According to research, poor cash flow is responsible for up to 90% of small business failures. Often, a huge contributing factor to this is the vast number of businesses lacking visibility and control of their spending, with Fraedom also finding that almost a third of UK SMEs have a clear picture of business spend at the end of each month but little visibility on a day-to-day basis.

Responding to the rapid and unprecedented decline in cash usage by UK consumers, LINK, the country’s main cash machine network, has announced that funding will be made available to protect free access to cash for every high street in the UK.

From today, should a high street be threatened with the loss of an ATM or Post Office, LINK will step in to ensure that an ATM is made available and paid for with funding from all the UK’s main banks and building societies.

Fiserv, Inc., a leading global provider of payments and financial services technology solutions, announced today that PayActiv will enhance employee financial wellness by streamlining access to earned wages with money movement capabilities

PPRO, the cross-border e-payments specialist has rebranded, marking a shift in both the future of the company and the payments industry.

The Financial Data Exchange welcomed eight new members between May 1 and July 31, 2019, bringing the total membership to 55 organizations spanning the full breadth of financial services ecosystem, from financial institutions to data aggregators, banking core processors and fintechs.

The Berlin-based fintech Raisin continues to expand. Following the successful conclusion of ownership control procedures by Germany’s Federal Financial Supervisory Authority (known as BaFin), Raisin has taken over MHB-Bank as sole owner, thus becoming the first fintech in Germany to buy a bank. Since Raisin launched in 2013, the Frankfurt-based bank has been Raisin’s servicing bank in Germany and Austria. From this business partnership a close cooperation has developed.

Research from Ivalua, a leading provider of global spend management cloud solutions, has shown that procurement, supply chain and finance professionals are spending almost a third (31%) of their time dealing with inefficient paper-based or manual procurement processes, which is costing UK businesses on average £1.94m annually* and limiting procurement teams’ ability to deliver more strategic value.

BearingPoint RegTech, one of the leading providers of Regulatory and Risk Technology (RegTech/RiskTech), announced today that they are developing a solution for the integration of the SAP Financial Services Data Management (FSDM) data model on Abacus360 Banking for use in regulatory reporting in a joint project with their customer Berlin Hyp and cooperation partners SAP and okadis Consulting GmbH.

Blockchain Live returns to London for its third year on the 25^th of September, gathering industry leaders and innovators to discuss the applications and impact of blockchain across various industries.

Empaxis has selected InvestCloud, Inc. to launch a new Turnkey Asset Management Platform, TAMP1. The product has been designed to provide complete outsourcing of all operations for small- to medium-sized investment managers.