Nick Nicholls

⭐🤩 Chaser has been shortlisted for Supplier of the Year at the CICM British Credit Awards 2025! 🤩⭐ Thank you to the Chartered Institute of Credit Management (CICM) for this recognition, which reflects Chaser’s commitment to delivering efficient and innovative credit management solutions 🧡 This recognizes Chaser's efforts to help businesses worldwide improve cash flow and reduce late payments through features like... 📞 Auto-call: Automated, scheduled reminder calls to reach debtors over the phone without any time or effort ☎️ In-app calls: Integrated calls and call recordings within the platform, allowing credit teams to easily contact and follow up with debtors 📬 Letters: Automated postal reminders with QR codes for fast, convenient payment 📈 Revenue forecast: Data-driven insights that support cash flow planning and forecasting Find out more about why Chaser was selected and what this nomination means ✅ https://hubs.li/Q02Y1RLl0 #BCA2025 #CICMBritishCreditAwards

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🎯 Strategic compliance made simple: Master FCA Consumer Duty Board reporting requirements. Practical insights for financial firms and compliance teams. https://lnkd.in/eXdaZhhz #FCACompliance #UKBusiness #RegulatoryCompliance 📑 💡

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🎯 Strategic compliance made simple: Master FCA Consumer Duty Board reporting requirements. Practical insights for financial firms and compliance teams. https://lnkd.in/eXdaZhhz #FCACompliance #UKBusiness #RegulatoryCompliance 📑 💡

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🎯 Strategic compliance made simple: Master FCA Consumer Duty Board reporting requirements. Practical insights for financial firms and compliance teams. https://lnkd.in/eXdaZhhz #FCACompliance #UKBusiness #RegulatoryCompliance 📑 💡

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🎯 Strategic compliance made simple: Master FCA Consumer Duty Board reporting requirements. Practical insights for financial firms and compliance teams. https://lnkd.in/eXdaZhhz #FCACompliance #UKBusiness #RegulatoryCompliance 📑 💡

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🎯 Strategic compliance made simple: Master FCA Consumer Duty Board reporting requirements. Practical insights for financial firms and compliance teams. https://lnkd.in/eXdaZhhz #FCACompliance #UKBusiness #RegulatoryCompliance 📑 💡

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✨ A Historic Day for CDFIs, but the Job’s Not Done ✨ Today’s announcement of these fantastic initiatives is a real milestone for the CDFI sector. The £150m Community ENABLE Funding Initiative and £4m Capacity-Building Programme are a huge step forward in supporting underserved businesses and recognising the vital role CDFIs play in driving inclusive economic growth. At Purple Shoots, we’re thrilled to see this progress. But we can’t help reflecting on the gap that still exists for many businesses—particularly those needing loans under £25,000. These are the sole traders, microbusinesses, and community-led enterprises that form the heart of our economy. Yet, they’re often overlooked. Last year, more than half (55.5%) of our borrowers had been turned away by other lenders, including the Start-Up Loan Scheme. We know that 28% of Start-Up Loan applicants are rejected outright. That leaves a significant number of entrepreneurs with nowhere to turn. This is where Purple Shoots steps in. But the truth is, as of today, we have 10 loans ready to go—loans that could change lives, create jobs, and spark growth in our communities. And yet, we simply don’t have the lending capital to meet the demand and disburse the loans. While we celebrate this incredible news for loans above £25,000, we also want to shine a light on the need for funding at the smaller end of the spectrum. Microbusinesses and sole traders are small businesses. They deserve the same opportunities to thrive. We’re committed to filling this gap, but we can’t do it alone. We need the backing of partners and funders who believe, as we do, that every business—no matter how small—deserves a chance. 💜 Let’s celebrate this momentous day while continuing to work for a system that truly works for everyone. #CDFIs #Microbusinesses #InclusiveFinance Responsible Finance #SocialInvestment #ImpactInvestment Fair4All Finance British Business Bank

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KBRA released a #research report evaluating the #UK building society sector. KBRA believes the overall #creditworthiness of the UK building society sector remains resilient despite continuing challenges related to Brexit, the post-pandemic recovery, elevated #inflation, #interestrate rises, and Russia’s invasion of Ukraine, all of which weigh on the UK #economy. Read the full report here: https://lnkd.in/eGsVu7qh | #financialinstitutions #insightfulresearch

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The model that the Bank of England uses to make economic forecasts has “significant shortcomings”, a review commissioned by the Bank has found as it recommended dedicating more resources to the job. Click the link below to read the full article ⬇ #bankofengland #commissioned #jobs

