Commenting on UK GDP showing a positive uptick and an encouraging economic outlook, Douglas Grant, Director of Conister, part of AIM listed Manx Financial Group, said: "Today’s UK GDP data shows a positive uptick quarter on quarter and provides a more encouraging outlook for the UK economy going forward. However, the plight of UK small businesses and current default levels caused by the ongoing impact of the pandemic should be of real concern.

• 44% of European customers rate environmental and social issues as ‘very important’ when choosing a bank
• 18-24-year-olds are almost twice as likely to switch banks compared to those aged 55 and over

US INFLATION 5.4%

and going to stay high!

Mandar Agashe, Founder, Vice-Chairman and MD, Sarvatra Technologies said:

August 12 is International Youth Day, a date designated by the United Nations General Assembly in 1999 to recall the role played by young people in development and peacebuilding. Sber timed its research on the investment habits of young people to coincide with this date.

Fraud, AML, compliance, customer treatment, systems and controls top the list of 2,754 separate allegations logged by 1,046 whistleblowers in the last year 

Validis, the provider of open accounting data and analytics, announces the appointment of Matt DeVoe as VP of Sales to spearhead its North American financial services growth.  

Matt joins Validis from LendingFront and has previously held roles at EDR/LightBox where he helped drive strong expansion of SMB finance technology across the US. Matt’s appointment signals an increased focus by the global fintech to further expand its regional footprint and embed the Validis platform across the North American financial services sector.

Credit card spend 3.5 percent higher compared to June 2019 suggests some households are benefitting from pandemic savings, but not everyone is experiencing post-COVID confidence with accounts missing two payments increasing 15 percent compared to May

Highlights

 LHV Bank and European payment services provider Nets have extended their long-term partnership in Estonia, while adding new issuing services for LHV’s British subsidiary, LHV UK Limited.

• After launching in the UK in 2020, SurePay’s Confirmation of Payee (CoP) solution is now checking over 30 percent of all online payments in the British market

  SurePay, the leading Confirmation of Payee provider, has announced that Triodos Bank UK, one of the leading players in ethical sustainable banking, will implement its full-service Confirmation of Payee solution.