Funding Circle Accredited Under the Coronavirus Business Interruption Loan Scheme
Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant. Funding Circle expects to open CBILS applications within the next week once it has completed the required legal and operational approvals with the Bank.
Ebury approved to provide SME funding under Dutch Government’s Coronavirus business aid scheme
- 4 years 7 months ago
- Covid-19, Transaction Banking, Payments
Ebury, one of Europe’s largest FinTech companies, has been granted approval in the Netherlands to provide SMEs with loans under the Government’s SME Credit Guarantee Scheme1, which was launched in response to the Coronavirus crisis. The scheme, which is available to Dutch businesses with fewer than 250 employees, provides government guarantees for loans of up to €1.5m. The guarantees will cover 75% of the loan amount for up to €2bn of SME... more
Envestnet | Yodlee and Charles Schwab Enter Financial Data Access Agreement
Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, announced today that it has come to terms with Charles Schwab on a financial data access agreement. This will aid in providing the framework for the financial services company’s clients to more securely and effectively allow access to, and use their personal financial information, with... more
Mobile payments service to streamline how UK charities collect donations
- 4 years 7 months ago
- Covid-19
As charities around the world are feeling the unprecedented pressure caused by COVID-19, the UK charity sector is expected to lose over £4 billion in the upcoming weeks and months due to fundraising events being cancelled and places of worship closing their doors. In these uncertain times, mobile technology is enabling charities to collect donations remotely.
Retail gain-and-retain in a post COVID-19 world
- 4 years 7 months ago
- Covid-19
Today, a new report by Klarna, the leading global payments provider enabling over seven million consumers in the UK to pay later in store and online, analyses the psyche of consumer purchasing habits and what retailers can do to stay relevant in a post COVID-19 world.
Tide and Hokodo introduce Invoice Protection to support SMEs during Coronavirus crisis
- 4 years 7 months ago
- Covid-19, Insurtech, Banking, Accounting
Tide, the UK’s leading business banking platform[1], has launched a new Invoice Protection product in partnership with insurance solutions provider, Hokodo, to help micro, small and medium-sized businesses protect their cash flow against the late and non-payment of invoices.
Wolters Kluwer Adds New Loan Application Importer Functionality to Successful Paycheck Protection Program Solution
Wolters Kluwer Compliance Solutions has added an important new feature to its widely used Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution, which is designed to help U.S. banks, credit unions and other lenders support small businesses with payroll funding during the COVID-19 crisis.
State Street To Provide Central Banks With PriceStats Inflation Indicators to Assess Economic Impact of COVID-19 Pandemic
- 4 years 7 months ago
- Covid-19, Investment Management, Risk Management
State Street Corporation (NYSE:STT) today announced that it will offer its State Street PriceStats Series, a comprehensive suite of indicators to monitor trends in retailer pricing and consumer demand in 22 countries, to central banks around the world at no cost. The announcement comes following an influx of inquiries from central banks as they seek to mitigate the negative economic effects of the pandemic.
UNDP and Hackster.io partner to launch a global innovation challenge to tackle COVID-19
- 4 years 7 months ago
- Covid-19
The fight against COVID-19 is at a crucial tipping point, so the United Nations Development Programme (UNDP) and Hackster.io, an Avnet company and the largest online open-source technology hardware community, are taking action. The two organizations have partnered to launch the COVID-19 Detect and Protect Challenge to create open-source technology that developing countries can leverage in the fight against this global pandemic.
Digital Signatures: A Critical Tool to Keep Business Moving in Challenging Times
GMO GlobalSign www.globalsign.com, a global Certificate Authority (CA) and leading provider of identity and security solutions for the Internet of Things (IoT), today announced steps to help companies conduct business securely while working remotely during the Coronavirus pandemic.
IDnow notices changes in customer behaviour since Coronavirus (COVID-19) restrictions
- 4 years 7 months ago
- Covid-19
IDnow, a leading provider of Identity Verification-as-a-Service solutions with more than 250 customers, publishes statistics on the changed customer habits since Europe has experienced restrictions on everyday life due to the coronavirus (COVID-19). As part of the Corona Pandemic, many service providers have experienced significant changes in customer demand and behaviour. As a provider of an Identity Verification-as-a-Service platform, IDnow... more
Saxo Bank’s most traded Q1 stocks: Tesla took investors for a ride
- 4 years 7 months ago
- Covid-19, Equities Trading
After a slow climb in January, the covid-19 pandemic flushed all profits down the drain in a matter of weeks. This was mostly personified by Tesla’s Q1 rollercoaster, going from a short squeeze which sparked a 50% increase in the stock price to being hit by the covid-19 lockdown, which made it drop back to where the year started. Following a fantastic year in 2019, the market took a tumble in the first months of 2020. This resulted in a 24% drop... more
Q1 2020 KnowBe4 Finds Coronavirus-Related Phishing Email Attacks Up 600%
- 4 years 7 months ago
- Covid-19
KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, revealed the results of its Q1 2020 top-clicked phishing report.
Uber Eats partners with Mastercard to commit an additional 40,000 meals for NHS staff
From today, an additional 40,000 free meals will be available to NHS heroes on Uber Eats. Together, Uber Eats and Mastercard hope this will help reduce the pressure on the heroes on the frontline of the coronavirus crisis. NHS staff will receive a £10 voucher, donated by Mastercard, that they can use on the Uber Eats app to buy a meal from thousands of restaurants and convenience stores in more than 150 towns and cities across the UK. Toussaint... more
Countingup launches coronavirus grant calculator for sole traders
- 4 years 7 months ago
- Covid-19
Countingup, the number one banking and accounting app in the UK, has launched a free coronavirus grant calculator for sole traders, grantcalculator.co.uk. The calculator helps self-employed sole traders see what grant they are likely to be eligible for under the Self-employment Income Support Scheme which is due to launch at the end of April. They can also see likely lost earnings.
