Fintech PR

Compare the Market partners with Swoop Funding to enhance SME access to finance

Published

3 days ago

September 16, 2024

compare-the-market-partners-with-swoop-funding-to-enhance-sme-access-to-finance

LONDON, Sept. 16, 2024 /PRNewswire/ — Swoop Funding, the leading financial platform that streamlines access to business funding, is proud to announce its new partnership with Compare the Market, one of the UK’s leading comparison websites. This collaboration aims to provide UK small and medium-sized enterprises (SMEs) with even greater access to the diverse range of funding products to help them thrive in today’s economic environment.

In 2023 SMEs accounted for over 99% of the business population, however, despite their significance, many SMEs continue to face substantial barriers when it comes to securing the finance they need. A 2023 report by the British Business Bank revealed that 32% of SMEs found it difficult to obtain external financing, with many citing a lack of awareness about available options as a major obstacle.

The new partnership between Swoop Funding and Compare the Market directly addresses this challenge. By integrating Swoop’s advanced funding platform with Compare the Market’s extensive reach and user-friendly interface, SMEs will now have easier access to a wide range of financing options. This collaboration is particularly timely given that an estimated 45% of SMEs in UK are unaware of the full range of funding options available to them, according to the Federation of Small Businesses.

“UK SMEs are the lifeblood of our economy, but too often they struggle to find the right funding to support their growth,” said Andrea Reynolds, CEO of Swoop Funding. “Our partnership with Compare the Market is designed to remove these barriers by providing a simple, one-stop solution where SMEs can compare and access financial products tailored to their specific needs. Together, we are committed to empowering SMEs to navigate the financial landscape with confidence.”

The partnership will also tap into the growing trend of alternative finance, which is expected to reach approximately £14 billion in 2024. This surge underscores the importance of making non-traditional financing options more accessible, one of this partnership’s key goals.

Bez Arbabzadah, Chief Financial Officer at Compare the Market, commented, “At Compare the Market, our purpose is to make great financial decision making a breeze for everyone. By partnering with Swoop Funding, we are enhancing our customer offering to deliver helpful and important financial solutions to the businesses that need them most. We hope that this partnership will help SMEs thrive and enable them to seize new opportunities for growth.”

The Swoop Funding and Compare the Market partnership is now live, offering SMEs an enhanced experience in finding and securing the funding they need to succeed. For more information, visit https://www.comparethemarket.com/business-finance/.

For media inquiries, please contact:

Swoop Funding: Charlotte Forsberg: [email protected]
Compare the Market: Press office: [email protected]

About Swoop Funding

Swoop Funding is a comprehensive financial platform that helps businesses discover and access the right funding solutions across loans, equity, and grants. By working with over 1,000 funding providers, Swoop ensures that businesses can secure the financing they need, when they need it.

About Compare the Market

Compare the Market was launched in 2006 and has grown rapidly over the past eighteen years to become one of the UK’s leading price comparison websites.

Compare the Market provides customers with an easy way to make the right choice for them on a wide range of products including motor, home, life, travel and pet insurance as well as utilities and money products such as credit cards and loans.

Compare the Market actively works with its brand partners to help provide great services to customers.

Compare the Market is a trading name of Compare The Market Limited. Registered in England No. 10636682. Registered Office: Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS. Compare The Market Limited is authorised and regulated by the Financial Conduct Authority for insurance distribution (Firm Reference Number: 778488). Energy and Digital products are not regulated by the FCA.

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Fintech PR

Savl Rebrands to Unity Wallet and Launches Loyalty Program, Boosting User Experience and Value

Published

5 mins ago

September 19, 2024

CISION (PR Newswire)

Known for its exclusive tools and unique features, Unity Wallet delivers the most comprehensive self-custodial crypto wallet and Web3 experience, for seamless and secure DeFi management.

LONDON, Sept. 19, 2024 /PRNewswire/ — Savl, the self-custodial crypto and Web3 wallet that combines industry-leading encryption, unique functionality, and intuitive design has rebranded to Unity Wallet, signifying a new era for the project.

With a mission to unlock DeFi’s potential for everyone, Unity Wallet promotes broader self-custody adoption through an intuitive, user-friendly design paired with industry-leading encryption and security.

