SmartSave exceeds £2bn in deposits11o April 2024SmartSave, the savings proposition from UK digital bank Chetwood Financial, has doubled last year’s milestone by reaching a total of more than £2 billion currently held in direct deposits.
Navigating Debt: A Path to Financial Wellbeing20o March 2024Debt Awareness Week is a timely reminder to reflect on the significance of addressing debt and its far-reaching impact on our lives.
Firstly, it’s important to acknowledge that debt isn't just a financial burden—it can also take a toll on our relationships and overall quality of life. Moreover, the implications of debt extend beyond the immediate emotional toll; they can hinder our long-term financial goals and aspirations, preventing us from building the future we envision.
In this blog, we delve into the importance of debt awareness and proactive management, explore some strategies to cope with debt and plot a course to get out from under it.
Are approaches and attitudes to retirement planning changing?6o March 2024There was once a fairly simple perception of retirement – you worked at a company for 30 years, they gave you a watch and then you went on permanent gardening leave. While this might have been the case for our parent’s generation, this idea doesn’t hold true for the current world of work. Interested to find out current attitudes on retirement, we undertook an independent research survey of 2,000 UK adults. This blog highlights our findings.
Roselle Allsop joins Chetwood Financial as director of marketing27o February 2024Chetwood Financial has appointed Roselle Allsop as its new director of marketing.
Allsop has more than 23 years’ experience in marketing within financial services, including several roles at senior management level, providing strategic direction, setting strategy, and specialising in brand creation.
The importance of a rainy-day fund19o February 2024In the wake of a cost-of-living crisis, putting money aside for savings will have taken a back seat for many, yet a robust financial buffer is still a must-have for households everywhere, and any amount put aside is better than nothing. Here are some reasons why you must continue to invest in your savings for a rainy day.
How to establish a long-term savings plan5o February 2024The start of the year can be a time when we set out financial goals for the year ahead, often short-term targets, such as saving for a holiday or a new phone. But when it comes to the long-term goals – a wedding, a house, or a new car – how do you go about saving for the big things in life? Our blog details all.
What does inflation mean for consumers?22o January 2024Last week, the Office for National Statistics (ONS) caught many economists and consumers by surprise when it announced that the rate of inflation in the UK rose to 4% in December from 3.9% in November.
With the Government achieving its goal of halving inflation in 2023 (cutting it to under 5%), many thought that inflation would continue to fall, leading to more financial stability. However, the news that prices have risen, no matter how slight, coupled with the fact that real wages compared to prices aren’t predicted to return to 2021 levels until 2027, means that it's as important as ever for you to understand what inflation means for your finances.
Your Ultimate Guide to Smart Holiday Savings in 20245o January 2024With the holiday season fresh in our memories, it is easy to recall joy and celebration – but also the financial stress. With the cost-of-living crisis continuing to impact our wallets, it's crucial to take a proactive approach to bolstering savings ahead of the coming year’s travels and festivities.
In this guide, we'll share practical tips to help you plan ahead and make the most of available tools so you can refine your budgeting strategies and ensure you're financially prepared for whatever 2024 brings.
ModaMortgages announces new head of sales and two BDMs28o November 2023ModaMortgages has announced Scott Phillips as its new head of sales. The specialist buy-to-let (BTL) lender has also hired Becki Fraser-Tucker as a senior business development manager (BDM), while Bec Murray joins as a BDM.
Avoiding the savings loyalty penalty10o October 2023Chetwood Financial, the bank behind savings brand SmartSave, has undertaken research with 2,000 UK adults to see whether consumers are maximising their savings returns. The results were stark. Customers remain loyal to high-street banks even though higher savings interest rates are available elsewhere. Our latest blog looks at this phenomenon, and how you can avoid the savings loyalty penalty.
Things to consider before opening a fixed-term savings account22o August 2023In this blog, we delve deeper into fixed-term savings accounts. We examine the key considerations you should make before putting your savings into a fixed-term account and explore why they’re often a good choice when protecting your hard-earned money in the current economic climate.
Wrexham-based Chetwood Financial named on Wales Fast Growth 50 again22o August 2023Wrexham-based Chetwood Financial has been named on the 2023 Wales Fast Growth 50 list for the second year running.
