A joint venture between BACS and CheckFree will develop and promote the adoption of online bill viewing and payment services provided by UK high street banks. The joint venture will link billers and banks together to deliver electronic bills and statements to consumers throughout the UK. Martin Kearsley, managing director of the new company, said: ‘We are offering consumers in the UK the opportunity to view and pay their bills through their existing online bank – a single, regularly used, highly secure site – for the first time. No need to remember multiple passwords for each biller site, no need to write cheques, no need to miss a payment. There are significant business advantages for billers and banks to adopt the service, and I believe it will change the way consumers will manage their money.’ Recent research found that over 7 million UK adults regularly bank online, while 3 million of those claim to already view and pay some bills online.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.