Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

JUST LOANS GROUP LENDS WEIGHT TO UK LOBBY ON FAIRER ACCESS

JUST LOANS GROUP LENDS WEIGHT TO UK LOBBY ON FAIRER ACCESS
  • Responsible lender becomes benefactor of Emerging Payments Association’s Project Rome • Project Rome targets fair and equal access to payments infrastructure

The Just Loans Group PLC has announced that it has become a benefactor of ‘Project Rome’, a campaign from the Emerging Payments Association (EPA) lobbying for fairer access to payments infrastructure through FinTech providers.

The Just Loans Group PLC was formed in 2012 with the aim of building a robust, scalable, Anti Money Laundering (AML) compliant process for on boarding corporate borrowers in the UK and eventually Europe.  This has enabled us to provide much needed alternative finance to UK businesses that want to invest and grow.

CEO John Davies says, we have successfully meet this challenge and want to expand the range of services we can provide. However, in common with other FinTech providers we are faced with the ‘access challenge’ – how to get fair and equal access to the UK’s payments infrastructure.

“Understandably this is controlled by the Banks that over the years have created and heavily invested in the existing payments’ system. However, we believe change is now needed as we believe innovation, competition and customer choice is being restricted. This is becoming even more important to our business as we are planning to launch our own banking service later this year.”

“We are delighted to be investing in what I see as the most effective way of bringing about change by becoming a Benefactor of the Emerging Payments Association’s (EPA) Project Rome. This logically follows closely on the heels of the Group becoming the first alternative commercial lender to become an Associate Member of the British Bankers’ Association”

The Just Loans Group is just one voice advocating change but the EPA speaks for 100 companies and organisations from across the payments ecosystem. Project Rome is determined to lobby strongly for collaborative change to the UK payment system.

The aim is to build a long-term solution that provides fair and equal access while paying due credit to the founding Banks.  A key component of this is to convince Regulators, the Banks and the Bank of England that alternative payment providers can be trusted with access to the existing systems.

Tony Craddock, ‎Director General, Emerging Payments Association, explains: “The aim of Project Rome is to build a long-term solution that provides fair and equal access while paying due credit to the founding Banks.  A key component of this is to convince Regulators, the Banks and the Bank of England that alternative payment providers can be trusted with access to the existing systems.

John Davies adds, “One of the ways The Just Loans Group first started to address the ‘access challenge‘ was to invest heavily in enhanced AML and KYC procedures. This type of action by alternative payment providers will build trust and allay understandable concerns.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post