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We're now an Associate Member of the BBA

A first for an alternative commercial lender.

JLG Group PLC has become the first alternative commercial lender to become an Associate Member of the British Bankers' Association.

The BBA is the leading banking trade association based in the UK. They have over 240 member organisations with a global presence. The BBA is the voice of banking, representing the world's largest banking cluster with 80 percent of global systematically important banks being members. The BBA supports and promotes policies and initiatives that balance both the interest of banks and the wider public. The BBA's Relationship Director, Richard Adler says, "We are very pleased to welcome JLG Group as an associate member. We are looking forward to working with The JLG Group platform."

The JLG Group CEO, John Davies, adds, "I don't believe that traditional banks and alternative lenders are in competition with each other as they share the common aim of helping UK businesses invest and grow.

We see the future as traditional banks and alternative lenders increasingly working in partnership with each other. Aligning ourselves with the BBA - the voice of banking in the UK - is a great way to accelerate this and share experiences to date that come from a sole focus on business lending and innovative FinTech investments."

Notes

JLG Group PLC is the first alternative commercial lender to be a Professional Associate Member of the British Banking Association.

The Group entered the alternative finance sector in 2012 with the aim of building 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. 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.

PropensityPlus is a Registered European Union Trade Mark of JLG Group PLC under No. 15316797

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Press Release

Date Issued September 2016.

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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.

JLG Group PLC is the first alternative commercial lender to become an Associate Member of the British Bankers' Association.

We are a benefactor of 'Project Rome', the campaign from the Emerging Payments Association (EPA) lobbying for fairer access to payments infrastructure through FinTech providers.

ISO

JLG Group PLC has been certified by BSI to ISO 9001:2015 and 22301:2012 under certificate numbers FS 668057, BCMS 668054.

AABF

And one of the seven founder members of the AABF

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Group Companies

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Covid 19

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Announcements

  • Susanne Chishti FinTech Recognition Feb 2020
  • JLG Groups raises £85M in Bond Sale Nov 2019
  • JLG Groups joins LSE Elite Nov 2019
  • LSE 1000 Companies to Inspire Britain Report Nov 2019
  • John Davies appointed to Emerging Payments Association Advisory Board Jan 2019
  • Just Cash Flow PLC ‘A’ rated investment option. October 2018

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PropensityPlus is a Registered European Union Trade Mark of JLG Group PLC under No. 15316797