Open banking leads the way in reducing Bacs risk July 22, 2024 | Sponsored By Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra The Bacs scheme is experiencing ongoing growth. More than 1.7 billion Bacs payments were made during Q4 2023 with the corresponding value amounting to £1,418 billion. Direct Debits accounted for 71% of the volume and 26% of the value. Direct Debit gives payers a hands-off [...]
Banking on cross-border payments: Q&A with Radha Suvarna, CPO, Payments July 22, 2024 | Sponsored Q1. What is driving growth in cross-border payments? Cross-border payments are at the heart of the global economy, enabling businesses to serve customers wherever they are based in the world. Such transactions are estimated by the Bank of England to reach a value of over $250trn by 2027. Growth in high volume, low value payments [...]
Considerations for Building a Secure and Resilient Bacs Payments Process July 22, 2024 | Sponsored In part one of this two-part series, learn how to mitigate threats and unlock automation to increase business stability and resilience By Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra Operational resilience is the lifeline that keeps businesses thriving through unforeseen disruption, with automation being a key component of a threat mitigation strategy for [...]
FTSE 100 today: Blue-chip set to rise ahead of key earnings reports July 22, 2024 Asian stocks fell as Joe Biden exited the election race, China cut rates. Focus on earnings reports from major tech and banking firms.
FTSE 100 today: Blue-chip poised to end two-week winning streak amid global uncertainty July 19, 2024 Asian markets drop with Wall Street; oil prices fall; Japan inflation rises; Netflix exceeds subscriber targets; UK retail sales data next.
FTSE 100 today: London markets poised to open higher as UK job creation likely slows July 18, 2024 Asian stocks fell amid rising US-China trade tensions. Investors now await UK employment data, the ECB decision and AJ Bell's earnings.
Stubborn services prices to raise concerns as inflation remains at two per cent July 17, 2024 Speaking last week, Huw Pill, the Bank's chief economist, said persistence in wage growth and services inflation points to "uncomfortable strength in those underlying inflation dynamics”.
UK gets another upgrade but Labour’s growth target looks ‘unlikely’, PwC says July 17, 2024 New forecasts from PwC suggest the UK will grow around one per cent this year, up from the 0.5 per cent projected by the firm at the end of last year.
FTSE 100 today: Blue-chip to rise on sub-two per cent inflation, boosting rate cut bets July 17, 2024 Asian stocks rise amid Fed rate cut hopes, gold extends rally; investors focus on upcoming UK and Euro area CPI reports.
FTSE 100 today: London markets braces for caution ahead of UK inflation data July 16, 2024 Asian shares dip on China's slowdown, bitcoin rise; Asian currencies weaken against strong dollar. Eyes on Bank of America's earnings.