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Article 50: SMEs Keep Calm and Carry On
Lee Murphy owner of accountancy software Pandle,
“Though it may prompt some UK SMES to start thinking about the implications of Brexit on their business, the triggering of Article 50 this Wednesdayshould be nothing to fear and if I’m honest, I don’t think it will impact small businesses.”
“We can expect the pound to drop slightly following this news announcement as it will remind investors and businesses that Brexit is coming, however this dip should be just that, a temporary lull which will soon bounce back when buyers snap up the currency at a lower price.”
“What’s most concerning about the triggering of Article 50 is the impending Brexit – something that no one can prepare for and could be likened to pandora’s box. As research from the FSB has uncovered, a quarter of small businesses that export would be deterred from trading with the EU should tariffs be imposed. This may see some companies relocating to Ireland, or even Scotland should there be a Scottish referendum. Or equally, we could experience a greater level of trade with other markets, the research finding that 49% of SME’s top preference would be the US, followed by Australia (29%) and China (28%). Without knowing the outcome it’s impossible to prepare your business, and there are many important elections coming up in the EU that will impact this Brexit also.”
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Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions
Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API, announced today that it has raised $8M in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital and Velocity in Asia. Additional investors include fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.
SBS’s Digital Branch Mobilises UK Banking
SBS, the global financial technology company that more than 1,500 financial institutions rely on to digitally transform the way they operate, has launched Digital Branch, a cloud-native, tablet-based branch servicing platform that replaces legacy teller systems for UK building societies and banks. Now, institutions can keep branches economically viable and regulatorily compliant at a time when more than 6,000 UK bank branches have closed since 2015.
Federato Appoints Yogesh Sapre as Chief Revenue Officer
Federato, the AI-native platform that changes the way insurance work gets done, today announced the appointment of Yogesh Sapre as Chief Revenue Officer (CRO).
Zip US and InComm Payments Bring Flexible Payments to Gift Cards, Giving Shoppers a New Way to Pay
Zip (ASX: ZIP), the digital financial services company offering innovative, people-centered products for everyday Americans, and InComm Payments, a global payments technology company, today announced a partnership that brings installment buying to the gift card category. Through the integration, eligible shoppers can purchase popular gift card brands directly in the Zip app.
Huntington Bank Joins CHIPS® for High-Value Payments
The Huntington National Bank has joined the CHIPS® network, the largest private-sector U.S. dollar clearing and settlement system in the world, to clear and settle high-value domestic payments.
Wego Introduces Stablecoin Payments Through Partnership with Triple-A for Flights and Travel Bookings
Wego, the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has partnered with Triple-A, a global payment institution, to introduce stablecoin payments for travel bookings, further expanding the range of payment options available to travelers booking flights and other travel services.
FIX Releases DeFi Manual for TradFi
The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has released a comprehensive manual on digital assets and blockchain technology for finance professionals – Blockchain Basics.
Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions
Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API, announced today that it has raised $8M in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital and Velocity in Asia. Additional investors include fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.
SBS’s Digital Branch Mobilises UK Banking
SBS, the global financial technology company that more than 1,500 financial institutions rely on to digitally transform the way they operate, has launched Digital Branch, a cloud-native, tablet-based branch servicing platform that replaces legacy teller systems for UK building societies and banks. Now, institutions can keep branches economically viable and regulatorily compliant at a time when more than 6,000 UK bank branches have closed since 2015.
Federato Appoints Yogesh Sapre as Chief Revenue Officer
Federato, the AI-native platform that changes the way insurance work gets done, today announced the appointment of Yogesh Sapre as Chief Revenue Officer (CRO).
Zip US and InComm Payments Bring Flexible Payments to Gift Cards, Giving Shoppers a New Way to Pay
Zip (ASX: ZIP), the digital financial services company offering innovative, people-centered products for everyday Americans, and InComm Payments, a global payments technology company, today announced a partnership that brings installment buying to the gift card category. Through the integration, eligible shoppers can purchase popular gift card brands directly in the Zip app.
Huntington Bank Joins CHIPS® for High-Value Payments
The Huntington National Bank has joined the CHIPS® network, the largest private-sector U.S. dollar clearing and settlement system in the world, to clear and settle high-value domestic payments.
Wego Introduces Stablecoin Payments Through Partnership with Triple-A for Flights and Travel Bookings
Wego, the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has partnered with Triple-A, a global payment institution, to introduce stablecoin payments for travel bookings, further expanding the range of payment options available to travelers booking flights and other travel services.
FIX Releases DeFi Manual for TradFi
The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has released a comprehensive manual on digital assets and blockchain technology for finance professionals – Blockchain Basics.