The list celebrates the 50 fastest-growing firms in the Welsh economy, championing high-growth, home-grown businesses that make a significant contribution to jobs and wealth creation.
Sounding the alarm: what to do if you've been defrauded15o August 2023Fraud is on the rise. And the rising cost of living is providing fertile ground for scammers to do their worst - more than half of the population have been a victim of a scam or fraud so far in 2023. But what do you do if it happens to you? Our latest blog tells all.
Tackling Britain’s fraud pandemic: what banks should do to help4o August 2023Fraud is the most commonly experienced crime in the UK - you're twice as likely to be a victim of scamming than any other crime.
While there are things that you can do to protect yourself from fraud and scams, banks and financial services providers also have a duty of care to help prevent you from becoming a victim. Our latest blog talks about these responsibilities and the things your providers should be doing as a minimum.
How to save money when you’re struggling to make ends meet5o June 2023Struggling to save money each month? You're not alone. Learn how to save even when finances are tight with our top tips. From paying yourself first to trying a 'no-spend' month, discover creative ways to build your savings. Every little helps!
The importance of dealing with financial stress12o April 2023Maintaining a healthy budget and navigating the many challenges of your finances is difficult at the best of times, but with record inflation and a rampant cost-of-living crisis, avoiding financial stress is more difficult than ever.
Starting Your Debt Management Journey23o March 2023Whether you're struggling with debt or just want to get a better handle on your finances, we're here to help you through the first steps to take control of your finances and begin reducing your debt. Read our guide to learn more about assessing your finances, exploring different debt repayment strategies, and practical tips to help you reach your financial goals.
The Psychology of Debt: Understanding Your Money Mindset21o March 2023This National Debt Awareness Week 2023, we're guiding you through the different money mindsets and how yours could impact your financial habits and attitudes towards debt. We’ll help you to identify your own money mindset so that you can take control of your financial situation and build a healthier relationship with money.
Are we headed for another financial crisis?13o March 2023Discover what caused the recent collapse of Silicon Valley Bank, what it means for UK investors, and why UK savers can rest easy with SmartSave.
Tackling savings inequity9o March 2023From systemic issues like the gender pay gap and caregiving responsibilities to a crisis of confidence, we've examined some of the factors restraining women's financial freedom. Don't miss out on how businesses can better support women to build financial resilience and safeguard their futures.
SmartSave Bank hits £1bn in deposits27o February 2023SmartSave Bank, the savings platform created by Chetwood Financial, has hit £1bn in deposits following accelerated growth over the past year.
SmartSave Bank teams up with cash deposit platform Flagstone22o February 2023SmartSave, Chetwood's savings brand, partners with Flagstone, offering fixed rate, fixed term savings accounts to Flagstone clients and scaling up deposit-raising activities.
Understanding the recession: what it means for your finances15o February 2023Worried about how a recession might impact your money? Our guide is here to help. From understanding what it could mean for your money and the steps you can take to weather the storm, we've got you covered.
NAW 2023: From Military to Tech10o February 2023National Apprenticeship Week is a time to celebrate the impact that apprenticeships have on individuals, businesses and the wider economy. At Chetwood, we’re proud to offer opportunities for individuals like Shane to start a new career path in the technology and banking industry.
Understanding increases to the cost of credit8o February 2023How does inflation and interest rate hikes affect your credit card payments? Read our helpful guide on general repricing and risk-based repricing to understand how these changes can impact your finances and what you can do to manage your finances in this challenging economic climate.
NAW 2023: Celebrating the power of on-the-job learning7o February 2023Join us as we celebrate National Apprenticeship Week by meeting Ryan, one of our successful IT apprentices. Read about his journey with Chetwood and how our apprenticeship program has helped him develop valuable skills for life. Click to learn more and explore opportunities at Chetwood.
Banking as a Service in 2023: What does the future hold for BaaS?9o January 2023With the BaaS market predicted to reach $11.34 billion by 2030, and the current market considering traditional banking models as outdated and costly, our experts have pulled together three top trends that businesses looking to leverage BaaS opportunities are exploring.
