Posts Tagged ‘what is open banking’

British Business Bank Support, Prompt Payment Code Suspensions and Open Banking – BFB 267

Posted on: July 20th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To start our latest Business Finance Bulletin, we look at how the British Business Bank continues to support small businesses in need of finance. Their 2019 Annual Report sets out how they are improving access to finance in all regions across the UK.

With late payment being an ever-present feature of managing a small business, news from the Prompt Payment Code about membership suspension for a number of high-profile names due to them not adhering to the voluntary payment code.

To close, we review a joint report from the Small Business Commissioner and Growth Street which considers how small business owners see Open Banking. The findings reveal a higher level of awareness and interest than perhaps expected.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

Small Businesses vs Big Businesses, Asset Finance Activity and FreeAgent Open Banking – BFB 262

Posted on: June 15th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To open our latest Bulletin a look at a new survey from Menzies LLP which sheds light on how small businesses feel about their larger counterparts. Whilst there may be disadvantages to being small, the survey reveals several positives when it comes to competition.

We take our monthly look at activity levels in the Asset Finance sector which highlights how the volumes of business being transacted contrasts with that seen in the High Street banks.

To close, news from FreeAgent, the cloud accounting software provider, that it has signed up to Open Banking. We look at how this will prove beneficial to the nine banks within the Open Banking regime.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

Open Banking Benefits, Late Payment Naming and Shaming and Brexit Planning Advice – BFB 240

Posted on: January 12th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To kickstart our first Bulletin of 2019, a look at new research into the benefits of Open Banking. Following its launch 12 months ago, a survey reveals the level of awareness of what Open Banking has to offer and the benefits business owners say it brings.

The Small Business Commissioner, in conjunction with Lloyds Bank, has taken a look at the impact reporting requirements for large businesses has had on their payment practices. Perhaps not surprisingly, there is clearly still work to do in order to minimise instances of late payment.

With the Brexit date looming, we look at the latest government initiative to help businesses plan ahead for the proposed changes. The launch of an Exit EU website is designed to assist business owners identify how they will be affected and actions they can take.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Alternative Finance & Institutional Investors, Cost of Late Payment and Open Banking – BFB 239

Posted on: December 15th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

When the alternative finance providers entered the market to satisfy small businesses demand for finance, it was personal investors who provide the cash. We are now seeing institutional investors taking serious interest in the sector with announcements of tie-ups from Funding Circle and Thin Cats.

As well as holding back growth, late payment can have a costly impact on small businesses. BACS, the payment service provider, has taken a look at how late payment can affect small businesses, both in terms of cash and other knock-on effects.

To close this Bulletin, news from short-term lender Iwoca, which has announced agreements with another two major High Banks to utilise the benefits of Open Banking. Another step forward in speeding up access to finance.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

What is Open Banking? – BFB Episode 196

Posted on: January 6th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

It’s very likely that you may not have heard of Open Banking. If you haven’t then the chances are that you will over the coming weeks and months.

It’s rare that we devote a whole episode to one topic, but Open Banking has the capacity over time to revolutionise the way you and your business manage your finances.

In the Bulletin we look at what Open Banking is; why it was introduced and what the future holds in how it will open up competition to make sure you get the very best finance deals.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

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