New coronavirus fintech taskforce offers their support to SMEs
Mar27

New coronavirus fintech taskforce offers their support to SMEs

Trade Ledger, a digital lending platform; Wiserfunding, a digital SME credit scoring platform; Nimbla, a trade credit insurance provider, and NorthRow a remote client onboarding platform have established a new fintech taskforce to provide a turn-key origination and underwriting platform that allows banks, alternative lenders and private debt lenders to virtually and digitally deploy funds to businesses during the Covid-19 outbreak....

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Natwest to ensure all customers pay less for their overdraft for the next 3 months
Mar27

Natwest to ensure all customers pay less for their overdraft for the next 3 months

The bank has also removed all other overdraft fees and charges, meaning that all customers who use their overdraft for the three months from Monday 30th March will pay less. NatWest has been working hard to make sure that they have the right support in place for any customers impacted by Coronavirus and has announced a range of measures to help customers who have been financially impacted. NatWest has created dedicated customer care...

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Axis Bank sets aside Rs. 100 crore Fund to help fight COVID-19
Mar27

Axis Bank sets aside Rs. 100 crore Fund to help fight COVID-19

In view of the evolving situation around the spread of Covid-19 in communities, Axis Bank has set aside Rs. 100 crore to support customers, employees, vendors, government agencies and the community at large towards curbing the spread of coronavirus. Axis Bank reaches out to over 2.6 crore customers in the country. With a view to support customers and the entire nation, Axis Bank has decided to waive off charges for Savings Account,...

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Could extending tax efficient investment schemes catalyse SME growth during COVID crisis?
Mar27

Could extending tax efficient investment schemes catalyse SME growth during COVID crisis?

The past two weeks have seen unprecedented announcements and policies from the Chancellor, designed to support the UK’s businesses and workers during the coronavirus lockdown. The £330 billion raft of incentives and loans revealed last week made debt funding available at a record scale – especially for the UK’s SMEs. So far, however, equity funding routes have been largely forgotten about – despite the fact that they...

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RBS and The Scotsman newspaper call for businesses to donate food and hygiene products to support poverty charities during coronavirus crisis
Mar27

RBS and The Scotsman newspaper call for businesses to donate food and hygiene products to support poverty charities during coronavirus crisis

Royal Bank of Scotland has turned its Edinburgh head office’s Conference Centre into a distribution centre to supply food and hygiene products to the Trussell Trust food banks and Social Bite charity. Royal Bank of Scotland and The Scotsman newspaper have issued a call for businesses to donate any non-perishable food and hygiene products they can spare to the bank’s new food distribution centre in Edinburgh to help keep two food...

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Coronavirus pandemic will drive responsible (ESG) investing ‘skywards’
Mar27

Coronavirus pandemic will drive responsible (ESG) investing ‘skywards’

The coronavirus pandemic and its economic fallout will trigger a ‘skyward surge’ in sustainable, responsible and impactful investing over the next 12 months, affirms the CEO of one of the world’s largest independent financial advisory organizations. The prediction from the boss of deVere Group, which has more than $12bn under advisement, comes as Bloomberg analysis reveals that the average Environmental, Social and Governance (ESG)...

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HSBC announces USD25 million COVID-19 donation fund
Mar27

HSBC announces USD25 million COVID-19 donation fund

HSBC has committed $25m in charitable donations to help affected people recover from the deadly coronavirus (Covid-19) outbreak. The latest donation is in response to medical services in several countries being under huge pressure due to the Covid-19 crisis. Through this aid, the bank intends to support the international medical response, protect vulnerable people and ensure food security globally. Of this figure, $15m will be made...

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Market-leading credit control app Chaser launch Cashflow Recovery Initiative for UK SMEs during Covid-19
Mar27

Market-leading credit control app Chaser launch Cashflow Recovery Initiative for UK SMEs during Covid-19

UK SMEs face huge challenges getting their invoices paid on time, with over £225 billion in overdue invoices owed to them at any one time. Those challenges are now dramatically exacerbated by Covid-19. Chaser’s Cashflow Recovery Initiative will put businesses in the best cash flow position possible in this uncertain time by providing SMEs with access to an expert team to help them get their invoices paid, completely FREE of charge....

