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Why Alternative Lenders Mustn’t Be Frozen Out During the Covid-19 Crisis

There are around 5.9 million small and medium sized enterprises (SMEs, or any business with fewer than 250 employees) in the UK according to the Department for Business, Innovation & Skills. Seen to be the backbone of any healthy economy, they drive growth, create a group of skilled and semi-skilled workers, generate competition and encourage innovation across a range of industries, as well as supporting future industrial and business expansion in the country. They keep the business sector energised, generating a healthy flow of new skills and ideas.

Monday, August 24, 2020 - 15:28
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/blog/lending/why-alternative-lenders-mustnt-be-frozen-out-during-covid-19-crisis
Financial IT
How to Grow a Fintech Business – Part 1

I was recently invited to a meeting where the Marketing Director of a fintech company told me how he was going to revolutionise the sector with the launch of their new venture. He explained that they would march through the industry, gaining market share like an indestructible army, as their technology destabilised the established players.

Monday, August 24, 2020 - 14:44
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Financial IT
Currencycloud Partners with Radius Bank's Continuing North America Growth

Radius Bank, the best online US bank of 2020*, and Currencycloud, the leader in providing B2B embedded cross-border solutions, have partnered to offer Radius clients the ability to send money to more than 180 countries.

Monday, August 24, 2020 - 14:10
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/news/payments/currencycloud-partners-radius-banks-continuing-north-america-growth
Financial IT
IHS Markit Appoints Gay Huey Evans OBE to its Board

IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced the appointment of Gay Huey Evans OBE as an independent director to its board, effective August 21, 2020. She will also join the company’s audit committee. Following the appointment, 40% of the independent directors on the IHS Markit board are female.

Monday, August 24, 2020 - 14:06
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/news/people-moves/ihs-markit-appoints-gay-huey-evans-obe-its-board
Financial IT
Leading Financial Executives Discuss the Future of Finance

On the 4-5th August 2020, over 3,000 financial services executives from 90 countries around the world gathered at the Virtual FinTech Fair 2020, Asia’s first fully virtual conference, to discuss how the industry can come together to overcome the biggest challenge it has faced since the 2008 financial crisis – COVID-19.

Monday, August 24, 2020 - 13:32
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/news/covid-19/leading-financial-executives-discuss-future-finance
Financial IT
Nucleus Commercial Finance Supports SMEs with Faster Decision Making on Applications
Nucleus Commercial Finance today announces it has digitised the end-to-end user journey for all finance applications, including loans through the Coronavirus Business Interruption Loan Scheme (CBILS). Following significant investment in technology and a pilot to test it’s capabilities, businesses and brokers now benefit from almost instant decisions on applications up to £250k, ensuring SMEs can secure the funding they need quickly and easily. 
Monday, August 24, 2020 - 13:21
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/news/lending/nucleus-commercial-finance-supports-smes-faster-decision-making-applications
Financial IT
Citibank Introduces "Move Money to Citi" Mobile Banking Service Providing a One-Stop Digital Wealth Management Service

In view of increased client need for wealth management via digital channels, Citibank has long been devoted to bringing innovative banking experiences to clients. "Move Money to Citi" service was recently launched in the Citi Mobile® App to facilitate real-time money transfer from accounts at other banks to Citibank accounts upon registration.

Monday, August 24, 2020 - 12:58
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/news/wealth-management/citibank-introduces-move-money-citi-mobile-banking-service-providing-one-stop
Financial IT
EMV® Specifications and COVID-19: Prioritising Safe and Convenient Payments

COVID-19 has had an unparalleled impact on all aspects of life globally, including business and across all industries. Payments is no different.

Monday, August 24, 2020 - 12:41
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Financial IT
Financial Services Sector Set to Lead the SME Covid-19 Recovery

Financial services SMEs have emerged as the most resilient and confident sector group in the wake of lockdown, according to Sage’s SME Sentiment Index

Businesses in this sector are the most likely to have been profitable by the end of Q2 2020, with 63% expecting to turn a profit by mid-year. They are also the most resilient to future disruption; 55% say a second wave of Covid-19 and tightening of lockdown restrictions would not have a severe negative impact. 

Monday, August 24, 2020 - 12:23
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/news/covid-19/financial-services-sector-set-lead-sme-covid-19-recovery
Financial IT
Zopa Launches Fixed Term Savings Account

On Monday 24 August 2020 digital bank Zopa is launching it’s Fixed Term Savings account, offering UK savers the ability to earn rates of up to 1.3% over one to five years.   

Monday, August 24, 2020 - 12:15
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/news/banking/zopa-launches-fixed-term-savings-account
Financial IT

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