Allica Bank – the business bank that seeks to empower small and medium sized businesses – has today announced the launch of a 95-day notice account for personal savers. It will offer a variable rate of interest, which currently sits at 1.10% AER.

Accounts can be opened online with a minimum deposit of £1,000 and a limit of £250,000. They will also be protected by the Financial Services Compensation Scheme on up to £85,000. Savers can then manage their account through the bank’s internet banking platform and secure messaging service.

Cyber exposure is one of the most rapidly growing risks in today’s digital world. Almost daily, the media report on companies that have suffered data breaches where criminals stole their customers’ data. Often, the breach occurred not at the company itself, but at one of its partners, or vendors, highlighting the risks of every business’s supply chain. 

Path Solutions, a global banking software provider, was announced by IBS Intelligence as the leader in the Islamic financial services sector in IBS Islamic Sales League Table (SLT) 2020. 

For the eighth year in a row, Path Solutions was recognized the undisputed leader in Islamic Banking with more new Islamic deals signed in 2019 than any of its industry peers. The company is part of the iconic IBSI Leadership Club 2020 for back office systems, topping the Islamic Banking category since 2017.