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
The Financial Times have included Castlight in their shortlist for their Future of Fintech Awards.
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
It has been a whirlwind of a week for the Castlight team. In the course of just a few days Castlight has won the first ever Deloitte’s Disrupt the Enterprise event to be held in Scotland and then we secured a place for the live final of TEDxGlasgow at the beginning of June. Read more
Glasgow-based fintech company, Castlight®, has won the first ever Deloitte’s Kick Start a Start Up event to be held in Scotland. Read more
Castlight Financial, the Glasgow-based financial capability company, has recruited credit risk expert Kevin Allen as Credit & Risk Product Manager. In this role he will be responsible for managing the products deployment team as they work with some of the UK’s largest banks to deliver affordability solutions and help them prepare for the regulation and opportunities of open banking early next year. Read more
Castlight, the leading financial capability company, has formed a new strategic partnership with Equifax, the consumer and business insights expert, to launch the first real-time affordability platform to support brokers and their clients with mortgage applications. The system will reduce the time it takes to make a mortgage application to as little as ten minutes. Read more
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