Caliber, a global data provider for stakeholder tracking, today announced the release of its 2023 Financial Services Reputation Report. The report, which provides a global snapshot of how financial institutions are perceived, surveyed over 10,000 consumer respondents globally between January and May. This year’s report compares results to the company’s survey from 2021. Key highlights of the […]
Upbeat sentiment prevails despite the US considering fresh chip curbs and Chinese data disappointing. US indices closes on a high as the economy shows signs of strength, but chip firms Nvidia and AMD lose ground in after-hours trading. FTSE 100 opens higher, taking a cue from Wall Street amid hopes US economy will avoid a […]
Pepper Money has repriced rates, reduced fees and simplified products on its residential mortgage range. These changes were made following the Bank of England’s recent decision to increase the base rate and the continued volatility in the swap rate markets. The specialist lender has streamlined its offering of Pepper 48 products to cater to more […]
Avid Panda has analysed data from Companies House to find the number of new businesses that were incorporated between January 2018 and January 2023 and compared that to the number that have gone into administration, liquidation, or are now dissolved. The research revealed that Newry is the UK city with the least successful new businesses, […]
The global payment market is growing while UK banks are ordering less cash, indicating the growing popularity of cashless payments. With mobile payments rising, there are strong indicators that the UK is rapidly shifting away from physical payment options, preferring the simplicity of mobile payments. This is especially prevalent in London as commuters make the […]
NatWest, the UK’s biggest bank for business, is offering 24 months of free business banking to UK businesses switching their main business banking account to NatWest. The new SME switcher offer from NatWest for businesses with up to £2m in turnover comes at a time when customers could benefit from a reduction or break in […]
The Jewish Lending Institute has been launched to “educate and regulate kosher lending within the UK financial services sector”. The organisation has been founded by Maxim Cohen, an award-winning finance specialist and CEO of the mortgage advisory firm, The UK Adviser Group. According to the Torah and Jewish Law, money lent from a Jewish-owned lender […]
The UK economy could secure a £31bn boost from the widespread adoption of generative Aim according to new research from KPMG. The UK’s struggling economy could benefit from a much-needed £31bn boost from the widespread adoption of generative AI, says the report. According to the ‘Big Four’ firm, generative AI is set to increase UK […]
The UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”), has acquired Aldermore’s Working Capital Finance division as it continues to grow its support for UK SMEs. The move will see Working Capital Finance clients and colleagues integrate into BFS operations over the coming weeks. Derek Ryan, UK managing director of Bibby Financial Services […]
UK retail spending was down 3% year-on-year from January to March, as we move deeper into the prolonged rise in the cost-of-living, according to a new report from advertising platform, Cardlytics. The State of Spend report, based on the spending habits of over 20 million UK bank cards, and polling of 2,000 UK consumers shows […]
