London-based challenger bank Metro Bank has launched a new payment function on its mobile banking app.
The function has been designed to provide the bank’s customers with more choices when managing their payments through the bank’s app, at the store, online or via phone.Read more >>
The latest CBI/Pertemps Network Group Employment Trends Survey has shown that businesses continue to be optimistic about creating jobs in 2018, despite uncertainty over Brexit.
The survey, which is in its 20th year, interviewed 299 businesses employing one million people and found that more than 50 per cent will be taking on more staff in the New Year.Read more >>
Research from management consultant company Accenture has shown that retailers are eyeing the potential benefits of Open Banking.
The study surveyed nearly 80 payments executives from large retail companies to find out how they are planning to respond to the Revised Payments Services Directive, which is set to be introduced in January 2018.Read more >>
Research from the British Business Bank and the UK Business Angels Association (UKBAA) has shown an increase in angel investment in the UK.
The study revealed more than 40 per cent of angels invested more in 2016 than in the previous year.Read more >>
Research from specialist PR firm for the recruitment industry ClearlyPR has shown that the number of start-ups in the recruitment industry in 2017 has reached a record high.
The figures, which were obtained under a Freedom of Information Request from Companies House, showed that 9,001 recruitment agencies have been started since January 2017, bringing the total number of agencies now trading in the UK to a record high of 35,275.Read more >>
Research from investment management company Legg Mason has found that nearly half of millennials in the UK want to set up their own business.
The company’s fifth annual Global Investment Survey explored the views of 15,300 people and found that more millennials in the UK are setting the goal of starting up their own company.Read more >>
A study carried out by online investment platform SyndicateRoom with research company Beauhurst has shown fintech companies are growing twice as fast as start-up businesses from other sectors.
The study looked at more than 500 UK start-ups and found there has been a 63 per cent annual growth in the value of early-stage investments in financial services firms, compared to 30 per cent for start-ups in other sectors.Read more >>
London is leading the way for entrepreneurial spirit, with the city topping the latest Barclays Entrepreneurs Index.
The index, which monitors start-up activity, new business growth and the exits of young enterprises, showed that whilst the future of young businesses is uncertain, London is still the main driver of entrepreneurial activity.Read more >>
Data from the Cambridge Centre for Alternative Finance has shown an increase in demand for alternative finance services in the UK.
The figures showed growth across the UK’s alternative finance market, including crowdfunding, invoice trading, and marketplace lending. The date found a year-on-year rise of 43 per cent in 2016 from £3.2 billion to £4.58 billion.Read more >>
Companies in the financial services sector are bringing jobs back to the UK as offshore regions face rising prices and skills shortages, according to research from recruitment company Robert Half Financial Services.
The research showed an increase in the level of onshoring amongst financial services executives, with 59 per cent of businesses transferring their offshored business operations back to the UK, which could result in a jobs boost in the financial services sector.Read more >>
A recent study carried out by recruitment company Robert Walters highlighted the importance of career development among women. They found that 94 per cent of females believe mentoring programmes are valuable to helping them develop their career.
The research showed a lack of development programmes in the workplace, with 45 per cent of businesses surveyed offering no development schemes and 18 per cent of employers not offering any career development opportunities at all.Read more >>
The latest IHS Markit/REC Report has shown that the number of permanent placements increased at the fastest pace for three months in November.
The report identified the sectors that saw the biggest increase in permanent staff vacancies, with accounting and financial seeing the highest rise, followed by IT and computing.Read more >>
Research commissioned by data management vendor Relay 42 has shown that digital-only banks are becoming increasingly popular with Brits, with 27 per cent having already moved to a mobile-only bank and 26 per cent considering doing so.
The study surveyed over 2,000 Brits and identified the main reasons for respondents choosing to switch to digital-only banks, with more than half citing a better online experience and functionality.Read more >>
A report from Travelex Currency Solutions has found nearly 60 per cent of UK consumers want access to a banking marketplace to enable them to manage multiple accounts more easily.
The study surveyed 1,000 UK consumers and found that the number of money-related accounts has increased, with more consumers choosing to open accounts with fintech companies and challenger banks.Read more >>
A new survey from the Institute of Directors (IoD) has shown that UK entrepreneurs are feeling confident, with those who run young companies feeling more positive than those running established companies.
The research surveyed 628 members from entrepreneur group IoD99 and found that 83 per cent of entrepreneurs are feeling optimistic about their business prospects over the next year, compared to just 56 per cent of businesses in the IoD overall membership, who were surveyed in separate research.Read more >>
Research from financial services company Hargreaves Lansdown has revealed the top financial employee benefits.
The company’s report, entitled Workplace benefits, surveyed a total of 349 employers across the UK and found that workplace pensions are one of the most valuable financial benefits for employees, with this being cited by 36 per cent of respondents.Read more >>
More people in Britain are taking advantage of mobile payments, according to research from payment systems company Vocalink.
The company’s State of Pay 2017 report surveyed more than 2,000 British consumers across all age groups. They found that payment services provided by applications including Apple Pay, for example, are rising in popularity across the UK.Read more >>
Research from Robert Half has revealed which jobs will see the biggest salary increases in 2018, with several finance roles making the list.
The Robert Half 2018 Salary Guide revealed that junior developers top the list.Read more >>
Millennials are using their knowledge of technology and social media platforms to seek out new online investment platforms, according to a report from peer-to-peer (P2P) business lending platform ArchOver.
The report, entitled Next Gen: Investors and Savers, questioned 2,000 UK adults on how they feel about risk and investment in the current climate and found that more than 65 per cent are savers, with these respondents choosing banking methods such as savings accounts and pensions.Read more >>
Research from CV-Library has shown an increase in salaries across the UK, with a rise of 1.3 per cent last month compared with October.
The latest job market data also showed a rise of 1.9 per cent in salaries in November since the previous year, with many key sectors seeing growth.Read more >>
The latest Barclays Entrepreneurs Index has shown London continues to be the UK’s top city for entrepreneurship, with the number of high-growth businesses in the city increasing by 9 per cent year-on-year.
The annual index showed that the city accounts for 37 per cent of the UK’s high-growth companies and also has the highest overall number of private equity-backed companies at 204.Read more >>
Research from recruitment company Hays has shown two-thirds of financial firms will go ahead with their recruitment plans in 2018, despite Brexit.
The research surveyed more than 900 UK employees and employers from the banking and finance sectors.Read more >>
The Department for Business, Energy and Industrial Strategy (BEIS) has estimated that small and medium-sized businesses in the UK accounted for 60 per cent of employment in the private sector in the past year.
The figures showed that the number of SMEs in the UK has hit a record high of 5.7 million, up by 200,000 from last year and an increase of 2.2 million since the start of the millennium.Read more >>
Emerging banking technology is creating opportunities for finance brokers, according to asset finance company Copernicus.
The company said finance brokerages in the UK can offer personalised services by investing in better technology.Read more >>
Sixteen businesses that have accessed responsible business finance have been announced as finalists at the Citi Microentrepreneurship Awards.
The awards, which are run by the Citi Foundation in partnership with Responsible Finance, are a celebration of the best emerging micro-entrepreneurs and the responsible business finance providers that support themRead more >>