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Wollit to bring forward launch to help gig workers hit by COVID-19
Mar27

Wollit to bring forward launch to help gig workers hit by COVID-19

New fintech Wollit announces it is bringing forward the launch of its income smoothing product to help those hit hardest by the COVID-19 pandemic protect themselves from future income shocks. Wollit will allow customers with irregular incomes, such as gig workers and those on zero-hour contracts, to benefit from its Income Promise – giving them access to a stable income each month even if their hours or earnings fluctuate....

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PM’s self-employed support package: Expert commentary
Mar26

PM’s self-employed support package: Expert commentary

In light of the government’s announcement of a support package to the UK’s self-employed, please see below commentary from a leading personal finance expert, discussing its impact on individual’s personal finances. John Ellmore, Director of KnowYourMoney.co.uk said “Yet another bold move by the Chancellor. Regardless of political leaning, the government’s determination to “do whatever it takes” to get the UK through...

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Capitalise.com launches CBILS application platform and free information hub to help give businesses confidence in times of uncertainty
Mar26

Capitalise.com launches CBILS application platform and free information hub to help give businesses confidence in times of uncertainty

Today, adviser-led funding platform, Capitalise.com is announcing that it has launched a single point of access Coronavirus Business Interruption Loan Scheme (CBILS) application platform to make it easier for small businesses to apply for government-backed loans. Both businesses and their accountants will be able to compare, apply and access funds from the approved lenders on the government scheme to help reduce the financial...

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Aire opens up insight service to help lenders keep pace with financial uncertainty
Mar26

Aire opens up insight service to help lenders keep pace with financial uncertainty

Aire, the credit insight service, today announced that it is offering free access to its range of real-time credit information services for a period of three months, to help lenders identify and engage with struggling consumers during the unfolding Coronavirus crisis. With much of the country’s workforce impacted by the government’s latest measures to curb the virus, Aire estimates that the number of people in the UK missing one or...

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Optimum Finance announces industry-first technology for brokers and accountants to provide SMEs with much needed cash flow sources in response to the coronavirus crisis
Mar26

Optimum Finance announces industry-first technology for brokers and accountants to provide SMEs with much needed cash flow sources in response to the coronavirus crisis

Invoice finance fintech firm Optimum Finance has responded to the economic uncertainty faced by millions of UK SMEs by unveiling an industry-first technology platform designed to speed up and automate the process of referrals by commercial funding brokers and accountants looking to access commercial funding for their clients through invoice finance. The Optimum Finance team has developed a proprietary suite of services offering remote...

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Tandem Bank CDTO joins Data IQ 100
Mar26

Tandem Bank CDTO joins Data IQ 100

Noam Zeigerson, Tandem Bank’s Chief Data & Technology Officer, has been listed in the Data IQ 100 list, comprising the UK’s most innovative industry leaders who drive business success through the intelligent use of data. The Data IQ list is the only fully-curated power list of data and analytics practitioners in the UK, with nominations from across both public and private sectors. Selected from a shortlist of 530 candidates, these...

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Coronavirus outbreak spells the end for ‘outdated’ paper-based ID checks – SmartSearch
Mar26

Coronavirus outbreak spells the end for ‘outdated’ paper-based ID checks – SmartSearch

The spread of the coronavirus means firms relying on paper-based ID checks need to switch to electronic processes now to avoid a freeze on their business, according to anti-money-laundering experts SmartSearch. New restrictions on movement and the fear of contamination of documents have triggered a rush to adopt electronic verification (EV) as firms wake up to the effect of the virus. Relying on documents makes it impossible to comply...

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Covid-19: UK fintech SumUp to waive fees on mobile payments
Mar24

Covid-19: UK fintech SumUp to waive fees on mobile payments

UK-based fintech firm SumUp has decided to waive fees related to its mobile payments platform to help businesses impacted by the deadly coronavirus (Covid-19). The move will allow businesses to process payments virtually by sharing a link through WhatsApp, SMS, or an email through their devices. It will help small businesses impacted by the pandemic to manage and sustain their operations to keep the business open. Apart from the fee...

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Bank of England launches Contingent Term Repo Facility
Mar24

Bank of England launches Contingent Term Repo Facility

In response to financial market conditions the Bank of England is today activating the Contingent Term Repo Facility (CTRF) – a temporary enhancement to its sterling liquidity insurance facilities. This step is designed to help alleviate frictions observed in money markets in recent weeks, both globally and domestically, as a result of the economic shock caused by the outbreak of Covid-19. The CTRF is a flexible liquidity...

