Fraud prevention service, Cifas has released new figures showing that identity fraud has continued to rise at record levels in the first six months of 2017. A record 89,000 identity frauds were recorded, up 5% from last year. Representing over half of all fraud recorded by the UK’s not-for-profit fraud data sharing organisation, 83% of…
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ABN AMRO Commercial Finance (ACF) has appointed Andrew Johnston as UK Head of Sales SME. Johnston will lead a team of business development managers located across England and Wales focused on supporting SMEs with funding requirements up to £10m. With over 26 years’ experience in financial services, Andrew joins ACF from the Royal Bank of…
Read moreSiemens Financial Services (SFS) has appointed Julian Hobbs as Chief Executive Officer of the Commercial Finance division. Hobbs joined the SFS Commercial Finance business in December 2010, following previous sales and risk roles in the asset and receivables financing industries, more latterly as Managing Director of Deutsche Leasing’s operations in the United Kingdom and Ireland.…
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SMEs are increasingly concerned over their ability to gain funding in the run up to Brexit, a survey has revealed. The study, commissioned by specialist insurer Hiscox, has found that recent economic and political uncertainty has adversely affected business confidence, and caused concern for the future as Britain’s withdrawal from the EU becomes nearer. This…
Read moreManufacturing continues as the principle driving force behind business confidence in the UK, according to the latest results (Q2 2017) from the UK’s Credit Managers’ Index (CMI), the quarterly barometer from the Chartered Institute of Credit Management (CICM). The 1.3-point rise experienced in manufacturing sees the Index close at 64.0, another all-time CMI high. The…
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New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 16% in June, compared with the same month last year, and by 12% in the second quarter of 2017 overall. The plant and machinery finance and IT equipment finance sectors reported new…
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Credit insurer Atradius has released a new trade report covering the Middle East and Northern African (MENA) economies. Alun Sweeney, Country Director for UK & Ireland at trade credit insurer Atradius, said: “Businesses are constantly striving to seek new trade opportunities, and build trading relationships, whether as a potential export or import partner. However, success…
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New figures released by the Finance & Leasing Association (FLA) show that the second charge mortgage growth continued in June. Commenting on the June 2017 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said “In June, the second charge…
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Risk solutions specialist, TruNarrative has partnered with Creditsafe, to synchronise their data and provide unparalleled KYC, AML and fraud protection to businesses all over the world. TruNarrative customers can now utilise the Creditsafe data as part of a published TruNarrative journey or directly via the TruNarrative app store. This allows for data and checks to…
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Business Peer to Peer lender ArchOver has appointed Nick Jones as Regional Director. He will be responsible for growing the business’s network of borrowers across the Thames Valley and Chiltern areas as part of ArchOver’s aim to lend more than £60 million by the end of the year. Jones brings nearly 40 years’ experience in banking…
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Euler Hermes, the world’s leading trade credit insurer, has issued an assessment of the progress the world has made a decade on from the onset of the Global Financial Crisis. Ludovic Subran, chief economist at Euler Hermes said “After one of the most tumultuous decades in both living memory and by any historical measure, we…
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Creditsafe has published a Credit Worthiness Premier League table. The research has revealed that Chelsea is set to be relegated from the 2017 Premier League – if the final standings were based on company credit ratings. Despite having a turnover of over £335million, the football club finds itself with the third worst credit score in…
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Business finance company MarketInvoice, the business finance company, reveals insights from a survey of businesses on their funding needs and wider concerns. When it comes to making business funding decisions, over half (56%) of business leaders reported that accountants are their most important external advisers when considering business finance options. They are twice as important to…
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