CBILS goes digital, but lags behind BBLS
More digital banks have been added to the list of accredited CBILS lenders, but the funding is still moving slowly. Starling’s Anne Boden sheds some light on the disparity between CBILS and BBLS while Barclays comes under fire for its provision of emergency loans.
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Barclays branch and online systems are woefully inadequate, if I treated my clients the way they do I wouldn't have any left ! .
Barclays tried to compare the Bounce Back LOan approvals to their normal lending. Oranges and Pears - just dont know why I stay with this bank.
I was advised that one of the problems was that Barclys had to "Know their clients for money laundering purposes" as part of the Bounce Back scheme but this part of the sytem was either useless or could not connect to the main system or systems. As this is a fairly simple process one wonders why some of the at home staff could not have dealt with this?