Toreson Lloyd

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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A 'friction-right' approach to tackling the UK's epidemic of scams - 150sec: Challenger banks operate primarily through digital platforms, and that ... What is the roadmap a challenger bank or a digital-first fintech should take ...

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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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Today marks the launch of the governments Fair Payment Code. Read the full article from Credit Connect UK Late payments are causing small business, in particularly to suffer hardships and in a lot of cases in recent years fail. With SME's estimated being owed in the region of £22,000 due to late payment it is vital to review how payment is collected swiftly and without friction in the payment medium and with the business relationships not being harmed. The Government have an awards scheme in place to reward companies paying on time and also to build up a clear picture of those who do not. All SME's deserve to be paid on time as some resort to taking out loans to cover costs and mounting debt. Time to review how to get paid, why should a business wait for a payment to be made against invoice. The use of card payments although come with a cost reduce the time to get paid. Solutions such as open banking payments and using a pay by link service could support in keeping the cashflow flowing Good Business Pays has lots of very helpful information including their late and slow payment lists. #sme #latepayment #paymentservices exactly.com can help #reducetime #construction #retail #hospitality #fair #paybylink #openbanking #paybybank #mastercard #Visa #B2B

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We're not just another comparison website. Here's why: 1️⃣ - Real-time and transparent pricing, even generating Payment Systems Regulator quotations from multiple acquirers. 2️⃣ - In-site adjustments to match your EXACT payments profile.  3️⃣ - Most leading U.K. acquirers are on site. 4️⃣ - Unique middleware that integrates your application straight into your chosen acquirer.  5️⃣ - Apply DIRECTLY on site and be kept up to date with the progress of your applications. 6️⃣- We do NOT aggregate your data across firms to bombard you with phone calls. 7️⃣ - Knowledgeable staff on hand to help with any questions whilst in search.  Head to the website now ➡️

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There are reviews... and then there's Loan.co.uk 5-star reviews! ⭐⭐⭐⭐⭐ You don't get much better than this one #SecuredLoan Is your customer as happy as this? The perfect solution to a customer's borrowing needs. Done properly by our team of experts. "What an amazing team of professionals. I have been a long standing mortgage customer of a well known bank and was struggling to achieve more borrowing to consolidate debts even with a healthy loan to value ratio. One phone call to loan.co.uk and smooth sailing all the way." "Delightful friendly people who appear to love their work, understand that they are there to help you, find solutions and make things happen without any sense of judgement over your previous financial choices." "I have saved over £600 per month and have been able to pay off all credit cards and overdraft, protect my income, plus have money for new windows, doors, and cladding." "The communication of progress gave me so much confidence in them. If they keep this standard of customer service up I will never go anywhere else." #Loans #Mortgages #Debt #Advice #MortgageBrokers #MortgageAdvice #SecondCharge Philip Bailey Christopher Steele Mike Peet Samantha Cowburn Robert Walshe Ronan McCaughley Stacey Thompson

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Are you ready for PSD3, PSR and FIDA? Tribe MD Alex Reddish delves into the intricacies of the regulations set to reshape open banking, data access and security in the financial sector: https://bit.ly/45LxKYh The Fintech Times | #PSD3 #PSR #FIDA #Payments #Fintech #PayTech

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Cash reserves - how much does your business have? Would they be enough to survive an unexpected dip in trade? Research carried out by card payment processor Dojo has found that: ❗ 1 in 5 businesses doesn’t have any emergency buffer to support business operations ❗ 1 in 2 businesses have overdue and late payments owed to them. Their research suggests that 110,000 small businesses in the UK are at risk of bankruptcy. You can read the full research here: https://lnkd.in/e44As-fJ If your business is running off cash reserves or you can see a cash flow crisis on the horizon, call the team at TruSolv on 0808 196 8676. #Insolvency #Bankruptcy #Debt

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Cashflows And Judopay To Offer More Businesses Access To Flexible Funding Read the full story here: 👇 https://lnkd.in/eRY6xmFB #funding #SMEs #payments #fintechboostup

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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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Monzo has made a profit for the first time, having seen its revenue increase dramatically over the past year. This contrasts with reports, also out today, lamenting that FinTechs or "Neobanks" have failed to dislodge the big banks because their main revenue streams come from payments. Today, Neobanks offer credit cards, loans and savings products so profitability may become increasingly achievable. Despite a wider service offering, most people will continue to use Neobanks alongside a primary account for the short term. They remain important though. FinTech has changed how banking is done and has improved the customer experience. It has opened up a new range of role types and career paths in the new organisations and also in longer established banks. Healy Hunt provides specialist recruitment services for FinTech professionals across Financial Services. https://lnkd.in/ezx2CNr4 #fintech #neobank #executivesearch #recruitment #startup #scaleup

