News in Numbers
UK businesses hold this amount in non-interest-bearing accounts despite rising rates and inflation eroding their cash's value, according to Lubbock Fine Wealth Management.
UK banks thwarted this amount in unauthorized fraud during H1 2023. UK Finance's report highlights that 77% of Authorised Push Payment fraud is initiated online and 17% via telecom networks.
Total asset finance new business (primarily leasing and hire purchase) grew in August 2023 by this amount compared with the same month in 2022, according to the UK’s FLA.
Accelerated Payments has provided €500 million in business funding over the past nine months, reaching this total amount on its sixth anniversary, the Irish invoice finance company said.
The percentage of Millennials and Gen-Z consumers who are turning to trusted brands for financial products over traditional banks, according to Vodeno/Aion Bank.