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.
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 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.
UK SMEs optimistic about 2020 growth following a strong performance last quarter
by Ben Poole
Barclaycard’s inaugural SME Barometer shows SMEs predicting an annual revenue to rise of 6.3% on average this year.
BNP Paribas plans corporate pilot of virtual account management platform
by Ben Poole
The platform goes beyond the bank's previous efforts in the virtual account space.
Commercial cards trump petty cash for UK businesses
by Ben Poole
HSBC data finds UK businesses increasingly opting for commercial cards for their day to day spending and expenses.
Dynamic cash management discourse hits London
by Ben Poole
The ACT Cash Management Conference in London tomorrow will cover a range of critical treasury issues.
Cashfac cash flow forecasting app adds open banking functionality, rebrands
by Ben Poole
Under the SlideBy name, the app now connects to four UK banks
The changing art of procurement negotiation
by Ben Poole
Data reigns supreme as new generation modernises the approach to supplier talks.
Swedbank, SIA and TietoEVRY partner on instant payments
by Ben Poole
Over 30 million instant payments have already been executed.
Value of UK exports to non-EU countries rises in 2019
by Ben Poole
Over the past three years, UK exports to Asia and the US grew faster than sales to the EU.
Silicon Valley Bank brings virtual cards to the UK
by Ben Poole
The bank's partnership with Mastercard is designed to provide a flexible working capital solution to UK corporates.
Metro Bank to enable SME direct debits as Bacs member
by Ben Poole
The bank's business customers will be able to create, collect and manage payments via Direct Debit.
Nordea economic outlook: Proceed with caution
by Ben Poole
While certain downside risks have receded, global geopolitics continues to cast a long shadow.
Nordic outlook: Short-term relief but long-term risks
by Ben Poole
A report from SEB notes cautious regional growth set against a backdrop of political uncertainty and supply-side constraints.