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Eastern Bank Commits Over $10 Million To Aid Individuals And Families, Small Businesses, And Nonprofit Organizations Impacted By The Coronavirus (COVID-19) Crisis
Mar24

Eastern Bank Commits Over $10 Million To Aid Individuals And Families, Small Businesses, And Nonprofit Organizations Impacted By The Coronavirus (COVID-19) Crisis

Eastern Bank, America’s oldest and largest mutual bank, and Eastern Bank Charitable Foundation today announced over $10 million in funding to help offset the impact of the coronavirus in the communities it serves. Eastern Bank Charitable Foundation will target $3 million in financial support to area nonprofit partners focused on COVID-19 relief, while Eastern Bank has created two loan funds that will provide a total of $7 million to...

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Contactless card payment limit to rise in UK from £30 to £45 to stop spread of virus on PIN pads
Mar23

Contactless card payment limit to rise in UK from £30 to £45 to stop spread of virus on PIN pads

The £30 limit on contactless card payments is set to rise to £45 in a bid to stop people dawdling in checkout queues and spreading coronavirus. The contactless card payment limit in shops will increase by £15 as part of measures to combat coronavirus. Mark Barnett, Divisional President of Mastercard in the UK, said: “As we all collectively navigate the current unsettling and uncertain times, providing consumers and businesses with a...

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Global financial markets to use China’s recovery as a critical gauge
Mar23

Global financial markets to use China’s recovery as a critical gauge

Global financial markets will use China’s recovery as a sentiment tracker, affirms the CEO of one of the world’s largest independent financial advisory and services organizations. The comments from Nigel Green come as European and Asian-Pacific markets and U.S. futures fell after a stream of stark headlines over the weekend. His observations also follow Chen Yulu, a vice governor at the People’s Bank of China, giving a press...

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Zego offers 14 days free cover to customers with suspected Covid-19
Mar20

Zego offers 14 days free cover to customers with suspected Covid-19

Flexible insurer Zego is offering customers who have been forced to self-isolate because of coronavirus up to 14 days’ worth of free cover. The London-based company hopes the offer will help to alleviate the financial strain felt by any of its customers unable to earn money for an extended period. Zego specialises in flexible, usage-based insurance policies and currently insures a large portion of the UK’s delivery and ride-hailing...

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SumUp launches free Mobile Payments solution for UK SumUp merchants and quarantined customers
Mar20

SumUp launches free Mobile Payments solution for UK SumUp merchants and quarantined customers

London-headquartered fintech SumUp is waiving the fees on its Mobile Payments feature, enabling merchants to process payments remotely via smartphone, simply by sharing a link via email, WhatsApp, SMS or any other messaging platform. In a move to support SumUp merchants, all commission rates on mobile payments have been scrapped until 30th April, to help small businesses through this challenging time. SumUp also announces the launch...

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FF on Covid-19
Mar20

FF on Covid-19

  So unless you have been Jared Leto’ing for the last few weeks, you’re probably working from home, signing up for a Zoom trial, and like me joining our friends at 11:FS team for daily 8am Yoga Over the past few days, we’ve cleared out our office and how have the whole team working remotely, and I have now spoken to all of our freelancers and suppliers… which took a lot longer then I expected as there is a fair few! Our Magazines...

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Business leaders react to the BoE interest rate cut
Mar20

Business leaders react to the BoE interest rate cut

Please find below comments from business leaders reacting to the Bank of England’s decision to cut interest rates to 0.1%. John Ellmore, Director of KnowYourMoney.co.uk “This is an unprecedented decision from the Bank of England and will impact every consumer in the UK. Whilst this will come as welcome news for borrowers, low rates will not have a big impact on savers who are already facing difficult conditions. “Covid-19 is a...

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A statement from Reed Exhibitions, organisers of RetailEXPO 2020 – event cancelled
Mar19

A statement from Reed Exhibitions, organisers of RetailEXPO 2020 – event cancelled

After monitoring the evolving situation around COVID-19 Coronavirus pandemic, we have made the decision to cancel RetailEXPO 2020, scheduled to take place from April 29+30 in Olympia, London. Having considered all options and given the rapidly changing environment, rescheduling for later this year is no longer feasible and so this is the best course of action for the retail industry and the communities we serve. It also reflects our...

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Being True to the Ideals of Decentralization can Help Businesses Fight  Coronavirus, says Bitfinex
Mar18

Being True to the Ideals of Decentralization can Help Businesses Fight Coronavirus, says Bitfinex

Bitfinex, a state-of-the-art digital asset trading platform, has advocated that businesses adopt a decentralized model that promotes remote working as a means of adapting to the challenges presented by the coronavirus. The blockchain space has a reputation for being at the forefront of new technologies. The sector is also innovative in developing new business models that are inclusive and contribute to a more diverse workforce, which...

