IT development news

11/04/2024

Encompass Corporation joins regtech platform from Innovate Finance and City of London Corporation

Innovate Finance, City of London Corporation and Encompass Corporation are among the industry-leading bodies and vendors that have formed a regtech platform to supercharge industry acceleration, tackle key challenges and give a strong voice to regtech providers. Today, financial services organisations can face complex challenges when beginning their journey of exploring regtech solutions, including lacking […]

10/04/2024

Technophobia threatening the future of SMEs

Small and medium UK businesses are being held back by a reluctance to adopt new technologies, experts have warned. Experts from TelephoneSystems.Cloud have warned that the future of many SMEs is at risk after recent technological changes across the wider business sector. They warn that thousands of small and medium sized UK businesses are struggling […]

05/04/2024

Finspire Finance: Achieves professional credibility with Doc2

Finspire Finance, a dynamic commercial finance broker, faced significant challenges with document management and compliance, impacting their ability to build trust with new clients. Their manual processes were not only time-consuming but also prone to errors, casting a shadow on their professionalism in the eyes of potential prospects. The implementation of Doc2, provided by their […]

26/03/2024

UK takes the lead in Europe for cybersecurity performance

Companies with advanced cybersecurity performance create 372% higher shareholder return compared to their peers with basic cybersecurity performance, according to a new report from Diligent and Bitsight. The report also reveals that highly regulated industries, such as healthcare and financial services, have the highest cybersecurity ratings, and companies with either a specialised risk committee or […]

22/03/2024

SmartSearch secures significant investment to fuel ambitious growth plans

SmartSearch, a leading UK provider of digital compliance and anti-money laundering (AML) software, has today announced it has signed an agreement to receive a significant equity investment from Triple Private Equity. With its investment, Triple will now take a majority share in the business and will work alongside the existing management to deliver on the […]

20/03/2024

New research from Brite Payments on the rise of pay by bank

The way consumers pay is changing, and Pay by Bank is emerging as an appealing choice, ranking as a top three payment method in the UK, Netherlands, Finland, Spain and Germany. A new report, based on research conducted by YouGov and , a leader in instant bank payments and one of Sweden’s leading fintechs, details […]

19/03/2024

Regulated firms exposed to serious red flags without new business verification checks

Regulated firms that take on new business clients are leaving themselves exposed to serious red flags by not completing critical verification checks on the people running the business, new survey data has uncovered. More than half (59%) of the regulated firms questioned by SmartSearch said that they do not always carry out these essential checks, […]

18/03/2024

Fintech: LATAM leads for start-up environments, says Lanistar

A recent report from Statista has highlighted a burst in fintech growth across the Latin American (LATAM) region in recent years, where over 2,200 fintechs are approximated to offer services to customers. The report highlighted the region’s great appetite for seamless, accessible and transparent services, and how, thanks to thanks to high internet penetration, fintechs can cater to the […]

15/03/2024

NatWest invests in Icon Solutions reinforcing commitment to payments modernisation

NatWest has announced a strategic minority investment in Icon Solutions, a leading fintech provider of payments technology and consultancy services. The investment follows the news last September that NatWest selected Icon Solutions Payments Framework (IPF) to accelerate the bank’s payments modernisation. Launched in 2020, IPF is a low code payment framework that empowers business payment […]

15/03/2024

KPMG and Databricks form strategic alliance

KPMG UK has formed a strategic alliance with Databricks, a leader in data and artificial intelligence. The alliance will help the firm’s clients get the most out of their data and AI and empower them to innovate at a faster pace. Generative AI could add an additional £31bn to the UK economy per year, according […]

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