UK businesses eye up international markets to ride out dual storm of Brexit and COVID-19
May26

UK businesses eye up international markets to ride out dual storm of Brexit and COVID-19

UK businesses are pivoting and seeking growth opportunities in international markets as they seek ways of overcoming the COVID-19 crisis, new research has found. Logistics firm One World Express commissioned an independent survey among over 900 decision-makers within UK businesses. It found that 43% have pivoted their product or service since the pandemic began – this being particularly true of large businesses (57% among firms with...

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Prime Property market continues display of resilience: CapitalRise complete funding on third development since lockdown
May21

Prime Property market continues display of resilience: CapitalRise complete funding on third development since lockdown

The Prime Property market continues to display resilience and movement as CapitalRise announce they have closed their latest deal, a bridging loan to fund the acquisition of land for a prime residential development located on Icklingham Road, part of the exclusive Fairmile estate in Cobham, Surrey. The only dedicated alternative finance provider for Prime Property developments in London and the Home Counties, CapitalRise has seen a...

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EIS launches in the UK as insurance companies look beyond protection to deliver more value to consumers
May20

EIS launches in the UK as insurance companies look beyond protection to deliver more value to consumers

 EIS, a core and digital platform provider for insurers, today announces its entry to the UK market. The San Francisco-based insurtech has launched its coretech platform in the UK to help insurers offer a new generation of insurance products and services, in response to changing consumer habits and an evolving regulatory landscape. “For the Insurance company of the future, providing the right cover and good service to policyholders...

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UK Fintech Rimilia announces new Chairman of the Board and key leadership appointments to fast-track growth following funding round
May19

UK Fintech Rimilia announces new Chairman of the Board and key leadership appointments to fast-track growth following funding round

Rimilia, the leading SaaS-based fintech company, today announced it’s continuing to accelerate its growth with the recent appointment of Rob Luddy as Chairman of the Board, alongside Steven Robertson as Chief Technology Officer (CTO) and Andy Lilley as Chief Product Officer (CPO). These key hires will support Rimilia to continue to accelerate and scale, having secured $15 million in growth funding earlier this year to invest in...

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NetSuite implementation specialist Threadgold Consulting brings Sidetrade’s AI tech to SMEs
May18

NetSuite implementation specialist Threadgold Consulting brings Sidetrade’s AI tech to SMEs

Forward thinking SMEs across the UK will now have a cutting-edge accounts receivable solution within their grasp, thanks to a new partnership between AI firm Sidetrade, and Threadgold Consulting. Threadgold Consulting is a specialist NetSuite ERP consultancy, enabling businesses to use cutting edge SaaS products for efficiency, scalability, intelligence, and risk reduction. They also develop innovative proprietary solutions to address...

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New lenders accredited to British Business Bank Coronavirus business loan schemes
May18

New lenders accredited to British Business Bank Coronavirus business loan schemes

Today the British Business Bank has announced that it has approved two new lenders for accreditation to offer COVID-19 business loans to small businesses across the UK. Tide will join the other 16 lenders who have been accredited to the Bounce Back Loan Scheme (BBLS), since the scheme opened last week. Alternative finance lender Liberis has also been approved for accreditation by the British Business Bank under the Coronavirus...

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ANNA announces partnership with ABH Holdings S.A.
May14

ANNA announces partnership with ABH Holdings S.A.

ANNA, the mobile business current account and financial admin assistant for small businesses and freelancers is pleased to announce a strategic alliance with ABHH Group. The group is investing over $21m into the company and acquiring a majority stake in ANNA at an implied valuation of $110m. ANNA will continue to operate as a standalone brand, maintaining operational independence, its headquarters in London and customer service team...

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EMQ launches enterprise settlement solution to significantly boost international payments for businesses globally
May14

EMQ launches enterprise settlement solution to significantly boost international payments for businesses globally

EMQ, a global financial settlement network, rolled out its new enterprise payment solution with same-day settlement capabilities in local currencies across eight countries – China, Singapore, India, Indonesia, Malaysia, Philippines, Japan and the United Kingdom. This major enhancement further extends the speed, transparency and certainty of EMQ’s network infrastructure into domestic markets, enabling global businesses to streamline...