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Zopa Bank Amasses £4 Billion in Customer Deposits "Launched in June 2020, the milestone makes Zopa one of the fastest digital banks in the UK to turn an annual profit." https://lnkd.in/enJpvDxj #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Missed our #NHS Staff Bank white paper? This is a quick read, full of valuable insights on how we drive cost savings and embed a zero-tolerance for off-framework agency use. Click here to download: https://lnkd.in/eij3C_Pj

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⚠️ 💭 Don’t wait too long to address the FCA’s new data reporting requirements The FCA has expanded its reporting requirements to include a broader range of consumer credit firms within PSD reporting. Impacted firms are required to provide data on lending decisions and account performance. This data will provide the FCA with a unique insight into lenders and the overall market. 👇 Swipe through the slides below to learn if you are impacted and what actions are required. #4most #FCA #ProductSalesData #ConsumerCredit

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Three in Four UK Financial Services Firms See Digital Trust as a Key Strategic Focus – Do You? https://lnkd.in/eK5sPkBE #UnlockingDigitalID #Videosign #IDverification #RemoteContracting

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𝐓𝐡𝐢𝐫𝐝 𝐓𝐢𝐦𝐞, 𝐒𝐭𝐢𝐥𝐥 𝐭𝐡𝐞 𝐂𝐡𝐚𝐫𝐦: 𝐃𝐞𝐜𝐨𝐝𝐢𝐧𝐠 𝐒𝐭𝐚𝐫𝐥𝐢𝐧𝐠'𝐬 𝐏𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐥𝐞 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 📈 Starling Bank's FY24 results are a resounding success story, highlighting the continued maturation of a prominent UK challenger bank. Not only did it achieve a significant pre-tax profit of £301.1M (up 57.4% from FY23), but it also witnessed impressive growth across several key metrics - including a 56% surge in total income and a customer base reaching 4.2 million. 🔍 Let's dissect the strategy behind these numbers: 1️⃣ The Power of Strategic Niche Banking ▪️ Its focus on niche markets, particularly SMEs, has proven remarkably successful. By catering to specific business needs, Starling tailors its products and services for maximum impact, leading to higher customer satisfaction and retention. By streamlining processes for a well-defined customer segment, Starling achieves significant cost savings, further bolstering profitability. 2️⃣ Technological Innovation as a Force Multiplier ▪️ Starling's investment in cutting-edge solutions like AI and cloud computing translates to streamlined account-opening processes fueled by automation, significantly improving customer acquisition and reducing operational costs. Real-time data analysis allows for personalised offerings, dynamic interest rates, and improved risk management, all of which contribute to a stronger financial position. 3️⃣ The Global SaaS Springboard ▪️ Its Engine by Starling platform, a SaaS solution for other banks, is a strategic move. Engine provides a consistent, scalable revenue stream that complements its core banking business, reducing reliance on a single market. Success with Engine positions Starling as a technology leader, attracting potential partners and investors worldwide. ________________ Our premium report, 𝐒𝐭𝐚𝐫𝐥𝐢𝐧𝐠'𝐬 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐫 𝐁𝐚𝐧𝐤 𝐏𝐥𝐚𝐲𝐛𝐨𝐨𝐤, dives into the strategic brilliance behind their success to help you uncover the bigger picture: 🔸Discover how Starling attracts and retains a loyal customer base. 🔸Learn about its unique approach to financial products and services, designed to cater to a tech-savvy generation. 🔸Understand how Starling leverages technology to streamline operations and deliver a frictionless customer experience. Understand Starling's playbook and gain valuable insights that take your fintech strategy to the next level! 👉: https://lnkd.in/dFKQDqCN #fintech #digitalfinance #digitalbanking #profitability #SaaS #Starling

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👉 NEW REGULATORY GAP ANALYSIS TEMPLATE PUBLISHED.....In March, the FCA issued a Portfolio Letter for Consumer Lending Firms which is the focus of our latest gap analysis template. The focus is on #HighCostLending, #ConsumerCredit, and #CreditUnion Firms The FCA’s stance is clear: a well-functioning market depends on firms “lending affordably and sustainably, mitigating the risk of poor consumer outcomes, and providing appropriate assistance to consumers facing financial hardship”. The difference in our templates (compared to peers) is the self assessment questions. These really help guide you and facilitate an internal challenge process driving value out of the gap analysis. As always, we appreciate your ongoing engagement with these tools and continued feedback. We love hearing how you're using them! https://lnkd.in/eTeB83Mp

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Starling Bank Group Achieves Third Year of Profitability John Mountain, Interim CEO of Starling Bank, said: “This is our third full year of profitability demonstrating a robust financial performance. It was a breakthrough year for Starling as we became a global provider of banking Software as a Service through our subsidiary Engine by Starling. We’ve heavily invested in Engine because we’re confident it can one day become as big as the UK bank, or bigger.” https://lnkd.in/eEMDEn_n David Sproul Raman Bhatia Engine by Starling #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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