One in every four dollars sent via remittances in 2017 was received in Europe

Remittances have provided a $50bn economic boost to the UK since 2008

Banks must seek an alternative to branch closures, as only 23 per cent of rural residents are using mobile banking, according to the FCA. The FCA surveyed 13,000 people and found that only 23 per cent of rural residents use mobile banking and 54 per cent use internet banking, compared to the 45 per cent and 78 per cent respectively in urban areas.  

The Alliance is a global blockchain consortium for cross-industry cooperation
Commerzbank has already carried out several pilot transactions based on blockchain

BNP Paribas Asset Management (BNPP AM) has appointed Link Asset Services as the debt servicer for its new SME Alternative Financing platform.

The SME Alternative Financing platform, currently operational in the UK, will invest through direct loans to finance ambitious projects for SME companies, complementing lending by domestic commercial banks to finance their growth. The platform has already successfully closed its first loan in the UK.

Visa’s letter to the Treasury Select Committee, documenting details behind the recent outage which left millions of people unable to complete card transactions, reinforces a critical challenge that organisations face when exposed to a ‘partial failure’ of IT infrastructure. This is according to Peter Groucutt, managing director of Databarracks.

21^st June 2018 - OP Financial Group’s Pivo Wallet Oy and Nets are joining forces to pilot mobile payments in Finland. The two companies have signed a letter of intent to make Pivo available for Finnish Nets merchants, both in-store and online. Pivo users will also have access to a new e-receipt functionality within the app.

Report data reflects the continuous dominance of subscriptions, currently at 76% of transactions. Local payment methods prevalent in several markets around the world.

Corlytics puts global conduct of business under the microscope

·       On average, at least one individual has been fined for misconduct every week for the last six years

·       Disclosure and communications are the major root cause of misconduct penalties making up 40% of the number of fines, and 77% of value of fines over last six years

·       Weekly fines given to individuals for misconduct are set to further increase as more regulations come online

Fast growing UK business and digital transformation specialist, Rainmaker Solutions, is expanding into the United States and has enlisted business and technology executive, Patrick Andersson, as managing director for the region.

Global Shop Solutions is proud to celebrate 25 years of ERP software excellence under the leadership of Vice President of R&D Erika Klein.
As the daughter of Dick Alexander, founder of Global Shop Solutions, Klein has lived
and breathed the company since she was a young girl. From joining her parents at the
office after school, to running our R&D department of nearly 100 people, Klein has been
a visionary in 40+ years of company success.
Klein’s journey as an employee started in Global Shop Solutions service department