Banking News

The Surprising Benefits of Automating Your Business Processes

With ongoing waves of rapid technological evolution, UK businesses are increasingly turning to automation to enhance operational efficiency, reduce costs and stay competitive. The global industrial automation market is expected to nearly double in size by 2028, underscoring the vital role automation plays in modern industry.

Essential Tips for Starting Your Own Business in 2023

Starting a business is an excellent way to create your own career path, but it comes with a lot of hard work and uncertainty. From developing a strong business plan to securing financing and creating a marketing strategy, there are many factors to consider.

How companies can create a sustainable business model

Sustainability is emerging as an important aspect for businesses, especially with the growing concerns of climate change.

Banks have an opportunity to offer more to customers looking for green solutions

New research has found that nearly 8 in 10 (75%) UK mobile banking users want to know more about the carbon impact of their spending. The findings indicate that there is an unfulfilled appetite in the UK retail banking market for green banking features and products.

3 ways to manage your business finances more comfortably in 2022

It doesn’t matter if you’re a fledgling entrepreneur eking out a foothold in your chosen niche or an established company looking to take things to the next level – the financial side of your business is likely to be the source of no small number of headaches.

6 things that might happen if your business goes insolvent

The possibility of going insolvent can be worrying, but it doesn’t necessarily mean the end of the road for your company. In this article, we’re going to talk about six things that might happen if your business goes insolvent.

Why all the signs point to the future of wealth management being digital

The wealth management business, like any other industry, is not immune from being the battlefield for disruptive forces. In this article, we’ll look at the trends that we have identified which hint that the future of wealth management is digital.

3 differences between a credit union and a bank

When deciding how to save and manage your money, you have several options from which to choose. If you don’t know the difference between many of these options, selecting the right one can seem difficult.

3 reasons why some banks don’t use ChexSystems

We know they’re out there. Banks that don’t use ChexSystems don’t make a secret of their second chance banking.

4 powerful tips for AML compliance

All financial institutions are required to comply with the Anti-Money Laundering (AML) rules and regulations in order to prevent issues like tax evasion, money laundering, and terrorist financing. But knowing how to remain compliant isn’t always easy.

Important details about filing for bankruptcy

Claimants have a suitable solution if they are facing overwhelming debt that will not take a long time to complete. With chapter 7, the claimant can use assets to pay off the debts and get a little money for exemptions.

Best-practice accounting tips for small business owners

The coronavirus crisis has devastated businesses across the UK. More than a quarter of small businesses are expected to downsize or close this year. It's more important than ever that as a small business owner, you control your finances effectively and give your business the best chance of survival.