James Yerkess

Are you looking to grow your emerging markets payments business among UK SME and mid-market businesses? If yes, focus on your knowledge and advice around emerging market risk and mitigation, and then own that space through thought leadership, comms, marketing, storytelling and sales collateral. (We advocate underpinning your thought leadership with reputable voice of the customer insights and analytics so you stand out from the crowd and bring real value to the market, but you do you). Nominated by 40.5% of the full market, reaching as high as 60% among businesses with turnover between £20-100m, knowledge of market risk and mitigation is the number 1 attribute UK businesses are looking for from their payments provider when doing business with emerging markets. Businesses today are all about minimising their risk and losses, talk to them about it.

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📣 Call for Contributions: Financial Services Research Conference https://lnkd.in/deFdkq8c 📅 14 November 2024 🧑🏻‍🤝‍🧑🏿 In-person event 📍 London   There’s a lot to unpack at this year’s Market Research Society (MRS) Financial Services Research Conference! Competition is growing, customers are expecting more and keeping them loyal is tough. The new Consumer Duty has focused financial services providers on demonstrably delivering good customer outcomes, while #behavioural science, #AI and data driven #insights are increasingly supporting better understanding, communicating and serving of #customers. This year, we want to showcase the methodologies that have been powering the best customer and consumer insights and discoveries across the financial services sector. So, if you have valuable insights, innovative methodologies, or compelling case studies to share, we invite you to submit your proposals for the Financial Services Research Conference 2024! Interested❓ Please submit a brief synopsis (approx. 200 words) for consideration to [email protected]. 👉 Submission deadline: Thursday 11 July 2024 ℹ️ More information: https://lnkd.in/deFdkq8c #c4c #callforcontributions #financialconference #mrx #submissions #marketresearch #customerinsights #consumerinsights #casestudy

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Last week, we launched an impactful seven-point action plan to enhance funding access for the UK's 5.5 million SMEs. These enterprises employ 60% of the private-sector workforce and drive over 50% of UK economic turnover.   Read more on FF News | Fintech Finance👇 https://lnkd.in/esJnzxDb   📄 Follow the link below to read the SME Finance Taskforce Report here: https://lnkd.in/emPSaaCp    #UKFintech #SmartData #SMEGrowth #SMEFinance #CFIT 

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🆕 REPORT: A monthly gauge of confidence levels among UK business.   Managing Director for Relationship Management, Business & Commercial Banking Paul Gordon says, "The last three months saw confidence unchanged at 42% as businesses adjusted to the economic environment. That consistency has been followed up by a marked increase in confidence in May with improved scores for trading prospects, economic outlook and hiring intentions. Following on from last month, there also continues to be positive signs for the labour market as businesses show increased hiring intentions."   Read the full report or save this post and come back to it later 🔖   Editor: Hann-Ju Ho #EconomicOutlook #UKEconomy #UKBusiness

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Established SMEs account for almost a third of UK economic activity and jobs, however they often find themselves neglected by high street banks. This leaves a vital segment of the UK economy lacking support. Join our free webinar, in partnership with Allica Bank, which will explain why big banks struggle to service established SMEs and how accountants can help their clients access better business banking. Book your place > https://lnkd.in/eurfdduV #accountants #accounting #banking #cpd

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Bank of England's big day. Our daily Market Report is available now. Gain a valuable insight to what's happening in the world of currency and how we can help with your transactions and rates to become more profitable. https://lnkd.in/ev4bvUPQ #currency #trading #forex #banking #finance #economics #business #news #inflation #dataanalytics #bankofengland #interestrates #markets #inflation #expectations #recovery #activity #data #hope #robust #hurdles #volatility #gains #presssure #risk #payroll #bankofengland

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What’s the key to becoming even more confident in your SME lending decisions? Getting granular 🔎 By digging into the details of income and expenditure, then categorising that data appropriately, you can better assess the commercial affordability of the companies you work with. To learn more and see how our categorisation engine could help, our Market Engagement Director, John Griffiths explains all: https://lnkd.in/eDhT8C94 #SMEAffordability #CommercialAffordability #CreditRiskEngine

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Applications are open for the British Business Bank’s recently launched Growth Guarantee Scheme (GGS). Launched on July 1, 2024, it is the successor of the Recovery Loan Scheme and is designed to support access to finance for UK small businesses as they look to invest and grow. The scheme will:   ✅Support businesses with facilities of up to £2m ✅Support term loans, overdrafts, asset finance, and invoice finance facilities ✅Borrowing terms range from three to-six years depending on the facility type Who can apply? ✅UK-based business with 50% of turnover from trading activities ✅Business must not be in difficulty ✅A turnover of no more than £45m The Growth Guarantee Scheme provides lenders with a 70% government-backed guarantee, with borrowers remaining 100% liable for the debt. Find out more by following this link to the British Business Bank website 👉https://lnkd.in/eaBXz43C #GrowthGuaranteeScheme #SmallBusiness #BusinessGrowth Michelle McClean Sally Thompson Chris Burchell Andrew Swift Roya C. ⭐️Graham Thompson⭐️Malcolm Brabon Hampshire Chamber of Commerce Business South IoD South Federation of Small Businesses (FSB)

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We welcome today’s publication of CFIT’s SME Finance Taskforce’s report - Smart Data: improving SME lending to drive economic growth. The report sets out a 7-point action plan to harness smart data from both the public and private sectors to unlock borrowing for the UK’s 5.5 million small businesses. Thanks to all the #financialservices, #fintech and industry participants in the taskforce. Read the report here >> https://lnkd.in/ekvN9mpS #OpenFinance #OpenBanking #SmartData #Fintech #Innovation #DigitalInnovation #TechInnovation #Payments #SMEs iwoca Sage OakNorth Allica Bank Experian HSBC Lloyds Banking Group Mastercard Federation of Small Businesses (FSB) Revolut Martin McTague OBE Louise Beaumont Neil Taylor Ghela Boskovich Gavin Starks Rob Haslingden Phillip Mind TrueLayer Simon Cureton Conrad Ford Nilixa Devlukia Stephen Wright City of London Corporation Charlotte Crosswell OBE Henk Van Hulle HM Treasury

