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Grupo Nostrum RNL SA

Type: Company

Name: Grupo Nostrum RNL SA

First reported May 13 2013 - Updated May 13 2013 - 1 reports

Harrogate firm provides expertise to Green Deal Company

Harrogate-based Nostrum Group is to provide technology and associated processing services to The Green Deal Finance Company.That’s an industry-led consortium with over 50 members that recently raised £244 million from its stakeholders, to support the ... [Published Business Link - May 13 2013]

Entities: Green Deal Finance Company Ltd, Grupo Nostrum RNL SA, Richard Carter

First reported May 08 2013 - Updated May 08 2013 - 1 reports

Nostrum Group announces live operation of its full outsource service for The Green Deal Finance Co

Nostrum Group, a leading provider of IT solutions and process outsourcing services to the finance industry, has announced that its full outsource service to support the acquisition and subsequent management of Green Deal Plans on behalf of The Green Deal ... [Published CCR Magazine - May 08 2013]

Entities: Grupo Nostrum RNL SA, Green Deal Finance Company Ltd, Richard Carter, Consortium

First reported Apr 19 2013 - Updated Apr 19 2013 - 1 reports

Trends in lending - comment from Nostrum Group

Richard Carter, chief executive of Nostrum Group, comments on the Bank of England?s latest ?Trends in Lending? report. ?The latest Trends in Lending report reflects the underlying problem of the British economy - banks have limited capital to lend to ... [Published CCR Magazine - Apr 19 2013]

Entities: Grupo Nostrum RNL SA, Richard Carter, Commercial Lending, Invention

Quotes

...long-term and low-cost funding to enable householders across all parts of the country to finance energy efficiency improvements to their homes. "We are delighted that Nostrum will be supporting us in both the set up and servicing of loans for Green Deal Providers. They have a detailed and proven understanding of managing a high volume of loans in a CCA compliant manner and will provide an agile, secure and scalable solution.? Richard Carter, chief executive at Nostrum Group, said: "Nostrum's selection by The Green Deal Finance Company is testament to our ability to understand and deliver complex projects in an increasingly regulated lending sector. The financing of Green Deal Plans is an emerging industry, necessitating our engagement with a range of different energy and finance industry service providers in a short period. "The service was launched on the 2nd April and at its core is the requirement to provide the stakeholders with the lowest possible cost operating model. We are excited to be working with The Green Deal Finance Company to support the national roll-out of the Green Deal." (Source - Nostrum Group Press Release)"

Nostrum Group announces live operation of its full outsource service for The Green Deal Finance Co [Published CCR Magazine - May 08 2013]

...the British economy - banks have limited capital to lend to businesses and traditional credit facilities are continuing to be restricted for SMEs. "Whilst government-backed initiatives, such as Project Merlin and the Funding for Lending scheme, have played an important role in increasing the credit available to the corporate sector, further developments surrounding lending to SMEs would encourage a more bullish attitude about the future for UK plc. "In all markets, necessity is the mother of all invention and this will certainly be in the case in the commercial lending sector as alternative sources of credit start to fill the gap created by mainstream lenders? lack of liquidity and appetite. Commercial peer-to-peer lenders, such as Funding Circle, ThinCats and rebuildingsociety, focus exclusively on the commercial sector and continue be an important source of funds when it comes to re-equipping a rusting Britain. In addition, we are starting to witness the prevalence of new funding models, for example, crowdfunding operations like Kickstarter, where investors help with the seed funding of a business or creative work. As the lending industry continues to experience sluggish levels of growth, these ?alternative? models of lending will be propelled into the mainstream and help to kick-start innovation.? (Source - Nostrum Group Press Release)"

Trends in lending - comment from Nostrum Group [Published CCR Magazine - Apr 19 2013]