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Nostrum Group launches Virtual Finance platform

10th March 2015
Nostrum Group, a loan management software provider, launched its new Virtual Finance lending platform at Finovate Europe 2015 conference in London in February. The new platform offers a fully digital account management experience and interacts with customers in a conversational style to help them carry out day-to-day tasks in their loan account. The interface replicates […]
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Europe-wide VAT fraud network thwarted

10th March 2015
Law enforcement and prosecution authorities from Germany and the Netherlands, supported by Eurojust and Europol, have dismantled a gang responsible for defrauding Member States of approximately €150 million in a joint action targeting VAT fraud. Nine individuals were arrested and 26 premises searched. The coordinated action was initiated by the Prosecution Office for Serious Fraud […]
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UK business turnover exceeds Germany’s mid-market

9th March 2015
Mid-sized businesses in the UK have weathered the global downturn better than those in the renowned German Mittelstand, according to new figures released by business advisory and accountancy firm BDO. BDO’s snapshot of the European mid-market shows that the turnover of the UK's mid-sized firms (€1.92 trillion) now exceeds that of the German Mittelstand (€1.78 […]
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How to Choose the Best Auto dialer for your Business?

9th March 2015
For most of the small- and large-scale businesses, choosing the best services and products is a challenging task which can be accomplished after a lot of hard work and concentration. However, in a call center landscape, things get a little easier. Because there are only a few of the software that can help increase productivity […]
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Active managers outperform passive in UK

9th March 2015
The average UK fund has returned 90% since December 1999, this compares with a return of 68% from the FTSE 100, with dividends re-invested, according to UK investment management firm Hargreaves Lansdown. With UK managers increasingly investing outside the big blue chips of the FTSE 100, Hargreaves Lansdown says it is more appropriate to compare […]
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Selling London

6th March 2015
Alan Yarrow, Lord Mayor of the City of London
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Editor's letter - March 2015

6th March 2015
It’s been something of a monumental month for the team here at Finance Monthly. I was fortunate to meet with the Lord Mayor of the City of London, Alan Yarrow, for an in-depth interview on the past, present and future state of the UK’s finance industry, at the start of February. This month we also […]
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Lloyds to pay first dividend in six years

27th February 2015
Lloyds Banking Group has announced it is to pay its first shareholder dividend in six years after posting a much improved financial performance for 2014. The bank announced a statutory profit before tax of £1.8 billion, a considerable increase on 2013’s figure of £0.4 billion. As a result, it is recommending a dividend of 0.75 […]
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RBS posts loss of £3.65 billion for 2014

26th February 2015
The UK’s RBS Group announced an attributable loss of £3,470 million (€4.7 billion) in 2014, compared with a loss of £8,995 million (€12.3 billion) in 2013, when it posted its 2014 financial report today. However, the beleaguered banking group said it was making further progress towards a stronger, safer and more sustainable business. “Last year […]
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One Bank research agenda launched today 

25th February 2015
The Bank of England today launched its new One Bank Research Agenda – an ambitious and wide-ranging framework to transform the way research is done at the Bank. The One Bank Research Agenda aims to improve the coordination and openness of the Bank’s research across all policy areas, to ensure the Bank makes the best […]
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FTSE breaks through record high

25th February 2015
Yesterday the FTSE 100 recorded its highest closing price ever, finishing at 6,949.63, higher than its previous best of 6,930.2, recorded on December 30, 1999, when the dot come boom was at its height. In the same day, the FTSE also broke its previous highest intraday price, also achieved on that same day, of 6,950, […]
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