Welcome to the website of Banking Competition Remedies Limited (BCR)

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Alternative Remedies Package and Impact

Here are a set of short videos from some of the organisations that have benefited from the Alternative Remedies Package. Hear directly from the organisations on the impact it has had on them and their customers. Please click here to view the videos.

Overview Timeline

Please see the Incentivised Switching Scheme and Capability and Innovation Fund pages for further detail on timelines for the schemes.

Recent News

Read the latest news from BCR and on participants in the two schemes.

Oaknorth Bank has acquired cashflow app developer Fluidly. Fluidly remains committed to fulfilling the public commitments made following the grant it received from BCR in 2019.

Please click here to be redirected to AccountingWeb

Shawbrook Bank will roll out proactive portfolio monitoring to help analyse the performance of its SME loans. The solution is powered by FXE technologies, the lending tech arm of Funding Xchange, and part funded by the BCR grant.

Please click here to be redirected to Altfi

The Banking Competition Remedies celebrated its third annual report, with details that over 1,173 jobs have been created due to the £775m it has redistributed.

Please click here to be redirected to Altfi

Untied is making it easier, safes and cheaper for small businesses to send and receive payment for their invoices through their app’s new invoice capability.

Please click here to be redirected to Business-Money.com

TSB Business Banking Director Mark Curran and Chair of the All Party Parliamentary Group on Fair Business Banking share thoughts on what help and support businesses need following the pandemic

Please click here to be redirected to Business-Money.com

Cashplus plans to lend an additional £5bn to UK small businesses within the next four years

Please click here to be redirected to Business-Money.com

The universal API for small business data will use funding to enhance decisions made by lenders and providers and to offer automated payment reconciliation into small businesses’ accounting platforms

Please click here to be redirected to Business-Money.com

Irish fintech start up Swoop Finance has been awarded a further £2.5m from BCR

Please click here to be redirected to Irishtimes.com

BCR announces the results of Capability and Innovation Fund Pool F grant process

Please click here to be redirected to Finextra.com

Form3 planning US launch as Goldman Sachs leads its $160m funding round [AltiFi, 16 September 2021]

Virgin Money unveils its plans for Yorkshire businesses [Yorkshire Post, 31 August 2021]

The fintech crew in vanguard of a revolution [The Times, 31 August 2021]

Embedded Finance Key to SME recovery and rebuilding economy [Financial IT, 16 August 2021]

Co-op Bank back in profit with strong interim performance [TheBusinessDesk, 29 July 2021]

Incentives lure SMEs to switch banking providers [The Herald, 23 July 2021]

Starling Bank’s 2021 results see 600% jump in revenues and 8 months of profitability [AltFi, 22 July 2021]

Top marks: Starling switched the most SME customers as a part of the BCR’s Incentivised Switching Scheme [AltFi, 22 July 2021]

£72m to drive global growth at neobank Tide [BusinessCloud, 12 July 2021]

Funding Xchange launch FXE tecnologies [Financial IT, 8 July 2021]

Codat raises $40 million in Series B round [Finextra, 2 July 2021]

Top Underestimated FinTech Firms – The Next Big Thing [Finextra, 11 June 2021]

Putting money on a shore thing [Elite Business, 7 June 2021]

9Spokes jumps on signing milestone three-year contract with Virgin Money UK [Proactive Investors, 4 June 2021]

The Co-operative Bank Achieves Growth Targets & Launches Value Add Services for SME Customers [Wealth and Finance, 20 May 2021]

Virgin Money Partners with Fintech Trade Ledger as part of a new business banking proposition [Financial IT, 30 April 2021]

Banking Competition Remedies published Pool E progress updates [FInextra, 30 April 2021]

More BCR grant winners are asking to change their public commitments [AltFi, 30 April 2021]


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