Articles with tag: lockdown

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Open Banking reaches 2 mln UK-based users

28 Sep 2020 | Online & Mobile Banking

The Open Banking Implementation Entity (OBIE) has reported that after six months since the 1 million user milestone has been reached, the UK user base increased to 2 million.

Open Banking, UK, United Kingdom, Open Banking Implementation Entity, OBIE, disruption, covid-19, fintech, ecosystem, lockdown, online banking apps, open banking adoption, CMA9, banks, Starling Bank, Monzo, money management apps, account aggregation, use cases, NatWest, Nutmeg, bank transfers, open banking payments, sort codes, account numbers

Responding to the pandemic: future trends in global payments

28 Sep 2020 | Ecommerce

Wei Zhihong of UnionPay International takes a close look at the ecommerce trends that emerged during the COVID-19 pandemic and how will the industry look like from now on.

Wei Zhihong, UnionPay International, Payment Methods Report, ecommerce, online payments, ecommerce payments, lockdown, online transactions, on-demand delivery, pandemic, ecommerce platform, electronic payments

OakNorth Bank lends GBP 220 mln through CBILS and CLBILS

13 Aug 2020 | Payments General

OakNorth Bank has lent over GBP 220 million through the UK Government’s CBILS and CLBILS business stimulus package, according to AltFi.

OakNorth Bank, CBILS, CLBILS, UK, United Kingdom, business stimulus package, loans, allocation, British Business Bank, pandemic, lockdown, bank, lending

SignD secures EUR 1 mln growth capital from primeCROWD investors

27 Jul 2020 | Digital Identity, Security & Online Fraud

Austria-based KYC services provider SignD Identity has received EUR 1 million in new growth capital from the primeCROWD investor network. 

SignD, growth capital, investment, primeCROWD, digitisation, covid19, lockdown, Austria, KYC, proof of identity, regulatory standards, banking, identity, consumer enrolment, digital onboarding, AML, PEP, QES

Sberbank may be able to write off USD 2 billion state loan - Reuters

22 Jul 2020 | Payments General

Sberbank may be allowed to write off USD 2 billion in a subordinated loan from Russia’s Central Bank as part of the state’s support for its largest bank during the COVID-19 crisis, according to Reuters.

loans, Covid-19, financial services, Russia, lockdown, Sberbank, Russia Central Bank, finance ministry

Sidetrade Unpaid Invoice tracker: what the pandemic has taught us

21 Jul 2020 | E-invoicing, SCF & E-procurement

With billions of euros tied up in unpaid invoices during lockdown, Rob Harvey, Global Director at Sidetrade, shares learnings about B2B late payment across Europe based on the findings of Sidetrade’s Unpaid Invoice tracker

AI, invoicing, late payments, lockdown, digitalisation, coronavirus, study, Sidetrade, Sidetrade Unpaid Invoice Tracker, cash flow, liquidity, businesses, the Netherlands

European consumers unable to access financial services during lockdown, Signicat study

07 Jul 2020 | Digital Identity, Security & Online Fraud

41% of consumers across Europe have been unable to access new financial services due to pandemic lockdown restrictions and lack of access to digital options, according to Signicat research.

Signicat, digital onboarding, digital identity, lockdown, digital banking, financial services, digital onboarding, study

Crisis and lockdown: How some markets are playing their cards right

30 Jun 2020 | Digital Identity, Security & Online Fraud

Nicolas Engel, Director, Managed Risk Solutions at CyberSource, explores how businesses have best adapted to the new COVID-19 normal, and sees how agility is a decisive factor in this uncertain world

Nicolas Engel, CyberSource, COVID-19, coronavirus, pandemic, lockdown, IATA, travel, airlines, identity, fraud, fraud rate, fraud management, behaviour, risks, payments, IP address, data, merchants, fraudsters, contactless payments, online payments, POS

COVID-19 pandemic boosts crypto trading in Russia

08 Jun 2020 | Cryptocurrencies

A rise in Bitcoin trading across Russia has been revealed by a study performed by several Russia-based crypto exchanges since March 2020 amid the COVID-19 lockdown.

Binance, Garantex, Russia, EXMO, cryptocurrency, cryptocurrency exchanges, Bitcoin, COVID-19, lockdown, Bitcoin trading

Uber signals recovery in rides as lockdown restrictions ease

05 Jun 2020 | Ecommerce

Uber Technologies has affirmed that trip requests are gradually picking up, but still remain significantly below prior year levels, as several countries start to lift the COVID-19 restrictions.

Uber, rides, lockdown, restrictions, COVID-19, pandemic, coronavirus, ecommerce, Uber Eats, food delivery

Invoice finance demand to surge after lockdown

22 May 2020 | E-invoicing, SCF & E-procurement

Ireland-based invoice finance providers have announced demand growth expectations as companies reopen after virus lockdowns.

Invoice finance, lockdown, IAIFA, Ireland, SME, credit lines, revolving credit facility, lender, debtor, interest, loans, overdrafts, pillar banks, AIB, Bank of Ireland, Ulster Bank, Bibby Financial Services, Capitalflow, Close Brothers, Grenke Finance

OakNorth Bank approves over GDP 86 mln in loans amid lockdown

13 May 2020 | Payments General

UK-based OakNorth Bank has approved over GDP 50 million in loans, as well as a GDP 36 million allocation through the Coronavirus Business Interruption Loan Scheme (CBILS). 

OakNorth Bank, lockdown, loans, UK, United Kingdom, CBILS, coronavirus business interruption, loan scheme, traditional lender, SME lending market, pandemic, business support

Amazon launches Pay Later in India

29 Apr 2020 | Mobile Payments

US-based tech company Amazon has introduced a new credit service called Amazon Pay Later in India. 

Amazon, Amazon Pay Later, Amazon India, KYC, credit service, lockdown, mobile payments