JLG Group PLC has achieved ISO 9001:2015 and ISO 22301:2012 global certification - the internationally recognised Business Quality Management System standard which underpins the next stage of our development.
We are proud of this and CEO John Davies says,"We felt it important for the company to have the thorough independent scrutiny".
The first alternative commercial lender to be an Associate Member of UK Finance
A benefactor of 'Project Rome', the campaign from the Emerging Payments Association EPA lobbying for fairer access to payments infrastructure through FinTech providers.
And one of the seven founder members of the Association of Alternative Business Finance AABF
The Group entered the alternative finance sector with the aim of providing a real alternative to Business Banking and has built a robust, scalable, Anti Money Laundering (AML) compliant process for on boarding Corporate Borrowers in the UK and eventually Europe. This was achieved through increasingly using FinTech to streamline the application process and deliver exceptional customer experience.
Having fully proven the model across the JLG portfolio, the Group is now positioned to provide these services additionally to Financial Institutions with a need to balance the management of costs with their regulatory obligations under the Anti Money Laundering legislation.
By doing so, both new entrant and established, Financial Institutions are able to serve the business and small corporate market cost effectively and with an improved quality of service.
PropensityPlus
The Group has invested heavily in developing its proprietary PropensityPlus scoring model. This is proving to be a major competitive advantage as it drives a comprehensive underwriting process, enabled by the latest technology, leveraging a wide variety of current and historical data points, many of which are not used by traditional banks or other lenders. This provides extensive insight into the propensity for both the Directors and businesses to be successful going forward.
PropensityPlus achieves significant efficiencies leading to a faster finance application process and a much improved impairment experience across the loan book.
These benefits are seen as attractive both to borrowers and stakeholders as a whole.
Our innovative solutions have been winning awards.
London Stock Exchange Group's 1000 Companies to Inspire Britain 2019
JLG Group recognised in sixth edition of London Stock Exchange Group’s 1000 Companies to Inspire Britain report. Report identifies fastest-growing and most dynamic small and medium sized businesses (SMEs) across the UK
Growth Finance Awards 2019
Just Cash Flow Runner up in Best Customer Experience Award
Receivables Finance International Awards 2018
John Davies shortlisted for Industry Ambassador of the Year 2018
Just Cash Flow Receivables Finance International Awards 2018
Runner up, SME Finance Provider of the Year 2018
Just Bridging Corporate LiveWire 2017 Finance Awards
Commercial Property Lender of the Year
Just Cash Flow Trade Finance Global Excellence Awards
Voted Best Cash Flow Lender 2017
Just Cash Flow Business Moneyfacts Awards 2016
Highly Commended in the Business Product Innovation of the Year
The BusinessPlus Prepaid MasterCard Card
Just Bridging Business Moneyfacts Awards 2016
Nominated for Best Service from a Bridging Finance Provider
Just Bridging Corporate Live Wire Finance Awards 2016
Winner of Client Choice Award for Best Commercial Property Lender
Just Cash Flow Business MoneyFacts Awards 2015
Commended in the Business Product Innovation of the Year
The economic climate has seriously impacted the lending market - especially corporate finance. Many SME's are unable to reach their full potential due to the funding gap.
With the development and ever fast moving pace of FinTech, alternative finance is booming across Europe as a result of the major banks' lack of lending post the financial crisis.
While our immediate focus is on lending in the UK, our modelling strategy is designed to support full service business banking and to be the springboard for expansion into the Pan-European Market.
In the meantime, FinTech is enabling us to deliver customer service enhancements and provide new technologies in our back office.
Additionally we are increasingly looking to support and invest in budding FinTech entrepreneurs that enhance our business model. Equally, through our relationship with EPA, we are keen to work with payment platform providers and other service providers who would make a difference to our European expansion plans.
If you have a product, service or idea that would help us to achieve our goals, please approach us to discuss possible collaboration.