Mastercard announces three key financial firms as the latest companies to start using Mastercard Open Banking Protect, safeguarding organisations who manage customer accounts against compromised or unauthorised third-party providers (TPPs). Aion, DiPocket and Modulr have all signed agreements to use the Protect solution, which is a key component of Mastercard’s Open Banking Solutions™ portfolio of […]
UK cloud-based payment processor, Paymentology announces the expansion of its Middle East operation to meet the projected growth of digital banking in the region. With the appointment of Ashkay Patel as General Manager for the Middle East, and additions to the current teams based at the Dubai office and 24/7 contact centre in Pakistan, Paymentology […]
Companies hit hardest by social distancing will face high premiums and shares falling, according to new research by Christian Wagner and Josef Zechner from the Vienna University of Economics and Business (WU) and their co-author Marco Pagano from the University of Naples Federico II. The study found that in the viewpoint of investors, companies that […]
A new survey from SteelScout has found that more than 60% of professionals in the manufacturing industry expect the sector to recover from Covid-19 and return to business as usual by mid-2021. However, they highlighted issues in the wider supply chain which might impact the recovery, with almost 30% unable to access the materials they […]
lThe MCI mortgage club has appointed Zephyr Homeloans to its growing panel of specialist lenders for buy-to-let products. Zephyr supports a product range tailored for individual landlords and limited companies, including HMOs, multi-unit freehold blocks, flats above commercial premises and ex-local authority properties. MCI Club members will benefit from Zephyr’s application-fee-free approach. LTVs are available […]
UK banks are gearing up to 40% (circa £11bn) of loans from the Bounce Back Loan Scheme (BBLS) to potentially be written off as irrecoverable according to RSM, and all this at the expense of the taxpayer. Banks are already preparing and building their teams to pursue businesses that default on the BBLS, a scheme […]
The 102-year-old Warners Motor Group in Gloucestershire has seen soaring demand for motorhome rentals as holidaymakers plan UK trips because of restrictions on overseas travel. The family-owned firm was forced to close its showrooms and furlough most of its 75 staff during lockdown, but has kept its servicing and maintenance operations open for NHS vehicles […]
The number of UK businesses succumbing to cyber attacks has doubled in the last five years, with the sharpest spike in victim rates coming in the small-business community, according to Beaming, the specialist business ISP. Beaming’s five-year cyber security study, details of which are published in its Five Years in Cyber Security report, suggests that […]
Specialist asset-based lender Ultimate Finance is today announcing that it can offer Coronavirus Business Interruption Loan Scheme (CBILS) backed bridging finance products, following earlier accreditation by the British Business Bank for term loans alongside invoice finance facilities and asset finance. Property lending has been significantly impacted by the Covid-19 outbreak with the supply of finance […]
The Energy & Utilities Skills Partnership (the Partnership) has today stated its commitment to apprenticeships, as struggling industries and employers across the UK pause, or are forced to end their programmes. Nick Ellins, the Chief Executive of Energy and Utility Skills who sits on the voluntary Partnership’s leadership Council advised “Today’s announcement is no quick […]
