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643

Equifax works with HSBC on Open Banking credit applications

By Equifax,

HSBC UK has created the first live use case of open banking for credit applications using the InterConnect platform from Equifax, the consumer and business insights expert. (more…)

Banks, Credit scoring, Hotnews

May 18, 2018

1144

Banks Are Helping Creative Startups Get Finance-Savvy

WIRED: Following yesterday’s announcement that the UK games industry will receive an £8m boost as part of the latest budget, a group of banks have outlined new plans to improve access to finance for small companies in the creative industries. The British Banking Association, which represents over 200 banks, has partnered with Creative England to put together a “toolkit” in the form of Better Business Finance. The site offers advice on the kinds of funding available and how to apply for it, and is chiefly backed by Santander, Barclays, HSBC, RBS, and Lloyds. Although it has been in operation since 2011, the new partnership sees the notoriously conservative banking industry making a concerted effort to open its coffers to more unorthodox businesses and daring entrepreneurs. (more…)

Influences FinTech, news

March 19, 2015