Bad Debt Levels Soar by 61% for UK SMEs as Supply Chains are Hit by Rising Insolvencies
- 2 years 9 months ago
- Personal Finance
New research published by Bibby Financial Services (BFS) reveals the extent to which the UK’s small and medium-sized enterprises (SMEs) are exposed to substantial debt stress today. The average bad debt amongst UK SMEs has jumped 61 per cent - from £10,329 in Spring 2022, to £16,641 today. Currently, around 1.5 million - or 27 per cent - of SMEs are struggling with this issue.
Northern Trust Launches Market Risk Monitor
- 2 years 9 months ago
- Risk Management
Northern Trust has enhanced its suite of ex-ante (forward-looking) risk analytics services through the release of its new Market Risk Monitor solution.
PPRO Appoints Motie Bring as Chief Commercial Officer to Drive the Next Stage of Growth
- 2 years 9 months ago
- People Moves
PPRO, the leading global digital payments infrastructure provider, has announced the appointment of Motie Bring as Chief Commercial Officer. Motie’s impressive track record helping merchants and payments companies scale up their operations will be crucial in strengthening PPRO’s market position as the most trusted infrastructure partner for payments service providers (PSPs), merchants and banks.
FinTech Connect 2023 Opens Call for Content Following Advisory Board Meeting
- 2 years 9 months ago
- Infrastructure
FinTech Connect 2023, Europe’s only dedicated fintech event for the entire ecosystem, has announced it’s now opened its ‘Call for Content’ for potential speakers and sponsors. This follows the UK meeting of 30+ C-Suite fintech leaders which make up FinTech Connect’s Advisory Board.
Themis Releases Supply Chain Risk Assessment Tool
- 2 years 9 months ago
- Risk Management
Themis has announced the release of its innov
Key Environmental Trends To Look Out For Across The Fintech Industry
- 2 years 9 months ago
- Banking
There are a growing number of eco-minded customers being drawn to fintech services, as it is easier to measure the green credentials of newer players than those operating in traditional finance. This is according to virtual payment card provider Lanistar.
Escrowpay to Raise in Excess of 120 Crores to Fuel its Growth and Expansion Plans
- 2 years 9 months ago
- Fundraising News
Escrowpay, India’s first digital escrow platform, is looking forward to raising additional funding of Rs 120 crore as growth capital. In the year 2022, the company raised 2 rounds of pre- A2 funding. The company has witnessed 8X growth in its transaction processing volume (TPV), with the average size of the transaction of Rs. 750,000, and eyeing to achieve Rs10,000 crore as its TPV target for the financial year 2023.
BMLL Expands Data Coverage to APAC
- 2 years 9 months ago
- Data
BMLL, the leading, independent provider of harmonised, historical Level 3 data and analytics across global equity and futures markets, today announced the expansion of their equities and ETF data coverage to include Asia Exchanges.
TrustATrader Partners with American Express
- 2 years 9 months ago
- Management
For every £1 they spend, TrustATrader American Express Cardmembers will receive 1 Membership Rewards® point which can be redeemed against their TrustATrader membership and turned into all kinds of rewards for their business from some of the world’s best-known brands.
Agent IQ’s Lynq Platform Recognized as a Highly Commended Finalist in FinTech Futures' 2023 Banking Tech Awards USA
- 2 years 9 months ago
- FinTech StartUps
Agent IQ, a provider of digital customer engagement solutions specializing in making financial services more personal again, announced today that their
Lending Standards Board Welcomes New Chair
- 2 years 9 months ago
- People Moves
The Lending Standards Board (LSB) formally welcomes its new Chair, Ken Scott, who took up his role with effect from 1 April 2023. Mr Scott’s extensive experience will support the LSB’s mission of working to ensure fair outcomes for financial services customers.
Cellulant’s Payment Processing Platform to Power Online and Offline Payments for Businesses in Africa
- 2 years 9 months ago
- Payments
Leading payments technology company, Cellulant aims to change how businesses make payments and get paid in Africa by introducing online and offline payment solutions. The payments market in Africa is experiencing rapid growth, mainly due to advancements in peer-to-peer (P2P) and consumer-to-business (C2B) payment solutions. However, the fragmentation of payment processing continues to pose a significant challenge for businesses seeking to...
Neo Financial Launches New Hybrid Neo Money™ card as a Debit Card Alternative
- 2 years 9 months ago
- Credit Cards
Neo Financial (Neo) is announcing the launch of the Neo Money™ card, expanding on the benefits of the high-interest Neo Money™ account with credit-like rewards when you spend.
SAP Blockchain: Overview and Benefits
- 2 years 9 months ago
- Blockchain
SAP is one of the world's foremost providers of enterprise resource planning (ERP) and business process management technology to help companies facilitate more efficient business workflows and more effective data management processes.
UK Unveils Economic Crime Plan 2 to Bolster Fight Against Financial Crime
- 2 years 9 months ago
- Security
475 new highly-trained financial crime investigators are being introduced to boost the UK’s response to economic crime, being deployed across enforcement, intelligence and asset recovery at key agencies. The increased headcount, set out as part of the UK Government’s Economic Crime Plan 2, aims to recover an extra £1 billion in criminal assets over the next decade, with the detection and disruption of money laundering at the forefront of efforts...
