Small and medium businesses waste an average of 11 hours per month – the equivalent of more than three working weeks per year - submitting or managing expenses, new research by American Express reveals. 

However, it’s not just time these businesses are wasting; the business leaders surveyed estimated their employees collectively lose almost £300* a month due to manual errors and inefficiencies, suggesting current expense management processes aren't fit for purpose in many SME businesses.

LHV Bank, a leading provider of banking services to fintechs and SME lending solutions for UK businesses, announces the extension of its maximum loan size to £5 million, enabling further support for UK SMEs aiming to grow.  

Synechron, Inc. a leading global digital transformation consulting firm, has appointed Roelof Derickx as Director Commerce of Synechron Netherlands, effective April 1, 2023. Together with Jaap Hofstee, he is responsible for commercial activities of the Dutch branch of Synechron at a time of great growth and development of the full range of services in the areas of Consulting, Digital, Cloud, Data, and Engineering.

Fabrick, a European leader in ‘Open Finance’, announces today the acquisition of Judopay, a leading UK-based mobile payments company. This deal will allow Fabrick’s Payment Orchestra™ to benefit from Judopay’s innovation expertise in digital commerce. Together, they will define new models and standards to provide smoother payment solutions, frictionless processes, and seamless check-out experiences for both merchants and customers alike.   

Ledgible, the leading institutional and enterprise digital asset tax and accounting platform, and Ledger Enterprise (Ledger), the world leader in critical digital asset security, announced the full integration of their platf

Jeremy Almond, CEO of Paystand, the leading blockchain-enabled B2B payment network, was named an Ernst & Young LLP (EY US) Entrepreneur Of The Year® 2023 Bay Area Award finalist. Now in its 37th year, Entrepreneur of The Year is one of the preeminent competitive business awards for transformative entrepreneurs and leaders of high-growth companies who are building a more equitable, sustainable and prosperous world for all.

Standard Chartered and the world’s largest merchant acquirer, Worldpay from FIS^®, have announced a strategic partnership to expand the market coverage of, and enable new capabilities on, Straight2Bank Pay, the Bank’s one-stop digital collections gateway for merchants. This global partnership is a testament to Standard Chartered’s continued investment in its cash management solutions via innovation and partnerships to deliver value-added solutions to meet its clients’ digital aspirations.

New data released today by Klarna, the global payments and shopping service, reveals how retailers will need to adapt their offering to win shoppers in the future. With recent advancements in technology, AI, AR and robots are likely to dominate the in-store and online landscape with shopping services like Klarna already integrating AI personalisation into their products.

Professional Wealth Management, a publication of the Financial Times, will be hosting the Innovation in Wealth Management Summit on 8 June 2023, at Glaziers Hall in London.

The Summit will discuss the need for digital literacy among wealth managers, investors and technology experts. Topics will include emerging technologies, from crypto and cleantech to machine learning.