Tide, the UK’s leading business banking platform, has announced the start of a new multi-year strategic partnership with Mastercard to further enhance its innovative SME banking services, with Tide becoming a principle Mastercard issuer.
 
This partnership cements Tide’s position as a leader in digital business banking, and means Tide will now settle funds directly with Mastercard.
 

The COVID-19 pandemic has significantly changed the psychology of average borrowers. One of the near-time effects will be the growth of non-bank lending. According to a customer survey of Robocash Group in Asia, 50% of respondents say about a higher need for financing. Moreover, the decrease in incomes during quarantine have prepared 45% for active borrowing when restrictions are lifted.

The market volatility that has resulted from the COVID19 pandemic has prompted more people to take upretail trading. Many well-known retail brokers across equities, FX, CFD, cryptocurrencies and other markets have experienced a significant uptick in trading activity.

BAE Systems Applied Intelligence and Acuminor recently announced a new technology trial to help banks identify transactional behaviour linked to human trafficking. The two organisations have collaborated to provide an unnamed major Nordic bank with a proof of concept that can simulate suspicious activity and test the efficiency of the banks’ financial crime detection systems.

MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, the global leader in digital asset data, announced the licensing of the MVIS CryptoCompare Bitcoin Index (MVBTC) to Arrano Capital, the blockchain arm of Venture Smart Asia Limited, for its recently launched Bitcoin fund. The fund, which tracks the price of Bitcoin, uniquely features daily subscription and redemptions, offering investors greater ease of access, security and liquidity.

Alipay, the leading daily life services platform operated by Ant Group, today unveiled new data on how it is facilitating the digitalization of service providers via digital coupons as they continue to resume regular business operations.

Activate, by ConsenSys Codefi, is the first platform designed to launch decentralized networks and allow customers to purchase, manage, and use their tokens in one application.

Global analytics software provider FICO has responded to the extended support[1] announced by the FCA for motor finance customers facing continued financial difficulties, which came into force on 17th July.

Millennials are often painted as globe-trotting creatures that spend more money on avocadoes than their future. But that can’t be further from the truth. Millennials tend to be good savers, at least compared to other generations. Industry data shows that more than 70% of millennials have started putting money away for retirement and beyond.