Launched in 2020, Unity Wallet operates in over 100 countries and has generated more than 1 million wallets. Its innovative features set it apart, including a built-in social community, sub-accounts, staking, WalletConnect, encrypted messenger, and the unique Know Your Transaction (KYT) function, which allows users to assess risks on wallet addresses, protecting against fraudulent activities and ensuring a safer self-custodial crypto and Web3 wallet experience.

Further expanding its offerings, Unity Wallet now actively rewards its users through its recently launched loyalty program. Rewardable actions include buying, selling, swapping, sending, staking and socially engaging with other users. Points can then be used to progress through program tiers, reduce transaction fees, enjoy up to 50% cashback on cross-chain and DEX swaps, and be redeemed for additional sub-accounts, KYT checks, unique perks, and 24/7 dedicated support.

James Toledano, Chief Operating Officer of Unity Wallet, said, “Since its inception, our mission has been to simplify access to crypto. As the crypto landscape has evolved, so has Unity, leading to this rebrand and marking a pivotal point in our journey. Our new name reflects our commitment to providing a unified, accessible, and empowering user experience for all. The loyalty program is a key step towards this vision, designed not only to reward our community but also to drive the broader adoption of decentralized finance and enhance user experience and value.”

Unity Wallet can be downloaded via the Apple App and Google Play stores. For more information on the loyalty program visit https://www.unitywallet.com/loyalty-program.

About Unity Wallet

Unity Wallet is a self-custodial crypto and Web3 wallet that combines industry-leading encryption, unique functionality, and intuitive design. Launched in 2020 as a solution to the fragmented nature of existing wallets, Unity Wallet is a sleek alternative to complicated experiences. It operates across 100+ countries, with an impressive track record of 1,000,000 wallets generated. Its innovative features set it apart, including a built-in social community, encrypted messenger, and its unique Know Your Transaction (KYT) function, enabling users to conduct risk assessments on wallet addresses to safeguard against illicit activities. Unity Wallet safeguards user assets with a robust set of security measures, including a 24-word recovery phrase, anti-theft pin codes, and optional FaceID authentication, all powered by cutting-edge cryptographic algorithms and protocols. With its comprehensive suite of services, users can effortlessly engage in buying, selling, and storing over 250 cryptocurrencies, as well as cross-chain and DEX swapping across 100s of trading pairs, along with the ability to stake assets and create multiple sub-accounts for optimized asset management. Unity Wallet also facilitates the purchase of everyday products and services in over 190 countries using cryptocurrency, while its advanced WalletConnect integration grants access to the Web3 world and thousands of decentralized apps (DApps).

View original content:https://www.prnewswire.co.uk/news-releases/savl-rebrands-to-unity-wallet-and-launches-loyalty-program-boosting-user-experience-and-value-302253344.html

Fintech PR

Experian Research: GenAI and data-driven decisioning are key competitive advantages for global business leaders

Published

5 mins ago

September 19, 2024

CISION (PR Newswire)

experian-research:-genai-and-data-driven-decisioning-are-key-competitive-advantages-for-global-business-leaders

LONDON, Sept. 19, 2024 /PRNewswire/ — Experian’s latest research, conducted by Forrester Consulting, delves into the strategies of senior decision-makers in the financial services and telco sectors across EMEA and APAC. The survey of over 1200 C-suite and Director level leaders in Australia, Denmark, Germany, India, Italy, New Zealand, Norway, South Africa, Spain, and the Netherlands reveals how businesses are leveraging Generative AI (Gen AI), consolidating datasets to improve decisioning models, and prioritizing customer experience to navigate challenging economic conditions and technological disruption.

The race to harness GenAI is well underway

Business leaders identified technological disruption as the third largest external factor impacting their business in the coming two years, putting emphasis on the race toward AI supremacy to improve business efficiencies and reduce costs. Sixty-eight percent of participants believe that competitive advantage in their industry will be dependent on who can make the best use of AI, and nearly three-quarters (73%) of the technology leaders are exploring GenAI use cases with a view to implement them within the next year.

