The Know-it Blog

The Know-it Blog

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The Know-it team

Dec 29, 2020

Declan Leach

Business owner improving their business credit rating fast, for a brighter future

How to improve your business credit rating fast, for a brighter future

If you’re looking for help on how to improve your business credit rating fast, you’re not alone. It’s a question thousands of business owners ask because of how important it is to have a solid business credit score. Having a good business credit rating puts you in good stead for a successful future and gives …

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You’re not alone – 93% of organisations experience late payments

Nine in ten (93 percent) businesses are currently waiting on late payments from customers, according to new research. For medium sized enterprises with 50 to 249 staff, those waiting on late payments rises again to 94 per cent. Interruption of cash flow can be a result of delayed payments that negatively impact a business’ income …

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12 Scottish Businesswomen Named as AccelerateHER Awards Finalists

The competition winners will be announced at the Regional Finals in March 2022. 12 inspiring female founders have been named as this year’s AccelerateHER awards finalists in partnership with Barclays Eagle Labs. The influential Scottish women have been shortlisted for their aspirational work in fields of Science and MedTech; FinTech, Data Science and Cybersecurity; CleanTech, Climate and …

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15 Scottish Tech Companies to Watch in 2022

With 2022 set to be an exciting year for Scottish tech, DIGIT explores some of the companies expected to grab headlines. Many Scottish tech companies will have entered 2022 with a new-found sense of optimism and excitement. Despite challenging conditions, the Scottish tech sector performed well in 2021, with several notable acquisitions, expansions and investment deals. Statistics published by Dealroom in December revealed …

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Scottish EDGE invests £1.5 million into 42 businesses

Growth funding competition receives hundreds of pitches during two-day event. Scottish EDGE has invested in a total of 42 businesses with entrepreneurial potential, breaking its investment record with a total of £1.5m. The high growth potential business funding competition received hundreds of applications. After two days of pitching, judges chose the winners. Medical technology start-up …

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Open Banking Forecast for Heavy Adoption Amongst UK Credit Providers in 2021

55% of lenders plan to adopt Open Banking technology by the end of 2021, with 93% of those businesses expecting to adopt the data-sharing initiative in the next 12 months; according to the recent data of Know-it.  One-fifth of lenders are to implement Open Banking-enabled products with a higher sense of urgency as a direct impact of …

Open Banking Forecast for Heavy Adoption Amongst UK Credit Providers in 2021 Read More »

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Open Banking Forecast for Heavy Adoption Amongst UK Credit Providers in 2021

55% of lenders plan to adopt Open Banking technology by the end of 2021, with 93% of those businesses expecting to adopt the data-sharing initiative in the next 12 months; according to the recent data of Know-it.  One-fifth of lenders are to implement Open Banking-enabled products with a higher sense of urgency as a direct impact of …

Open Banking Forecast for Heavy Adoption Amongst UK Credit Providers in 2021 Read More »

How real-time insolvency data can support your credit control strategy

How real-time insolvency data can support your credit control strategy

By incorporating insolvency data into your credit control processes, you can monitor business health in real-time and connect multiple data feeds to receive alerts when a business reaches the brink of insolvency. Using data-driven technology to bolster due diligence protocols can help you make informed decisions when extending credit, exploring business partnerships, and building professional …

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