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Six ways financial services will adapt to BigTech in the UK market

Six ways financial services will adapt to BigTech in the UK market
Spend a few moments watching the counter at any coffee shop in the UK and it will not be long before a customer reaches for their phone instead of their wallet to pay for a morning espresso.According to UK Finance, 16% of adults are now signed up to make mobile payments. That’s over eight million people. More will follow as COVID-19 increases the... ↪ read more...

OakNorth’s UK bank has approved £600m in loans since March

OakNorth’s UK bank has approved £600m in loans since March
OakNorth Bank – the UK bank operated by fintech OakNorth – has approved £600 million in new loans since 23 March.The bank has approved an average of £150 million in new loans each month since the start of lockdown.The British Business Bank (BBB) has given OakNorth an additional coronavirus loan allocationThe fintech has accreditation under the... ↪ read more...

Savings app for first-time house buyers Nude is raising £3.5m

Savings app for first-time house buyers Nude is raising £3.5m
Nude, a UK fintech offering first-time home buyers a savings account, is raising £3.5 million in a seed funding round.The Glaswegian start-up is securing capital on Seedrs, a London-based equity crowdfunding platform.Nude has already delivered its beta app to 1,000 early testersOne of its co-investors is the government’s Future Fund, which matches... ↪ read more...

Contractor Covid tests show 53% have had virus

Contractor Covid tests show 53% have had virus
Fit out contractor Collins Construction has confirmed a 53% positive rate after employees, their families and subcontractors were offered Covid-19 antibody tests.The firm linked-up with the private Corona Test Centre to test 231 people last week.Full results shared with the Enquirer show 53% of the tests – which show if you have already had Covid-19 –... ↪ read more...

Europe battles on with digital tax plans despite US walk out

Europe battles on with digital tax plans despite US walk out
The European Commission (EC) has reaffirmed its commitment to a global digital tax on big technology companies such as Amazon, Facebook and Google, despite the US quitting talks last week.On 17 June, the EU’s talks with the US broke down after US treasury secretary, Steven Mnuchin, walked out and said the talks had not made any progress, as reported by... ↪ read more...

Chinese modular giant winds up main UK business

Chinese modular giant winds up main UK business
International modular buildings giant China International Marine Containers has wound up its main UK business.CIMC Modular Building Systems built around a dozen projects here including several Travelodge, Premier and Hilton hotel projects as well as student accommodation schemes.The main UK business, CIMC Modular Building Systems and its development arm... ↪ read more...

Latest government advice on safety site working

Latest government advice on safety site working
The Department of Business, Energy and Industrial Safety has issued its latest updated guidance on safe working on construction sites during the Covid-19 crisis.It is now recommending that staff are kept two metres apart “as much as possible”.The full guidance states: “Construction work plays an important role in ensuring public safety and the... ↪ read more...

Charting a Course Through Disruption to English Law Contracts Caused by Covid-19

Charting a Course Through Disruption to English Law Contracts Caused by Covid-19
The scale of disruption to contractual relationships caused by Covid-19 stands to be significant and widespread. In order to assist businesses analyse their position under English law contracts, we have produced a road map outlining the key issues.However, in summary, the core issues we highlight for consideration are set out below. In respect of each, our... ↪ read more...

Transforming corporate treasury: What lies ahead and what is the impact of Swift gpi?

Transforming corporate treasury: What lies ahead and what is the impact of Swift gpi?
The future of corporate treasury today is umbilically linked to the future of cash management: Swift gpi proves it. The global payment visibility the standard brings, in addition to its speed and high data quality, is completely transformative for international cross-border settlements.Gpi accomplishes this by resolving many of the frustrations that have... ↪ read more...

Empathy can also be financial

Empathy can also be financial
In the past two weeks we have entered perhaps to most surreal experience in any of our lives. I think intuitively many of us believe it may be a more lasting impact than just “60 days at home,” which is why we almost have a nervous laughter when we call (Zoom!) somebody we haven’t spoken to since before the crisis and acknowledge how bizarre we all... ↪ read more...

