Correspondent banking is essential in today's global economy, but not everyone knows how the system works. Here are six key things to know.
The latest blog and insights from Freemarket
Anyone who follows or reads about Fintech companies will know that they excel at finding profitable niches in financial services and exploiting them. Once they have identified a specific vertical they can profitably serve, they need to draw clients away from their one-stop-shop bank by mitigating the inconvenience of using one extra service.
Public domain information on the application of virtual accounts tends to be written from the perspective of the software company selling the Virtual Account (VA)software and/or focus on cash management for multi-national corporates. There is very little out there to help smaller corporates understand virtual accounts or virtual IBANs (vIBANs). The intention of this article is to provide something which fills that gap and to look at virtual accounts from a practitioner’s perspective.
This blog provides a detailed description of safeguarding and looks at it from a practitioner’s perspective.
You'll come across many acronyms when conducting business abroad such as; BIC, IBAN and SWIFT - we've broken down the bank codes and explain what they are.
Security and convenience are two of the key drivers behind the rise of contactless payments in the UK. And in October 2018, contactless transactions overtook chip-and-PIN payments in the UK for the first time. But, what might the future lookalike?
Digital payments have become such a huge part of our lives now, it’s hard to believe that they are still a relatively new phenomenon and there is still a huge scope for them to grow and diversify. Here are six reasons why the next 10 years represent a key period for the payments industry.
Managed banking is built to be robust, transparent and flexible so that it seamlessly fits with your system, banks’ systems and requires no maintenance from you.
It can come as a surprise to anyone that’s not had to set up a cross-border business – but it can take six months or more to negotiate a new bank relationship. Time spent on finding, selecting, negotiating and then integrating these relationships is time that your senior team is not spending on growing the business. It can be a significant drag on growth.
Global investors poured funding into the UK’s glistening fintech sector last year, raising almost double the figure that was invested between 2018 and 2019 - despite the rest of the world suffering a slight downturn in funding.
There’s no denying that virtual bank accounts or virtual IBANS - vIBANS for short - are an interesting feature and are fast becoming a staple in the banking world.
Managed Banking is a simple to use, but flexible approach to finding and maintaining the right banking relationships, payment infrastructure and currency corridors; all offered as a service in support of business requirements.
The travel industry is one that is constantly affected by tightening margins and more recently an unstable economy. Online Travel Agencies (OTAs) are scrambling to reduce costs, ease overheads and simplify their processes.
Recently - the past two years in particular - has seen a rise in business banking, with challenger banks emerging to take advantage of slow, legacy technology and outdated processes.
Despite Brexit uncertainty the UK continued to be an attractive proposition for overseas investors in 2019. UK fintechs still raised a lot of capital, with a select few closing £100m+ rounds. We’ve listed 20 UK fintechs that raised the most throughout 2019.
Trust is the key commodity in fintech: do your customers trust you, and how can you trust them? With complex intermediary relationships and cross-border transactions, it’s never been more important to build a trusted brand.
New technologies are driving disruption everywhere – and financial services is no exception. They are giving rise to new operating models, redefining the nature of work in the sector and - as consumers or business owners - changing our relationship with IT. Here are 10 key trends influencing fintech today.
Navigating modern banking, payments, crypto, regulation and all the other trends in fintech is not a one-person job. Luckily, pioneers in the space are writing, speaking and podcasting - so there’s no shortage of inspiration.
Great deals survive long enough to give both parties some benefit. Even established leaders like Steve Jobs never stopped working on their negotiation skills. Here are some practical ways to improve your chances, and how to spot when a negotiation is running away from you.
Open Banking makes financial data interoperable. But whilst the tech is in rude health, customer sentiment is far behind what fintechs might expect…
Sam Gormley was an entrepreneur at 20, discovering bands for the Atlantic label. Now he’s marketing for fintechs and says the rules haven’t changed...
Brexit isn’t all bad news. The effect on the UK economy is a tale of great economics yet also worrying uncertainty. Political uncertainty and a global economic slowdown are not just a UK phenomenon - here’s what fintech leaders need to know.