Sections
Brexit
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885B2B PaymentsGovernment Procurement Preps For No-Deal Brexit
The U.K. is making preparations in case a Brexit deal doesn’t go through by the March 2019 deadline. In July, Brussels rejected the U.K.’s proposals...
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1.7KInternationalBank Of England’s Carney Signals He Will Stay On Past His Term
With the U.K. gearing up to leave the European Union, the country got a little bit of stability when Bank of England...
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1.5KBrexitNo Brexit Could Prompt No Payments From UK
Britain could potentially withhold some payments to the European Union if a deal to help the country leave Brexit doesn’t happen before...
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1.9KInternationalSwedish Krona Continues To Fall Amid Other Currency Upheavals
The currency decline continues: The Swedish krona fell Wednesday (Aug. 29) against the euro, the fifth straight day that has happened. The...
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1.3KInternationalUK Bank Acct Services At Risk Post-Brexit
Britons residing in the European Union (EU) may no longer have access to bank account services and businesses in the EU if...
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2.2KSizzle/FizzleMarketplace Merchants Sing The Blues
There’s a lot of sizzle in marketplaces. In fact, they have made tiny businesses into big ones, as even the tiniest one-man operation...
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1.9KB2B PaymentsHitachi Finds Surge In Entrepreneurs Fearing Collapse
Hitachi Capital Business Finance has found a surge in the portion of small and medium-sized businesses (SMBs) that fear collapse of their...
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1.5KB2B PaymentsSmall Firms Up Global Trade Volume Despite FX Threats
New data from WorldFirst shows small businesses (SMBs) in the U.K. are pressing past threats looming from Brexit and increasing their global...
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1.6KEuropeBrussels Rebuffs UK Post-Brexit FinServ Plan
Brussels has rejected the U.K.’s proposals on how to govern London’s access to the European market after Brexit. According to the Financial Times,...
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3.1KB2B PaymentsA Global View Of Small Business Optimism
What’s it like to be a small business owner? It depends where one is based, according to the latest data. In Europe,...
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2.6KPartnerships / AcquisitionsFinTech And FIs, Paired And Global, Sandbox By Sandbox
A whopping $613 billion in cross-border B2B payments is nothing to sneeze at, and the Banking Circle buyout gives the nod to...
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3.7KBank RegulationBad Loans Slow Banks In FinTech Race
FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority...
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2.2KBrexitUK To Launch Program Aimed At Keeping FinTechs In The Country
Aiming to prevent startups from defecting after London leaves the European Union, the U.K. government is offering startups a bunch of perks...
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2.7KB2B PaymentsCorporate Treasurers On The Lookout For FinTech, PSD2 And Brexit
Corporate treasurers gathered for the Association of Corporate Treasurers (ACT) annual conference last week, and there, treasury professionals made clear where their...
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4.0KRetailBank Won’t Lend To Malls In The U.K.
Amid a difficult year for retail in Britain, a large lender now says it won’t lend to shopping centers in the country. Deutsche...
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2.4KB2B PaymentsAmazon Says UK SMBs Feeling The Benefits Of Tech
Amazon U.K. released its latest survey of small business (SMB) sentiment in the country, finding an increase in confidence the company attributes...
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2.1KRegulationICOs On US Lawmakers’ Radar, As Ban Mulled
Initial coin offerings, or ICOs, have been on the receiving end of much criticism and a growing amount of regulatory scrutiny. Now...
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2.5KB2B PaymentsUK Corporates Brace For Weaker Sterling, Slower Economic Growth
Market volatility and uncertainties linked to Brexit seem to have hit corporate spending in the U.K. harder than expected, reports in Reuters...
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2.3KB2B PaymentsFinServ Executives Frustrated With Lack Of Regulatory Harmony
President Donald Trump and Brexit unsurprisingly dominate the conversation among executives surveyed by Duff & Phelps for its 2018 Global Regulatory Outlook...
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2.8KB2B PaymentsSMBs Feel Neglected By Banks — But Lack Unbiased Information To Switch
U.K. small businesses (SMBs) have made it clear they’re willing to switch financial service providers to access the financial services they need...
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2.2KB2B PaymentsIMF Warnings Could Dampen Small Biz Global Ambitions
Geopolitical volatility continues to rattle major markets like the U.S. and the U.K., but small businesses (SMBs) remain resiliently focused on expansion...
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4.7KInternationalMinister Of State On Ireland’s Post-Brexit Financial Services Landscape
Brexit looms large for Ireland amid trade and border concerns. But opportunity abounds, says minister of state Michael d'arcy, as financial services...
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2.7KB2B PaymentsBusinesses Idle As FX Volatility Hits Profits Hard
Analysts have been abuzz about the potential – and realized – impact of Brexit on businesses in the U.K. abroad, with far-reaching...
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4.7KRegulationRegulatory Tracker: Blockchain At The State Level, FinTech Sandboxes Go Global — Maybe
Blockchain at the State Level In legislative news, a bipartisan bill is making its way through Congress that urges government agencies to...
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3.1KB2B PaymentsBrexit Trade Deal Flop Could Mean $80 Billion Price Tag For Businesses
New analyst estimates say the cost of Brexit without a negotiated trade deal will cost businesses on both sides of negotiations billions...
