A year since it was awarded CBILS lender status, responsible lender, AskIf, can now reveal it has approved close to £4m to deserving SMEs and micro businesses, playing an essential role in the national push to help businesses survive and thrive. AskIf has delivered on its mission to be an inclusive lender with 17% of CBILS loans distributed to BAME-owned businesses, and 22% to female-led businesses.

Acronis, a global leader in cyber protection and a member of the World Economic Forum (WEF) Centre for Cybersecurity, shared the results of a new report released by the WEF that warns that cybersecurity failure is a “clear and present danger” and critical global threat, yet responses from board directors have been fragmented, 

Gerlionti S.A., a company in Luxembourg, currently in the process of obtaining an Electronic Money Institution (EMI) licence under the GerliPay trademark, has selected Nets Estonia to support the development of its new digital payment system, GerliPay.

Risk data aggregation is the top compliance concern for chief data officers (CDOs) within financial services firms, with 88% of these organisations devoting 40% or more of their total data practice budget to compliance functions, according to new research launched ahead of the leading data management event for financial services, FIMA.

International payment service provider and direct bank card acquirer, ECOMMPAY, has today cautioned that attempted fraud levels have increased by two to three times their previous levels during the past year. 

Contour, the global trade finance network, has partnered with international software consultancy ThoughtWorks in China. This marks Contour’s latest milestone in its expansion in the region and in the digitisation of international trade.

Holly Coventry, Director, Pay with Bank transfer, commented on the findings: “This research clearly demonstrates that the extra time - and money - spent online over the course of the pandemic has heightened consumer awareness of the pain points in existing payment processes. As e-commerce will continue to be critical for many businesses, they need to make sure they’re staying on top of the latest payments tech.

ClearBank, the cloud-based clearing bank, has today announced a report that reveals 33% of fintechs have faced regulatory interventio

Plenitude, the Financial Crime, Risk and Compliance specialists offering advisory, transformation services and innovative RegTech products, has appointed Barbara Patow as Senior Advisor. Barbara will play a key role in providing advice and assisting clients with enhancing their Financial Crime Compliance (“FCC”) control frameworks in order for them to more effectively manage financial crime risk. She will also help guide the business strategy and growth plans for Plenitude. 

For several decades, incumbent banks have held a comfortable leadership position in payments. But the rapid growth of digital payments has signalled opportunity for new market entrants to attack this status quo.

To develop effective strategies to stay ahead, incumbents must understand who their competitors are now, and assess how their strengths and weaknesses compare in the key competitive battlegrounds of data, trust, cost, innovation, scale and alternative payment methods.