MASHINIi

VANQUIS BANKING GROUP PLC.

VANQ.LSE | Other credit granting

Vanquish Banking Group PLC, formerly known as Provident Financial plc, is a United Kingdom-based financial services provider specializing in credit cards and vehicle finance. The company focuses on serving customers who are underserved by mainstream lenders. Vanquish Banking Group offers a range of ...Show More

Ethical Profile

Mixed.

Vanquis Banking Group has a mixed ethical profile. Its subprime lending model, offering credit cards and vehicle finance through Moneybarn, involves higher interest rates and fees, which critics suggest can perpetuate debt cycles for underserved customers. Moneybarn has also been linked to risks of unaffordable lending and asset repossession. Formerly Provident Financial, the company faced regulatory scrutiny and fines over past lending practices, raising concerns about "Honest & Fair Business." As a financial institution, Vanquis's reliance on technology for sensitive data makes robust "Safe & Smart Tech" practices crucial.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect40
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

No evidence available to assess VANQUIS BANKING GROUP PLC on Better Health for All.

Fair Money & Economic Opportunity

0

No evidence available to assess VANQUIS BANKING GROUP PLC on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

40

The company retains accreditation from the UK Living Wage Foundation

1
, indicating 100% coverage for direct employees
2
, with minimum pay increasing to £12.69 per hour from October 1, 2024
3
. Only 0.6% of the workforce is on temporary or short-term contracts
4
, with no use of zero-hour contracts
5
. The Vitality Health programme is available to employees, with 100% enrolment
6
, indicating high health coverage. The employee attrition rate, excluding redundancies, was 10.8%
7
. However, the median gender pay gap is 31.0%
8
, meaning women earn 69% of men's median pay.

Fair Trade & Ethical Sourcing

0

No evidence available to assess VANQUIS BANKING GROUP PLC on Fair Trade & Ethical Sourcing.

Honest & Fair Business

0

No evidence available to assess VANQUIS BANKING GROUP PLC on Honest & Fair Business.

Kind to Animals

0

No evidence available to assess VANQUIS BANKING GROUP PLC on Kind to Animals.

No War, No Weapons

0

No evidence available to assess VANQUIS BANKING GROUP PLC on No War, No Weapons.

Planet-Friendly Business

0

No evidence available to assess VANQUIS BANKING GROUP PLC on Planet-Friendly Business.

Respect for Cultures & Communities

0

No evidence available to assess VANQUIS BANKING GROUP PLC on Respect for Cultures & Communities.

Safe & Smart Tech

10

The company demonstrates strong regulatory compliance, having successfully delivered key regulatory initiatives, including the abolition of Lifetime Allowance in pensions and T+1 Settlement for equities, on time

1
. It has also embedded a new Group risk maturity model
2
, achieving its target risk maturity score
3
, and ensures regulatory compliance by publishing HLAM and HLFM TCFD reports
4
.

Zero Waste & Sustainable Products

0

No evidence available to assess VANQUIS BANKING GROUP PLC on Zero Waste & Sustainable Products.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.