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The Lending Standards Board ’ s ( LSB ) has announced iwoca , one of Europe ’ s largest SME lenders , as its latest firm to achieve full registration to the Standards of Lending Practice for business customers .
The LSB ’ s business Standards set the best practice benchmark for SME lending in the UK and can be applied across a range of financial services firms , from digital or challenger firms to
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high-street banks . They are one of just four industry codes recognised by the FCA .
iwoca ’ s full registration with the LSB follows the completion of its interim registration period , during which the FinTech SME lender worked with the LSB to ensure its compliance with the Standards .
Emma Lovell , Chief Executive at the LSB , said : “ We are delighted to welcome iwoca into full registration with the business Standards . The more firms registered with these Standards , the more SMEs who are protected . iwoca is helping to lead the way .”
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myPlane has announced that charter enquiries via its innovative booking engine for commercial charter flights grew by 300 % in 2024 , as airlines and B2B travel buyers increasingly turn to modern booking solutions .
With growth expected to quadruple next year , the Finnish travel tech start-up believes 2024 could mark the final year where outdated manual processes dominate the commercial charter industry . To build on this strong momentum , myPlane is launching a new fundraising round to drive its next phase of strategic expansion in 2025 .
Driven by unprecedented demand , the value of digital air charter offers processed via myPlane soared by a
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record € 200 million in 2024 – with over 6,000 flight enquiries successfully matched to airlines through the platform .
With more than 130 airlines and 1,200 B2B users now leveraging the platform for commercial charter bookings , myPlane has brought new levels of efficiency , transparency and standardisation to an industry that has long relied on manual workflows .
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