Banking Competition Remedies Limited (BCR) is today announcing details of enhanced dowries for the lower four bands of the Incentivised Switching Scheme (ISS), and an increase in dowries for loans. This comes having reviewed performance of the Scheme as a whole and discussed this with RBS and ISS participants to which the majority of customers have switched since the Scheme started.

PayPal has confirmed integration with ECOMMPAY to pilot the PayPal Commerce Platform.

Sonihull, the world’s leading ultrasonic anti-fouling system, has welcomed two industry veterans onto its board following the announcement of major investment.

Industry leaders Suresh Kavan and Sharon Rowlands have just joined the Sonihull board as strategic advisors. Their appointments and investment mark an important point in the development of the company which has the tagline: ‘Sonihull - Saving the oceans. One ship at a time’.

GreenKite, an independent Professional Services Firm for Insurance and Financial Services, is delighted to announce the appointment of Dean Fathers; experienced entrepreneur, chair and Professor of Organisational Resilience at the University of Lincoln as Chair of the Board. Dean will work directly with GreenKite CEO, Sara Ager and the rest of the founding team, as a trusted adviser and business mentor.

NatWest has today reaffirmed its commitment to supporting UK SMEs by removing the minimum monthly fee from its Business account and launching its free ‘Business Builder’ digital coaching programme for start-ups and entrepreneurs,

Nutanix, a leader in enterprise cloud computing, today announced the financial services industry findings of its second Enterprise Cloud Index Report, measuring financial firms’ plans for adopting private, public and hybrid clouds. The report found the financial sector outpaces all other industries in hybrid cloud deployments – hosting workloads in both private and public cloud – but trail others in their use of multiple public cloud services.

Mason Advisory has for the second year running been ranked in the FT1000 Europe’s Fastest Growing Companies report, in the Management Consultancy category, published on FT.com in partnership with Statista. 

This is the second year the independent IT consultancy has entered and featured on the prestigious list and it is one of only 34 management consultancies to have made the final cut this year. The inclusion of Mason Advisory is a public acknowledgement of the company’s reputation and performance within the European business landscape. 

Comviva, the global leader in mobility solutions, has announced its divestment of stake in TerraPay, for an undisclosed amount to a consortium of global investors.

Today Refinitiv has continued its commitment and investment in the wealth management industry with the acquisition of Scivantage, a trusted Software as a Service (SaaS) innovator in the fintech market.

The acquisition of Scivantage represents the next step in Refinitiv’s journey to create next-generation digital wealth management solutions, providing clients with the data, technology and insight needed to empower better decisions and user engagement.

Plenty is unfolding in the global payments arena. There is a stream of new products or partnerships being publicised by financial institutions to improve the user experience across both domestic and international payments.

One common theme rings true, the existing system is failing to meet the demands and realities of cross-border payments, especially for SMEs. In a market that continues to grow and now worth over $22 trillion [1], the challenge is to make international payments more accessible to businesses and set a new standard of trading without borders.