- FCA outlines the measures it will take to protect consumers and sets out when and how the organisation takes action
- OnDot/YouGov survey indicates that UK adults are ready for real-time interaction with their banks
- FSB publishes report to G20 Finance Ministers and Central Bank Governors on its work with standard-setting bodies on Crypto-assets
- Cryptocurrencies now “undeniably part of mainstream finance” says deVere Group CEO Green
- Goldman Sachs announces Blankfein retirement-Solomon to succeed as Chairman and CEO
- BlackFin largest independent FinTech fund in Europe after completing a E180m final closing
- Fenergo Client Lifecycle Management solutions selected for The FinTech50 2018. expired
- UK FinTech PayBreak secures additional £15m of funding with specialist banking group Paragon expired
- Danske Bank announces first half result and updates on Estonia investigation expired
- Moneysupermarket on track for first six months-introduces new mortgage FinTech Podium expired
- Arbuthnot reports strong first half expired
- Goldman Sachs post strongest first half return in nine years expired
10th July 2018
Callcredit comment: "Slight rise in disposable income of UK households is good news for consumers"
Commenting on the "Alternative measures of UK households' income and saving: January to March 2018 statistical bulletin", Steve McNicholas, Managing Director–Credit and Marketing Data, Callcredit Information Group, comments “The slight rise in disposable income of UK households is good news for consumers, giving them more flexibility when it comes to making ends meet. With inflation rates stabilising and interest rates remaining the same(for now), as well as record employment rates, UK consumers are experiencing a respite from the challenging financial environment of previous months.
But in order to maintain this positive trend and avoid further strain on consumer finances, lenders must ensure they are using robust data to assess a borrower’s affordability. It’s about understanding the whole picture by spotting and acting early on warning signs. This will not only prevent borrowers from overextending themselves financially but it will ultimately better protect and future-proof our economy.”