive facilities to…

Bounce Back Loan Scheme (BBLS) fraud, where companies apply for multiple government-backed loans to exceed lending caps, could be far lower than anticipated and points to the success of the scheme and creditor checks, according to data from the latest Equifax Market Pulse series. Previous estimates of how much the BBLS could lose to fraud…

Aryza Lending Solutions, part of the Aryza Group has become the latest organisation member to join the Vulnerability Registration Service (VRS). The membership means that Aryza Sentinel Loan Management system is now integrated with the Vulnerability Registration Service. As a result, lenders using the Sentinel Loan Management system to support their loan applications will be…