Jim McCarthy

Raimac Financial Technology Partners with Cashflows to Launch Programmable Payments in the UK Paul Clarke, Chief of Growth at Cashflows, added: “At Cashflows, our vision is enabling business in making payments simple. This partnership is further evidence of how we’re changing payments for the better by simplifying the payments process and offering a smoother, faster experience for customers.”  https://lnkd.in/eXxFSTB9 Frazer M. Ian Donegan Michael Boevink 布 纷 奇 , 마이클 보빈크, مايكل بوفينك Hannah Fitzsimons Hope Allen Baptista Zainu Jacobs Michael Sheppard #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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📢 Today marks an exciting new chapter in the acceptcards® Independent Payment Experts journey. 💷 We’re launching #AcceptCash, utilising Smart Safe technology so businesses can deposit cash into a smart safe and settle to their bank account the very same day. Our cash payments solution responds directly to demand from SMEs for instant, affordable cash deposits to help with cash flow. Especially timely against a backdrop of bank branch closures and a Post Office fighting with growing demand! Who is this service for? Well, we know that businesses with an average monthly revenue of £80,000 would save 73% in cash processing costs via AcceptCash. We expect this to be most of interest to franchisee and enterprise businesses in the retail, convenience and hospitality sectors. However, it’s a tool which we know will help all SMEs with detailed reporting, same-day settlement, accountability, cost savings, efficiencies and much more. We’re pleased to be working with Martin Smith, Strategy & Solutions Director at Cennox to implement and roll-out the new technology in the coming weeks. Ultimately, this service will bring more choice to business owners as well as driving the most efficient and innovative ways of managing cash to make it a more viable payment choice. 🤔 Did you realise that cash is almost double the cost of card payments currently for UK businesses now? This is despite the fact that we know demand for cash is high…hence why we’re wanting to make it a level playing field! Full story over on FF News | Fintech Finance News: https://lnkd.in/ervZ2Jku #Fintech #cashpayments #cardpayments #innovation #financialservices #acceptcards #acceptcash #cashmanagement #paymentsolutions #customerfocused

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Raimac Financial Technology Partners with Cashflows to Launch Programmable Payments in the UK Read the full story here: 👇 https://lnkd.in/ezwq4AFr #payments #paytech #fintechboostup