9 Ways to keep costs low on Christmas gifts10o November 2022The holidays are a great time for families to spend quality time together, but they also come with added expenses. Here are some tips on how to keep costs down this year.
Cost of living crisis pushes consumers to go digital8o November 2022Britons are changing how they interact with their personal finances and the UK’s banks due to the cost-of-living crisis, according to a new independent survey of 2,000 UK adults by Chetwood Financial.
Be Fraud Aware: How Scammers Are Using Malware To Infiltrate Your Devices3o November 2022Criminals are getting smarter and they’re banking on you being unaware of their tactics, which is why we’re here to help you strengthen your fraud defences with our latest blog on how malware fraud works.
Be Fraud Aware: Learn How to Spot Phishing, Smishing and Vishing Attempts20o October 2022Criminals are finding new ways to access our sensitive information through phishing every single day. And with many of us completing more activities online than ever before, it's important to be able to identify a fake message. We're helping you do just that.
How inflation impacts your savings22o August 2022The cost-of-living crisis poses a serious problem to millions of households all over the UK. With inflation figures currently sitting at 40-year highs and set to increase, we’ve put together a guide to help you understand how inflation impacts your savings and what you can do to minimise some of its effects.
Be Fraud Aware: Remaining vigilant with fraud on the rise8o August 2022Fraud - now the most prevalent crime in the country – has reached epidemic levels in the UK.
With prosecution rare, it’s essential that people are vigilant in spotting and preventing fraud. To help you do that, we've gathered our ten top tips on how to protect yourself from fraud.
BetterBorrow warns of imitation website scam1o August 2022BetterBorrow has issued a warning over a scam website operating under its name.
The borrowing platform, which is powered by the UK digital bank Chetwood Financial, is hosted on BetterBorrow.co.uk. An imitation scam has been launched under the domain BetterBorrow.uk.
Team Chetwood on International Women's Day, #BreakTheBias and Gender Equality in Tech and Finance8o March 2022To celebrate International Women's Day 2022, our inspirational Chetwood team members Abi Bebb, Sally Hannigan, Lini Cao, Luc Brown and Sophia Sanders have given us their thoughts on the meaning of International Women's day, who inspires them, gender equality in tech and finance and how we all can work towards a more equal representation in these fields.
As fintech grows, should the same regulation apply to digital banks?10o November 2021Chetwood's Chief Financial Officer, Simon Allsop, considers the current market and whether it would be easier to maintain a more simplistic set of regulations for the smaller, digital players.
Women in Fintech: Paving the Way with Chetwood Financial21o October 2021Chetwood's Commercial Director, Julia McColl, shares her thoughts and advice on how to pave the way for others as part of The Fintech Times 'Women in Fintech' series.
Financial IT interview with Chetwood’s Distribution Lead9o June 2021Chetwood’s Distribution Lead, Sophia Sanders, recently spoke to Financial IT about what makes Chetwood a new kind of bank and how our Banking as a Service offering can help any companies whose customers have a financial need.
Watch their conversation back below.
Banking as a Service: who is it for?23o April 2021Head of Corporate Development, Andrew Arwas, explains why BaaS should not be misunderstood as simply the next technology model.
A day in the life... IWD 20218o March 2021Chetwood celebrates International Women’s Day by sharing what a typical day at a not so typical bank looks like.
A target market should be a target market13o February 2021Chetwood Commercial Director, Julia McColl and Katie Hobson, Future Kings’ Account Director led the discussion on the importance of creating and launching brands with distinct customer segments.
Chetwood Financial rethinks banking business models1o February 2021In a recent interview, Chetwood CEO, Andy Mielczarek, spoke to The Banker about how Chetwood’s philosophy stands out in an evolving UK banking landscape.
Chetwood awarded ‘Best use of Data’25o November 2020For our innovative use of data within our products, Chetwood won the ‘Best Use of Data’ award at the 2020 UK Business Tech Awards.
Jessica Rusu talks AI in Financial Services24o November 2020In The Fintech Times' latest webinar, Chetwood’s Chief Data Officer, Jessica Rusu, joined the panel to explore how AI has progressed in the financial services sector.
