In positive signs for the economy’s recovery, research from IRIS Software Group (IRIS), one of the UK’s largest software companies, has found businesses that prioritised harnessing technology to move to cash free trading and support flexible working while increasing customer communications during lockdown predict a return to pre-pandemic trading levels in just six months.   

Business bank, Allica Bank has combined data and insight from over 1,000 UK SMEs with a multiple regression analysis to determine what factors most closely aligned with an SMEs’ chances of success and separated the highest-performing businesses from their peers. These ‘rules for success’ have been compiled from the research data to support British businesses as they look to chart a course to post-Covid recovery.  

NatWest today brings Apple Pay to its Business credit card customers, providing a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction.

Mastercard and ANNA Money today announced an extended partnership that will support ANNA’s customers with value-added services.

ANNA is a mobile business account, Mastercard debit card and virtual assistant rolled into one aimed at start-ups, freelancers and small businesses.

Launched in 2018, ANNA (Absolutely No Nonsense Admin) “the debit card that meows”, has worked with Mastercard since its inception. 

Yolt, the award-winning smart money app, has today announced that it is heading into a beta period, testing a new evolution of its app focused on smart spending and savings growth, in recognition of the shift in financial priorities brought on by the Covid-19 pandemic.

Colt Technology Services has announced its enhanced universal customer premises equipment (uCPE) solution, which brings the benefits of Network Function Virtualisation (NFV) to enterprises.

This expanded functionality provides a network operating system and hosting environment for Virtual Network Functions (VNFs), such as SD WAN and firewalls, all running on standard off-the-shelf servers, with both provider managed and customer managed NFV applications being run on this platform. 

In response to growing market demand for its solutions, Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital banking, is quickly expanding its customer success team to support increased execution and planning. Finzly is pleased to announce the addition of Dharmesh Patel as its new vice president of Customer Success.

With 50% month-to-month growth in trading volumes, FX is on a roll - but what will happen when we’re back to normal?
 

The coronavirus pandemic threw the world into a tailspin. More than six months after COVID-19 came into our lives, the international community is still dealing with substantial uncertainty. Hundreds of millions have lost their income, and the future remains undecided for people and businesses around the world.
 

BNY Mellon has recently collaborated with SWIFT to be the first U.S. bank to offer the gpi Case Resolution service to clients, and the fifth globally. This offering marks another milestone in BNY Mellon’s commitment towards client-centric payment services and leading the path for other global payments innovation (gpi) initiatives.

As businesses worldwide begin coming out of lockdown into uncharted territory, adapting and surviving the economic and social impacts of COVID-19 is imperative as consumer behaviour, namely spending habits, continue to rapidly change. Alongside a 200% rise in “first-time” online purchases in April, Econsultancy recently reported a 33% increase in “online banking or use of mobile apps and payment methods”.