18% of UK SMEs set to collapse within 4 weeks without government help
The Corporate Finance Network, which carried out the research, has proposed a recovery plan.
Europe
Flux and Pleo partner on digital expense management
The duo say they will provide the UK’s first fully-automated, invisible expensing experience for businesses.
Calls for changes to UK’s Coronavirus Business Interruption Loan Scheme
OakNorth Bank has suggested a number of changes to CBILS in order to better support UK businesses.
Central Bank of Cyprus running new TMS
The MAPS TMS for central banks is provided by Banque de France and Banco de España.
EBA seeking to mitigate financial crime risks during COVID-19
The European Banking Authority has outlined AML/CFT efforts that competent authorities should be promoting to financial institutions.
Pandemic casts shadow over UK Payment Systems Regulator’s annual plan
The PSR's annual plan and budget were formulated before the COVID-19 crisis.
New BSI standards cover supply chain management, biz continuity and more
The risk and business continuity standards are designed to help UK firms not drop the baton as they deal with COVID-19.
Emergency UK government loans only appeal to half of business owners
MarketFinance research reveals 67% of UK businesses believe funds will not reach them in time.
Iwoca launches SME funding platform
OpenLending aims to support 2 million SMEs by 2023, through 14 fintech platforms.
FCA requests delay to forthcoming announcement of preliminary financial accounts
The Coronavirus crisis is impacting firms' ability to give due consideration to disclosures.
Swedbank money laundering case: Bank accepts Clifford Chance report
The law firm was retained in 2019 to investigate the bank's AML work.
FED and BoE outline COVID-19 corporate support efforts
Both central banks have launched temporary commercial paper facilities to support businesses.
Calls for cross-sector cooperation to tackle authorised push payment fraud
UK Finance data shows APP fraud losses rose to £456m in 2019, partly driven by criminals abusing online platforms to scam victims.
Erste Bank enables instant payments in Hungary
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
The pair claim they can slash the time finance departments spend paying contractor invoices by 86%.
Monzo introduces business accounts
The Pro and Lite versions are designed for limited companies and sole traders.
HSBC UK’s voice biometrics prevented £400m of attempted fraud
The bank says VoiceID registered twice as many attempted fraud hits in 2019.
ABN AMRO targets €2.5bn green bond holdings
The bank aims to hit this target in its liquidity portfolio by 2022.
ING joins funding round for natural language processing firm
The partnership allows the bank and Eigen Technologies to work together when implementing use cases through data and process analysis.
COVID-19 impacts on European banks
A report from Scope Ratings says that pre-existing financial health matters as European banks await the economic impact from the virus.
Lloyds Banking Group announces collaboration with Google Cloud
The partnership is part of the bank's digital transformation programme.
SIX selects KYC platform to assess supplier risk
The Swiss stock exchange operator hopes to strengthen its procurement process.
Greenwich leaders in both European and Asian large corporate banking and cash management announced
Challenges for European companies creates opportunities for corporate banks, while commoditisation shifts the Asian landscape.
Broadridge completes acquisition of FundsLibrary
The firm says the acquisition will help asset managers meet UK and EU regulatory requirements.