Banking

New releases from the Bank of England have shown record numbers of businesses using government-backed loans to stay afloat. For smaller companies, however, the loan schemes continue to fall short of their needs.

Leaving interest rates at rock bottom levels, the UK’s central bank has expanded its bond-buying programme in a bid to lessen the economic damage of the COVID-19 pandemic.

The challenger bank’s drop in value follows a round of layoffs at the beginning of June, as industry experts predict a wave of “down rounds” for fintechs.

As the COVID-19 pandemic accelerates our shift towards a cashless economy, it is important to ensure that the transition is seamless – and to be prepared for the new financial reality on the other end.

Due to rapid technological advancements, Artificial Intelligence (AI) is now found in various aspects of our daily lives – though most of us are often completely unaware of how often we use it. Digital banks and other innovative companies…