Smart Engines Became One of the 14 Companies to Recover the Tourism Industry in Portugal in the Post-COVID-19 Era
Smart Engines, a science-driven company, is participating in an international program The Journey PT 2021 for speeding up the restart of the Portuguese tourism industry after the pandemic. The main goal of The Journey is to help solve business challenges using global innovative solutions, especially for tourism. Turismo de Portugal is featured as the main partner of the program. The Journey is organized by collaborative innovation consultancy... more
- 07.05.2021 10:00 am
New research from BNPL provider, Clearpay, has shown that despite being the generation hit hardest by the pandemic, Gen Z and Millennials are the most financially savvy generation in the UK – with 68% of Gen Z and 61% of Millennials budgeting and saving more responsibly than their older counterparts.
Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector's reliance on technology, a growing burden of compliance, and the turbulence of Covid-19, according to a new report Financial Services Risk Trends: An Insurer's Perspective from Allianz Global Corporate & Specialty
The COVID-19 accelerated the growth of the cloud computing market as companies across the globe started seeking a way to secure business continuity amid the lockdown. However, the following years are set to witness even more impressive growth, with revenues hitting a new benchmark.
Banks will Return to Pre-COVID Performance Levels within Three to Five Years, According to Kearney Analysis
Analysis from global consultancy partnership Kearney has found that the performance of retail banks is likely to return to pre-pandemic levels within three to five years, although profitability will remain under pressure in the next two years.
- 27.04.2021 01:22 pm
e-learning platforms have seen a breakthrough since the Pandemic. Social distancing and lockdown have resulted in shutting down schools, colleges, and universities. Many businesses have also shifted their work at home. As a result, education and learning is undertaken remotely over digital platforms. It became a benediction to bring out positivity in people in those uncertain times.
Mastercard today announced a US$10 million (approximately 75 crore rupees) commitment to directly address critical Covid-related needs in India. Over the past few weeks, the country has seen a spike in both Covid diagnoses and deaths, with the healthcare system being stretched to its limits as more than 350,000 new cases are identified each day.
The COVID-19 has given contactless payments technology the boost it needed for widespread global adoption, as consumers worldwide started avoiding cash in fear of spreading the virus.
- 21.04.2021 04:39 pm
On April 21st a new accelerator programme is being launched in the UK to help organisations around the world succeed in the new economy after lockdown in ways that are both good for people and good for the planet. The Build Back Better Accelerator will support leaders of financial services organisations launch new and more sustainable products at a rapid pace, as well as investing in new start-ups and ideas independently.
The coronavirus pandemic has brought about chaos for many UK SMEs, but raw entrepreneurism has risen through the uncertainty as businesses adapt and pivot to survive. New research1 on the future of businesses from Cynergy Bank found that 70% of businesses have had to change their business model to survive during the pandemic.
As cases of fraud and money laundering rose during the pandemic last year, banks in the UK faced unforeseen challenges. In a new study by global analytics software provider FICO and independent research firm OMDIA, 79 percent of respondents from UK banks said that working from home had a high or major impact on the effectiveness of their financial crime prevention.
Mastercard Recovery Insights: E-commerce a Covid Lifeline for Retailers with Additional $900 Billion Spent Online Globally
As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900 billion being spent in retail online around the world in 2020. Put another way: in 2020, e-commerce made up roughly £1.50 out of every £5 spent on retail, up from about £1 out of every £5 spent in 2019.1
30% of Brits Better Off Than a Year Ago With Those Over 65 The Most Financially Secure - Research Reveals
A Toluna survey on the impact of Covid-19 on savings. The survey questioned 994 adults in the UK. KEY FINDINGS A third of Brits are better off than they were since the pandemic began - but those with more money are far more likely to be over 65.
One of the UK’s top alternative SME fintech lenders has announced a new £50 million Small Business Fund, which has been created to support SMEs that require additional finance to kickstart their recovery. Capify, which has provided finance to thousands of small and medium-sized businesses for more than a decade, will now offer business funding of up to £1m specifically to help the UK’s small businesses post-Covid.
Exactly a year after the first national lockdown, new research from Barclaycard Payments, which processes nearly £1 in every £3 spent in the UK, reveals the 10 biggest shifts in consumer behaviour which have emerged as a result of the pandemic, and are set to outlive it*.