With the ever-increasing digitalisation transforming the modern world, the European Central Bank (ECB) has raised the idea of launching a digital euro, which would assume an electronic form of currency accessible to citizens and companies alike. According to Marius Galdikas, CEO at ConnectPay, it seems like a high-potential bearing solution, which could greatly liberalize the […]
eCapital Corp (“eCapital”) a leading US alternative finance provider has completed the acquisition of Advantedge Commercial Finance (“Advantedge”). Advantedge provides invoice finance and cashflow solutions to over 800 UK clients, with funding lines up to £2m, employing 115 staff across five regional offices. Marius Silvasan, CEO of eCapital Corp, said: “This acquisition marks yet another […]
Pluto Finance has completed a £34m Purpose Built Student Accommodation (PBSA) development loan for the Bricks Group, to complete their development in Swansea, South Wales under their ‘true’ brand. The new student accommodation scheme is well located on Morfa Road, with excellent access to the bustling city centre, the university campuses and providing views over […]
The national law firm, Stephensons, has appointed two new solicitors to its family law department. Lorraine Baldwin joins the firm’s Manchester office. Lorraine is an experienced advocate and not only brings extensive experience of representing parties in care proceedings but was also formerly an award-winning senior solicitor at the Crown Prosecution Service where she handled […]
The City of London Corporation has commissioned MyKindaFuture, an HR tech company specialising in underrepresented talent, as one of three key Delivery Partners to support its new taskforce dedicated to improving socio-economic diversity at senior levels in financial and professional services across the UK. The new taskforce will oversee three work streams and will be […]
Leading sock and hosiery retailer SOCKSHOP are excited to announce the opening of a new store at Trinity Leeds. The new opening signals the retail expansion of the brand and joins the existing SOCKSHOP Store at the Manchester Arndale Centre, plus a host of concessions across the UK and it’s innovative and convenient sock vending […]
United Trust Bank has been named ‘Development Lender of the Year’ at the National Association of Commercial Finance Brokers (NACFB) Awards 2020. This year’s ‘virtual’ awards ceremony was held on the 26th November and 31 sought after awards were given to the Association’s Lender and Broker members recognizing industry excellence throughout 2020. All categories are awarded […]
UK employees believe they are wasting more than 40 working days a year each on routine tasks that could be done by technology, such as digital workers, according to new research from ABBYY investigating the impact of Covid-19 and automation technologies on office workers in the UK, US, France and Germany. While UK workers spend an […]
Today, PingPong announces its authorisation as an Electronic Money Institution (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This would make it the first Luxembourg-based B2B fintech, with offices in Hangzhou, New York, San Francisco, Japan and Hong Kong to achieve this feat in the EU after applying in December 2019. […]
According to the latest job market data from the UK’s leading independent job board, CV-Library, the number of job postings in November has dropped by -15.8% year-on-year and -1.1% from last month; modest figures considering the UK spent most of November in a second national lockdown. The job board analysed data from its site throughout November […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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