Chetwood shortlisted for 2020 Engage Awards13o October 2020Chetwood's consumer lending brand, LiveLend, has been named as a finalist in the Best Use of Technology in Customer Engagement category in the 2020 Engage Awards.
Chetwood’s Commercial Director talks BetterBorrow with FinTech Futures6o October 2020Julia McColl spoke to FinTech Futures’ Ruby Hinchcliffe about BetterBorrow, Chetwood’s multiple brand strategy and how we’re continuing to use innovative technology to build more dynamic products for our customers.
Chetwood named UK Business Tech finalist2o October 2020Chetwood Financial has been shortlisted in the Best Use of Data category at the UK Business Tech Awards for dynamic loan product, LiveLend.
Chetwood launches second lending product, BetterBorrow29o September 2020Chetwood Financial has announced the launch of BetterBorrow, its second lending product designed collaboratively alongside customers with a focus on providing a better borrowing experience.
Chetwood shortlisted in Business Cloud’s FinTech Disruptors24o August 2020Chetwood Financial joins a prestigious list of around 250 companies which have been shortlisted for potential inclusion in the 100 FinTech Disrupters ranking for 2020.
FinTech Futures examines Chetwood Financial’s progress14o August 2020Following the news that Chetwood Financial has secured a further £10 million from New York-based hedge fund Elliott, industry magazine FinTech Futures has taken an in-depth look at the digital bank’s ongoing success.
Eliott pumps £10m into digital bank Chetwood10o August 2020As reported in the Telegraph this week, New York hedge fund Elliott has upped its stake in Chetwood Financial, bringing its total equity in the firm to £100m.
Chetwood Financial responds to COVID-19 pandemic26o March 2020As Chetwood Financial remains open for business during the unprecedented time of the Coronavirus pandemic, their products’ support teams are encouraging customers to get in touch if they’ve been impacted by COVID-19 so that they can help make things more manageable.
LiveLend's customers herald ‘game changing’ Reward Loan11o August 2019Since its launch in 2018, LiveLend, Chetwood Financial’s hi-tech loan that rewards borrowers with better rates as they improve their credit score, has made a significant impact on its customers lives.
LiveLend shortlisted at the Consumer Credit Awards 10o June 2019Set against a backdrop of intense competition, Chetwood Financial’s dynamic loan LiveLend has been shortlisted in the Innovation of the Year category at the Consumer Credit Awards.
Chetwood partners with Amazon Web Services1o June 2019To help realise its vision of disrupting all aspects of the financial services industry, Chetwood Financial has teamed up with Amazon Web Services partner Inawisdom to support its Artificial Intelligence (AI) and Machine Learning (ML) needs.
Chetwood launches SmartSave4o April 2019Chetwood Financial is launching its second consumer product to market. SmartSave is a new savings platform that aims to use technology to make customers better off with a fixed term, fixed rate savings account.
Chetwood Financial shines a spotlight on outdated financial practices16o January 2019Chetwood Financial’s founders, CEO Andy Mielczarek and COO Mark Jenkinson, sat down with Bobsguide to talk about the digital bank’s ethos, and how it is committed to turning antiquated financial services practices on their head.
Chetwood Financial featured by BBC Wales18o December 2018Chetwood Financial hosted the team at BBC Wales at its Wrexham headquarters, to talk about the strategic importance of being situated in Wales.
Chetwood Financial launch world’s first dynamic loan30o November 2018Chetwood Financial have launched the LiveLend Reward Loan. Designed for everyday people, we’re offering something no provider has before - a loan where the rate can fall when a customer’s credit score improves.
Chetwood Financial amongst most innovative technology companies in Wales23o November 2018Wales’ biggest media company, Wales Online, has published its annual line-up of 35 great tech focused firms in the country, celebrating established companies going through new exciting technology-driven growth phases and high-growth potential start-ups.
Chetwood backs Coleg Cambria’s student awards6o June 2018Chetwood Financial has continued its investment into the Wrexham region through sponsorship of Coleg Cambria’s annual student awards.
Chetwood opens doors at Wrexham office22o September 2017Chetwood Financial celebrated its official launch yesterday in the presence of Ken Skates AM, Cabinet Secretary for Economy and Infrastructure.
