NatWest launches ‘In Conversation With’ interview series
A new interview series featuring some of Britain’s leading business, political, and sporting names will launch this week – and anyone can join. The series, which has been created by NatWest, will be available to both customers and non-customers alike and will give the UK’s 4 million SMEs the opportunity to hear directly from some of the most influential voices in the industry.
GHDDI launches free AI Virtual Screening Service for COVID-19 powered by Alibaba Cloud
- 5 years 1 month ago
- Artificial Intelligence, Covid-19
Powered by Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, the Global Health Drug Discovery Institute (GHDDI) launched a Free AI Virtual Screening Service for COVID-19 in order to facilitate COVID-19 drug discovery effort globally. The free and web-based research engine provides researchers with an AI powered tool for virtual screening computation, which is powerful enough to support the prediction of SARS-CoV2... more
FICO UK credit market report shows sharp fall in spending and monthly payments
Global analytics software provider FICO today released its May 2020 analysis of UK card trends, which shows the impact of COVID-19 on the credit market. FICO monitors the UK credit market using data reported by the UK’s leading credit card issuers, through its FICO® Benchmark Reporting Service. FICO’s analysis of May 2020 activity provides a clear picture of the impact of COVID-19.
New lenders accredited to British Business Bank Coronavirus Business Loan Scheme
Today the British Business Bank has announced that it has approved Fiduciam for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), and accredited BBVA under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender Fiduciam will be able to provide financial support to smaller businesses across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19... more
TransUnion enhances document verification solution as new research finds identity fraud at center of many digital COVID-19 scams
- 5 years 1 month ago
- Covid-19, Digital Identity, Security, Fraud Detection
New research from TransUnion’s (NYSE: TRU) Consumer Financial Hardship studies found that phishing is the top digital fraud scheme worldwide related to the COVID-19 pandemic. Among consumers reporting being targeted with digital COVID-19 schemes globally, 27% said they were hit with pandemic-themed phishing scams. To help prevent identity fraud that can result from phishing, TransUnion announced today new enhancements to its Document... more
Wolters Kluwer Finance, Risk & Regulatory Reporting shares potential COVID-19 hedge accounting implications in new whitepaper
- 5 years 1 month ago
- Covid-19, Accounting
Financial institutions would be well advised to adopt a flexible approach to their hedge accounting portfolio, especially in light of the COVID-19 pandemic.
Post Covid-19: Non-bank lending will grow in Asia
The COVID-19 pandemic has significantly changed the psychology of average borrowers. One of the near-time effects will be the growth of non-bank lending. According to a customer survey of Robocash Group in Asia, 50% of respondents say about a higher need for financing. Moreover, the decrease in incomes during quarantine have prepared 45% for active borrowing when restrictions are lifted.
EPA launches Project Recovery to keep FinTech on the world stage
The Emerging Payments Association (EPA), which celebrates collaboration and innovation across the emerging payments industry, has today launched Project Recovery to help the UK FinTech make informed decisions and equip them to survive in the post pandemic world.
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has accredited the Bank of India under the Coronavirus Business Interruption Loan Scheme (CBILS), and Silicon Valley Bank under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender Bank of India will be able to provide financial support to smaller businesses across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19... more
Xignite introduces new development program offering financial data APIs to early stage fintechs
- 5 years 1 month ago
- APIs, Covid-19, Management, Data
Xignite, Inc., a provider of market data distribution
Corinium and FICO report signals increased demand for Artificial Intelligence in the age of COVID-19
- 5 years 1 month ago
- Artificial Intelligence, Covid-19, Data
Today, FICO, a global analytics software firm, released a new report from the market intelligence firm Corinium that found the demand for artificial intelligence (AI), data, and digital tools is soaring as the COVID-19 pandemic continues to put a strain on many enterprises.
UK business calls for tech investment as Sage report reveals 1.4m SME jobs at risk
- 5 years 1 month ago
- Covid-19
Sage, the market leader in cloud business management solutions, today launches new research revealing 62% of small and medium sized enterprises (SMEs) have made or are planning to make redundancies following the Covid-19 pandemic. This equates to 1.4m[1] jobs at risk if the Government fails to take decisive action now.
Financial services firms accelerating technology transformation to navigate the pandemic, new Broadridge study finds
- 5 years 1 month ago
- Covid-19
More than half of financial services companies plan to accelerate implementation of their next generation technology strategies, according to a new global survey of 500 financial services C-Suite executives and their direct reports released today by Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader.
COVID-19 prompts interest and innovation in cardless ATM withdrawals
The number of ATMs offering cardless cash withdrawals is increasing as deployers around the world continue to embrace contactless technologies and adopt new solutions USA sees the largest increase inavailability of cardless cash withdrawals RBR’s new report, Global ATM Market and Forecasts to 2025, reveals that the number of ATMs providing cardless withdrawals rose by 26% in 2019.
IAMAI to host world’s largest virtual Global Fintech Fest
- 5 years 1 month ago
- Covid-19, FinTech StartUps, IT Innovations
Internet and Mobile Association of India [IAMAI], and its sister organisations, Payments Council of India, [PCI] and Fintech Convergence Council [FCC] are jointly organising the two-day virtual Global FinTech Festival on 22-23 July 2020. The Department of Economic Affairs (DEA), Ministry of Finance, Government of India is the presenting partner of the event. The event is also supported by the World Bank and the United Nations Capital Development... more