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Industry-first ‘The Payments Directory’ Launches as the Go-To Platform for Businesses Seeking Transparent and Tailored Financial Solutions Without the Need for a Broker Libby James 💳🤓, Founder of Merchant Advice Service commented on the launch of the industry-first The Payment Directory: “Having started working on The Payment Directory back in March as a direct result of my frustrations around the lack of transparency and education available to business owners navigating the complex landscape of financial services, I’m incredibly excited to be able to launch an entirely self-serve solution. “I know it’s going to cause a stir in the industry, with this being the first time that this information has been released to businesses allowing them to take control, do the research and get educated on financial services by themselves, but I want to empower businesses and help them to understand the process and the industry better.” https://lnkd.in/ey6Tv8_g Samantha Walker 10 Yetis Digital #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Zopa Bank & ClearScore-Led Campaign Pledge2025.org Surpasses 15 Million Actions Milestone in Bid to Build the Financial Resilience of UK Consumers Jaidev Janardana, CEO of Zopa Bank said: “We’re thrilled to see the 2025 Fintech Pledge continue to progress so rapidly. While our economy is stabilising and inflation has largely abated, there is no room for complacency. The fintech ecosystem can jump-start the UK economy, helping consumers bounce-back by embracing new behaviours that support their long term financial well-being.” https://lnkd.in/eR7Y2uEZ Wilfred Collins Lucas Germanos Clare Gambardella Peter Donlon Michael Woodburn Vicky Saliari Justin Basini Andy Sleigh Michael Woodburn #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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The Payments Association Launches Its Manifesto, Calling for a National Payments Plan Tony Craddock, Director General, The Payments Association, said: “A review to produce an NPP to ensure the delivery of the government’s NPV&S is critical to ensuring the new infrastructure and legal system underpinning it is appropriate, aligned to the vision, adaptive to change and supportive of the common goal of enabling economic growth and stability in an inclusive, liberal society.” “As the Deputy Governor of the Bank of England wrote, ‘One contribution the Bank of England can make, working with industry, is to redouble our efforts on innovation in money and payments — modernising trains and rails, as the fundamental infrastructure for commerce and the digital economy”. I believe that achieving the Bank’s desired retail payments outcomes will require clear and renewed leadership from UK authorities and the payments industry.” “Our community at The Payments Association is committed to supporting the government and its authorities to produce a compelling, whole-ecosystem NPP by engaging with members from across the payments value chain, from retail stablecoin issuers to cash schemes, in this critical work. Together, I look forward to entering an exciting new era for payments.” https://lnkd.in/exg_pHfF Isabelle Smith Ben Agnew Keri Farrell Billie Pursey #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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UK’s Largest Independent Payments Broker Launches Tech-Enabled Cash Service to Boost SME Cash Flow Richard Bradley, CEO of acceptcards® Independent Payment Experts and Accept Cash, said: “The cost and time implications of depositing cash is currently squeezing SMEs financially and operationally. Not only does it take time out of a working week for a staff member to cash up and physically go to a bank, it’s also increasingly difficult to do so given the rise in high street banking closures. Added to this, the fees associated with depositing cash can be very high, making it difficult for SMEs – who want to be able to offer cash to their customers – to balance the books and forecast cash flow. “As an independent payments broker, we pride ourselves in disrupting this sector with the latest innovations in technology. Cash is here to stay and we’ve identified that SMEs need to be able to deposit cash quickly and affordably. Accept Cash’s innovative approach and use of new technology will allow businesses to access cash in their bank accounts on the same day – without having to visit a bank – by combining open banking and technology with secure smart safes. We’re pleased to be one of the very few providers in the UK to offer this same day settlement service and respond to demand. “Not only is Accept Cash the perfect solution to solving a big headache for businesses processing cash, it is likely to also encourage some businesses who have moved away from cash to return to accepting it. Ultimately, consumers need to have the choice of both cash and card payments and this should not be prohibitive in any way for SMEs; after all, they remain the backbone of the UK’s economy.” https://lnkd.in/ervZ2Jku Martin Smith Kayley Worsley MCIPR Jason Costello Richard James West #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Broken Business Savings Market Is Costing British SMEs £9 Billion a Year in Missing Interest Richard Davies, CEO of Allica Bank, said:  “There’s no question the SME savings market is broken. “The fact the SME savings penalty has got larger since we first did our research last year – while the Bank rate has reduced slightly – is a travesty many SMEs will find hard to understand. “It’s very unfair SMEs don’t get similar rates to large companies, and our research suggests big banks won’t be improving their rates for SMEs any time soon. “It’s time for something to be done to make that change, get SMEs a better deal and release billions of pounds into the real economy.” https://lnkd.in/eqAmuVCf Chloe Fenton (née Vaidya) Georgie Burks Joe Jones James Heath Ravneet Shah Conrad Ford Mitch (Munish) Trehan Nick Baker #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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#Monzo products are supported by an extensive microservice-based platform of over 2800 services! How do they manage this scale? 🤔 #InfoQ sat down with Will Sewell, Platform Engineer at Monzo, to explore how Monzo builds & scales its microservice platform, considering its size and the unique challenges of the banking sector. Read now to learn more: https://bit.ly/47QTtPF #CodeMigration #Microservices #Observability #ConfigurationManagement

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ThinCats Passes £2bn Funding Milestone for UK SMEs Mike Hackett, Chief Commercial Officer at ThinCats: “This milestone reflects ThinCats’ dedicated approach to the mid-size market and support for the local finance community with whom we work in partnership to help mid-sized businesses thrive. ThinCats’ commitment to regional investment has been a critical driver of growth and we have built up experienced teams across our network of regional support offices, and they work hard to deliver flexible funding solutions for mid-sized businesses across the UK”.   https://lnkd.in/eqMUA4Jk Daisy Knight Ricardo Bougi Ravi Anand Gary Nutley Beth England Diana Portman Stuart Thompson Amany Attia #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Oxbury Bank Plc Achieves First Full Year of Profitability Just Three Years Since Launch Commenting on Oxbury’s results, James Farrar, Chief Executive Officer, said: “2023 was an incredible year for Oxbury. We’ve doubled our customer numbers, more than doubled deposits and grown our lending by 75%. “There is great demand in agriculture for Oxbury’s offer – customer focused, tech-driven financing, with better products, supported by an experienced team of relationship managers, that can help farmers take on the current challenges they face, including productivity, land changes and the transition to net zero. “We’re incredibly proud of Oxbury’s progress in such a short space of time. We’ve delivered a growing, profitable business in only three years and built on our very own Oxbury Earth Tech platform – proving how Oxbury can become a new positive force in agriculture, not just in the UK, but potentially overseas. “As Britain’s first and only agricultural focused fintech, we remain committed to serving food and farming businesses and helping our customers achieve their goals.” https://lnkd.in/eBSGDJXF #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Today's Digital Transactions News: Issuer BNPL Plans Catch up; Discover Tweaks Debit Card Protections; Fiserv Small Business Index Dips https://buff.ly/45Yeszc #payments #BNPL #ecommerce #pointofsale #issuerinstallmentplans #Discover #debitcards #overdraftprotection #Fiserv #smallbusinessindex

