Missed payments and managing payment support are part and parcel for any utility provider. However, in today’s current economic climate, more people than ever before are running into financial difficulties, meaning payments are getting increasingly harder to manage.

HSBC has announced the appointment of Steven Van Wyk as Group Chief Information Officer (CIO), to lead the bank’s global technology organisation and to execute its customer-focused technology strategy.

1. Digital banking standards will emerge to safeguard the use of payment platforms fueled by cutting-edge technologies such as AI, ML and Blockchain.  

Automation:

Digital payments have evolved tremendously over the past few years, raising the question: where will digital payment technologies take us in the future?

The COVID-19 pandemic has destroyed millions of businesses and changed others irrevocably. Lenders are one of the business branches affected and many of them are struggling just like those who are currently unable to receive loans. Many sources criticize financing providers for stopping loan originations or tightening lending standards. However, the current situation has also created an opportunity for fintech.

Nearly a quarter of business owners (23%) will not buy any Christmas gifts for their family and friends this year as the pandemic takes its toll on plans across the UK. 

Christmas and working hours

Sage, a market leader in cloud business management solutions, today announced a significant partnership with Brightpearl, a market leading Digital Operations Platform targeted at digital retailers across the globe.

2020 is the year of Bitcoin, as more and more cryptocurrency fans are looking for the best ways to get their hands on the most popular crypto. While there are over a thousand different options, it seems that Bitcoin is the golden currency that will shape the financial future of the world.