The Know-it Blog

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 »

New data from GoCardless illustrates the difficulties SMEs face when chasing late payments – and unsurprisingly, women struggle with this social issue the most. Lynne Darcey Quigley, CEO, and founder of Know-it, discusses why breaking this taboo is so essential. Recent data from Fintech firm GoCardless, published earlier this week, shows the scale, impact, and …

SMEs and female founders must break the money-talk taboo if they want to get paid on time 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 …

Tackling late payments to small to medium sized businesses crucial to economic recovery – Gordon Merrylees Read More »

Lynne Darcey Quigley, Co-founder and CEO of Know-it (Global) Ltd & Darcey Quigley & Co discusses how late payments not only hurt your business but will hurt your customer too. It is a well-known fact that small is powerful, especially when it comes to business. In the UK today, companies with between 0 – 49 employees make …

Why late payments are hurting your customer, as well as your business Read More »

It is a well-known fact that small is powerful, especially when it comes to business. In the UK today, companies with between 0 – 49 employees make up 99% of the total number of the c.6m companies currently operating in the economy. So, it is no surprise that SMEs make up such a large proportion …

Why Late Payments Are Hurting Your Customer, As Well As Your Business Read More »

Lynne Darcey Quigley, Co-founder and CEO of Know-it, discusses how late payments hurt businesses and customers alike. It is a well-known fact that small is powerful, especially when it comes to business. In the UK today, companies with between 0-49 employees make up 99% of the total number of companies currently operating in the economy. So, it is …

Why Late Payments are Hurting Your Customers and Your Business Read More »