A new study, commissioned by business bank Allica Bank, urges small businesses to re-evaluate their trading horizons, following the establishment of a clear link between overseas trade and SME performance. The study analysed data from over 1,000 companies and ranked their success on a scale that evaluated factors including productivity, growth, consistency and outlook.

Trulioo, the leading global identity verification provider, announced that it is now able to verify consumers and business entities in Pakistan, the world's fifth-most populous country, through GlobalGateway, the largest identity verification marketplace.

In the wake of a 2019 report by the World Bank setting out plans to digitalise the entirety of Africa by 2030, UK-based money transfer provider Paysend has continued to strongly increase its digital coverage across Africa.

Paysend will now allow its 2 million users to send money to new countries like Benin, Madagascar, Malawi, Mozambique, Niger, Uganda and Zambia. This will bring the total amount of countries to 18, covering 30% of the total market.

Sage, a market leader in cloud business management solutions, has collaborated with Revolut to add another seamless account integration to its new, award-winning* Sage Accounting software for small businesses.  

Wirecard Card Solutions Limited today announces the signing of an asset purchase agreement with PayrNet Limited, a subsidiary of banking-as-a-service platform Railsbank, to sell its card technology and associated assets in the UK and to effect the transfer of client relationships and certain employees. This follows the signing of a term sheet and a productive meeting with Wirecard Card Solutions’ programme managers last month. It is expected that the asset purchase agreement will complete before  the end of 2020.

As the Government’s CBILS initiative draws to a close this month, two British fintechs Ebury and MarketFinance, have joined forces to ensure SMEs across the UK are able to quickly access the emergency lending. MarketFinance will offer both its CBILS loans and revolving credit facilities to Ebury’s UK SME base to support them with their business finance needs. 

New figures from Juniper Research have revealed that smart checkouts, where the fixed checkout process is replaced by frictionless tech, will process $387bn in transactions by 2025, up from just $2bn this year.

Yorkshire Building Society is hiring 35 new tech professionals as part of its ongoing investment in digital capabilities.

The Society is looking for a wide range of IT engineer and leadership roles including software development and operations, networks and testing, to accelerate its digital investment programme to help improve customer service and help increase operational efficiency.

Financial markets have been on a rollercoaster for some time as first geopolitical tensions and then a global pandemic swept across the globe. Where has this left the online trading community and are there opportunities for members of the general public to get more involved? Financial IT caught up with Dáire Ferguson, CEO of online trading broker AvaTrade, to find out more