What we said in 2018

The platform economy is revolutionising the $50bn global deposits business. By separating the product provider and financial point of sale, banks can now choose whether they want to collect deposits for financing or offer deposits as a product, without one depending on the other. While the deposits business has not always been perceived as one of the most innovative areas of banking, it is now leading the charge towards a better connected and more functional industry. This is bringing massive benefits to customers and institutions alike. 

 Chargebacks911, the dispute management specialist, has been named the Best Technical & Service Provider Organisation at the Merchant Payment Ecosystem (MPE) Awards.

Self, a leading fintech startup offering people a way to build their credit while also saving money, today announced a $20 million round of Series C financing, co-led by Altos Ventures and Conductive Ventures.

Your business involves cross-border payments. What are the questions that you should ask your payments services provider about forex costs and security?

Most business-to-business (B2B) payments that cross national borders involve foreign exchange (forex) transactions. In other words, at some point in the process, one currency will be bought and another one will be sold.

Small business cash flow forecasting app, Slide, has today announced its rebrand to SlideBy. 

SlideBy exists because most small business failures happen when they run out of cash. As the first dedicated and user-friendly app designed specifically to help small businesses easily model cash flow, SlideBy is helping UK businesses avoid the pitfalls associated with cash management.

Leading open banking provider Yolt Technology Services (YTS), has announced it has joined the Berlin Group’s advisory panel for NextGenPSD2. The advisory panel, which is part of the NextGenPSD2 Taskforce, is aimed at helping to shape the development and future adoption of PSD2 compliance in Europe.

The Riksbank is conducting a pilot project with Accenture to develop a technical solution for an e-krona that can work as a complement to cash. The aim of the project is to show how an e-krona could be used by the general public. A digital krona should be simple, user-friendly as well as fulfil critical requirements for security and performance. In the test environment, simulated users shall be able to hold e-kronor in a digital wallet, make payments, deposits and withdrawals via a mobile app. The user shall also be able to make payments via wearables, such as smart watches, and cards.

More than two fifths (43%) of UK based trustees and pension managers do not feel properly equipped to monitor and report on their pension schemes’ ESG policy to a high standard, according to analysis from the UK pensions side of the asset servicing bank, CACEIS.

From the 1^st of October 2019, new UK legislation has required trustees to outline how they approach financially material factors, including ESG and climate change considerations, into the investment decision making within their Statement of Investment Principles. 

Cardiff-based fintech Sonovate has invested in the cutting-edge platform from RegTech firm TruNarrative, to enhance its customer onboarding processes.

Sonovate helps businesses working with temporary workers, including recruitment agencies, consultancies and on-demand marketplaces, to grow through smart, fast and flexible finance.

Businesses using Sonovate can access finance when they need it and can rest assured knowing all their back office is handled and that their flexible staff get paid easily and on time.