Stephen Townend

Savers’ Interests Must Be at the Heart of Pension Market Changes, PensionBee UK States in DWP Pension Investment Review Response Rebecca O'Connor FRSA, Director (VP) Public Affairs at PensionBee, commented: “It is crucial that any changes prioritise savers’ best interests. While consolidation offers potential benefits like reduced costs and regulatory simplicity, it is not a silver bullet for stronger returns, but it can facilitate the expertise needed to drive an expansion into more complex asset classes. “We urge the Government to focus on fostering a diverse investment landscape that balances innovation with protection, ensuring savers’ rights are upheld at every step. A unified regulatory approach, the offering of incentives like tax relief and the development of innovative solutions to solve the problem of asset class illiquidity, could unlock new investment in UK productive assets, while safeguarding long-term growth and security for savers.” https://lnkd.in/eTNm_HsV Steven Kennedy Laura Dunn-Sims Ffion White Rachael Oku Brooke Day Romina Savova Neill Vandenberg #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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The recent CFIT SME Finance Taskforce report underscores the pivotal role of financial organizations in driving business growth and economic resilience. As the landscape evolves, the demand for innovative, data-driven solutions that empower SMBs is more pressing than ever. At 9Spokes, we’re dedicated to equipping financial organizations with the tools they need to empower their SMB customers through informed decision-making and sustainable growth. Reach out to learn how we can help drive your team's data initiatives. #financialservices #smb #opendata #cashflow #openfinance

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CapitalRise Secures New £30 Million Funding Line for Bridging Loans Uma Rajah, CEO and Co-Founder of CapitalRise, commented: “Securing this additional £30 million funding line for bridging loans further supports the diversification of our capital sources, ensuring a robust funding model. We are thrilled to secure this new funding line as part of our continued commitment to serving our clients with bespoke financial solutions.” https://lnkd.in/e5YAkGyB Pip Lashko-Sayers #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Have you booked your spot for our next webinar - Commercial Lending: Where next for UK small business? Join our experts as they delve into: ✅ An overview of the economic landscape ✅ Predictions for the next 3 months ✅ Lending and credit growth opportunities in a resurgent market Don’t miss out, grab your place: https://lnkd.in/eT_EUrFb #Lending #UKEconomy #CommercialLending

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On Monday, the government announced they were reviewing the following... - How overpayments of Carer’s Allowance linked to earnings accrued and why this has happened - What changes can be made to reduce the risk of such overpayments accruing in future - What DWP can best do to support those who have already accrued overpayments We have called for a complete overhaul of this overly complicated and outdated allowance system ❌❌ Read more: https://bit.ly/3Df6mI6

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New Release today: PSR Seeks Feedback on Interim Report for Market Review of Card Scheme and Processing Fees Cards are the UK's preferred payment method, making it crucial for this market to function efficiently. Due to recent increases in card transaction fees, the Payment Systems Regulator (PSR) has released an interim report for its market review of scheme and processing fees. The report highlights concerns about competitive dynamics within the payment ecosystem and outlines potential remedies, including: * Enhanced transparency for informed decision-making and easier switching to alternative services. * Obligations for vendors to explain and document price changes. * Increased financial reporting to the PSR for better oversight of UK operations. The report targets all stakeholders in the UK retail payments ecosystem, including issuers, acquirers, card scheme operators, merchants, and cardholders. The feedback window is open until July 30, 2024, with the final report expected in Q4 2024. See more here: https://lnkd.in/et3T3eXY #PSR #Payments #MarketReview #CardFees #Feedback #UKBusiness

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Interesting take on the Chancellor's National Payments Vision - our very own Banking & Alliances Director, Jim Conning calls for smart, purposeful innovation in The Fintech Times, balancing progress with proven payment systems that work. 🔍 Read more.... #OpenBanking #Fintech #NationalPaymentsVision #mansionhousespeech #innovation https://lnkd.in/eKMMDvhP

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Over the last three years, with the help of our HCM, Payroll and ERP partners, we've been working hard to bring digitised income and employment verification to PAYE employees. I'm so happy to see the news is now out that Nationwide Building Society, the UK's second-largest mortgage provider, is leveraging the Experian Work Report network to deliver faster, more secure, and simplified mortgage application journeys. This is just one, all be it significant use case digital income and employment verification can improve with an exciting roadmap ahead of us!

