Connect with us

Crowdfunding

London Fintech Paymentsense Reports Many New UK Businesses being Launched in 2020 Following COVID Outbreak

Avatar

Published

on

London-based Fintech firm Paymentsense, which helps small businesses take card payments, has published a 2021 UK job market report that covers how the COVID-19 outbreak has led to new business growth.

During the past year, UK residents have beeen investing in their “ambitions,” by launching their own business “off the back of hobbies and passions,” Paymentsense noted while adding that the Coronavirus crisis has changed “a lot about the way we live and work, and there has been a notable push for people to recognize those with ‘unskilled’ jobs as being the heroes of the pandemic.”

Paymentsense also mentions in its report that they’ve looked at different job boards, apprenticeship schemes and search trends in order to figure out where the job activity was really picking up.

They found that from September to November 2020, redundancy rates “reached a high of 14.2% per thousand.” With people’s normal or regular jobs becoming “impossible,” a relatively high number of Brits “facing adversity” pivoted and began “turning their hobbies and passions into their income,” Paymentsense reveals.

Previously, successful firms have been launched during challenging times, Paymentsense noted while pointing out that Microsoft launched back in 1975, which was during the latter end of a recession and Disney was established just as the Great Depression began in the early 1930s.

As noted by Paymentsense:

“Throughout 2020 a lot of new businesses began to emerge, with the third quarter of 2020 seeing more businesses created than in the past three years with 221,020 new companies being created. Although we’re all experiencing a tough economic landscape, there’s clearly been new growth – with people using this time to build their own business.”

Since March of last year, business opportunities have flourished due to the “growing ability to work from the comfort of your own home” (working remotely). With “over a year in restrictions and lockdowns, a large majority of the U.K. have begun to rethink big-city life,” the Paymentsense report mentioned.

The report further noted that during the past year, IT jobs have been “the most in-demand remote roles with just over 26,000 advertised in the past year.” While these roles were the “most advertised,” the search interest in these jobs actually dropped last year (declining by 41.94%), the report revealed.

The report also noted:

“By contrast, the highest searched for a remote role in 2020 was administrative work, receiving an increased search volume of 215% over the past year. Looking at all the remote jobs advertised in the UK for 2020 it’s no surprise to see that London has the most advertised along with the highest average salary of £56,397. Reading had the second-highest paying remote roles at an average of £47,369, with Edinburgh just slightly lower with an average salary of £47,056.”

You may check out the full UK job market report from Paymentsense here.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/04/174728-london-fintech-paymentsense-reports-many-new-uk-businesses-being-launched-in-2020-following-covid-outbreak/

Crowdfunding

Elon Musk Yanks Tesla Purchases with Bitcoin Due to Mining Cost, Bitcoin Tanks

Avatar

Published

on

Elon Musk has once again altered the trajectory of a cryptocurrency – this time with  Bitcoin. Via Twitter, Musk announced that Tesla will no longer accept Bitcoin due to concerns regarding the cost and affiliated energy usage in Bitcoin mining.

Musk stated:

“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at a great cost to the environment.”

Musk added that Tesla will NOT be selling any Bitcoin and will use it for transactions while looking at other more energy friendly cryptocurrencies.

Following his Tweet, Bitcoin tanked to under $50,000.  Just last month, Bitcoin topped $63,000.

Musk continues to hold an impressive sway over the trajectory of the crypto markets. Following his appearance on Saturday Night Live, where he admitted Dogecoin was a hustle (in jest), the cryptocurrency quickly dropped in value too.

Now yesterday, Musk posted a survey on Twitter asking followers if Tesla should accept Dogecoin. Out of almost 4 million votes, over 78% of responders said yes. So perhaps you will be able to buy a Tesla with Doge? It could happen….

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175296-elon-musk-yanks-tesla-purchases-with-bitcoin-due-to-mining-cost-bitcoin-tanks/

Continue Reading

Crowdfunding

Tencent Finance Academy and Hong University of Science and Technology to Support Fintech Education Programs

Avatar

Published

on

The Hong Kong University of Science and Technology (HKUST) has reportedly committed to a Memorandum of Understanding (MoU) with the Tencent Finance Academy (TFAHK) in order to support local Fintech talent.

