As National Volunteer Week gets underway, Royal Voluntary Service has identified two Mastercard issuers to provide trusted payment cards to NHS Volunteer Responders. These can be applied for by the critically vulnerable and those self-isolating to give to volunteers to pay for their shopping, in a safe and secure way.

Since the start of the COVID-19 outbreak, much focus and value has been put on contactless and online interactions – particularly in the financial sector. New research commissioned by global analytics software provider FICO, conducted just before the pandemic took hold, shows that online interactions were already very much par for the course amongst UK consumers. The challenge for financial institutions appears to be ensuring that the entire on-boarding process can be completed digitally. 

Onfido, the global identity verification and authentication company, has announced a partnership with SalaryDost, a leading digital consumer lending platform in India, to provide identity verification with real-time live video checks to verify users and for a robust Know Your Customer (KYC) solution.

Just 6% of financial services organisations say it’s essential for them to modernise their legacy systems to meet current regulatory and legislative demands. This surprisingly low figure is according to new global research from Advanced, which also reveals that only 20% cite an inability to meet compliance and regulatory demands as their top reason for modernising mainframe based legacy systems.

Following the recent merger of Microgen and Touchstone, the company has today announced its new name and new brand for the combined business - TrustQuay. 

TrustQuay is now the leading provider of technology to the trust and corporate services market, serving more than 450 clients and 15,000 users in over 30 jurisdictions. TrustQuay has 9 offices worldwide and an established physical presence in key markets including Australia, Guernsey, Jersey, Luxembourg, Singapore and the United Kingdom.

New data published from open banking platform Tink reveals that financial institutions in the UK are ramping up their investments in open banking, as the industry mindset moves away from purely PSD2 compliance and towards value creation. 

Andigo Credit Union, based in Schaumburg, IL, announced five college-bound high school seniors as recipients for the 2020 Andigo Scholarship Program. The winners were recognized for their community involvement and academic achievement. Each recipient will receive a $2,500 scholarship. The Andigo Scholarship Program will award $12,500 in 2020. The winners are:

Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme for small business across the UK. The scheme is intended to target small and micro businesses in all sectors^[1], with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.