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UK banks given extra three days to delay payments in effort to beat scams. Bank payments can be delayed by an extra three days if lenders suspect consumers are being scammed, as part of a crackdown on booming levels of digital fraud in Britain. Under changes designed to protect consumers against online scams, high street banks are to be handed new powers by the Treasury to delay and investigate payments suspected of being fraudulent. The Treasury said it would extend the time that payments can be delayed where there are reasonable grounds to suspect fraud, from the current window of completing or refusing a payment before the end of the next business day to up to four working days. https://lnkd.in/eWzH94su

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Davies’ Evaluation Endorses DataVisor’s Enhanced AML/BSA Solutions, Affirming Operational Integrity and Seamless Investigation Processes for FIs “At DataVisor, we hold a steadfast commitment to continuously advancing and ensuring the quality of our product,” said Fang Yu, DataVisor co-founder and chief product officer. “By leveraging Davies’s specialized expertise and rigorous validation processes, we are able to meticulously assess and validate the effectiveness and integrity of our products. Together with Davies, we are proud to demonstrate a sound and robust AML/BSA solution with modern technology to combat financial crimes within the global financial ecosystem.” Kurt Drozd https://lnkd.in/eT6A6f86 #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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📘 Introducing our new Lending Fraud Glossary! With new schemes constantly emerging, we've compiled definitions for terms related to lending fraud so you can stay informed. Test your knowledge with our latest quiz and explore our new glossary. https://lnkd.in/e9Evsn8Q #fraud #riskmanagement #fraudprevention

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Digital bank Monzo has swung to profit for the first time, writes Frances Coppola. But its new-found profitability could prove short-lived as the end may be nigh for “narrow banks”. Full-year results just released show pre-tax profits of £15.4mn, generated largely from higher net-interest margins. Monzo, like most banks, has benefited from the Bank of England’s high interest rates. But like many of the challenger banks that grew from the ashes of the 2008 financial crisis, Monzo should be classed as a “narrow bank”. Its business model is focused largely on depository services and payments, and what little lending it does is also payments-related (credit cards and “buy-now-pay-later”). Its balance sheet is more like that of a payments processor than a traditional bank: against some £11bn of deposits, it holds £7bn of cash reserves at the BoE and £3bn of government and supranational debt. Loans make up only 15 per cent of its balance sheet. This business model amounts to an unhedged bet on BoE interest rate policy, Frances writes. Read more here https://lnkd.in/e79pQGWH #Monzo #bankingindustry #narrowbanks

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Metro Bank (UK) has been #fined nearly #GBP 17 #million by the #UK’s #financialwatchdog, the Financial Conduct Authority for failings in its #moneylaundering controls over four #years. #fintechnews #payments #paymentnews #thepaypers #fraud #fraudmanagemnet #fraudprevention #banking #financialservices #financialinsttutions #ML

Throwback Tuesday? 75% of customers rate all channels, including branch, as equally important and 44% of FI's globally, struggle to boost product-use frequency … Therefore redistributing new branch formats to engage customers where they actually spend their day, makes solid sense and creates new sustainable P+L models. But when you build a "pop-up", it's good to meet all of your customers expectations. TSB did just that with their Nottingham pop-up, and leveraged the simplicity and deployment speed of OneBanx' solution to enable customers to enjoy full service banking on site. Read more about it here #givepeoplewhattheyneed #cashaccessmatters https://lnkd.in/d3GFu4f6

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🚨 Fraud Alert: UK Banking Transactions at Risk 📈 The latest study from Juniper Research reveals a shocking forecast for the UK financial sector. By 2029, fraudulent #banking and money transfer #transactions will skyrocket by 111%, reaching a staggering 8.8 million cases 😱 🔑 Key Findings: • Current fraudulent transactions (2024): 4.2 million • Projected fraudulent transactions (2029): 8.8 million • Increase: 111% over 5 years The APP Fraud Challenge 🏦 Authorised Push Payment (#APP) fraud is rising, with criminals tricking victims into willingly making large bank transfers. The UK Payment Systems Regulator is stepping in with new reimbursement regulations, but concerns about potential slowdowns in faster payments are mounting 💸 AI to the Rescue 🦸‍♀️ Implementing AI-based real-time Fraud Detection & Prevention (FDP) solutions is crucial to combat this growing threat without compromising the speed of transactions. Benefits of AI in FDP: • Quick identification of APP fraud • Maintenance of faster payment value • Enhanced real-time fraud detection Cara Malone - Senior Research Analyst, the report's author, emphasizes the importance of data sharing: "The plethora of data collected throughout the payments processes will be utilised to develop several different FDP tools, ranging from behavioural biometrics to identification." 🔑 Takeaways for Financial Institutions: 🎯 Invest in AI-powered FDP solutions 🎯Prioritize data sharing among stakeholders 🎯Develop diverse FDP tools using collected data 🎯Balance fraud prevention with transaction speed As financial fraud evolves, so must our defences. Are you ready to embrace #AI and #data sharing to protect your customers and #business? 🛡️ Link to the study: https://lnkd.in/dJcZ3Zft

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