By leveraging HKUST’s solid academic foundation in Fintech and Tencent’s extensive industry experience, the MoU will focus on forming a strategic partnership in supporting the development of financial technology solutions. This will be achieved by assisting talented individuals (in Hong Kong) and working cooperatively on education, research and development (R&D) initiatives.

Per the MoU, HKUST and Tencent Finance Academy have agreed to work on various Fintech case studies for tertiary education, with the aim to offer real business solutions. Students can expect to improve their knowledge on Fintech platforms by taking part in this initiative.

HKUST and Tencent Finance Academy will also work cooperatively on creating a curriculum for Fintech, with HKUST leveraging Tencent’s business experience in order to support the development of an innovative talent model.

Other projects reportedly include key internship opportunities for HKUST students, joint Fintech-focused R&D initiatives, guidance on carrying out research and various educational outreach programs to enhance public awareness of the benefits of Fintech solutions.

Hong Kong’s Chief Executive Carrie Lam stated (during her speech):

“I thank TFAHK for its long-standing commitment to and support for nurturing young fintech talents, and I hope all young people attending the forum today can equip themselves to take part in the integration of fintech development in the GBA. This will provide better career development for themselves and contribute to the development of Hong Kong, the GBA and the nation.”

HKUST President Professor Wei Shyy remarked:

“We have launched our first fintech postgraduate program jointly by Schools of Business and Management, Engineering, and Science. We have also been actively collaborating with multiple banks and other enterprises. Today we are delighted to join hands with Tencent to further our efforts on creating new knowledge and nurturing talent in a context which HKUST can make substantial contributions.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175259-tencent-finance-academy-and-hong-university-of-science-and-technology-to-support-fintech-education-programs/

Continue Reading

AI

London based Napier, Provider of Anti Financial Crime Compliance Tools, to Offer Transaction Screening to ClearBank

Avatar

Published

on

London-based Napier, a provider of anti-financial crime compliance solutions, has revealed that it will be offering ClearBank, the Cloud-powered clearing bank, with its Transaction Screening system.

As a purpose-built, tech-enabled clearing bank, ClearBank provides Cloud-based banking services to financial service providers, FCA-regulated companies and Fintech firms.

ClearBank‘s updated Transaction Screening system, developed on Napier’s AI-powered tech stack, will enable ClearBank to identify sanctioned persons and other entities in payments. The system should also help lower the number of false positives and provide accurate alerts on potential risks.

Stuart Morley, CIO at ClearBank, stated:

“As with all financial organisations, it is imperative that ClearBank has a robust sanction screening program in place to support the industry in its constant battle against financial crime. Having gone through a thorough vendor selection process, we are delighted to have now joined forces with Napier, whose next-generation technology and AI-enhanced capabilities are leading the way in AML compliance. We feel this has the potential to become a long-term partnership with the RegTech provider.”

Napier works cooperatively with institutions like ClearBank to offer its AI-powered platform for “intelligent” KYC, AML and trade compliance. The company reports doubling its yearly revenue. Recently, Napier has also been focused on strengthening its senior management team while onboarding new global clients.

Andy Maguire, the former HSBC Group COO and BCG Global Banking Chair, has joined Napier as a Board Advisor. The Regtech firm has also been named as the official anti-money laundering (AML) and counter-terrorism financing (CTF) tech platform for Australia Post.

