Welcome
Welcome to the website of Banking Competition Remedies Limited (BCR)
The website provides:
- Overview of the Alternative Remedies Package
- Information about the successful Bodies and their reporting commitments for:
- The Incentivised Switching Scheme (“ISS”) [closed to new customer applications as of 28 February 2021]
- The Capability and Innovation Fund (“CIF”)
- Associated documents
Please use the menu above to obtain further details.
For information on CIF Pool F, please click here.
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.
Co-op Bank’s Chief Executive, Nick Slape, comments on the role of the Incentivised Switching Scheme as he shares the positive progress of the bank’s SME banking proposition in its 2021 interim results. Please click here to be directed to thebusinessdesk.com.
The Incentivised Switching Scheme closes with a total of 69,135 firms changing providers. Please click here to be directed to Heraldscotland.com.
In its annual results, Starling Bank says it’s close to fulfilling its BCR pledge to reach a 6.7 per cent market share of SME customers. Please click here to be directed to AltiFi.com.
BCR closes ISS and publishes its results. Please click here to be directed to AltiFi.com.
Business-focused digital bank Tide has raised £72 million in Series C investment. Please click here to be directed to BusinessCloud.co.uk.
BCR grant winner Funding Xchange leads the drive towards SME lending digitisation with the launch of FXE Technologies. Please click here to be directed to FinancialIT.net.
CIF awardee Codat has secured £40 million in Series B funding round. Please click here to be directed to Finextra.com.
CIF awardees Codat and Form3 are included in Finextra’s list of top underestimated FinTech firms. Please click here to be directed to Finextra.com.
Oliver Prill discusses Tide’s success, the current state of the business banking market including the effects of COVID in an interview with Ronnie Dungan. Please click here to be directed to elitebusinessmagazine.co.uk.
9Spokes announces partnership with CIF awardee Virgin Money to support its capital health proposition. Please click here to be directed to Proactiveinvestors.co.uk.
Cooperative Bank shares how CIF and ISS have supported the transformation of its SME Banking Business. Please click here to be directed to WealthandFinance-news.com.
