Swoop, a FinTech solution that supports SMEs to access funding, has been awarded £5 million (€5.6 million) by the UK’s Banking Competition Remedies (BCR) – an independent body working on behalf of Royal Bank of Scotland (RBS). BCR aims to ensure RBS is continually promoting competition within banking, and fair access for SMEs to the banking services market, with funds becoming available when an alternative body can better deliver this goal.