UK manufacturers are dangerously overstocked and could enjoy an average cash windfall of £102,000 as they recover from last year’s overstocking crisis according to new research released today. The Cashflow and Overstock report, by inventory management software provider Unleashed, analysed 381,000 products, ingredients and components stocked by over 1,800 firms across the UK, North America, Australia & […]
Regulated firms who continue to rely on manual methods of verification are risking the financial and reputational costs which accompany breaches of anti-money laundering (AML) regulations, an industry expert has warned. They are also wasting hours of business time on the very processes which make them more vulnerable to money-launderers. Martin Cheek, the managing director […]
Ecommpay, a leading international payments service provider and UK and European card acquirer, has implemented innovative graph analysis to strengthen its proprietary Risk Control Management System (RCMS). With this graph model, Ecommpay analyses fraud patterns and blocks not only one, but multiple fraudulent activities in a chain. This update also enables the RCMS to identify […]
Banks across North America and Europe are failing to publicly report on their approaches to responsible AI development, according to research from Evident, an independent intelligence platform that seeks to accelerate the successful adoption of AI in business. SVB’s collapse, First Republic’s bailout, and escalating concerns about Credit Suisse have thrust the issue of banking […]
Small and medium UK businesses are being held back post-pandemic 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 the pandemic accelerated technological change across the wider business sector. They warn that thousands of small and medium sized UK […]
ConTe.it Prestiti, a new venture in the credit sector of Admiral Group Italy, has partnered with Tink, Europe’s leading open banking platform, to offer customers in ConTe.itPrestiti’s network an improved and instant lending application process. ConTe.it Prestiti, a lending fintech platform, has embedded Tink’s Income Check product into its current offering, in order to make more accurate affordability assessments. Powered by open banking, Tink’s […]
Tech Nation, the growth platform for tech scaleups, has today published its final Tech Nation Report: How to build a scaleup, to shine a light on the state of UK tech and to provide a critical resource to an ecosystem facing a turbulent global economy, uncertainty and change. The report explores conditions for growth created […]
The UK has set out a new international technology strategy to become a tech superpower by 2030, capitalising on critical emerging technologies to grow the sector. The strategy will be led by the Department for Science, Innovation and Technology (DSIT) and the Foreign Secretary, and will be centred on four core principles, to be open, […]
NatWest Group is making its new Customer Attribute Sharing service available to businesses as an embedded digital ID solution after signing a deal with identity service provider OneID. The bank is rolling out the service, in collaboration with OneID, across a wide range of use cases, including e-document signing and digital onboarding. Powered by NatWest […]
Time Finance, the leading alternative finance provider, has announced its commitment to investing in technology to provide a market-leading service for asset finance brokers following a recent roundtable discussion with industry experts. The roundtable brought together a group of asset finance brokers to discuss market challenges, opportunities, and future priorities. Representatives from leading brokerages included […]
