Global analytics software provider FICO today released its analysis of UK card trends for September 2020, which shows the continuing impact of COVID-19 on household finances even while furlough and payment holidays remained in place during the month.
Twenty7Tec, a leading mortgage technology platform, has released figures on the state of the mortgage market after the second week of national lockdown 2.0. The findings Mortgage searches Weekly mortgage search volumes are currently at 87.33% of the year’s highest figure, down 0.5% on the week before Weekly Buy To Let mortgage search volumes are at 94.18% of the year’s high, up 2.3% on the week before
New Salesforce Research Reveals that 90% of UK & Irish Financial Services Leaders Say the First to Deploy Autonomous Finance Will Drive Competitive Advantage
Salesforce, the global leader in CRM, released its Trends in Financial Services report which shows how financial services institutions struggle to keep up with the pace of change driven by the global pandemic. An analysis of two waves of survey data fielded in 2019 and 2020 shows that the customer experience suffered in response, leading organizations to reshuffle their priorities and drive competitive advantage with new technologies.
Atom, the UK’s first app-based bank has joined forces with Codat to simplify their business lending process. The partnership will see Codat provide their universal API, for small business financial data, which will enable Atom to directly integrate with business customer’s accounting platforms, removing the need for manual submissions. This will result in a streamlined onboarding process and enable Atom to make faster and better-informed funding... more
Contactless payments have taken a leap forward during 2020, in part driven by concerns around the potential spread of COVID-19. In the Nordics, the contactless payment ratio has grown from around 57 per cent in early January to 75 per cent of all in-store card payments in late October this year, according to data from Nets, a leading Nordic payment provider.
Swedish Consumer Survey Shows Large Interest in Biometric Cards in Response to Covid-19 In-Store Payment Concerns
Almost 70 percent of respondents in a new Swedish consumer study would be interested in a biometric payment card without having to touch the point-of-sale terminal. Due to the Covid-19 pandemic, the respondents expressed a strong interest in more hygienic and secure payment methods when shopping in stores. The study was carried out in October 2020 by TietoEVRY together with biometric fintech company Zwipe.
96% of businesses have had outstanding payments for 10+ days over the last year, according to a new Forrester Consulting study commissioned by GoCardless, a leading fintech for recurring payments.
Matthew Cox, Managing Director EMEA, Fraud, Security & Financial Crime, FICO looks at strategies the government could consider in response to reports suggesting Bounce Back Loan fraud could cost 15-26 billion pounds
As Nearly Half of 16-25 Year Olds Could Be Plunged Back Into ‘lockdown Loneliness’, Supporting Human Connections is Critical During Pandemic, Says Paysend
As nearly half of 16-25 year olds could be plunged back into ‘lockdown loneliness’, supporting human connections is critical during pandemic. • Mental Health Foundation data: 44% of 16-25 year olds experienced loneliness during lockdown • 1 in 4 UK adults felt lonely during lockdown, way up from 1 in 10 before the pandemic • Paysend money transfers aiming to connect friends and families during lockdown to help this
iwoca, one of Europe’s largest small business lenders, has laid out its ambitions to lend an additional £100 million to businesses through the Coronavirus Business Interruption Loan Scheme (CBILS) before applications close on 31st January 2021. This will bring its total lending to over £200 million.
New data released today by AppZen, the world’s leading AI solution for modern finance teams, reveals how the pandemic and remote work has impacted company expense reports. In addition to a 57 per cent increase in expense claims for internet, UK respondents’ claims for electricity and gas have risen 50 per cent, possibly impacted by colder weather and evenings getting darker, earlier.
New Research from WEX and (E) BrandConnect Identifies the Pandemic as a Tipping Point for Digital Payments
WEX (NYSE: WEX), a leading financial technology service provider, and (E) BrandConnect, a commercial arm of The Economist Group, today announced the release of “The Digital Payments Tipping Point” white paper, which highlights how the pandemic has accelerated the digital transformation of B2B payments. The survey, of U.S. executives in financial services and technology, found that 72 percent of U.S.
From today, participating lenders in the Bounce Back Loan Scheme (BBLS) are able to offer smaller businesses across the UK a ‘top-up’ to their existing Bounce Back Loan if they originally borrowed less than the maximum amount available to them. The Bounce Back Loan top-up will be available from several large lenders from today, with other lenders anticipated to make the top-up available in due course.
iwoca, one of Europe’s largest small business lenders, announces that its invoice payments product – iwocaPay – will be free throughout the UK’s second national lockdown to support small businesses impacted by coronavirus.1
McAfee Corp. (Nasdaq: MCFE), the device-to-cloud cybersecurity company, released its McAfee Labs Threats Report: November 2020, examining cybercriminal activity related to malware and the evolution of cyber threats in Q2 2020. During this period, McAfee saw an average of 419 new threats per minute as overall new malware samples grew by 11.5%.