Cashfloat Awarded Full Authorization Status in Short Term Credit Sector

Cashfloat Awarded Full Authorization Status in Short Term Credit Sector
17.05.2016 08:15 am

Cashfloat Awarded Full Authorization Status in Short Term Credit Sector

Alternative Finance

Cashfloat.co.uk has been awarded Full Authorization status in the highly regulated High Cost Short Term Credit sector, by the Financial Conduct Authority (FCA).

The Financial Conduct Authority (FCA) aims to protect consumers of the UK’s financial services industry, ensuring businesses are run with integrity and with the consumers’ best interests at heart.

Western Circle Ltd (WCL), a London-based lending company trading as Cashfloat.co.uk, recognised the need for a new type of short term lender; one that not only follows the rules, but builds their entire business around the policy objectives behind them. Their efforts have gained the approval of the FCA, who have awarded them a full license as a high-cost short-term credit lender after thoroughly investigating the company’s strategy and lending procedures.

“We started Cashfloat because we saw an urgent need to revolutionise the short term credit market, providing people with a safe and friendly option and giving every customer the personal attention they deserve. We’re proud that the FCA have recognised our dedication to our consumers and have given us a full authorisation to continue providing responsible service to the UK,” says Jeremy Lloyd, Director at WCL.

Constantly developing new technology, publishing financial guides and raising public awareness of relevant issues, Cashfloat invest endless efforts in treating customers fairly while maintaining sustainable profits. Their honest and open approach to business is a refreshing change in the highly competitive short term lending market, and as a now fully-authorised lender, Cashfloat aim to continue being industry leaders in business integrity and FCA compliance.

Related News

Sopra’s Financing Platform Helping Fuel Hyundai Capital America’s Expansion

Sopra Banking Software announces the go-live of its Cassiopae leasing and lending software at Hyundai Capital America (HCA). Cassiopae, part of the Sopra Financing Platform, is... Read more »

Sopra Banking Software Releases Cassiopae V4.7 as Scheduled

Sopra Banking Software released on March 31 Cassiopae V4.7, a leasing and lending application, which is part of the company’s Sopra Financing Platform. The company met the... Read more »

Washington Trust Bank Expands Partnership to Baker Hill NextGen

Baker Hill, the leading financial technology provider in delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics,... Read more »

Smartlands to Revise and Expand Legal Framework, Base Future Projects on Liechtenstein Law

Smartlands, the next-generation blockchain-based global investment and digital banking ecosystem, will be expanding its legal framework in... Read more »

State Street Announces New Partnership With iCapital Network

State Street Corporation (NYSE: STT) today announced it has entered into a new partnership with iCapital... Read more »

5 ways that digital technology can help small businesses

5 ways that digital technology can help small businesses

Technology is growing fast and ever-changing. Processes are becoming more efficient and many... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel