Following elections to the European Parliament, intensive negotiations are now underway about the allocation of key portfolios and future priorities. Climate change is one issue likely to get increased attention with the rise of MEPs from… Continue reading
Category: Opinion
Blog: Turning Social Enterprises into engines of economic growth and social development
Last month, the Cabinet Office Parliamentary Secretary Oliver Dowden announced the government’s plans to create more social value from £49bn worth of public sector contracting in line with the Social Value Act and with the Civil… Continue reading
The affordable credit challenge: why FinTechs and the responsible finance industry must work together to innovate
Open Banking, the data revolution, fintech innovation and smart phone penetration are all changing the way customers interact with financial services. Responsible finance providers are innovating, and want to innovate further. We are calling on FinTech’s… Continue reading
The 5 Ss of governance provide a framework for boards to engage with and understand the SM&CR
No one disputes the importance of good governance. It is seen as key to ensuring that organisations are effective by providing checks and balances, strategic overview and additional skill sets to complement the staff. In fact American author,… Continue reading
How responsible finance providers can incorporate customer surveys and online reviews into their marketing and communications activities
A common fallacy is to assume that if your business or organisation is brilliant at what it does, and it’s something which creates social impact, your ideal customers will come knocking on your door. Any responsible… Continue reading
Demand for payday loans isn’t going away. We need to scale and market responsible finance.
This month, for the first time the Financial Conduct Authority (FCA) released figures on the high-cost short-term credit market (HCSTC), and they paint a worrying picture. HCSTC (usually in the form of a payday loan) has… Continue reading
Responsible finance providers are role models for how to treat customers who experience vulnerability
17% of UK adults have low financial capability, 30% have low financial resilience, 19% of consumers say a major life event has happened to them or their partner in the last 12 months and 5% of… Continue reading
Budget 2018: Crucial investment is needed to support the responsible finance sector and the impact it has on local economic growth
The social and economic value that responsible finance providers generate is significant; for every £1 responsible finance providers lend, they generate £7 in economic value, says Responsible Finance. With Brexit on the doorstep, the future of the financial services industry… Continue reading
Woe for Wonga, opportunity for Responsible Finance
After weeks of turmoil Wonga, the payday lender that came to symbolise Britain’s household debt crisis, collapsed into administration recently. Many people in or supportive of the responsible finance industry have welcomed its demise (with much… Continue reading
Cashing in on campaign momentum: the need to ensure access to cash is protected
Cashing in on campaign momentum: the need to ensure access to cash is protected. Many ATM operators and consumers breathed a deep sigh of relief this month when LINK, the U. K’s primary ATM network, announced… Continue reading