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Welcome to another compelling issue of Metrics Monthly! As local lockdowns put socialising in some parts of the UK back on hold, the finance industry world is still revolving, and this month’s newsletter looks at recent awards, new forbearance guid- ance and the collapse of rent-to-own retailer BrightHouse. Our ‘in the news’ section looks at how Fintech organisations are being sup- ported by Tech Nation’s Fintech Pledge, which sees big name banks sign on the dotted line in an effort to keep the UK at the global forefront of Fintech com- panies. We’re also showcasing the new Nesta challenge which offers £2.8m to support solutions that can help people access financial assistance or access affordable credit during this difficult time. Our feature piece this month follows on from our May article about how mortgage lenders have been recog - nised extensively for the fantastic work
they are doing to process millions of payment holiday requests. As the 6 month Mortgage Holiday scheme draws to a close, we ask “what’s next for the mortgage industry? ” and look at the recent FCA guidance which aims to ensure firms provide tailored support to mortgage borrowers who continue to face financial difficulties. Amidst the negativity in the media this month, we have some good news to share, as the results of 19,000 consum- er votes are counted and LendingMet - rics is recognised for our outstanding work with our partners. Our featured thinkpiece this month is by CEO David Wylie, who says the col - lapse of BrightHouse and others, plus an ongoing tidal wave of compensation claims, should act as a wake-up call to the regulator on page 10. If you haven’t subscribed to Metrics Monthly yet, make sure you head to our website to sign up and receive monthly editions straight to your inbox.
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