Breaking News
Business Bank accredits Metro Bank to the Bounce Back Loan Scheme
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme for small business across the UK. The scheme is intended to target small and micro businesses in all sectors[1], with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
Metro Bank will join the other 17 lenders accredited to the Bounce Back Loan Scheme (BBLS) in providing financial support to smaller businesses across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19 outbreak.
Metro Bank intends to start lending under the scheme as soon as possible and will keep customers updated on when they are ready to receive applications from smaller businesses across the UK.
Keith Morgan, CEO, British Business Bank, said: “The Bounce Back Loan Scheme has already helped over 608,000 businesses access loans worth £18.4 billion. As our onboarding continues at pace, accrediting Metro as a new lender will mean that more smaller businesses across the UK will be able to access the finance they need to get through the current pandemic.”
The Bounce Back Loan Scheme has previously accredited 17 lenders. These are AIB, Bank of Ireland UK, Bank of Scotland, Barclays, Clydesdale Bank & Yorkshire Bank, Danske Bank, HSBC, Lloyds Bank, NatWest, Santander, Skipton Business Finance, Starling Bank, The Co-operative Bank, Tide, TSB, RBS and Ulster Bank.
- EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’ Read more
- FreedomPay Drives Global Merchant Innovation Read more
- FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences Read more
- Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure Read more
- Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds Read more
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
Ipswich Town Football Club has selected IFX Payments as an Elite Partner of the club
Cake Wallet Integrates xStocks, Letting Users Invest in Stocks Using Crypto.
Cake Wallet, an open-source, privacy-focused crypto wallet, today announced the integration of xStocks, a new feature that allows users to invest in tokenized stocks and ETFs directly through Web3 self-custody.
Routefusion Secures $26.5 Million Series A to Expand its Global Payments Network
Routefusion, a financial infrastructure provider enabling platforms and financial institutions to embed seamless cross-border payments and multi-currency account capabilities, today announced the close of a $26.5 million Series A funding round. The round was led by PeakSpan Capital, with participation from Silverton Partners, bringing the company’s total funding to $40.7 million.
BCP Launches Criptococos, the First Crypto Banking Platform in Peru, Powered by BitGo
Banco de Crédito del Perú (“BCP”), the largest bank and the largest supplier of integrated financial services in Peru, and BitGo, the digital asset infrastructure company, today announced the launch of Criptococos, the first banking platform in Peru, to enable the secure purchase and management of crypto assets. The launch is part of a pilot project authorized by the Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS) and reflects BCP’s ongoing commitment to driving innovation in the financial system.
EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FreedomPay Drives Global Merchant Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
Ipswich Town Football Club has selected IFX Payments as an Elite Partner of the club
Baghdadi Capital Group Selects nCino to Power Global Growth and Expansion Strategy
Baghdadi Capital Group has selected the nCino Platform to standardize and automate its global operations,