Julian Dixon, CEO at Napier, remarked:

“We are honored to be the vendor of choice to help ClearBank supercharge its Transaction Screening. Our technology will help provide its agency and transaction banking services with a faster, smarter way to meet regulatory requirements while driving business efficiency. We are going to be building on this new relationship with ClearBank by partnering on future cutting-edge product development too, so there’s a lot to look forward to that will really raise the bar for the industry as a whole.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175249-london-based-napier-provider-of-anti-financial-crime-compliance-tools-to-offer-transaction-screening-to-clearbank/

Continue Reading

Crowdfunding

JPMorgan Is Working with Bahrain’s Central Bank and Bank ABC to Launch Real-Time Cross-Border Payments, May Work on CBDCs Later

Avatar

Published

on

The reserve bank of Bahrain is reportedly working with J.P. Morgan (NYSE:JPM) and Bank ABC in order to launch a real-time cross-border payments system (as part of a digital currency settlement pilot program).

Bank ABC and J.P. Morgan will be conducting tests including the transfer of money from and to the Middle Eastern Kingdom of Bahrain in USD or for payments made by buyers to suppliers.

The central bank of Bahrain will be serving as a key partner in the pilot program carried out between the local Bank ABC and J.P. Morgan. It’s expected that this partnership and program will be extending further and may include the development of a central bank digital currency (CBDC).

H.E. Rasheed Al-Maraj, Governor of the Central Bank of Bahrain, stated:

“We at the Central Bank of Bahrain are extremely pleased to announce this collaboration which is in line with our vision and strategy to continually develop and enrich the capabilities extended to the stakeholders within our financial services sector in the Kingdom using emerging technologies. Through this pilot with J.P Morgan and Bank ABC, we aspire to address the inefficiencies and pain-points which exist today in the traditional cross-border payments arena.”

Ali Moosa, Vice Chairman of Wholesale Payments at J.P Morgan, remarked:

“J.P. Morgan ONYX has been setup with the mandate to lead the buildout of next generation clearing and settlement infrastructures and we are delighted to partner with a leading central bank and regulator like the CBB and an innovation-focused partner like Bank ABC to lead the buildout of a next generation payment and settlement infrastructure.”

The rapid advancement of Fintech platforms is allowing companies and businesses across the globe to conduct seamless digital transactions instantly and at very low costs.

As reported recently, DBS teamed up With JPMorgan and Temasek in order to launch blockchain-based cross-border payments.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175262-jpmorgan-is-working-with-bahrains-central-bank-and-bank-abc-to-launch-real-time-cross-border-payments-may-work-on-cbdcs-later/

Continue Reading
Aviation4 days ago

JetBlue Hits Back At Eastern Airlines On Ecuador Flights

Cyber Security5 days ago

Cybersecurity Degrees in Massachusetts — Your Guide to Choosing a School

Blockchain4 days ago

“Privacy is a ‘Privilege’ that Users Ought to Cherish”: Elena Nadoliksi

AI2 days ago

Build a cognitive search and a health knowledge graph using AWS AI services

Cyber Security5 days ago

Cybersecurity Degrees in Texas — Your Guide to Choosing a School

Blockchain1 day ago

Meme Coins Craze Attracting Money Behind Fall of Bitcoin

Energy3 days ago

ONE Gas to Participate in American Gas Association Financial Forum

Esports3 days ago

Pokémon Go Special Weekend announced, features global partners like Verizon, 7-Eleven Mexico, and Yoshinoya

Fintech3 days ago

Credit Karma Launches Instant Karma Rewards

Blockchain4 days ago

Opimas estimates that over US$190 billion worth of Bitcoin is currently at risk due to subpar safekeeping

SaaS4 days ago

Blockchain11 hours ago

Shiba Inu: Know How to Buy the New Dogecoin Rival

Esports2 days ago

Valve launches Supporters Clubs, allows fans to directly support Dota Pro Circuit teams

SaaS4 days ago

Blockchain4 days ago

Yieldly announces IDO

Esports4 days ago

5 Best Mid Laners in League of Legends Patch 11.10

Cyber Security3 days ago

Top Tips On Why And How To Get A Cyber Security Degree ?

SaaS4 days ago

Blockchain1 day ago

Sentiment Flippening: Why This Bitcoin Expert Doesn’t Own Ethereum

Business Insider2 days ago

Bella Aurora launches its first treatment for white patches on the skin

Trending