Slaughter and May looks for its fintech entrepreneurs programme applicants
Slaughter and May, the international law firm, announces that applications for the second cohort of Fintech Fast Forward, its fintech entrepreneurs programme, are now being accepted.
The firm is looking for a further five UK-based, technology-driven businesses to each receive £30,000 of value add services. In March this year, the firm announced the first five companies selected to join the programme: Enforcd, Garrison, Just Miles, Tide and WorldRemit.
The latest application round, which closes on Monday 2 October, is open to any UK-based start-up or high growth company operating in fintech, insurtech, regtech, datatech, legal tech, DLT, data analytics and AI or similar fields.
“In the first round we received over 25 applications to join the programme and we were delighted to welcome Enforcd, Garrison, Just Miles, Tide and WorldRemit to Fintech Fast Forward” said Rob Sumroy, partner at Slaughter and May.
Lloyds Bank will help to simplify clients daily accounting processes
Lloyds Bank Commercial Banking has announced a new service that will help to simplify clients’ daily accounting processes and save them time so they can concentrate on growth.
The Lloyds Bank Direct Bank Feed sends current account transaction information safely and securely to a participating accounting software provider – eliminating the need for businesses to manually input their bank statements and reduce the time spent reconciling accounts.
Previously businesses would work through the manual process of uploading a file from their online banking system, or in some cases use unauthorised third party software with the inherent security risks that it brings.
Now, Lloyds Bank’s commercial clients, business customers and their accountants can automate their reconciliation process, increasing accuracy and reducing time spent on these tasks.
Payza rolls out Cryptocurrency Address Manager
Payza, an award-winning payments technology company, is proud to announce the launch of its latest cryptocurrency feature: Cryptocurrency Address Manager.
This new feature enables all Payza members to generate and manage cryptocurrency addresses from within their Payza accounts.
With this launch, Payza members will be able to generate their own Bitcoin address and QR code for their Payza account to easily receive Bitcoin from other Bitcoin wallets. This means that Payza members no longer need to set up an Add Funds by Bitcoin transaction prior to receiving Bitcoin.
There is no fee to generate Bitcoin addresses and it is also free for members to receive Bitcoin using this method.
“We’re proud to offer one of the most complete sets of Bitcoin services on the market,” says Payza CEO Firoz Patel. “Whatever your Bitcoin needs, Payza now has the service to match. Our users now have all the same functionality that a Bitcoin wallet provides, right in their accounts.”
Fern Software launches Abacus HUB Cloud to third parties
To drive innovation and collaboration across financial services providers, Fern Software is opening up its Abacus HUB Cloud platform to third parties.
End users can now build a customised core banking system from the library of apps available and deliver more flexible and responsive services to their clients.
This is the first time APIs have been made available in this way to third parties to offer new and disruptive apps to credit unions and other financial services providers in the UK & Ireland. This open approach to collaboration is unique to this market.
“Abacus HUB, hosted in the cloud, is the future of Credit Union financial services software,” said John McGucken, General Manager at Fern Software, Belfast. “I am very excited to launch our Abacus HUB strategy as it brings something completely different to the marketplace. Creating a platform that enables the Credit Union community to build on top of our trusted solutions and services will not only reduce their costs, it will also facilitate open collaboration, agility and innovation.”
