Accounting & Finance
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One in three SME loans tied to personal assets
One in three SME loans now puts directors’ homes at risk. New data from Purbeck Insurance Services reveals a sharp rise in personal guarantee-backed borrowing among UK business owners, prompting fresh warnings over financial exposure and calls for government clarity ahead of the next fiscal statement.
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Barclays and Santander lead customer exodus
Barclays and Santander lead in net account switch losses. Barclays and Santander saw significant net losses in current account switches, while Nationwide gained the most customers. Technical outages affected customer retention at major banks.
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Corpay to acquire Alpha Group in £1.8 billion cash deal
Corpay moves to acquire UK-based Alpha Group International. The £1.8 billion all-cash agreement will see the London-listed payments and foreign-exchange provider become part of the U.S. financial services group. The deal extends Corpay’s reach into Europe’s institutional markets and highlights renewed overseas appetite for UK-listed fintech businesses.
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GoodData launches AI-native data platform for finance
GoodData has unveiled new AI-native data intelligence tools. The composable platform brings audit-ready automation and governance to banks, insurers, and financial institutions, combining regulatory compliance with scalable innovation across core financial operations.
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How smart data strategies power high-performing revenue operations
Smart data transforms revenue operations in the subscription economy. Lindsey Meyl, Vice President of Revenue Operations at iManage, explains how businesses shifting from acquisition-focused funnels to recurring growth models must rethink how data informs every stage of the customer lifecycle, using AI-powered insights to drive sustainable performance.
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UK inflation holds at 3.8% for third month in a row
UK inflation held at 3.8% for the third straight month. Annual consumer price inflation remained unchanged in September, according to the Office for National Statistics — extending a run of above-target readings that continues to test monetary and fiscal policy alike.
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Allica Bank acquires firm to boost SME lending
Allica Bank acquires fintech Kriya to boost SME lending capacity. The acquisition, announced on Wednesday, is Allica’s third, following its purchase of Allied Irish Bank’s SME portfolio and Tuscan Capital. Allica aims for £1bn in working capital finance.
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Over 400 UK firms earn fair payment recognition
Over 400 UK firms have been recognised for prompt payments. The Fair Payment Code aims to combat late payments costing the UK economy £11 billion annually. Businesses must demonstrate transparent payment practices to qualify for awards under the scheme.
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Chancellor signals tax rises and spending cuts in November budget
Rachel Reeves has admitted both tax rises and spending cuts are being considered. The chancellor told Sky News she was “looking at tax and spending as well,” confirming for the first time that both options are on the table as she works to address the UK’s growing fiscal gap.
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Zilch plans fintech IPO with new launch
Zilch CEO promises innovation in fintech as IPO scene heats. Philip Belamant, CEO of Zilch, has expressed excitement over the burgeoning fintech IPO market, highlighting Klarna’s successful debut as a positive indicator. Zilch plans to introduce unique offerings to public markets amid product expansions.