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Last week, Innovate Finance responded to three Payment Systems Regulator (PSR) consultations on tackling authorised push payment (APP) scams 3️⃣ 📝 For their mandatory reimbursement scheme to work, adequate, fully-functional and effective systems must be in place. In our response to the PSR consultation on compliance and monitoring, we raised the following issues to the PSR and Pay.UK: 👉 Challenges with manual reporting of APP scams by payment service providers;  👉 Uncertainty surrounding the cost and readiness of the claims management system; and  👉 Ensuring that all in-scope payment service providers are identified, registered and onboarded to the claims management system. Read our response in full here👇 🔗https://lnkd.in/eyNdFawB The other two consultations we responded to are as below: 1️⃣ APP scams data publication guidance: https://lnkd.in/euQen3T5 2️⃣ Reimbursement for CHAPS APP scams: https://lnkd.in/eRf--mjQ Adam Jackson | Christopher Foo | Paul Worthington | Megan Jenkins | Jago Corry | Michael Carter | Roberto Napolitano, MBA

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SteadyPay is an embedded finance company based in the UK offering three layers of service to fintech lenders: API driven technology Consumer lending license in the UK with the FCA Liquidity layer to finance the origination of loans. John Downie, CEO of SteadyPay during his intervention at APG Capital Markets Forum explains his company product offering and how the Asset Backed Lending facility structured by APG (before Aluna Partners) has supported its company growth. https://lnkd.in/gSKuAJQr #investmentbanking #corporatefinance #privatedebt #privateequity #venturecapital #alternativefinance #alternativeinvestments #privateplacement #consumerlending #financialservices #longterminvestments #investmetnmanagement #equity #ipo #mergersandacquisitions #saas #fintech #healthtech #healthcare #lending #mobility #logistics #lendingplatforms #uk #eu #usa #canada #latam #mexico #colombia #chile #brazil #spain #italy #portugal #france #germany

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Some of our clients struggle to find a #fintech #lending partner in their core markets offering "lending as a service". Perhaps this can help. During our APG (before Aluna Partners) Capital Markets Forum, we had the opportunity to host John Downie and the team at SteadyPay, a company that provides financing, regulatory framework and much more to other companies in the UK... and the good news is that they are expanding. Perhaps its the right time to reach out and have a conversation. #longterminvestment #venturecapital #venturedebt #fintech #assetbasedlending #alternativelending #privateequity #privatemarkets #privatedebt #capitalmarkets

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Griffin Announces Move to General Availability, Opens Up BaaS Platform to UK Fintechs Read more: https://lnkd.in/d28E-RtB #Griffin #BaaS #BankingAsAService #UKFintech #FintechPlatform #GeneralAvailability #BankingInnovation #DigitalBanking #finance #fintech #FinancialIT

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Big Banks Denying UK SMEs Vital Cash as the Savings Gap Grows Again Richard Davies, CEO of Allica Bank, said: “Our latest data continues to underscore the need for an overhaul of the status quo, as UK SMEs continue to be short-changed by the big banks and their meagre interest rates. With the savings gap once again breaching 3%, there has never been a more appropriate moment to make steps towards a more transparent savings market. “The current state of the market means that the average UK SME is missing out on an average of £2,268 a year. For more established SMEs, the impact of this can be even greater. According to our data, a business with £1 million in the bank would be losing out on an average of £30,200 if it banks with one of the big six. “Business banking needs to change for the better – and we can start by making sure that all businesses have a clear picture about how to get the best deal on their savings. Better rates are out there – but customers need to know where to look.” https://lnkd.in/e3V7BRSs Philippa Gerrard Chloe Fenton (née Vaidya) Pragyani Bora Carlie Southworth James Heath Conrad Ford Grant Brown #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Tink Launches Merchant Information to Give Consumers Full Transaction Visibility Jack Spiers, Banking & Lending Director at Tink, commented: “By providing a clear and understandable way of presenting bank account transactions, Tink’s new Merchant Information solution is a win-win for all parties. Consumers can easily recognise their transactions, reducing the need to contact their bank for additional information or to request a refund. While for banks, this opens up large potential cost savings, through fewer enquiries. “Banks and merchants are increasingly interconnected in their digital transformation journeys. Tapping into Visa’s extensive merchant data network, we can enhance the customer experience to give consumers the 360-degree understanding of their spend they deserve.” https://lnkd.in/eiBgFXT2 Sylwia Lindén Stuart Shingler Pascal Lemesre Linda Winder Tobias Schudt Daniel Kjellén Guillermo Lopez Perez #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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