SME Marketplace unlocks financial access for 75,000 Indian farmers, aims to repair Coronavirus-hit supply chain
- 4 years 6 months ago
- Covid-19, Platform Technology, Payments
BPC, the leading provider of digital payment solutions, shares pilot phase results from its new digital platform Safal Fasal, an SME Marketplace for small and marginal farmers in India. Through access to Farmers Producers Organisations (FPO), Safal Fasal has helped 75,000 Indian farmers access instant payment for the first time and increase their income.
Finastra helps banks and credit unions provide critical financial support to small businesses under the PPP
Finastra, one of the world’s largest financial technology solutions providers, announced today that it has helped process more than 86,000 Paycheck Protection Program (PPP) loans to date, supporting community-focused banks and credit unions as they provide critical financial assistance for small businesses impacted by the Covid-19 pandemic. Finastra’s CARES Act
Survey: Two-Thirds of Respondents Say Technology is Not Delivering Stronger Customer Relationships
- 4 years 6 months ago
- Covid-19
Appian today announced the results of its “Business Automation Technologies and the Customer Experience” survey. The objective of the survey, conducted by IDG, was to understand employee attitudes at large organisations across the United States and Europe with respect to business automation technologies and the “humanisation” of business-to-customer relationships. In the midst of COVID-19 pandemic, this question takes on even greater urgency for... more
4 reasons why you shouldn't miss Khaleej Times Remote Workforce Summit 2020
- 4 years 6 months ago
- Covid-19, Infrastructure
This virtual event aims to bridge the gap between office workstation and your own remote work zone.
Moorwand and K Wearables partner to give away 300 free K Rings to fearless NHS staff
- 4 years 6 months ago
- Covid-19
Payment providers, Moorwand and K Wearables, have today announced a giveaway of 300 K Rings for NHS staff as a show of appreciation for their hard work fighting the coronavirus pandemic. After recently migrating to Moorwand for issuing, bin sponsorship and digital banking services, K Wearables, the contactless payment ring provider, and Moorwand would like say thank you to the fearless frontline NHS staff in the best way they know how.
Mastercard Provides Free Cybersecurity Tools for Small Businesses in Canada
- 4 years 6 months ago
- Covid-19, Cybersecurity
Free cybersecurity assessments from RiskRecon, a Mastercard company, will help small businesses protect their environments during the COVID-19 crisis As small businesses across Canada cope with ongoing social distancing requirements, many are quickly moving their activities online and facing greater exposure to cyber threats. To help small businesses protect their operations, Mastercard today announced that RiskRecon, a Mastercard company, is... more
Latest consumer spending insights from Yolt’s lockdown monitor
The lockdown measures, introduced in response to Covid-19, have had a profound effect on the spending and saving of UK consumers. Yolt, a smart money app with over one million registered users, has analysed anonymised transaction data from a representative sample of its users, to show how lockdown has affected spending in the UK. Since Yolt allows users to aggregate and view all their accounts in one place, regardless of which banks they use,... more
European retail banks need to reduce costs by over £30 billion to survive the pandemic, says Kearney
- 4 years 6 months ago
- Covid-19
Analysis from global consultancy partnership Kearney has found that the COVID-19 pandemic and resulting recession will mean that banks across Europe need to rethink their strategies and reduce their costs by over £30 billion (€35 billion) to overcome this crisis.
Ebury to support UK SMEs during Covid-19
Ebury, the global transaction platform, has been approved as an Accredited Lender on the British Business Bank's (BBB) Coronavirus Business Interruption Loan Scheme (CBILS), enabling it to support UK SMEs with government-backed loans through this difficult time. Ebury provides specialist loans to SME companies that trade internationally and, in April, the UK-headquartered fintech was approved for similar schemes by the Dutch, Spanish and Italian... more
Vonage signs Al Rayan Bank for its contact center
Vonage (Nasdaq: VG), a global business cloud communications leader, today announced that Al Rayan Bank, the UK’s oldest and largest Sharia-compliant retail bank, avoided business disruption and maintained its commitment to outstanding customer service with the Vonage Contact Center by transitioning employees from office locations to their homes in response to the COVID-19 pandemic.
Banking Circle Research Reveals How Payments Businesses Are Adapting in the Wake of COVID-19 Restrictions
Recent research[1] commissioned by financial infrastructure provider, Banking Circle, following a webinar on the impact of COVID-19, has found that businesses are innovating rapidly to meet their customers’ ever-changing needs. Key highlights:
Pandemic Accelerates Contactless Payment Adoption in the Nordics
The first four months of 2020, during which the Nordics imposed strict Covid-19 social distancing measures, saw contactless payments in the region increase by an unprecedented 12 percentage points, according to transaction data from European payments industry leader, Nets, released today.
1pm Accredited Under the Coronavirus Business Interruption Loan Scheme (CBILS)
- 4 years 6 months ago
- Covid-19
1pm plc, the AIM listed independent specialist provider of finance facilities to UK SMEs, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan and asset finance variants on Tuesday, May 5. The British Business Bank has approved 1pm Finance (UK) Ltd, a wholly-owned subsidiary of 1pm plc, which trades as Onepm Finance (“Onepm”), to be an accredited... more
Genome is Waiving Service Fees for All Low-Risk Businesses as a Support Act During the COVID-19 Pandemic
- 4 years 6 months ago
- Covid-19, e-Payments, Money Transfers, Banking
Genome is an Electronic Money Institution, licensed by the National Bank of Lithuania, founded in 2018. Specializes in online financial services for personal and business needs: the opening of business, settlement and merchant accounts with dedicated IBAN’s, providing SEPA and SWIFT transfers with a possibility to do currency exchange and also payment processing via credit cards and all other alternative payment methods. The fintech company has... more
Video Banking Helps to Maintain Financial Services Provision During COVID-19
Remote tellers broaden customer banking options RBR’s Teller Automation and Branch Transformation 2019 report reveals that video banking technology is increasingly being adopted to extend banking services both within and beyond the branch. The study, which covers 23 key global markets, shows that the uptake of video teller machines is rising, as institutions seek to boost customer access and cut costs.
