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Small Businesses Should Re-invest 9% of Profits to Succeed, Finds New Study

A new study, commissioned by business bank Allica Bank has looked to quantify exactly how much UK small businesses should be re-investing to succeed post-Covid. The study analysed data from over 1,000 companies and ranked their success on a scale that evaluated factors including productivity, growth, consistency and outlook.

Wednesday, August 26, 2020 - 16:55
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/news/covid-19/small-businesses-should-re-invest-9-profits-succeed-finds-new-study
Financial IT
Jaywing Completes IFRS 9 Model Framework For Starling Bank’s CBILS Portfolio

Jaywing has completed its work with Starling Bank to deliver an IFRS 9 modelling framework for the calculation of IFRS 9 Expected Credit Losses on the Coronavirus Business Interruption Loan portfolio.

Following appointment in June, Jaywing has built a data-driven model with flexibility, pragmatism and expert judgement to facilitate the provision of government-backed loans to support small businesses affected by coronavirus (Covid-19) with immediate liquidity needs.

Wednesday, August 26, 2020 - 13:39
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/news/lending/jaywing-completes-ifrs-9-model-framework-starling-banks-cbils-portfolio
Financial IT
Zortrex Appoints Michael Boevink as CEO

Zortrex, the disruptive data security start-up and developer of Zortrex Token Vault, a unique, secure and scalable tokenisation system, has today announced the appointment of Michael Boevink as CEO.

Wednesday, August 26, 2020 - 13:32
34991
/news/people-moves/zortrex-appoints-michael-boevink-ceo
Financial IT
INSTANDA and Capco Partner to Accelerate Digital Transformation in the Insurance Industry

INSTANDA, the leading customer and policy management platform for the insurance industry, and Capco, the global management and technology consultancy, and have today announced a new partnership that leverages technology and data to further accelerate ongoing digital transformation in insurance.

Wednesday, August 26, 2020 - 11:51
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/news/insurtech/instanda-and-capco-partner-accelerate-digital-transformation-insurance-industry
Financial IT
New Lenders Accredited to British Business Bank Coronavirus Business Interruption Loan Schemes

Today the British Business Bank has announced that it has approved Conister for accreditation to the Bounce Back Loan Scheme (BBLS), and Bank of Ireland (UK) for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS).

Conister will join the other 26 BBLS lenders who have been accredited since the scheme opened.

Wednesday, August 26, 2020 - 11:48
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/news/covid-19/new-lenders-accredited-british-business-bank-coronavirus-business-interruption-loan-0
Financial IT
Trustly Expands Into Australia and Canada

Trustly, the global leader in Online Banking Payments, is pleased to announce that it is expanding its offering to Australia and Canada.

Expansion into Australia marks Trustly’s first step into the Asia-Pacific region, while Canada bolsters its North American market coverage. Together, these two countries represent a momentous move in Trustly’s plan to develop a global Online Banking Payments network, adding to Trustly’s existing coverage in Europe and the US.

Wednesday, August 26, 2020 - 11:42
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/news/payments/trustly-expands-australia-and-canada
Financial IT
SGX Partners with Cassini Systems to Help Market Participants Prepare for Uncleared Margin Rules (UMR)

Singapore Exchange (SGX), the world's largest and fastest-growing Asian foreign exchange (FX) futures marketplace, and Cassini Systems, the leading provider of pre- and post-trade margin and collateral analytics for derivatives markets, have partnered to provide a free service for SGX market participants, to help them prepare to meet the Uncleared Margin Rules (UMR) requirements.

Wednesday, August 26, 2020 - 11:34
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/news/online-trading/sgx-partners-cassini-systems-help-market-participants-prepare-uncleared-margin
Financial IT
Plum Launches Rewards Program Powered by Button’s Technology

Button, the leading mobile commerce technology company, announced its partnership with Plum, the money management AI assistant.

Wednesday, August 26, 2020 - 10:54
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/news/e-commerce/plum-launches-rewards-program-powered-buttons-technology
Financial IT
Grass Warehouse’s Sales Increase After Introducing DivideBuy Amidst COVID-19 Lockdown

Leading LendTech company, DivideBuy, has revealed the results of its partnership with Grass Warehouse, the UK’s leading retailer of artificial grass and the online-only subsidiary of the Walton Flooring Centre.

Wednesday, August 26, 2020 - 10:42
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/news/e-commerce/grass-warehouses-sales-increase-after-introducing-dividebuy-amidst-covid-19-lockdown
Financial IT
Registering a 115% Debit Card TPV Growth, EBANX Offers Debit Payment Solutions for All Flobal Merchants in Brazil

Payments company EBANX is ready to provide debit card payment processing in Brazil to all global merchants. By integrating once with the EBANX debit card solution for the country, merchants will be able to offer Brazilian consumers the option to pay using a variety of debit cards, from both local and global schemes, including the virtual debit card recently launched by the Brazilian Caixa Econômica Federal. 

Wednesday, August 26, 2020 - 10:28
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/news/payments/registering-115-debit-card-tpv-growth-ebanx-offers-debit-payment-solutions-all-flobal
Financial IT

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