Technological disruption is a catalyst for improving customer experience

Survey respondents highlighted a centralised cloud-based platform as a notable factor to improve risk strategy. Nearly half (47%) foresee additional credit stress and tightened lending criteria. Many risk leaders (42%) also indicated that the top risk priority is to improve the ability to identify financially vulnerable customers. Integrating data sources, leveraging AI and streamlining data-to-insight-to-action processes to enable lenders to achieve a holistic borrower view, improve customer relations and foster lending practices.

Combining datasets into a single cloud-based platform is key to enhancing analytical capability

Data and analytics leaders are prioritising a unified platform for siloed datasets to accelerate AI/ML model development and deployment. More than half (55%) of respondents believe current development times are too long, with 48% stating that they are updating their models more frequently due to shifting consumer behaviour.

“This year’s research highlights the growing importance of AI and data analytics for businesses seeking a competitive edge,” says Malin Holmberg, CEO, EMEA & APAC, Experian. “While we are still facing broader macroeconomic challenges, the majority of leaders remain optimistic about future growth and increased technology investment.”

Download the full report here.

About Experian

Experian is a global data and technology company, powering opportunities for people and businesses around the world. Learn more at experianplc.com.

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Contact: Yolanda Zondo, [email protected]

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Fintech PR

Itaú Private Partners with Addepar to Deliver a Comprehensive Global Investment Solution

Published

2 hours ago

September 19, 2024

CISION (PR Newswire)

Exclusive collaboration enhances wealth management services with cutting-edge data aggregation and performance reporting tools

NEW YORK, Sept. 19, 2024 /PRNewswire/ — Itaú Private, a leading provider of private banking services, has announced an exclusive partnership with Addepar, a global leader in technology and data solutions for investment professionals. This strategic collaboration grants Itaú Private exclusive access to Addepar’s comprehensive data aggregation and performance reporting platform in Brazil, enhancing the bank’s ability to deliver superior service and investment solutions to its advisors and clients.

Through this partnership, Itaú Private clients will gain access to powerful tools and detailed reports that provide insights into their global wealth—both onshore and offshore—including returns, transactions, historical data, and balances. These capabilities will enable a fully automated and personalized evaluation of each client’s unique financial interests and needs.

“The partnership with Addepar brings a new level of sophistication to the services we offer, allowing us to better align our solutions with each client’s distinct goals,” said Fernando Beyruti, Global Head of Itaú Private Bank. “This initiative also enables us to introduce an advisory model that evaluates clients’ total assets, deepening our relationships and reinforcing our commitment to client-centric services.”

Addepar serves a global client base, providing advanced financial technology solutions to investment professionals across more than 45 countries. The platform currently supports over $6 trillion in assets under management, offering robust data aggregation and performance reporting tools that empower clients to make better decisions and deliver more informed advice.

“We are excited to collaborate with a market leader like Itaú Private, enabling us to bring our advanced financial technology solutions to one of the most dynamic and innovative private banks in the world,” said Peter O’Brien, Global Head of Sales and Partnerships at Addepar. “Together, we are committed to empowering Itaú Private’s advisors with state-of-the-art tools that drive efficiency and deliver exceptional value to clients.”

About Addepar

Addepar is a global technology and data company that empowers investment professionals to deliver precise and informed guidance to their clients. Trusted by hundreds of thousands of users worldwide, Addepar’s platform aggregates portfolio, market, and client data for over $6 trillion in assets. The platform integrates with more than 100 software, data, and service partners, providing a comprehensive solution for a diverse range of firms and use cases. Addepar has a global presence, with offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, Dublin, Edinburgh, and Pune.

About Itaú Private

Itaú Private is a market leader with approximately R$ 880 billion in allocated capital—R$660 billion onshore and R$162 billion offshore (as of March 2024)—and holds around 30% market share in its segment in Brazil, according to data from Anbima. With a team of around 800 employees, including 350 professionals across its international offices in the United States, Portugal, Switzerland, and the Bahamas. Miami is Itaú Private’s international hub that provides clients with wealth management and banking products and services, including portfolio management and personalized advice by experienced investment professionals. In Switzerland, the conglomerate has a bank, and in the Bahamas, a trust management company, which helps to serve clients who have to set up investment structures abroad.