BNPL lender Zilch has started reporting its 3 million customers’ borrowing data to UK credit bureaus, in a way that will impact credit scores of up to 3 million customers. Until now Zilch has had partnerships with individual credit bureaus like Experian, but has only used this data as part of its affordability assessments to perform “soft” credit checks…
Till now, BNPL (‘buy now pay later’) methods of payment have been offered across many leading retailers, garnering popularity within the beauty and fashion industry. Some of the biggest players in this space – like Klarna and Zilch – have ventured slightly further from this in the recent weeks, as they begin to promote their…
The UK government faces growing pressure to toughen the rules on lenders charging a majority of customers higher interest rates than originally advertised. As outlined by the FCA, banks and other regulated lenders must offer rates as advertised, to at least 51% of their borrowers. This measure is intended to prevent people from accepting ‘attractive’…
ESG performance is becoming an increasingly vital component for the financial performance of assets within the UK commercial real estate sector. More and more real estate investors and owners recognise that they will see the value of their assets decline if they do not make the transition to net zero. According to one study, over…
As a company, we believe it’s important to fulfill our corporate social responsibility and make efforts towards a greener working environment. Around the office, our sustainability monitors provide real time data to assess the quality of the air we breath, in spaces we work in every day. As we start to see more mask-less faces,…
BNPL’s are all the rage. Just ask Monzo, who are another lender capitalising on their rise. Having unveiled a new BNPL product with a £3000 limit, they join a market that is dominated by companies like Paypal and Klarna. The digital bank will still need to carry out affordability checks before lending and must treat…
This month, we witness the second stage of a new bill in Ireland, designed to increase protections for those involved in PCP agreements. During this stage, the debate centers around an extension of the Central Bank’s Consumer Protection Code which, amongst other things, would require auto-finance lenders to assess the suitability of their product…
What is Binance? Binance.com is a centralised online exchange platform, offering users a range of financial products and services, including purchasing and trading digital currencies, as well as digital wallets, securities, savings accounts and even lending. Where do the FCA stand? The Financial Conduct Authority refuses Binance from conducting any “regulated activity”…
The Financial Conduct Authority is introducing greater protections for retail clients by introducing a new consumer duty principle, aimed for firms providing and advising on products and services. In turn, this will increase the responsibility of firms to ensure consumers are provided with the products and services that are best fit for purpose and represent fair value. Firms are…
Quadrin MENA has recently won an IT Infrastructure Assessment contract with one of the largest and most prestigious universities in South Asia. This is a significant achievement in terms of Quadrin’s growth into Technology Diligence.