Chip Has a Summer of Record Growth as the Number of Savers and Amounts Put Aside Skyrocket
Chip, the automatic savings app offering access to one of the UK's highest interest rates, has registered a summer of record growth, as the UK’s savers’ priorities shifted towards financial security and saving in light of the coronavirus pandemic and its impact on the economy. The fintech company also saw an overwhelming demand for their new Interest Accounts platform, offering savers access to the best returns regardless of however much or... more
Small Businesses Should Re-invest 9% of Profits to Succeed, Finds New Study
- 4 years 3 months ago
- Covid-19, Investment
A new study, commissioned by business bank Allica Bank has looked to quantify exactly how much UK small businesses should be re-investing to succeed post-Covid. The study analysed data from over 1,000 companies and ranked their success on a scale that evaluated factors including productivity, growth, consistency and outlook.
New Lenders Accredited to British Business Bank Coronavirus Business Interruption Loan Schemes
Today the British Business Bank has announced that it has approved Conister for accreditation to the Bounce Back Loan Scheme (BBLS), and Bank of Ireland (UK) for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Conister will join the other 26 BBLS lenders who have been accredited since the scheme opened.
Group Futurista Partners with Rui Pimental for its Next Webinar
Retail payments usually reflect trends that illustrate the dynamics of the economic activity, on a given country, region, city, etc. The pandemic situation of COVID-19 certainly provides a picture of the evolution of such trends, with impacts felt all over the world, even if on different stages and on different degrees, while consequences will take time to be adequately and fully measured.
Developing a Strong Formal Vision Is Key to Small Business Success, Finds New Study
Producing a formalised, long-term strategic vision will be key for UK small businesses looking to thrive post-Covid, according to a new study commissioned by business bank, Allica Bank. The research aims to identify what makes UK SMEs successful, and provides guidance to support British businesses as they look to chart a course of recovery following the impacts of the COVID-19 pandemic. The study analysed data from over 1,000 companies and... more
Leading Financial Executives Discuss the Future of Finance
- 4 years 3 months ago
- Covid-19
On the 4-5th August 2020, over 3,000 financial services executives from 90 countries around the world gathered at the Virtual FinTech Fair 2020, Asia’s first fully virtual conference, to discuss how the industry can come together to overcome the biggest challenge it has faced since the 2008 financial crisis – COVID-19.
Financial Services Sector Set to Lead the SME Covid-19 Recovery
- 4 years 3 months ago
- Covid-19
Financial services SMEs have emerged as the most resilient and confident sector group in the wake of lockdown, according to Sage’s SME Sentiment Index. Businesses in this sector are the most likely to have been profitable by the end of Q2 2020, with 63% expecting to turn a profit by mid-year. They are also the most resilient to future disruption; 55% say a second wave of Covid-19 and tightening of lockdown restrictions would not have a severe... more
Digital Transformation No Longer Optional for Businesses in Wake of COVID-19
- 4 years 3 months ago
- Covid-19
Becoming digital-first has quickly become a priority as companies all over the world navigate a new and challenging environment as a result of the COVID-19 pandemic. However, new technology solutions should optimise entire industries, not just individual businesses, says enterprise software firm R3.
New Lenders Accredited to British Business Bank Coronavirus Business Interruption Loan Scheme
Today the British Business Bank has announced that it has approved BLG Development Finance, Conister, RM Funds and Western Union Business Solutions for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). These new CBILS lenders will be able to provide finance to smaller businesses with turnover of up to £45m that are suffering disruption to their cashflow due to lost or deferred revenues during the Covid-19 outbreak.
How Digital Payments Can Help Companies Cope Post Pandemic
COVID-19 has changed life as we know it, affecting every aspect of our personal and professional lives. People all over the world are adapting to the ‘new normal’.
66% of P2P Investors Say Reliability is of Essence
- 4 years 3 months ago
- Covid-19, Investment Management
A survey carried out by the European P2P lending platform Robo.cash shows that most investors view the pandemic as a source of valuable lessons. 2 out of 3 respondents think that the crisis has not hit the P2P segment too hard, but it has revealed the importance of being more careful choosing a platform to invest on.
PayNearby To Democratise Insurance, Saving, Lending and Digital Payments for the Masses Amid Covid-19
In its bid to offer financial liberation to the masses, PayNearby, India’s largest hyperlocal fintech startup, this Independence Day, has launched a module to bring the best of banking offerings - Nivesh (Savings), Udhaar (Lending), Suraksha (Insurance) and Payments at a store nearby. The platform is tailored to offer customised products, relevant to all income cohorts ushering in true financial inclusion.
Growth in Sign-ups Exceeds More Than 350% at Identity Verification Provider
- 4 years 3 months ago
- Covid-19, Digital Identity, Cybersecurity
Fast growing European identity verification provider, IDnow (www.idnow.io) is reporting substantial growth across its global operations as COVID-19 accelerates the need for digital processes.
Coronavirus Loan Schemes Benefiting Businesses in All Corners of UK, Reveals New Analysis From British Business Bank
New data published today reveals the regional distribution of loans under the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). The data, published by the British Business Bank, shows that the proportion of overall loans in each of the nine English regions and three Devolved Nations matches closely their respective share of the UK business population.
PPRO announces 85% volume growth despite pandemic, accelerates plans with new investment from Sprints and Citi
- 4 years 3 months ago
- Covid-19, E-Commerce, Payments, PaaS
PPRO, the world’s leading local payments platform-as-a-service, reports today an 85% increase in transaction volume from last year, highlighting the exponential opportunities for cross-border e-commerce amidst the COVID-19 pandemic. Due in part to a massive digital shift in e-commerce consumer behaviour, PPRO is now processing an annual run rate of USD 9bn in payment transaction volume.
