As businesses continue to endure tough trading conditions in a challenging UK economy, finding new pathways to growth is essential. If businesses are to thrive and not just survive, they must address fundamental factors that drive growth – including the effective management of cash flow.

The problem: poor cash flow management

Approximately three billion payment cards are issued every year globally - but this was not achieved overnight. When chip and pin was introduced in 1985, it took 18 years before one billion cards were issued annually. Contactless – the next tech advancement – took just eight years to achieve the same volume when the solution came to market in 2007.

Pension management company IPAS Indexo (hereinafter – INDEXO) which is currently working on development of a new bank, has chosen Nets, part of Nexi Group, to be a provider of full suite of card issuing services. INDEXO will benefit from an affiliate VISA licence under Nets VISA licence and leverage the extensive issuing knowledge and resources of Nets.

DJUST, a B2B eCommerce SaaS platform created by ex-founding member of Mirakl, Arnaud Rihiant, today announced that it has raised €12M in a Series A growth funding round to accelerate market expansion. The funding round was led by New Enterprise Associates, Inc.

Global technical body EMVCo has announced the appointment of Tim Stuart to the role of European Liaison.

Global banks are losing one in five (20%) of their customers due to poor customer experience, having overlooked what truly matters, according to new research by 10x Banking.

Experian today announces a new service which will help banks and building societies identify and close ‘money mule’ accounts which are used to house fraudulently-obtained funds.

Money mules are individuals who have agreed to let their bank accounts be used by criminals in exchange for cash. According to new insights from Experian, 42% of first-party current account fraud is now mule-related, with the fraud rate for current accounts rising by 13% in the first three months of the year.

Defaqto, the UK’s most trusted source of financial product and market intelligence, today announced that it is building a full two-way integration with new fintech challenger, Plannr.

The integration will see its proprietary financial advice software, Defaqto Engage, integrated with the Plannr CRM system for the benefit of advisers who use the fintech platform. 

The US market is currently in favour with younger investors, according to the latest investor report from smart money app Plum.