Resourcing an interim CASS SME

A peer-to-peer lender needed our help to rapidly improve its systems to regulatory standards

The challenge

Our client, a Peer-to-Peer lender, was under the FCA spotlight due to the way it managed and recorded its client money

Peer-to-Peer lenders need to manage their client assets in a slightly different way from other financial institutions and our client, having experienced massive growth, just didn’t have the knowledge and experience

We were asked to supply an interim CASS expert who understood the rulebook and could make some recommendations, and then possibly assist with implementation of new processes

Our approach

Whilst we have a small number of CASS specialists on our Associate books, none have experience of working with a Peer-to-Peer lender

We were able to network with the above individuals and it transpired that one of them knew a CASS specialist from the UK’s leading Peer-to-Peer lender

This candidate was interested in working with PEN so, following an extensive interview process, we proposed him to our client

The outcome

Our client was delighted with the calibre and experience of the individual that we presented, and after a four week interim role, he was offered a permanent post there. 

He continues to do an excellent job for our client