Latest opinions that Nick Green has shared on Finextra

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Nick Green

Director

Purple Patch Broking Ltd

Member since

07 Dec 2020

Location

Stratford-Upon-Avon

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Nick's opinions

Improving data transparency: The Woolard Review of the credit market

The FCA is reviewing changes across the unsecured credit market. The review of the role of CRAs and CIS providers has pushed their scrutiny back up the regulatory agenda. In this article, we look at the findings from the Woolard Review and share our view into how to increase data transparency. The central focus of the Woolard Review, published by ...

15 December 2021 /payments /retail Financial Services Regulation

How could the BNPL regulatory update impact risk assessments?

The UK Treasury recently published a consultation on how it will regulate BNPL, potentially making the UK the first major credit market to regulate these booming, innovative products. The FCA said the sector quadrupled to £2.7bn last year during the pandemic - to about 1% of the UK’s entire credit market - with more than 5 million active users. Th...

16 November 2021 /regulation /retail BNPL

Data considerations for Buy Now Pay Later offerings

Fintech’s, merchants, and big tech brands are forming new attractive buy-now-pay-later (BNPL) and hybrid instalment-based offerings shaking up credit card lending and forcing businesses to rethink data requirements and strategies. Growing at a rate of 39% per year and expected to exceed $260 billion by 2025, BNPL services can’t be ignored. BNPL of...

14 October 2021 /payments /retail BNPL

The benefits and opportunities of adopting a multi-bureau approach

Despite the large level of commonality of data sources, bureau ratings can differ significantly. This can be down to matching, storage and retrieval issues and scoring the data. For this reason, combining more than one bureau can result in a significant uplift in information quality - not to mention save you money. That’s why it’s becoming more co...

14 September 2021 /retail /wholesale Data Management and Governance

5 common misconceptions in credit data pricing

In this blog, we debunk the top five misconceptions that we hear from credit providers – the blockers that stop them from getting the best price for credit data. Did you know? Prices can vary by upto 500%. Even if you choose to stay with the same credit data provider, you can get more favourable terms by renegotiate mid-contract or at renewal. Plu...

15 June 2021 /payments /retail Financial Risk Management

Lenders: Do you trust your data sources?

It’s increasingly difficult to achieve a reliable data set – and that could mean you can’t trust the information shared within your lending organisation. So, what’s the solution? In this blog, we explore how to gain high-quality data for credit risk programs, like AML, without it taking an abundance of your time. Beyond satisfying regulatory gover...

09 April 2021 /regulation /retail Data Management and Governance

A quick look at the data requirements for the 6th Anti-Money Laundering Directive 6AMLD

6AMLD: A quick look at the data requirements for the 6th Anti-Money Laundering Directive (6AMLD) Anti-Money Laundering (AML) is one of the most intense areas of financial regulation. With the development of money laundering crimes constantly evolving, the steps firms take to prevent these crimes are often insufficient. With the 6th Anti-Money La...

09 April 2021 /regulation /retail Financial Services Regulation

Making the move from tactical to strategic pricing negotiations

Whether your bureau contract is up for renewal, or you want to renegotiate a better deal mid-term, deepening your understanding of the key levers to successful contract negotiation can take you a long way towards one thing we all need more of: cost savings. But what does it take to negotiate the best deal? One word: strategy. A strategic approa

21 January 2021 /payments /retail Financial Risk Management