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Allica Bank swings to pre-tax profit of £16.09m in 2023
Allica Bank has swung to a profit before tax of £16.09m in 2023 from a loss of £1.58m in 2022, …
SME growth predictions hit lowest point since January 2021: Novuna
Only three in 10 small business owners (30%) predict any form of growth in the next three months – the …
Cameron appointed MD of Close Brothers’ new Broker Solutions division
Close Brothers Asset Finance and Leasing has announced that Richard Cameron has been appointed Managing Director of the newly formed Broker Solutions division, which …
UK SMEs at risk of closure without more accessible finance option: survey
A recent survey by Novuna Business Cash Flow has highlighted a dire need for more accessible financing options for small …
Solid growth in UK SME activity recorded in Q1: NatWest Index
Business activity among UK small and medium-sized enterprises (SMEs) has shown robust expansion throughout the first quarter of the year, …
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CFIT to develop open finance prototypes
The UK Centre for Finance, Innovation, and Technology (CFIT) is set to develop two operational prototypes of open finance applications …
Revenue-based financing provider 365 finance appoints new CEO
365 finance, a UK-based company specialising in revenue-based financing for small and medium-sized businesses, has appointed Warren Abbey as its …
Europe’s new equipment leasing champion: Groupe BPCE
Groupe BPCE's recent takeover of Société Générale Equipment Finance (SGEF) is a game-changer in Europe's equipment leasing scene. This bold …
Aldermore bolsters team with two key appointments
Aldermore, a specialist UK lender to SMEs, has announced the appointment of Nicola Bonini as Business Development Manager for Invoice …
Chief Data Officer (CDO): Steering asset finance towards transformation
With a mandate to oversee data management, integrate AI technologies, and spearhead analysis, the CDO can perform a central role …
finmid secures €35m in funding for embedded finance growth
Germany-based embedded finance solutions provider finmid has announced a €35m funding round as it comes out of stealth mode. The funding …
Knowledge sharing puts finance sector among best for cybersecurity – expert
The culture of knowledge sharing for cybersecurity within financial services has made it among the most digitally secure, according to …
Avis franchisee secures €108m financing for EV transition in Greece
The European Bank for Reconstruction and Development (EBRD) has approved a senior secured loan of up to €108.35 million for …
Poxon joins Time Finance invoice finance team as BDM
Time Finance has announced that Jason Poxon will join its Invoice Finance team as Business Development Manager.Poxon joins with 10 …
Explainer: What is Equipment-as-a-Service (EaaS)?
Equipment-as-a-Service, or EaaS, encompasses an array of market offerings ranging from bundled fixed-fee invoice structures to intricate variable subscription algorithms. …