A recent survey conducted by the European P2P platform Robo.cash shows that nearly half of P2P investors take a platform’s business model into consideration, especially during the crisis. In particular, 42.8% of them are more confident in those operating within a group of companies. The business model of a P2P platform plays an important role […]
Artesian Solutions, a leading provider of client intelligence and risk solutions which boost frontline productivity in corporate and commercial banking, has today announced plans to assist the UK banking industry in response to the huge surge in demand as a result of the COVID-19 crisis. Artesian is offering free access for its subscribers to its […]
The use of cloud-based services has been gaining traction amongst a wide range of industries and businesses. According to Gartner, over the last couple of years, cloud companies have noted more than 17% growth. Additionally, as of 2019, 94% of enterprises are already using cloud services and this number is still expected to grow. As […]
Traditional banks will fall even further behind in market share and customer experience due to the global coronavirus pandemic, warns the CEO of one of the world’s largest independent financial advisory organisations. The comments from Nigel Green, founder and chief executive of deVere Group, follow research that the use of financial apps is up by […]
A consortium of fintech companies has formed to offer the government the ability to speed up the allocation of SME loans in response to Covid-19. It is designed to focus on small businesses that need up to £150,000 loans to stay solvent and manage cash flow, and is calling for £5bn government funding to kick […]
New data published by open banking platform Tink reveals that financial institutions in the UK are embracing the open banking opportunity more readily than their European counterparts. The survey, based on 290 senior decision makers at financial institutions in 12 European countries, found that three quarters (74%) of UK financial institutions today say they are […]
Already cash strapped SMEs across the country will be (up to) £20b out of pocket when the first round of salaries are paid to the 8 million people currently furloughed through the Coronavirus Job Retention Scheme (CJRS). Businesses must pay staff and then reclaim the money from HM Revenue and Customs (HMRC) online starting this […]
Growing competition and rising customer expectations are pushing banking and fintech markets towards introducing interdisciplinary functionalities and focusing on fast and efficient internal operations, leading them to become more digitised in the overall process. Additionally, the growing interest in digital banking could ease market-entry for new challenger banks. Anton Zujev, head of business development at […]
A specialist police unit funded by the banking industry has executed several warrants across the country in a crackdown on criminals sending scam text messages and emails exploiting the coronavirus outbreak. The Dedicated Card and Payment Crime Unit (DCPCU) is made up of officers from the City of London Police and Metropolitan Police and is […]
In March, the Chartered Trading Standards Institute (CTSI) warned about a new HMRC-branded scam text claiming that the government are offering lump-sum payments “as part of its promise to battle COVID-19.” Each text specified a particular sum and asks the recipient to tap the link to a bogus website which requests payment details from the […]
