Most small and medium-sized enterprises (SMEs) in the UK suffer from delays in being paid.

Harbr, a private data ecosystem platform for enterprise data managers, today emerged from stealth. The Harbr platform enables organizations to rapidly exchange, monetize and collaborate on data and models with their customers, suppliers and partners.

Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, today announced that TSYS, its Issuer Solutions business, has signed a long-term agreement with Truist Financial Corporation (NYSE: TFC), to process the bank’s consumer, commercial and small business credit card portfolios.

Temenos (SIX: TEMN), the banking software company, today announced that Enda Tamweel (Enda) has gone live with cloud-native, cloud-agnostic Temenos Transact, the next generation core banking product.

Paysafe, a leading specialized payments platform, has appointed Noah Sharp as Chief Banking Officer with global responsibility for leading and developing the company’s banking, payment partner and card network relationships.  Sharp, an experienced international corporate banker and specialist in Fintech banking and payments, is based in London and reports into Danny Chazonoff, Paysafe’s Chief Operating Officer.

Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $35.1 billion in April 2020.  This represents a decrease of 36.9% compared to March 2020, and an increase of 12.5% compared to the same period in 2019. 

Leading digital-first banking software provider, Backbase, today announces that Lake Mary, Florida-based credit union, Addition Financial, has selected its omni-channel platform to optimize its user experience. Partnering with Backbase will provide Addition Financial the technology to innovate and differentiate from its competitors, allowing it to offer outstanding digital services for retail and business banking members.

Governments are encouraging consumers not to use cash since the Covid-19 outbreak. However, we were already seeing a steady decline in cash payments and a transition toward digital. Will Hurst, Head of Commercial Development at Monevo explains.

Contactless payments were already on an unstoppable rise to overtake our reliance on physical cash in society pre Covid-19.

The current pandemic simply accelerates this shift. While I don't truly believe cash will ever be replaced entirely in my lifetime, it's use will become a fraction of what it is today.

Analysis from global consultancy partnership Kearney has found that the COVID-19 pandemic and resulting recession will mean that banks across Europe need to rethink their strategies and reduce their costs by over £30 billion (€35 billion) to overcome this crisis.