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Cost-of-living Crisis Pushes Open Banking Toward its Short-term and Long-term Future

The UK’s cost of living crisis continues to crack on, straining the wallets and bank accounts of consumers and creating a tough market for goods and services. The consumer price index (CPI) posted a new high with a 10.4% spike in February and supply chain issues continue to plague companies trying to keep pace.

Tuesday, April 11, 2023 - 13:24
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Financial IT
InfoTrack Integrates with LMS Secure Link to Drive Efficiency for Conveyancing Stakeholders

LMS, the UK’s leading conveyancer and panel management specialist, today announces that InfoTrack, a pioneering digital conveyancing provider, has integrated with Secure Link to facilitate access to the service for all its clients and deliver an enhanced user experience.

Tuesday, April 11, 2023 - 11:55
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Financial IT
Societe Generale and Lemonway Partner to Support the Growth of Large Corporates’ B2B Marketplaces in Europe

Societe Generale, one of Europe’s leading banking groups, and Lemonway, an ACPR-licensed pan-European payment institution, have signed a commercial partnership to deliver payment services to large corporates in Western Europe, launching B2B marketplaces. With complementary approaches, these two firms have committed to adequately addressing the growing needs of corporates in the booming B2B marketplace sector.

Tuesday, April 11, 2023 - 10:12
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Financial IT
Ryft Receives UK FCA Licence Following £1.2M Seed Round Raise

Ryft, the revolutionary PSD2-compliant payments system, has announced its receipt of a UK licence from the Financial Conduct Authority (FCA) following a £1.2 million seed round raise in August last year. The authorisation of the licence opens up opportunities for Ryft to become a regulated payment facilitator with some of the world’s biggest acquirers.

Tuesday, April 11, 2023 - 09:25
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Financial IT
Finastra Integrates Alygne’s Tailored ESG Data into Fusion Invest

Finastra, a global provider of financial software applications and marketplaces, today announced its partnership with Alygne, a sustainability technology platform that provides tailored ESG alternative data, to help asset managers globally make more informed ESG investments.

Tuesday, April 11, 2023 - 09:21
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Financial IT
Linedata Expands Managed Services Offerings in Asia-Pacific for Buy-side Firms

Linedata, a global provider of asset management and credit technology data and services, announced today the expansion of its services capabilities and offerings in the Asia-Pacific (APAC) region. Linedata has extended its APAC offerings to include new industry segments namely private equity, private credit, specialized and structured credit, as well as allocators and aggregators.

Tuesday, April 11, 2023 - 08:54
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Financial IT
Longest-ever Wait for Payment for SMEs in Retail, Automotive and Manufacturing Sectors, Data Reveals

Small businesses supplying the automotive, retail and manufacturing sectors face the longest-ever wait for payment from some of the UK’s largest companies, according to Good Business Pays.

Good Business Pays, which campaigns to stamp out bad payment practices and poor payment culture, analysed payment data that shows that the average number of days taken to pay suppliers has risen between February 2022 and February 2023.

Tuesday, April 11, 2023 - 08:15
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Financial IT
27% of Graduate Students Considering a Career in Payments

A recent survey of 101 participants by the global online payments education firm PayEd, aimed to shed light on people's perceptions and interest in the payment industry as a potential career option, and the results are in: 27% of students would consider making a career in payments.

Tuesday, April 11, 2023 - 08:11
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Financial IT
Temenos Named a Leader in Everest Group PEAK Matrix® Evaluation for Wealth Management

Temenos today announced it has been named a Leader in Everest Group’s PEAK Matrix® evaluation of wealth management solutions, positioned the highest for vision and capability with its Temenos Wealth solution.

Tuesday, April 11, 2023 - 08:09
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Financial IT
Recurring Payments Platform Leaders Revealed, as Recurring Payments Forecast as a $15 Trillion Opportunity Globally by 2027

A new study from Juniper Research, foremost experts in the payments market, found that the transaction value of recurring payments will exceed $15.4 trillion globally in 2027,

Tuesday, April 11, 2023 - 07:21
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Financial IT

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