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Despite the ongoing impact of COVID-19, OakNorth Bank continues to see strong lending opportunities, approving £50m in new loans since lockdown began and £36m in CBILS loans
May13

Despite the ongoing impact of COVID-19, OakNorth Bank continues to see strong lending opportunities, approving £50m in new loans since lockdown began and £36m in CBILS loans

OakNorth Bank – the UK bank powered by OakNorth – has approved over £50m in new loans to UK businesses since the lockdown began, as well as a further £36m of its initial £50m allocation through the Coronavirus Business Interruption Loan Scheme (CBILS). As the UK enters its eighth week of lockdown, British businesses continue to feel the prolonged effects of the crisis on the economy. Whilst traditional lenders are retrenching from the...

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Fintech MarketFinance approved as CBILS lender to support UK businesses
May13

Fintech MarketFinance approved as CBILS lender to support UK businesses

Fintech business lender MarketFinance has today been accredited by the British Business Bank as a lender under the government-backed Coronavirus Business Interruption Loan Scheme (CBILS). The Coronavirus Business Interruption Loan Scheme is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the COVID-19 outbreak. The scheme enables lenders to provide facilities of up to £5m to smaller...

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TransUnion accelerates the expansion of its global fraud business and hires Shai Cohen to lead it
May07

TransUnion accelerates the expansion of its global fraud business and hires Shai Cohen to lead it

TransUnion today announced the creation of its Global Fraud & Identity Solutions Group, a move focused on uniting all aspects of the company’s fraud risk offerings, and the hiring of industry veteran, Shai Cohen, to lead the group. “For years TransUnion has been a leading force in fraud prevention with a steady stream of high-profile acquisitions, product innovations and industry hires,” said Tim Martin, executive vice president...

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Fidelity’s Maike Currie comment- Inflation
Jan17

Fidelity’s Maike Currie comment- Inflation

Commenting on today’s inflation figures, Maike Currie, investment director for Personal Investing at Fidelity International, said: “Mark Carney may be breathing a sigh of relief as the latest CPI figures reveal that inflation for December eased back to 3% meaning the Bank of England governor won’t need to pull out his pen to write another explanatory letter to the Chancellor.  The key driver behind inflation dipping was a fall in...

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UK Businesses Facing Global Freeze
Jan15

UK Businesses Facing Global Freeze

The late payment culture knows no borders. The proportion of UK invoices being paid late – and the amount of time taken to settle them by EU and USA firms – has risen dramatically between 2016 and 2017. Findings from business finance company MarketInvoice reveal that 73% of invoices sent by UK businesses to EU firms were paid late, up from 40.4% in 2016. Across the Atlantic, the number of invoices paid late by business in...

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Financial Services brings offshore jobs back to the UK
Dec12

Financial Services brings offshore jobs back to the UK

UK financial services companies are increasingly bringing their offshored operations back to home nations as companies are being affected by rising costs and lacklustre service in offshore regions, according to specialised recruiter Robert Half Financial Services. Despite the UK’s imminent departure from the EU, London remains the world’s No 1 financial centre and this increased level of onshoring could lead to more jobs being created...

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Creditspring raises £2 Million Investment and Establishes Advisory Board to fix UK’s Broken Consumer Credit Market
Dec12

Creditspring raises £2 Million Investment and Establishes Advisory Board to fix UK’s Broken Consumer Credit Market

Creditspring, the innovative consumer credit start-up, has taken two great steps forward in its mission to give people access to the credit they deserve. A successful investment round has yielded £2 million for product development, team expansion and market launch, with lead investor and BDT Capital veteran Chip Dunn becoming Non-Executive Chairman of the Board. At the same time, Creditspring has bolstered its bench strength through a...

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Societe Generale Launches its first Innovation Week in the UK
Nov07

Societe Generale Launches its first Innovation Week in the UK

Societe Generale today launched its very first Innovation Week in the UK, which will bring together staff, experts from the industry, and FinTechs to have open discussions to encourage collaboration, the sharing of ideas, as well as emerging opportunities. Based across three key themes, Tech Day, SG Innovation in Action and FinTech Day *, Innovation Week will showcase the bank’s progress and ambitions in terms of technological...

