The new payments architecture and Bacs September 17, 2024 | Sponsored Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra You might have heard that there are plans to modernise some of the key UK payment rails and wondered how these updates will affect your payment processes. In this article, we explore what the changes are and why they are needed. Let’s start at the beginning; [...]
Navigating ISO 20022 in the Bacs world September 17, 2024 | Sponsored Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra As organisations and financial institutions look for new ways to pay in a growing payments landscape, using a common language for all financial messages allows participants and systems in different markets to communicate in a single, consistent format using agreed terminology. ISO 20022 is a global [...]
A quick guide to the key UK payment rails September 17, 2024 | Sponsored Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra There are a range of payment rails available in the UK; some widely applicable while others work better for companies operating in certain circumstances. But what is a payment rail? Payment rails refer to the underlying infrastructure and systems that facilitate the movement of money between [...]
Finance rocks in Rio: The rise of Open Banking in Latin America September 12, 2024 | Sponsored One of the UK’s hallmarks in global exports is its expertise and pioneering role in the Open Finance sector. Across the Atlantic, Latin America — a long-standing trade partner — has recently become a fertile ground for Open Finance, with new regulations advancing across at least five key countries: Brazil, Mexico, Colombia, Chile, and Argentina. [...]
Financial services must be at the heart of the UK-India relationship September 9, 2024 The City of London is a partner of the world’s growth economies and in supporting India’s ambitions we help British businesses too, says Chris Hayward In one of his first international trips the Foreign Secretary David Lammy visited India where he re-emphasised the significance of the UK-India relationship and made clear that the free trade [...]
City job openings set for ‘slight recovery’ after election-fuelled slump August 27, 2024 Recruitment for London finance jobs is expected to stage a "slight recovery" under the new Labour government, according to new research.
Barclays announces £750m buyback after beating expectations August 1, 2024 Barclays joined other lenders in announcing sizeable returns to shareholders after performing ahead of expectations in the second quarter. In the three months to June, Barclays reported a pretax profit of £1.9bn, more or less unchanged on last year but comfortably ahead of the £1.6bn expected by analysts. The lender’s investment bank and its wealth [...]
Metro Bank share price soars after lender reports its on track for profitability later this year July 31, 2024 Metro Bank expects to return to profitability in the final quarter of 2024 as the lender attempts to stage a recovery from a volatile year.
HSBC unveils another £2.3bn buyback in CEO Quinn’s last results July 31, 2024 HSBC announced yet another share buyback scheme and upped its guidance for the remainder of the year after beating expectations in the second quarter.
Natwest shares rise after strong results and deal for part of Metro Bank’s mortgage book July 26, 2024 Natwest became the latest bank to report a fading boost from higher interest rates as it announced the acquisition of part of Metro Bank's mortgage book.