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The tech sector in Scotland has received $549m in funding this year – up 56% on 2020. Tech Nation has announced the five Scottish of its fourth Rising Stars competition, which recognises the best early-stage tech scale-ups from every area of the UK. They were selected by a panel of more than 50 judges based …
Tech Nation announces five Scottish Rising Stars Read More »
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 …
Scottish EDGE invests £1.5 million into 42 businesses Read More »
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 »
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 »
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 …
How real-time insolvency data supports credit control Read More »
Open banking has been more widely adopted during the pandemic, so more than half of British lenders plan to speed up future roll out. More than 50% of UK money lenders have said they plan to adopt open banking in 2021, according to credit management firm Know-it. The way businesses and customers engage in the banking …
Open Banking to be Adopted by 55% of UK Credit Providers This Year Read More »
55 per cent of lenders plan to adopt open banking this year with 93 per cent of those businesses expect to adopt the data-sharing initiative in the next 12 months according to recent studies. One-fifth of lenders (19 per cent) plan to implement open banking-enabled products more quickly due to Covid-19. It is evident that …
Over half of UK credit providers to implement open banking in 2021 Read More »
Important changes are coming to the way businesses and customers engage in the banking ecosystem, according to credit management experts Know-it. 55 per cent of lenders plan to adopt open banking this year with 93 per cent of those businesses expect to adopt the data-sharing initiative in the next 12 months according to recent studies. One-fifth of …
Over half of UK credit providers to implement open banking in 2021 Read More »
Late payments can be debilitating to any small to medium sized enterprise (SME). Over 50,000 cease trading every year due to this issue, with SMEs currently owed £61bn in late payments, a 20 per cent increase compared to this time last year. As the essence of the UK’s economy – around six million UK SMEs turnover an …
Late payments are ravaging SMEs in the UK with 50,000 businesses failing each year as a result of waiting for overdue invoices. And the problem with late payments is only getting worse. The total value of overdue invoices has increased by 22% in the past 12 months with businesses now chasing £61 billion worth of …
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