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📣 𝐄𝐏𝐂 𝐑𝐮𝐥𝐞 𝐁𝐨𝐨𝐤 𝟐𝟎𝟐𝟓 𝐢𝐬 𝐡𝐞𝐫𝐞 !!! https://lnkd.in/eci_5sCW ▶️ Get ready for this year 2025, exceptionally this will go in force from October 2025 ▶️ Hybrid address will be one key topic this year. #Payments #SEPA #PaymentTalkz

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Banks have begun introducing a confirmation of payee service to help people check they are paying the right person and also to help protect against scams. Our new quick guide on confirmation of payee provides easy-to-understand information around this new service, and what it means for your banking. If you have any questions about the system and how it works, you can also visit GetVerified New Zealand here: https://lnkd.in/g3aRBWgR

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Today the Bank of England published a Discussion Paper on its approach to innovation in money and payments. The Discussion Paper asks for responses on the next step in a wide-ranging conversation on how to deliver an ambitious agenda for the UK payments landscape and sets out how rapid innovations in payments can impact on the Bank’s monetary and financial stability objectives.   Our Managing Director, Payments, Innovation & Resilience, Jana Mackintosh, comments:   “This is an important discussion paper from the Bank of England, and we strongly welcome the Bank’s leadership in delivering an ambitious agenda for UK payments. There is a huge amount of innovation taking place within money and payments. This paper highlights a number of key issues that need to be addressed to support further innovation and help bring new capabilities like tokenisation to life.    We look forward to working with the Bank, other regulators and the government to collectively enhance the UK payments landscape for the benefit of consumers and businesses.”   💻 To read the paper in full: https://lnkd.in/eGQ-Em9C    #UKFinance #Payments #Banking #BankofEngland #Innovation 

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Our Partner Success Stories showcase the flexibility and efficiency of our Aspire Cash solution in real world scenarios. Read the University of Chester case study here: https://lnkd.in/e8_TqXix #PaymentsWithPurpose Payit™

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Zopa Bank partners with John Lewis & Partners Money to offer personal loans directly to its 23 million customers. With this new partnership, consumers can access Zopa Bank personal loans through the John Lewis Money website, giving consumers more finance options that are simple, transparent, and have great value.  ​ Customers can get a personalised loan quote in 3 minutes with no impact to their credit score, with most customers accessing their money in under 2 hours once their loan has been approved. With loans starting from £1,000, the move will make Zopa Bank’s trusted loan products accessible to more John Lewis customers - whether it’s for a new car, the wedding of their dreams, or making a house a home. The maximum loan available is £35,000, with the term ranging from one through to seven years.  #paymentstalk #payments https://lnkd.in/ejmb9q9Q

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This morning's webinar hosted by Craig McBride of LendingCrowd delivered a webinar to our AFS panel. 🎫 Webinars play a key part of our Broker in a Box offering and we are grateful to our lenders for sharing their time and expertise. #AssetFinance #Brokerage #WeAreAFSUKLtd #Webinar #Business #Finance

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Mortgage Intelligence UK users were facing a new challenge. They needed an easy-to-implement business intelligence reporting solution to fuel growth across their network and ensure compliance with the FCA’s Consumer Duty standards. ​ Enter InsureSight®, an innovative platform that has significantly enhanced Mortgage Intelligence UK’s adviser development programme to increase network growth and improve consumer outcomes.​ 💡 Key Takeaways:​ - Data-led bespoke training to firms and advisers based on specific individual needs​ - Increased client to new business conversion rate by 5%​ - Increased the financial resilience of clients by increasing Income Protection applications over 20%​ Read more here -> https://hubs.li/Q02W5XD00 #MortgageIntelligence #InsureSight #ConsumerDuty #DataDriven​

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A fintech loan company established in Cardiff has been bought by an FCA-regulated payments institution and credit reference agency. Cardiff-headquartered Hope Macy, which is known for its consumer duty compliant app, Family Connect, which protects people from financial harm has completed a strategic acquisition of Slick Solutions.  https://lnkd.in/exExSFRP #cardiff #fintech

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