The Financial Intermediary & Broker Association (FIBA) held its first regional roadshow last Thursday (12th April) in north London.
The event allowed brokers from across the region to take part in a new live deal room and learn more about GDPR compliance.
The format enabled brokers to present deals that they had been working on to a host of specialist lenders.
The lenders included Assetz Capital, Funding 365, Octopus Property, Roma Finance, United Trust Bank, alongside network Connect for Intermediaries.
The event also featured an opening presentation on GDPR in the sales process.
The talk from Mark Greenwood, group compliance policy manager at SimplyBiz Group, promoted a strong Q&A session afterwards.
FIBA said delegates were impressed with the much needed clarity and commonsense approach to what brokers need to do to ensure compliance with GDPR by the 25th of May.
“Our first workshop was well attended and my thanks to our sponsors, who were delighted with the cases that came into the new live deal room from our attending broker delegates,” said Adam Tyler, executive chairman at FIBA.
Scott Marshall, managing director at Roma Finance, added: “We were delighted to be one of the sponsors at the inaugural FIBA workshop in Watford, which included the live deal forum where brokers were able to discuss live cases with lenders.
“This provoked open dialogue which resulted in brokers gaining a better understanding of lenders' requirements and lenders able to question brokers, which helped structure some complex transactions.
“We will definitely be sponsoring more of these events.”
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...