The Inclusion Foundation Launches To Tackle Financial Exclusion
- 4 years 10 months ago
- Covid-19
The Inclusion FoundationTM (TIF), the Community Interest Company (CIC) uniting the fintech industry to give the UK’s 13m under-served adults better access to financial services, announces its launch today. This comes at a time when the society’s most vulnerable are in the greatest need of vital financial services as they cope with the COVID-19 pandemic, potentially unlocking £1.8bn in benefits for low-income households.
DivideBuy opens up offering to support smaller retail businesses during COVID-19
- 4 years 10 months ago
- Covid-19
DivideBuy, a leading LendTech company, has opened its interest-free credit solution up to online retail businesses with upwards of £100k annual turnover in a bid to help these smaller retailers attract customers during and beyond the coronavirus outbreak.
COVID-19 to be Watershed Moment for Digital Banking, Marqeta Predicts
Global modern card issuing platform provider, Marqeta, predicts that the current COVID-19 crisis could create a ripple effect that will change the face of banking forever. With many branches closing or moving to restricted hours, an increasing number of the older generation – many of whom have not used them before – are now turning to digital banking and payment solutions to avoid leaving the house. Marqeta believes this shift could represent a... more
Brits Give Back: Revolut Data Shows Big Spikes In Charitable Donations During Lockdown
Revolut, the Financial Super App with over 10 million customers in the UK and Europe, has today revealed figures highlighting a swell in charitable giving among UK consumers during the COVID-19 pandemic. The proprietary Revolut data has been gathered from 3 million UK Revolut customers, comparing stats from January and February 2020 to data since COVID-19 began to impact UK consumers from 1st March 2020. Donation amounts increase across all age... more
European Fintech Curve discovers innovative way to help customers free up more cash during lockdown
Curve, the banking platform that consolidates multiple cards and accounts into one smart card and app, now allows customers to move past payments onto a different card for up to 90 days after the payment has been made.
Blue Prism Leads Global Efforts in Helping Organizations Respond to COVID-19 Emergency
- 4 years 10 months ago
- Covid-19
Blue Prism’s COVID-19 Response Program is at the forefront of the pandemic crisis helping organizations maintain business continuity and assisting those on the front lines of the health emergency. Launched in mid-March, the program already encompasses nearly 50 projects across multiple industries, and has donated hundreds of Digital Workers (software licenses) and thousands of service hours, helping alleviate the disruption caused by COVID-19.
Why ESG is more important now than ever
- 4 years 10 months ago
- Covid-19
Stakeholders need to survive, and these stakeholders are represented in ESG. The current pandemic is highlighting this fact with significant E, S and G related decisions being made daily including everything from executive pay, dividends and share buybacks, to employee healthcare, employee lay-offs, and even food insecurity.
Soldo Care cards help governments, local authorities and NGOs distribute emergency funds amid covid-19 outbreak
Amid growing global poverty concerns in the wake of the coronavirus pandemic, leading spend management platform Soldo has launched a new solution Soldo Care to enable governments, local authorities, and NGOs to distribute emergency aid to vulnerable citizens via Mastercard® prepaid cards. The Municipality of Milan, which governs an estimated 1.3 million citizens, is the first authority to adopt the cards.
Owlin launches a COVID-19 Impact Monitor
- 4 years 10 months ago
- Artificial Intelligence, Covid-19, Data
Owlin, the leading provider of AI-powered text and news analytics solutions, today announced the launch of the Owlin COVID-19 Impact Monitor. It empowers businesses to monitor the economic impact of the novel virus in entirely new ways.
44% people in the UK feeling confident about their personal finances, finds Toluna COVID-19 Barometer
- 4 years 10 months ago
- Covid-19, Personal Finance
The Toluna and Harris Interactive COVID-19 Barometer is a bi-weekly index that taps into a community panel of 30+ million members providing accurate and timely information on the world’s perceptions regarding the Coronavirus. The latest research was carried conducted between April 9 2020 and April 14 2020 and surveyed 1,068 people in the UK. FINDINGS
Digital transformation in insurance - what the industry should learn from remote response to Covid-19
he digital tools that allowed the UK to switch to remote working in response to Covid-19 were already part of our everyday lives, writes Tim Hardcastle, CEO and co-founder of INSTANDA. The insurance industry should take note. “The famous proverb “necessity is the mother of invention” – often incorrectly attributed to Plato – doesn’t hold true during this unprecedented period of the Covid-19 pandemic.
Objectway offers Licence-Free Period for WealthTech Suite to help the digital transformation during the Covid-19 crisis
- 4 years 10 months ago
- Covid-19
Objectway, a leading software provider of wealth management digital solutions with customers distributed across four continents, announced the offer of a licence-free period to any new subscription to its digital offering committed to in 2020. The initiative aims at helping Objectway’s customers mobilise their investment, address the digital gap and deliver best service to their own customers during this challenging period originated by the... more
Coronavirus Large Business Interruption Loan Scheme to Open on Monday
The Chancellor of the Exchequer today announced details of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Delivered by lenders accredited by the British Business Bank, the new scheme provides finance to mid-sized and larger UK businesses with turnover above £45m (the upper limit for the existing smaller-business focused CBILS).
Withdraw DBT funds and cash from thousands of PayNearby outlets
The nation-wide lockdown in the wake of Covid-19, predictably, has hit the poorest sections of society the hardest, especially migrant workers and the rural population. However, now, through the help of bank mitras and Aadhaar enabled payments, customers can withdraw upto Rs. 10,000 daily simply through the use of their thumb, which is a blessing in rural areas where there is a lack of adequate financial infrastructure.
New Tech Brings Financial Relief to Small Businesses through PPP
- 4 years 10 months ago
- Covid-19
UK technology firm Zenoo has created a new solution to enable US small businesses to quickly receive essential Paycheck Protection Program (PPP) loans during the COVID-19 crisis. The technology was created at the emergency Hackathon to Save Small Business in March, where the Alliance for Innovative Regulation (AIR) brought together over 60 people representing more than 20 banks, fintech firms, non-profit organisations and other institutions... more
