Tradeteq calls for government action to improve trade finance distribution during the COVID-19 crisis
- 4 years 6 months ago
- Covid-19, Asset Management
Tradeteq, the London-based provider of technology and software solutions to the trade finance industry, has today published a whitepaper titled Trade Finance in 2020: Asset Distribution – A Macro-economic Necessity. The paper highlights the need for a greater distribution of trade finance assets to non-bank investors to help SMEs in the Covid-19 pandemic.
Tandem Bank customer service ratings at an all time high despite COVID-19 crisis
Amid the current coronavirus crisis, many businesses are seeing an enormous increase in demand for their customer services. Tandem Bank is currently receiving record levels of contacts, yet despite this the business is very proud to announce its customer satisfaction scores have risen to their highest ever level at over 93 per cent.
Proteus launches new technology after successful trials with free offer during COVID-19 crisis
- 4 years 6 months ago
- Covid-19, Platform Technology, Cloud
A new digital platform, that is set to revolutionise business operating models and boost profits, has been launched today, after a successful Beta trial with a dozen companies.
iwoca approved for accreditation under Coronavirus Business Interruption Loan Scheme (CBILS)
iwoca, one of Europe’s largest small business lenders, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS). Existing customers affected by COVID-19 will be able to apply this week, followed gradually by new customers.
Freetrade closes £7m crowdfunding round that defies Covid-19 lockdown
- 4 years 6 months ago
- Covid-19, Investment, Crowdfunding
Freetrade, the smart app that makes investing easy for everyone, has defied the Covid-19 lockdown to raise £7m from more than 8,000 people. Working with Crowdcube, the company exceeded its £1 million target in just 4:33 minutes from existing shareholders before going on to raise £7m in five days. Freetrade’s fundraise is the largest equity crowdfunding campaign to be completed in the UK this year.
Europe’s Top 10 Cashless Countries: study by Merchant Machine
A new study by Merchant Machine has analysed Europe’s leading cashless economies. The study highlights the countries where citizens would like to go completely cashless the most and who uses contactless payments the most. You can view the graphic here.
Worldline launches the ‘World After COVID-19’ report to help business leaders prepare for the future
- 4 years 6 months ago
- Covid-19, Transaction Banking, Payments
Worldline, the European market leader in payment and transaction services, today has published its ‘World after COVID-19’ report. The report highlights the trends of the worldwide pandemic, both the immediate impacts and the potential long-term impacts, and presents key takeaways that business leaders may use to start adapting their strategies now to the post pandemic world.
OpenWay Unveils Hygienic Payment Solution for Distributing Financial Aid
OpenWay, a top-ranked digital payments software provider, has launched a new solution: Way4 Social Cards. The solution digitalizes distribution of social benefits and eliminates common issues faced by social programs around the world.
Refinitiv survey exposes severe lack of due diligence on business supply chains
- 4 years 6 months ago
- Covid-19, Data, Risk Management
Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, has published the findings of its fourth third-party risk survey. The report highlights the pressures that organizations face when managing risk associated with third party relationships, intensified by managing an average of almost 10,000 of these relationships across the world, and reveals the hidden dangers in supplier, distributor, and partner... more
Wolters Kluwer develops TSoftPlus Technology for loan forgiveness stage of U.S. Paycheck Protection Program
- 4 years 6 months ago
- Covid-19, Lending, Security and Compliance, Risk Management
Wolters Kluwer Compliance Solutions is set to help local lenders and their small business client recipients of Paycheck Protection Program (PPP) funding facilitate online loan forgiveness applications through its TSoftPlus™ PPP Forgiveness Module.
COVID-19 accelerates adoption of contactless payments
Consumers around the world are switching to contactless to help with social distancing, accelerating the adoption of contactless payments that was already under way With 15% penetration, contactless still has potential for further growth
Cardiff businesses help feed NHS heroes
- 4 years 6 months ago
- Covid-19
Over 25 businesses in the Cardiff and Newport area have joined the #helptheheroesdiff campaign, it has been announced today. Together, the businesses are helping provide weekly food parcels to over 600 staff across seven NHS hospitals* around the Cardiff, Vale and Newport area throughout the COVID-19 crisis.
Life in Lockdown: Record numbers go online for essentials and experiences
Online shopping has outstripped all other forms of spending over the past month, with more than half of UK shoppers (57 per cent) saying they are shopping online more than ever and record numbers signing up to virtual experiences like home fitness classes, TV and film subscriptions and online learning during lockdown.
Survey: 82% of financial leaders see COVID-19 as slowing the pace of globalisation
- 4 years 6 months ago
- Covid-19
Responses from 183 senior leaders across firms based in Luxembourg’s financial centre – including a mix of global and local asset managers, banks, insurers and professional service providers – revealed that three quarters (74%) of them do not expect to see economic conditions normalise to pre-crisis levels for at least 1 year, and potentially 2 to 3 years.
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has approved two new lenders for accreditation to offer Covid-19 business loans to small businesses across the UK. Tide will join the other 16 lenders who have been accredited to the Bounce Back Loan Scheme (BBLS), since the scheme opened last week. Alternative finance lender Liberis has also been approved for accreditation by the British Business Bank under the Coronavirus Business... more