Apply online for a bad credit loan in the UK

Apply online for a bad credit loan in the UK
Do not use your current credit company for a refinancing loan: Unlike mortgage refinance loans, the majority of car lenders do not offer refinance loans to existing customers with car loans.The advantage message is, you can actually discover debt institution that product single with organism with transgression approval. These credit companies don't really... ↪ read more...

Filling in the Power of Attorney form

Filling in the Power of Attorney form
Here are some useful hints and tips for where to get a Power of Attorney form and how to fill it in.Where can I get a Power of Attorney form?Setting up a Lasting Power of Attorney is straightforward. You can do it through: Which? Wills: we have a Power of Attorney Selector to help you get the right Power of Attorney document; from there you can then... ↪ read more...

We need to talk about dyslexia at work

We need to talk about dyslexia at work
52% claimed to have experienced discrimination during interview or selection processesThe legal protections for dyslexic workers are better if the employer is aware of their dyslexia - IdeNeurodivergent employees are an untapped potential - EvansDyslexia affects more than 10% of people. Yet policies for dyslexic employees are patchy. Some workplaces, from... ↪ read more...

What Facebook’s Libra currency means for your small business

What Facebook’s Libra currency means for your small business
Libra, the new Facebook currency, could do away with pricey credit card transaction fees for retailers if Facebook's 2.4bn users worldwide support its push into paymentsLibra is the new cryptocurrency that Facebook plans to launch worldwide in 2020 that will enable its 2.4bn users worldwide to pay for goods and services or send money worldwide with no... ↪ read more...

70% of businesses put investment on hold because of Brexit uncertainty

70% of businesses put investment on hold because of Brexit uncertainty
Over one third of companies find it difficult to recruit the right staff, according to latest Federation of Small Business surveyPolitical uncertainty is the key barrier in business expansion and boosting productivity levels.Finding staff is also proving difficult, with 35pc of small businesses struggling to find appropriately skilled employees. That’s the... ↪ read more...

Rail user satisfaction at 10-year low

Rail user satisfaction at 10-year low
Passenger satisfaction with rail services has fallen to a 10-year low, according to the independent transport watchdog, Transport Focus.A survey of 25,000 people found 79% were satisfied overall with services, the lowest since 2008, with more than one in five passengers not satisfied.Worsening punctuality, last summer's timetable chaos and strikes are among... ↪ read more...

The UK`s biggest estate agent is working with Google's former UK MD to build an online mortgage broker

The UK`s biggest estate agent is working with Google's former UK MD to build an online mortgage broker
Online mortgage broker Dynamo is launching in the UK.The startup is backed by Countrywide, the UK's largest estate agency group, and venture builder Blenheim Chalcot.Dan Cobley, Google's former UK MD and Blenheim Chalcot's head of fintech, is chairman.ClearScore, another startup founded by Blenheim Chalcot, sold for £275 million last month.LONDON — A new... ↪ read more...

Campaign urges people to recycle dead batteries

Campaign urges people to recycle dead batteries
Major high street retailers have joined forces to encourage people to recycle their used household batteries as a new poll revealed that more than half of respondents admitted they throw them in the bin.Asda, B&Q, Currys PC World, Marks & Spencer and Morrisons are all backing the drive to make it easier for consumers to recycle dead batteries and... ↪ read more...

Banks have the best family-friendly policies, study reveals

Banks have the best family-friendly policies, study reveals
Firms praised by the charity offer flexible and family-friendly policies, such as allowing staff to work from home, flexible hours and time off for events or emergenciesBanks dominate a list of employers with the best family-friendly policies, a new study shows.Organisations leading the way in building flexible arrangements are praised by work-life balance... ↪ read more...

UK businesses urge May to seek three-year Brexit transition

UK businesses urge May to seek three-year Brexit transition
(Bloomberg) British business leaders urged Prime Minister Theresa May to seek a three-year transitional period after Brexit, warning failure to secure more time would jeopardise "our collective prosperity."In a letter organised by the Confederation of British Industry, executives from 120 businesses with more than one million employees again warned of a... ↪ read more...


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