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Travelex Statement in response to today’s Finablr Announcement
Mar18

Travelex Statement in response to today’s Finablr Announcement

Travelex notes today’s announcement released by Finablr, its indirect parent company, regarding their appointment of an accounting firm to advise on maximizing value in the Finablr Group. Travelex reaffirms that it continues to take decisions, with input from PwC and supported by its other external advisors, regarding the operation of its business in the interests of all relevant stakeholders. Travelex notes that it has maintained a...

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deVere launches Contactless Advice service amid coronavirus outbreak
Mar17

deVere launches Contactless Advice service amid coronavirus outbreak

One of the world’s largest independent financial advisory organisations is offering free financial advice to anyone in the world on a remote basis as social distancing is universally embraced as the best tool to fight coronavirus. deVere Group, which operates in more than 100 countries worldwide, is launching its Contactless Advice service with immediate effect. The chief executive and founder of the $12bn organisation, Nigel Green,...

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Revolut Users Set to Grow by 36% and Hit 16m by 2021, Amids COVID-19
Mar17

Revolut Users Set to Grow by 36% and Hit 16m by 2021, Amids COVID-19

Data compiled by Finbold.com indicates that Fintech startup Revolut’s user base will hit 16 million by 2021. This growth represents an increase of about 36%. Factors fuelling the growth The growth will be fuelled by certain factors like expansion into other countries. Additionally, the Coronavirus crisis might play a significant role in this growth. According to the report: “In a bid to fight the spread of the virus, many countries...

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Venture Summit  | West 2020 – new dates!
Mar13

Venture Summit | West 2020 – new dates!

In light of the recent global developments around the COVID-19 virus, Venture Summit | West 2020 will now be held on 5th and 6th May. Please see here for more details.

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Seamless Southern Africa postponed – new dates!
Mar13

Seamless Southern Africa postponed – new dates!

In light of the recent global developments around the COVID-19 virus, Terrapinn has been working closely with our key event partners to ensure the best possible delivery for the 2020 edition of Seamless Southern Africa. Whilst South Africa remains completely safe for travel, and has deployed the strictest medical and hygiene protocols, we fully recognise that we have a high majority of key participants significant to the event’s...

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National Enterprise Network welcomes the Chancellor’s Small Business Support
Mar12

National Enterprise Network welcomes the Chancellor’s Small Business Support

Representing the country’s start-ups and small businesses, the National Enterprise Network has welcomed the Chancellor’s announcement of a further £130m for the Start Up Loan Scheme. ‘In their early stages many start-ups need initial funding but are frequently seen as not sufficiently credit worthy to justify support from the banks. The Start Up Loan Scheme which is made available through many of the Enterprise Agencies up and down...

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Coronavirus Now The Biggest Threat UK SME Stability
Mar11

Coronavirus Now The Biggest Threat UK SME Stability

The coronavirus is now the biggest threat to SME’s since the financial crash of 2008. According to a survey by the Institute of Directors, one in five SME directors believe the outbreak poses a server threat to their business, signalling a collapse in business confidence across the UK. Covid-19, which originated in the city of Wuhan, China, has spread to more than 110,000 cases around the world, with almost 4,000 deaths – the majority...

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Registration opens for Sibos 2020 Boston as themes announced
Mar11

Registration opens for Sibos 2020 Boston as themes announced

Registration is open for Sibos 2020, with Boston playing host city once more. This year’s theme, driving the evolution of smart finance, will explore how the financial industry can make better decisions and run smarter businesses, while optimising available technology and data. Global business leaders, decision makers and experts from the financial world will gather at the Boston Convention and Exhibition Center (BCEC), one of North...

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MONDATO SUMMIT AFRICA 2020
Nov04

MONDATO SUMMIT AFRICA 2020

UPDATE: due to the recent outbreak of the Coronavirus COVID-19, Mondato Summit Africa 2020 has been postponed to Wednesday & Thursday 23rd & 24th September (tentative) Beyond Access: Generating Value Through Digital Inclusion  Prominent digital finance consultancy Mondato to host the seventh annual digital finance & fintech thought leadership conference in Maputo, Mozambique on March 31st & April 1st in partnership...

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