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Lending to UK SMEs has declined by 20% in real terms over the past decade, creating an estimated funding gap of over £22 billion. Our SME Finance Taskforce Report seeks to address this gap with a powerful seven-point action plan to boost the UK economy by enhancing lending and access to finance for over 5.5 million SMEs. Highlighting the significance of this development, the Economic Secretary to the Treasury, Tulip Siddiq, shares her thoughts below👇 Read the full report here: https://lnkd.in/emPSaaCp    #UKFintech #SmartData #SMEGrowth #SMEFinance #CFIT 

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Unlock the potential of SMEs with FOLK2FOLK! Discover how investing in small businesses can drive innovation, support communities, and secure your financial future. Join us in helping to create a prosperous future for regional UK. Read more: https://bit.ly/3ymJPqN #SMEInvestment #EconomicGrowth #FOLK2FOLK

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Join Let's Do Business Finance at this webinar on what you can do to finance your business if your bank can't lend - where you'll hear from Business Manager Lisa Young on how to prepare your business and what you can do next! Register to join the webinar on 1st October from the link in the post below!

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Banking and Financial Services Taskforce Delivers SME Action Plan to Boost UK Economic Growth Centre for Finance, Innovation and Technology (CFIT) Chair, Charlotte Crosswell OBE, said: “The financial services and fintech industry has worked together to design a comprehensive programme that will energise the UK economy by making the lending experience better for both SMEs and the lenders themselves. “What’s particularly exciting is that this doesn’t require significant public spending. While policy implementation inevitably takes time, there are so many levers that industry can pull with the support of policymakers, to quickly build momentum, boost SME lending and unlock growth.” https://lnkd.in/ee4xMajH Ezechi Britton MBE Hannah Stakes Teresa Lam Mastercard Jane Prokop Henk Van Hulle Open Banking Marion King Christoph Rieche iwoca Martin McTague OBE Federation of Small Businesses (FSB) #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Following the election, all eyes are on the UK’s economic landscape and the effects a new government could have on SMEs and commercial lending. Join us for our next webinar - Commercial Lending: Where next for UK small business? - where our experts will be sharing insights and next-step considerations for the rest of 2024. Book your free spot for Tuesday 17 September here: https://lnkd.in/eed5Vpz8 #Lending #UKEconomy #CommercialLending

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Last week, we shared with you our new online Financial Promotions Guide, purpose-built to simplify the FCA's rules and guidance on creating and sharing financial promotions. We are now introducing our online Sales Procedure Guide (SPG)! Created by our expert Risk and Compliance team, the SPG is a resource for dealers to sell their vehicles on finance compliantly. ⚠️ With three easy-to-digest sections, having the SPG means we can update it live on the go, keeping dealers up to date whenever the FCA release new rules and guidance. ➡️ You can view the Sales Procedure Guide by clicking the link below. We welcome you to give us a test drive. https://lnkd.in/eC7Kpgwi #salesprocedureguide #FCA #financialconductauthority #compliance #regulation #cardealerships

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The SME Finance Taskforce chaired by Centre for Finance, Innovation and Technology (CFIT) have developed an action plan to ENERGISE the UK economy 🇬🇧 🤯 🏪 Lending to SMEs in the UK has FALLEN by 20% in real terms over the past decade and the resulting funding gap prevents SMEs from investing in their firms, improving productivity and making a greater contribution to the economy. 🤝 🏛 The plan will speed up lending AND access to finance for 5.5 MILLION SMEs which deliver over 50% of the UK's economic turnover. Together, the Taskforce is pledged to work in partnership with the 10 Downing Street to grow the UK economy, contribute to policy AND legislative development 👨‍💻 Henk Van Hulle, Open Banking CEO, said: “I’d like to thank the taskforce for its work on the report, and the substantial recommendations it makes to leverage the success of Open Banking and Smart Data to help the UK’s SMEs access the borrowing they need. In particular, the report’s seven-point plan sets out tangible steps towards a wider smart-data economy that can deliver clear economic benefits for the UK. “OBL is pleased to have played a vital role in the taskforce, providing expert input, taking on the secretariat work and helping to bring a wide range of key stakeholders together. As part of our remit to support wider initiatives, we also hope that we will be able to use our experience in this area to deliver some of the report’s recommendations.” Read the report on the link below! 👇 Charlotte Crosswell OBE Ezechi Britton MBE Hannah Stakes Marion King Mastercard Jane Prokop iwoca Christoph Rieche Martin McTague OBE Federation of Small Businesses (FSB) #CFIT #SMEfinance #openbanking #openfinance #mastercard #smartdata #ukeconomy #economicgrowth #smarteconomy #fundinggap

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SMEs are the bedrock of our economy, driving innovation, generating employment opportunities, and fostering local development. As the SME lending landscape continues to evolve, it is crucial for the next UK government to prioritise and adapt their policies to support the growth and stability of these vital businesses. To ensure their sustained growth and resilience, Douglas Grant, Managing Director at Conister Bank has listed five key areas that the next UK government should look to focus on: https://buff.ly/3RtCEmW #SMEs #SmallBusiness #UKBusiness #EconomicGrowth #GovernmentPolicy #InvestmentIncentives #EconomicResilience