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Chip, the automatic savings app offering access to one of the UK's highest interest rates, has registered a summer of record growth, as the UK’s savers’ priorities shifted towards financial security and saving in light of the coronavirus pandemic and its impact on the economy. The fintech company also saw an overwhelming demand for their new Interest Accounts platform, offering savers access to the best returns regardless of however much or little they have put away - all while interest rates are plummeting.
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.
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.
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.
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.
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.
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.
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.
