Sectors

This Sunday marks the first anniversary of the Open Banking initiative.

A recent decision was taken by the UK government to make Bans on Assignment clauses null and void. These clauses made it very difficult for many UK businesses to gain access to the finance they need to grow and meet objectives.

With revolutionary technology upending the world of financial services at an ever-increasing pace, it can be difficult to keep up with what’s happening in the world of fintech.

HMRC’s deadline for Making Tax Digital (MTD) for VAT may have slipped back to October 2019 for certain businesses, but its aim to be the “most digitally advanced tax administration in the world” has not changed.

Digital currencies and the associated breakthroughs, such as the blockchain, offer a number of benefits and new use cases for incumbent financial service providers and innovators alike.