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Transferwise Drops UK Fees
Oct24

Transferwise Drops UK Fees

“Today’s move by Transferwise to drop money transfer fees for UK customers is a welcome one, especially in the face of massive unpredictability surrounding Sterling’s value in the last year.” “While Brits are losing £600 million per year in excessive international transfer fees, Monito welcomes any initiative to offer more affordable ways to send money. Thanks to its new pricing, Transferwise is now the cheapest way to send...

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WorldFirst launches new World Account to the UK
Oct24

WorldFirst launches new World Account to the UK

WorldFirst has announced the launch of its revolutionary new World Account to UK corporate customers, providing a range of international banking services that many SMEs trading overseas find impossible to access through traditional banks. The platform marks a new era in international banking making the process of managing finances across multiple currencies simpler, faster and cheaper than ever before. For businesses in pursuit of...

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Report: Open Data will provide Growth Opportunities for British Businesses
Oct19

Report: Open Data will provide Growth Opportunities for British Businesses

Yet despite increased usage, limited understanding and technical capabilities are proving to be barriers for adoption in the UK People in the UK are embracing Open Government Data, but are using it less effectively than other countries. That’s according to a new report launched today by the Economist Intelligence Unit and Singapore’s Government Technology Agency, which assesses how people around the world are using open data and the...

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Brits lag behind Americans when it comes to Embracing AI
Oct18

Brits lag behind Americans when it comes to Embracing AI

UK businesses show reluctance in implementing artificial intelligence in the workplace, according to research by SugarCRM Anticipation, scepticism and fear are holding more Brits than Americans back from embracing Artificial Intelligence (AI) in the workplace, according to a new study by CITE Research for SugarCRM. The research on business executives in the US and UK reveals that that Brits are lagging behind when it comes to adopting...

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Xero Surpasses Quarter of a Million Subscribers in the UK
Oct06

Xero Surpasses Quarter of a Million Subscribers in the UK

Milestone points to an integrated banking future for small businesses Today, at Xerocon, the UK’s leading cloud accounting software provider has announced it has surpassed a quarter of a million (253,000 as of 30 September 2017) small business subscribers in the UK. This achievement comes as the company extends its market-leading position in the UK, Australia, New Zealand, while expanding globally. Xero is strongly positioned for...

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Forex Comparison Site Aims to Stop UK SMEs from being Burned on International Transfers Fees
Oct06

Forex Comparison Site Aims to Stop UK SMEs from being Burned on International Transfers Fees

Small and medium sized businesses will be able to reduce the fee on every foreign transaction by up to 96% thanks to a new service by WhichFX.  Dubbed the world’s first live forex broker comparison site, WhichFX is eliminating the dependency on comparing currency rates, and instead is focusing on lowering the spread provided by foreign exchange providers. It has been well documented that the majority of banks, which service SMEs, are...

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UK Citizens Blind to how their Data is Used by Organisations
Oct06

UK Citizens Blind to how their Data is Used by Organisations

New Civica research finds only 11% of the UK public completely trust their local authority or the government to handle their data New research by Civica, a market leader in business-critical software applications, digital solutions and outsourcing services, reveals that many UK citizens are blind to the true use of their data. Thirty percent believe they always own their data even if they give it away and only half (51%) of UK...

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Global Leading Reinsurer and Insurtech Start-up Solving UK SMEs’ £5.8bn bad Debt Problem
Sep29

Global Leading Reinsurer and Insurtech Start-up Solving UK SMEs’ £5.8bn bad Debt Problem

Nimbla partners with Digital Partners, Munich Re to develop innovative platform to cover insurance gap in the market, for SMEs A reported £5.8bn bad debt write-off amongst all UK SMEs in the last financial year has spurred Nimbla, an insurtech start-up, to rethink how small companies manage their credit. The comprehensive Nimbla platform will provide SMEs with intelligent credit control and on-demand single invoice insurance using...

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Earning More and Working Less: the Rise of the ‘Silver Self-employed’
Sep28

Earning More and Working Less: the Rise of the ‘Silver Self-employed’

The ‘Silver Self-employed’ earn more and work fewer hours than their younger counterparts, according to findings from the ‘Definitive Study of the Self-employed’, commissioned by Intuit QuickBooks, the world’s leading online accounting software. The research of over 5,000 self-employed workers in the UK showed that the mean yearly revenue of over 65s in the last year was almost £40,000, whilst they work an average of 21 hours a week....

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