There was a reported £15.3 million lost to fraud in the UK between November 2021 and January 2022, and with just a few days until Christmas Day, panic mode could be setting in this year. The good news is that it appears UK shoppers recognize the importance of increased fraud checks by lenders and banks. […]
Thought Machine, the cloud-native banking technology company, today announces that Bpifrance, the French public investment bank, is using Thought Machine’s cloud-native core banking platform, Vault Core. Bpifrance is the first bank in France to deploy Thought Machine’s modern cloud-native core banking platform, using Vault Core to deliver a new era of digital financial services to […]
The construction supply industry has won a major victory with the 30-month extension of the CE mark for building products. The government had planned to scrap the European system by the end of the year in favour of its own regime, the UKCA mark, which goes live in January 2023. However, the lack of UK […]
Business advisory firm, Quantuma has today announced it has entered into a strategic alliance with Sydney-based Insolvency expert, Cathro & Partners. The move follows the establishment of the firm’s offices in Singapore in April 2022, led by managing directors, Luke Furler and Ellyn Tan. Experienced team members from the UK are expected to arrive in […]
Black Friday brought retailers a small sigh of relief this year. Following months of consistent negative growth and against a backdrop of continued challenges, such as the cost-of-living crisis and postal strikes, retailers have collectively defied the odds and achieved +0.7% Year-on-Year (YoY) growth in November. While this figure is low and suggests some customer […]
Recent research suggests almost three-quarters of UK businesses are feeling resilient despite the exceptionally tough economic outlook. According to the latest RSM UK ‘The Real Economy Report’ 71% of middle market businesses say they are prepared to face the recession. While businesses seem confident in their ability to navigate the economic headwinds, RSM’s research showed […]
One of the country’s leading restructuring advisors is urging mid-market business owners not to ‘bury their heads in the sand’ and seek early advice amid soaring company liquidations. The warning comes as latest monthly insolvency statistics for November 2022 reveal formal corporate insolvency appointments are 21% higher than the previous year and 35% higher than […]
Barclays Eagle Labs and AccelerateHER have announced a new partnership aimed at bringing more women into entrepreneurship and levelling the playing field for female-founded businesses. The two organisations will work closely together to deliver the Barclays Eagle Labs Female Founder Accelerator Programme, supporting 40 innovative female-led businesses from across the UK. Participants selected for the […]
New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in October 2022 by 17% compared with the same month in 2021. In the ten months to October 2022, new business was 5% higher than in the same period in 2021. […]
UK Finance today releases its latest Business Finance Review which reports on the finance needs of small and medium-sized enterprises (SMEs). Our latest review shows the expected slowdown in lending to SMEs following a reduction in applications for finance – particularly loans – in the previous quarter. SMEs’ demand for finance continues to be muted […]
