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Kantox closes $11 million Series B investment

3rd June 2015
Kantox announced that it has completed an $11 million Series B funding round, led by Partech Ventures and IDinvest Partners and with contribution from Cabiedes & Partners. All three firms are existing investors. This brings Kantox’s total funding to $19 million since its launch in 2011. Kantox’s peer-to-peer platform offers SMEs and mid-caps a cost-effective […]
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Finance Sector Under Threat From Mobile Phone Security

3rd June 2015
Brought up in a world where mobile devices are an integral part of everyday life, Generation Mobile is defined by a productivity-focused attitude that finds it as easy to share a status update as it does a password or mobile device with a colleague. This kind of workforce is both an asset and a threat […]
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Arkivum Launches New Public and Private Cloud Digital Data Storage Solutions

2nd June 2015
Arkivum, provider of digital data storage and archive services, announced the availability of two new digital data cloud storage solutions – Arkivum/1+1 and Arkivum/OnSite. With digital data volumes increasing exponentially, vast stores of information, knowledge and culture is now instantly accessible. This also means that mountains of important digital data are under constant threat from […]
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Advanced offers top tips for businesses wanting to adopt M2M technology

2nd June 2015
As service management organisations face greater demands to improve customer service, increase first-time fix rates and cut costs, many are evaluating evolving machine-to-machine (M2M) technologies to help them meet these challenges. M2M offers the ability to remotely connect devices, machines and equipment to the cloud, transforming them into business intelligence solutions to collect valuable data […]
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1 in 8 Scottish Adults Victims of Fraud Last Year

2nd June 2015
A new study by insolvency trade body R3 has revealed that 1 in 8 Scottish adults were victims of fraud last year. This is higher than the national UK average of 1 in 9 people being hit by fraudsters, and second only to London where 1 in 6 people were hit. R3 had previously described […]
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UK working two days longer to pay tax in 2015

1st June 2015
Taxpayers in the UK are working two days longer on average in 2015 than in 2014 before they stop paying taxes and start earning for themselves, warns ACCA (the Association of Chartered Certified Accountants). Tax freedom day – calculated annually by the Adam Smith Institute – falls on 31 May. The date at which tax […]
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Conditions for retailers likely to remain tricky despite rising sales volumes

1st June 2015
Data released by the Office for National Statistics showed that retail sales volumes increased by 1.2% in April, the strongest monthly increase since November 2014. The increase in activity seen over the past 12 months means that sales volumes in April were 4.7% higher than a year ago. Consumers appear to have hit the high […]
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Non-cash payments overtake cash payments for the first time

1st June 2015
Data from Worldpay, the UK’s leading payments processor, reflects a significant shift in the way British consumers are paying for goods, with High Street credit and debit card transactions rising just over 6% in 2014, following similar gains the previous year. Londoners are responsible for the single biggest year on year rise in card spending. […]
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FCA fines Barclays £284,432,000 for forex failings

29th May 2015
The Financial Conduct Authority (FCA) has imposed a financial penalty of £284,432,000 (€400 million) on Barclays Bank Plc (Barclays) for failing to control business practices in its foreign exchange (FX) business in London. This is the largest financial penalty ever imposed by the FCA, or its predecessor the Financial Services Authority (FSA). Barclays’ failure to […]
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European Bond Yields Latest

29th May 2015
There have been some interesting movements in the European government bond markets over the past 6 months, ranging from incredible negative yields on 10 year Swiss bonds through to almost 14% yields on Greek bonds. The percentage yield on ten year government bonds (effectively, a measure of the cost of borrowing for governments), as reported […]
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Commercial property lending reaches post-crash high as new lenders continue to enter the market

29th May 2015
New lending to commercial property increased by over fifty per cent and reached a six-year high in 2014, as non-traditional lenders entered the commercial real estate (CRE) market at record levels. The value of commercial property loan originations soared to £45.2 billion at year-end 2014, the highest figure since new lending reached £49.82 billion in […]
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Businesses Must Increase Tax Transparency, says EY

27th May 2015
Tax transparency is becoming the new norm as the OECD, European Commission and national governments demand more data from businesses. However, many companies do not have systems or resources in place to meet new requirements, according to EY’s report, entitled ‘A new mountain to climb: tax reputation risk, growing transparency demands and the importance of […]
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