The SME Finance Taskforce, a group of leading banks, alternative lenders, fintechs, accountancy software providers, payment schemes, credit reference agencies and industry bodies, has developed an action plan to energise the UK economy. The plan will speed up lending and access to finance for 5.5 million SMEs, which employ 60% of the private-sector workforce and deliver over 50% of UK economic turnover.

More than a quarter (27%) of the UK public has fallen into troubling patterns with their finances, with many having engaged in risky financial behaviour over the last year, according to new research from Moneyhub.

The Global FinTech Ecosystem. Connected. 

Join us as FinTech Connect welcomes world leading Fintechs, Financial Institutions, Challenger Banks, Merchants, Scale-Ups and StartUps, Investors, Accelerators and Media to the ExCeL, London on the 4th-5th of December. 

The facility is the latest line of funding secured by ThinCats and reflects the credit quality of the UK mid-sized businesses ThinCats targets its lending. CPP Investments’ funding forms part of the £700m private warehouse launched in September 2023. That facility was one of the largest, dedicated funding lines with a non-bank lender for mid-market SMEs and currently has deployed £440m.

Lloyds Banking Group has appointed Rohit Dhawan as Director of AI. He will report to Ranil Boteju, the Group’s Chief Data and Analytics Officer.

Trust Payments, a global leader in customer commerce solutions, has surpassed the £1bn+ milestone in monthly processing volumes for the first time in its five-year history.

The company reached over £1bn+ volume in July 2024, driven by the company’s diversified technology portfolio spanning payments, commerce and data.

Fingerprint Cards AB (Fingerprints) today announced the appointment of David Eastaugh as the company’s Chief Strategy and Technology Officer. He will assume his position on August 19, 2024.

Thredd, the global next-generation payments platform, today announced that Brian Kieley has joined the organisation as Chief Client Officer effective immediately.  Kieley will lead the client success function globally, including teams across the UK, Europe, APAC and U.S. regions.

Missouri Central Credit Union has chosen US-based banking tech vendor Bankjoy to upgrade its digital banking capabilities.

Chase, the largest credit card issuer in the U.S., announced an extension and expansion of its partnership with DoorDash, the premier local commerce platform. Starting today, Chase Sapphire and other eligible Chase cardmembers will receive recurring benefits on orders from grocery, convenience, and non-restaurant stores on DoorDash.