Brent crude gains lose some steam after initially jumping on news of the production cut from Saudi Arabia. Dollar strengthens after stronger than expected labour market snapshot raises expectations that higher interest rates will hang around for longer. Japan’s Nikkei hits a fresh high after a weaker yen and appetite for tech boosts stocks such
Plug-and-Play Finance specialist, Weavr, has announced a new collaboration with Visa, a world leader in digital payments. The collaboration aims to accelerate the adoption of embedded finance solutions among B2B Software-as-a-Service (SaaS) companies. Embedded finance enables B2B software businesses to integrate financial services into their software to augment their existing product offerings or launch entirely
The last few years have been a particularly torrid time for automotive supply chains, with the unprecedented challenges of the pandemic, geopolitical disruption and economic upheaval coming just as the sector braces for its most radical transformation in more than a hundred years. The wholesale transition of products, people and processes required to deliver net
Young Brits are significantly more likely than others in Europe to prioritise digital over physical in-person services when choosing a bank or lender, new research has found. The findings – commissioned by CRIF, Europe’s leading provider of digital transformation for financial services – found only one in five (21%) of those aged 18-34 in the
Online fraud and financial crime prevention platform, SEON has released its latest ‘Global Banking Fraud Index’, which analyzes the cost of fraud to banks and other financial institutions around the world in 2023. Notably, the new review by SEON highlights the following: The value of the global neobank market rose nearly $20bn over 2022 despite
Aldermore today increases the rate on its Easy Access business savings account, helping UK SMEs get one step closer to realising their savings goals. The following increases to business savings products are available immediately: Easy Access (all issues) to increase from 2.30% to 2.75% (new monthly rate is 2.72% and new AER is 2.75%) Ewan
The UK is finally reaping the much-vaunted benefits of post-Brexit trade deals. The international delivery specialist ParcelHero says tariffs were dropped on all UK goods exports to Australia and New Zealand on 1 June. The UK has also signed trade pacts with US States, with the latest being Oklahoma. Tariffs on all UK goods exports
SME Finance, the fintech reinventing growth financing for small- and medium-sized enterprises, announces today its expansion into the Netherlands. By catering directly to the Dutch market, this expansion not only marks a major step forward in SME Finance’s broader availability throughout Europe but will drive growth and improve financing access in the country. This Dutch
The IoD Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, stabilised at -6 in May 2023, little changed from the previous month’s value of -5 and ending a five-month climb from a low of -64 in November 2022. The current reading is a broadly neutral-to-negative stance, with 39%
GTP, a specialised provider of prepaid and virtual card processing solutions, and InTouch, a leading pan-African fintech, have joined forces in a strategic partnership to democratise access to card credentials for millions of consumers across Africa. This collaboration aims to bridge the gap between digital payment platforms and card-based transactions, giving InTouch customers access to
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Edition 307 – May 2023Another planet By Business Money group editor Robert Lefroy Receivables 2022...
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