Lloyds Bank Collaborates with Blue Motor Finance to Develop Instant Payments
- 5 years 7 months ago
- Banking
Europe’s fastest growing company, Blue Motor Finance, today announces a new collaboration with Lloyds Bank Commercial Banking API Lab The companies are partnering on an innovative Faster Payments and Direct Debit API to ensure individual motor traders and dealerships receive instant loan payments. The new programme brings together Europe’s fastest growing FinTech start-up and one of the UK’s largest banks. The two companies have a longstanding... more
Research Reveals Investor Confusion Over Risks Involved when Investing through Property Investment Platforms
- 5 years 7 months ago
- Banking
New research* from secured property lender Fitzrovia Finance reveals a lack of understanding of some of the fundamental risks involved through investing through property investment platforms. 75% of investors who have used these platforms wrongly believe first charge secured debt/loans are riskier than second charge mezzanine debt/loans. A further 7% said they didn’t know which was riskier. It also revealed 18% of retail investors who have used... more
Fintech Firm Countingup Opens New Cardiff Office
- 5 years 7 months ago
- Digital Identity, Banking, Accounting
Countingup, the UK’s number one small business banking and accounting app, has announced it is opening a new office on Cathedral Road. Countingup will focus on providing account management and out-of-hours customer support from the new Cardiff base. The account management team has already seen several team members join with recruitment currently underway for the customer support team. The office came about following an initial approach from... more
Path Solutions Won ‘Best Islamic Technology Provider’ at The Asset Triple A Islamic Finance Awards 2019
- 5 years 7 months ago
- Banking
Path Solutions, the leading provider of Islamic software solutions and services, has won the title of ‘Best Islamic Technology Provider’ at The Asset Triple A Islamic Finance Awards 2019. The award puts emphasis on the company’s Sharia-compliant financial software suite and recognizes innovation and impact in advancing the Islamic financial services industry.
Payments Technology Company BPC Expands Middle East Presence with Opening of Pakistan Office
Switzerland-based payments technology firm BPC has opened an office in Pakistan to serve the growing financial services market in the Middle East. The office location is Karachi, the country’s largest metropole and financial centre. The BPC team, with global and local staff, covers the need for innovative payments solutions while taking advantage of the rich and growing pool of finance and technology talent available in the country.
The Collaboration of Six Nordic Banks Results in a Joint KYC Company
- 5 years 7 months ago
- Banking
Danske Bank A/S, DNB Bank ASA, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB (publ) and Swedbank AB (publ) are moving forward and have established a joint venture company to develop a platform for handling KYC (Know Your Customer) data. The European Commission has given its approval in accordance with the EU merger control rules.
No more wine bars, young people predict revival of high street banks in the cashless age
- 5 years 7 months ago
- Banking
It wasn’t so long ago that bank branches were leaving the high street - some even became wine bars. New research reveals that today’s youth predict a bright future for banks on the high street – although the vast majority (79%) believe that their relationship with banks will be fundamentally different in ten-year’s time.
NatWest Pilots New Working Capital Product Rapid Cash
- 5 years 7 months ago
- Banking
NatWest has announced the pilot launch of Rapid Cash – the first digital, flexible working capital product that seamlessly connects with accounting software, to provide a dynamic credit limit of up to £300,000.
Saxo Q3 Outlook: The Global Fiscal Panic
- 5 years 7 months ago
- Banking
Saxo Bank, the online trading and investment specialist, has published today its Q3 2019 Quarterly Outlook for global markets, including trading ideas covering equities, FX, currencies, commodities, and bonds, as well as a range of central macro themes impacting client portfolios.
NatWest Launches Video Call Option for SMEs
- 5 years 8 months ago
- Banking
NatWest is to launch a new video banking channel which will allow their business customers to hold a secure, pre-arranged video call using a mobile device, tablet or PC. Customers can hold calls with multiple participants using the new feature, allowing additional members of staff to join the conversation, or for their NatWest Relationship Manager to join for continuity.
Integral Volumes Increase 19.3% Compared to May 2019
- 5 years 8 months ago
- Asset Management, Banking
Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $36.4 billion in June 2019. This represents an increase of 19.3% compared to May 2019.
Avaloq Announced Acquisition of Derivative Partners, Zurich-based Service Specialist for Structured Products
- 5 years 8 months ago
- Digital Identity, Banking, M&A Deals
Avaloq, the leading cloud platform and service provider for banks, wealth managers and investment firms, has signed an agreement to acquire 100% of Zurich-based Derivative Partners AG, the number one independent information and data provider for Structured Products and Derivatives in Switzerland. Derivative Partners has been providing highly valuable market information, tools, research and calculations for complex financial products for its... more
Banking Faces a Major Shift as Mobile Dominates Digital
Only 5 years after the launch of the first challenger bank accounts, the UK’s major financial institutions are facing a new revolution; this time in the shape of the nation’s savings accounts. New insight by data expert CACI also reveals that the way we bank is changing dramatically, with almost half of the UK’s adult population, 25 million customers, now banking with mobile. The report shows that by 2021, mobile will become the biggest channel... more
NatWest Completes Market’s First SONIA Loan for National Express
- 5 years 8 months ago
- Banking
Following the announcement on 17 June that NatWest is to offer the market’s first SONIA (Sterling Overnight Index Average) loans, the bank has today announced it has delivered the first SONIA loan for its corporate customer, National Express Group PLC.
Banks Re-Think Approach as Small and Medium Size Businesses Continue to Power UK Economy
- 5 years 8 months ago
- Banking
GDP grows by 0.5 per cent in the first quarter of 2019, according to the Office for National Statistics quarterly national accounts out today. The largest contributors to this increase are the 5.7 million small businesses in the UK today – making up 99 per cent of businesses in the UK economy. SMEs continue to be the main driving force behind employment and innovation – providing 16.3 million jobs in 2018 alone, 60 per cent of all private sector... more
