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CEO of Growth Street Comments Ahead of the Final Report Into SME Banking Services
“The CMA have rightly proposed to make the disclosure of APR mandatory on certain aspects of SME lending in order to improve competition in the commercial finance market. We hope the final report not only confirms this remedy, but also increases the suggested scope to ensure maximum benefit for UK businesses.
“Lending to limited companies in the UK is currently an unregulated activity. There is therefore no requirement for commercial finance providers to disclose APR on finance products targeted to SMEs. This makes it difficult for SMEs to compare prices, reduces competition, and limits economic growth.
“Making APR mandatory is therefore game-changing for the industry and for SMEs themselves. This is why Growth Street started the APR4SMEs campaign earlier this year and we are grateful for the significant stakeholder support this issue has received to date, including the Institute of Directors and members of the Treasury Select Committee. This is an important first step to improving the terms on which SME can access finance services, and core to our mission at Growth Street where we are focused on building better business banking.”
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The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
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Oxford Risk: Placing the Human at the Center of Wealth and Asset Management Transformation
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CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
SumUp Launches in Canada
SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
Connect IFA Ltd is pleased to announce key leadership appointments designed to strengthen its commitment to growth and enhance the support it provides to advisers and network members.