We have seen extraordinary levels of Government-backed support made available to the public and businesses alike in responding to the health crisis by our banks through payment holidays, grants and the furlough scheme. While we keep collective fingers crossed that the economy bounces back quickly, the consequences of loan payment freezes, mortgage payment holidays and business interruption loans will no doubt last for years.

Enterprise businesses could lose almost £1m annually in failed payments, with mid-market businesses making losses of £200k+ and small businesses £6k+, according to a new study by GoCardless, the leading fintech for recurring payments. 

Wolters Kluwer Lien Solutions has today launched iLien for Main Street – an innovative technology solution to help U.S. lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program (Program). The Program is part of the U.S.

Shift Connect, Canada’s pre-eminent global payments and foreign exchange platform, is partnering with Currencycloud, the leader in providing B2B embedded cross-border solutions, to power its expansion into new territories including the US, Europe and UK.

NYMBUS®, a provider of the world’s most advanced financial services platform, today announced a new partnership with digital payments company Payrailz® to further enhance NYMBUS’ cloud-based SmartEcosystem™ of digital-first banking products and services.

Today, FICO, a global analytics software firm, released  a new report from the market intelligence firm Corinium that found the demand for artificial intelligence (AI), data, and digital tools is soaring as the COVID-19 pandemic continues to put a strain on many enterprises.  

London Lanistar, the hassle free banking alternative set to revolutionise how customers streamline their money, has today announced that it has agreed terms in its latest funding round, raising £15 million.

Milaya Capital’s investment sees the VC value Lanistar at £150 million ahead of its winter 2020 launch, after agreeing terms to contribute £15 million in exchange for a 10% stake in the company.

Sage, the market leader in cloud business management solutions, today launches new research revealing 62% of small and medium sized enterprises (SMEs) have made or are planning to make redundancies following the Covid-19 pandemic. This equates to 1.4m[1] jobs at risk if the Government fails to take decisive action now.

B-North, the firm building an SME lending bank for the UK, has chosen Wiserfunding as its risk grading partner. This key element of B-North’s underwriting strategy will help the lender become more confident when assessing the credit profile of SMEs and, consequently, turn customer cases around faster and more accurately than other market participants – whilst also supporting B-North underwriters to make better informed lending decisions.

Neo & Partners Global, a finance & technology group serving the capital markets sector buy-side community of commodity trading advisors, family offices, fund management companies and proprietary trading firms, announced today that its Trading-Atrium, has won Best Infrastructure Providerat the coveted WatersTechnology Asia Awards 2020 alongside one other Singapore-based luminary as DB