Small to mid-sized enterprises are chasing approximately £50billion in late payments in the UK according to recent research, a figure that equates to five outstanding invoices per firm. This according to Know-it, the cloud-based credit management platform, is simply unsustainable for many businesses and as debtor days get longer the chances of business survival gets shorter. Lynne …

UK SMEs Chasing Nearly £50billion in Late Payments Read More »

Small to mid-sized enterprises are chasing approximately £50bn in late payments in the UK according to recent research, a figure that equates to five outstanding invoices per firm.  This according to Know-it, the cloud-based credit management platform, is simply unsustainable for many businesses and as debtor days get longer the chances of business survival gets shorter. …

Over 50,000 small businesses go bust every year because of late payments Read More »

The UK’s fintech scene has become much less London-centric over the last couple of years, with the likes of Manchester, Cardiff and Glasgow developing into thriving hubs, according to a report from Findexable. Now in its third year, the Mambu-powered Global Fintech Rankings algorithmically ranks cities and countries around the world according to the number …

UK’s fintech industry becomes less London-centric Read More »

As new technologies continue to shape the financial services sector, consumers are offered more choice than ever when it comes to lending products.  Traditional lenders need to keep up to date as new offerings disrupt the marketplace and customers expect a more personalised experience than ever. Managing risk – as well as responsibility – can …

Ask a FinTech: How are new technologies helping lenders mitigate risk? Read More »

Businesses within the insurance, pensions, charity, and voluntary sector are facing their biggest fight in recent years – late payments. Organisations being forced to continually engage with late payers as a result of Covid, are facing ongoing financial pressures despite significant government support, a position unlikely to improve as we enter what economist have labelled …

One in Four UK SMEs Facing Cash Flow Crisis Read More »

Lynne thank you for your time. Could you introduce yourself to our readers? Of course. Having worked across several credit management roles for over 25 years, I have gained a wealth of knowledge and completely understand the importance of a healthy cash flow for businesses and the implications late payers and bad debtors can have …

Q&A Lynne Darcey Quigley, CEO of Know-it Read More »

Scotland’s technology sector will play a critical role in the country’s economic recovery and growth post-Covid. Sub-sectors such as fintech have been a hotbed of innovation for over 12 months, the number of Scottish fintech SMEs increasing from 72 to 119. Why is this the case? Against a wider backdrop of an acceleration in the …

Fintech growth set to continue – Lynne Darcey Quigley Read More »

Businesses need operating capital, cash flow, and to eradicate late payments Considerable ambiguity surrounds what the “new normal” may look like as organisations begin to emerge from the COVID-19 crisis. Scenario thinking can equip organisations better predict and adapt to dramatic changes, however, one scenario that may been eliminated for UK SMEs is the thought …

Accelerated Payments to Fund SMEs Due To Brexit Read More »

Considerable ambiguity surrounds what the “new normal” may look like as organisations begin to emerge from the COVID-19 crisis and come to terms with the business landscape post Brexit, especially in terms of capital. Scenario thinking can equip organisations better predict and adapt to dramatic changes, however, one scenario that may been eliminated for UK …

Accelerated Payments to Fund SMEs in Wake of Brexit and Covid-19 Pandemic Read More »