It is great to see housing as a key element in Chancellor Philip Hammond’s spring statement. His £44 billion project includes 215,000 new homes in the Midlands and an extra £1.7bn for affordable housing in London, equating to 26,000 new homes. Read more
Castlight Financial, the Glasgow-based financial capability company has recruited internationally experienced business development entrepreneur, Jason O’Shaughnessy, as a non executive advisor to the Castlight board. Read more
Lord Bird’s Creditworthiness Assessment Bill 2017-19 will get its second reading in parliament on Friday and the Castlight team will be following its progress carefully. Read more
Next week the Creditworthiness Assessment Bill 2017-19 gets its second reading. For the UK’s 11 million renters, this is a bill, which if passed, will level the playing field with mortgage payers. Read more
There was frost on the ground this morning and there’s Christmas wrapping paper in the shops. Retailers have been working on Christmas for months but 25 December 2017 is now creeping onto the radar of families and consumers everywhere. The countdown has begun! Read more
Castlight was shortlisted by the FT along with four other early-stage firms as a leading fintech innovator. The awards recognise both innovative ideas and the ability to bring them into widespread use, with the Innovation Award in particular rewarding newer fintech companies that are bringing out novel solutions.
CEO, Phil Grady said,
“It’s great to have Castlight’s innovation recognised as capable of creating lasting change in the financial services sector on a global scale.”
“The idea of better credit scoring is attractive and it is significant that the company has made a profit from the first year and has not had to take any financing.”
The Bank of England’s news release, following its September Financial Policy Committee (FPC) meeting, warned that whilst the overall domestic credit environment was pretty stable, there was a “pocket of risk in the rapid growth of consumer credit”. Read more
A few weeks ago, I used this blog to welcome Mark Carney’s warning that families are seriously over-indulging on car finance and credit card debt. And this week, the Castlight team were delighted to see two pages of the The Sunday Times newspaper reporting on Bank of England initiatives to demand more detailed information from lenders on how they approve loans. Read more
Earlier this month, our COO, Martin Leonard took part in an amazing fundraising event. He was part of a three man relay team that swam the 24 mile length of Loch Lomond to raise money for the Scottish charity John Maurice Aitken Trust, which provides support for those in financial hardship. Read more
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