Personal
Business
close
Products
About us
Resources
Call us: +44 1632 960212

Fintech Firms Race to Plug Gaps in UK’s Coronavirus Relief Measures

Britain’s financial technology industry is racing to fill gaps in the government’s coronavirus business relief measures, by offering loans quickly to those struggling financially as a result of the pandemic.

Several of the country’s top fintech firms have been pushing for accreditation from the state-backed British Business Bank (BBB) to be able to provide loans under the Coronavirus Business Interruption Loan Scheme (CBILS).

Initially only 40 banks — including the major high street lenders Barclays, Lloyds, HSBC and RBS — were accepted onto the program. But in recent weeks newer digital lenders such as Starling, OakNorth and Funding Circle have been approved as well.

Original CNBC article link and to read more please click here.

We are here to help you
Your first consultation is completely free-of-charge. All you need to do is select a convenient time & date and outline how we can assist you.
virtual advisor
Try out our new Virtual advisor!
Get all benefits of Regular Advice via AI and ML algorythms
Related articles
Featured media
General
Other
An Interview with Fintuity’s Head of Strategy, Ed Downpatrick – We Have Cause to Be Optimistic
30 Apr 2021 · Nic Cobb

We sat down with Edward Downpatrick, Fintuity’s Head of Strategy to assess some of the key topics facing us as…

Featured media
General
Other
What Do You Need to Prepare For Your First Meeting With Your IFA?
14 Apr 2021 · Nic Cobb

We all need some financial support and guidance from time to time and once you have decided to engage an…

Featured media
General
Other
Introducing the IFA – What is a Financial Adviser & What Can They Do For You?
13 Apr 2021 · Nic Cobb

For many of us, effectively managing your portfolio or accessing the right financial product can be a time consuming and…