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A new international study of over 6,000 respondents from smart money app, Yolt, has quantified the  impact of the coronavirus on adults’ financial income in the UK, France and Italy.

Consumers in the UK, Italy and France saw their income considerably reduced in April compared to March. In the UK, 39% of consumers confirmed that their income had dropped in the last month, with the situation also bleak in France  (47% drop) and even worst in Italy (67% drop).

Monetary Authority of Singapore (MAS) registered RF Fund Management, a subsidiary of RF International Holdings, has unveiled following approval of MAS status that the Accounting and Corporate Regulatory Authority (ACRA) has confirmed its RF Transformation Fund VCC has been incorporated under section 16(4) of the Variable Capital Companies (VCC) Act on 26^th May 2020 as an umbrella VCC.

An industry once viewed by the general populace as a haven for criminals and online scammers, and still somewhat marred by fractious in-fighting, Bitcoin and blockchain are gradually casting off their outdated negative reputation; as the focus shifts to the increasing number of applications for the innovative technology at its heart.

StructureFlow, a tech start-up helping lawyers and finance professionals quickly and easily visualize complex legal structures and transactions, has been officially unveiled.

The brainchild of former corporate lawyer, Tim Follett, StructureFlow was developed to address the frustrations he felt trying to visually model complex legal structures and transactions using tools that weren’t up to the task.

Global analytics and decision management provider FICO has partnered with OpenWrks – a leading provider of Open Banking based digital engagement applications. Under the partnership, which initially serves the UK market, FICO plans to combine OpenWrks financial budgeting and conversational AI technology with FICO’s market-leading integrated collections and omni-channel platform to assist creditors in making the most appropriate customer decisions during the crisis and beyond.

Why it really matters for small for medium-sized enterprise (SMEs) to choose the right payments services provider.

As Artificial Intelligence (AI) and digital transformation find their way into every aspect of our daily lives, we are gradually seeing changes taking place in different sectors. Progressively, AI is permeating the insurance value chain and it is set to significantly transform the industry. In product development, AI is enabling insurers to create more profitable and effective products based on insights from past claims and product uptake in the market. Underwriters are also using AI to assist in creating a better understanding of risk for new and underserved markets.