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1.6KInternationalEU To Give Crowdfunding Startups A Passport
The European Commission floated the idea of issuing so-called “passports” for crowdfunding startups in an effort to drive growth in the financial...
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3.2KB2B PaymentsBritain, EU Spar Over Rejected FinServ Trade Offer
Britain and the European Union continue to remain deadlocked in their efforts to negotiate a trade deal with financial services agreements included,...
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4.3KEuropeEU Proposed Law Aims To Make Friends With FinTech
As the European Union (EU) prepares for the U.K.’s exit from the bloc next year, the EU’s executive is set to propose...
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3.0KB2B PaymentsUK Endures 1.5 Million Decline In Global Traders
Researchers found a $1.5 trillion gap in available trade finance around the globe, a void that may be holding small and medium-sized...
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5.0KEarningsWorldpay Beats 4Q Estimates, Eyes eCommerce Growth
Worldpay reported results on Wednesday (Feb. 28) that beat analyst expectations, as transactions grew in the mid-single digits. Vantiv, based in the...
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1.9KB2B PaymentsBorrowing By UK Corporates At Three-Year Low
Reports in Bloomberg on Monday (Feb. 26) said that, according to new data, businesses in the U.K. are borrowing at their lowest...
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4.4KToday In DataToday In Data: Self-Employment, Finance Jobs And PayPal’s Woes
Today in PYMNTS data, self-employment is on the rise, finance jobs could shift out of the U.K. in the Brexit aftermath, Flywire...
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2.1KB2B PaymentsUK Banks’ Brexit Game Plan: Denied, With No Plan B
The financial services community is one of the most anxious when it comes to navigating the uncertainties of Brexit. U.K. financial institutions...
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4.6KB2B PaymentsUK Still Doesn’t Have A Post-Brexit Trade Plan
The U.K. government is facing criticism after reports surfaced that a long-awaited report on the nation’s trade plans for Brexit may never...
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2.2KBrexitBrexit Effect Reduces 37 Percent Of Financial Jobs In London
Brexit is being blamed for a 37 percent drop in new financial sector jobs available in London last month. According to Reuters,...
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6.1KB2B Payments
UK Warns Of Financial Crisis Threat If EU Blocks Brexit
Blocking the U.K.’s exit from the European Union could spark the next global financial crisis, according to warnings issued by two U.K....
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4.0KB2B PaymentsRegulatory Concerns Ease For The World’s CFOs
Chief Financial Officers (CFOs) have more on their plates than ever before. Financial management and strategy is now only part of the...
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2.2KB2B PaymentsUK’s BBB Ramps Up Asset-Based SMB Financing In Brexit Prep
The British Business Bank (BBB) has announced a $40 million commitment to provide U.K. small- and medium-sized businesses (SMBs) working capital loans...
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3.1KB2B PaymentsHelping New-To-Country Entrepreneurs Land On Their Feet In The UK
Ask any entrepreneur, and he or she will tell you that starting a new business isn’t easy. Now imagine moving to a...
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3.2KBanking
Paris Tapped As New Home Of The European Banking Authority
The European Banking Authority (EBA) has made a decision to move to Paris, France, a relocation that should increase the chances of...
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3.9KB2B PaymentsAs UK Readies For Open Banking, FinTechs Struggle With SMB Awareness
U.K. financial institutions (FIs) have been advised to comply with the EU’s Revised Payment Service Directive (PSD2) regulations despite Brexit, but the...
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2.9KRegulationEU Watchdog Regulates Use Of Foreign Credit Ratings
In the European Union, use of credit ratings that have their genesis outside the EU is about to get a little more...
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3.2KRegulationCity of London Asks For Bank Regulation Changes In Light Of Brexit
Regulators in the U.K. are being called on to keep banks competitive on a global basis once they exit the European Union...
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1.6KB2B PaymentsUK Suppliers To Lose EU Business, Survey Finds
U.K. suppliers could lose a lot of business from their EU corporate clients, according to a new survey by the Chartered Institute...
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3.3KLoansVolkswagen Applies For UK Banking License
German car manufacturer Volkswagen (VW) has confirmed it is in the process of applying for a U.K. banking license that will enable it...
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3.7KB2B PaymentsSMBs Split On Hard Vs. Soft Brexit Expectations, Survey Finds
A significant portion of small- and medium-sized enterprises (SMEs) surveyed by Bibby Financial Services expect a “hard Brexit” to occur — that is,...
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3.3KBrexitBofA CEO Sees Little Upside From Brexit
Brexit won approval from U.K. voters more than a year ago, but so far Bank of America (BoA) hasn’t seen any benefits...
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3.6KBrexit
Manufacturers, Uncertain On Brexit, Pull Back On Investments
If there’s one thing investors don’t like, it’s uncertainty. And that holds true for all types of investments, well beyond the stock...
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7.5KB2B PaymentsLondon Is Still Top FinTech Dog — And The Industry Wants It To Stay That Way
For all of the commotion about Brexit, it appears as though London’s reign over the world of FinTech may be secure —...
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3.2KB2B PaymentsCHAPS Payment Scheme Confident In Payments Rebound Post-Brexit
The U.K.’s Clearing House Automated Payments System (CHAPS) is forecasting growth over the next decade. In a report published Wednesday (Oct. 11),...
