SIA integrates request to pay services in Europe
by Ben Poole
The payment method allows beneficiaries to send a payment request in real-time to a payer through several digital channels.
Cash & Liquidity Mngm in Europe
Background
Banks and other suppliers in Europe offer some of the most advanced cross-border liquidity management solutions available today. There are now several locations in Europe for managing global…
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UK business confidence rising, but remains negative overall
by Ben Poole
Business confidence rose for the third month in a row in the latest Lloyds Bank Business Barometer.
Nordics bouncing back
by Ben Poole
An economic outlook from Nordea has shown that the Nordic countries are seeing a good recovery from the COVID-19 downturn.
UK SMEs outperform Q2 expectations
by Ben Poole
Research from Barclaycard reveals an average revenue decline of 14%, compared to a predicted drop of 28%.
European short-term MMFs hold limited share of corporate commercial paper
by Ben Poole
A Fitch report shows that of European CP holdings of €88bn, only €12bn was issued by corporates.
UK businesses battered by COVID-19
by Ben Poole
Two new reports reveal that UK companies have felt a stronger impact from COVID-19 than companies globally.
Eurozone banks break ground on the European Payments Initiative
by Ben Poole
The implementation phase of the EPI aims to create a new unified payment scheme and solution, as the ECB welcomes the development.
Cash flow forecasting importance highlighted in survey
by Ben Poole
The survey assesses the priorities of treasurers during the lockdown.
Trade credit crunch approaching for UK businesses
by Ben Poole
40% of companies in the UK are currently facing over £10,000 in unpaid B2B invoices.
UK banks: managing through challenging times with regulatory encouragement
by Ben Poole
A report from Scope Ratings suggests that while revenues will suffer, UK banks' support of the economy will earn them regulatory support.
UK emergency loan schemes under pressure as new lenders added
by Ben Poole
Allied Irish Bank, The Co-operative Bank and Starling Bank are to join existing Bounce Back Loan Scheme accredited lenders.
Crisis impact on European bank balance sheets revealed
by Ben Poole
A report from Deutsche Bank shows that banks' balance sheets grew substantially in March.
Protecting cash flow and payments during COVID-19
by Ben Poole
A blog from the ECB looks at how to support electronic payments, provision of banknotes, market infrastructures and cyber defences.
UK SMEs face £20bn HMRC furlough payments cash flow gap
by Ben Poole
An estimated 8 million salaries in the UK will be paid to furloughed employees every month between now and the end of June.
Starling Bank to support UK businesses through CBILS
by Ben Poole
The digital bank has been accredited by the British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme.
Sweden joins ECB’s instant payments settlement platform
by Ben Poole
ECB and the Sveriges Riksbank conclude agreement on settlement of electronic payments in Swedish krona on TIPS.
18% of UK SMEs set to collapse within 4 weeks without government help
by Ben Poole
The Corporate Finance Network, which carried out the research, has proposed a recovery plan.
COVID-19 threatens the business of traditional tourist destinations
by Ben Poole
A Deutsche Bank report looks at the economic impact of COVID-19 on European tourist hotspots and the companies that operate there.
Regulators rush to prop up economies and businesses
by Ben Poole
The financial consequences of COVID-19 are impacting access to credit, dollar liquidity, account filings, and much more.
Emergency UK government loans only appeal to half of business owners
by Ben Poole
MarketFinance research reveals 67% of UK businesses believe funds will not reach them in time.
Iwoca launches SME funding platform
by Ben Poole
OpenLending aims to support 2 million SMEs by 2023, through 14 fintech platforms.
Erste Bank enables instant payments in Hungary
by Ben Poole
Powered by valantic, the bank now offers real-time payments around the clock and request-to-pay in Hungary.
UnderPinned and Banked speed up contractor payments
by Ben Poole
The pair claim they can slash the time finance departments spend paying contractor invoices by 86%.
Monzo introduces business accounts
by Ben Poole
The Pro and Lite versions are designed for limited companies and sole traders.