Vale & West Chartered Accountants Blog

Category Archives:Banking

Open banking allows accountants to deliver added value for clients

A new survey has found that more and more SMEs are turning to open banking to make their businesses more efficient, a move that offers accountants opportunities to deliver added value to clients.

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Small businesses “do not trust” Open Banking software

Open Banking legislation has done little to increase competition or reduce costs in the payments market, a major report has revealed. Read More

Small businesses raise millions through Bank Referral Scheme, figures show

More than 1,700 businesses have been granted alternative finance options through the Bank Referral Scheme (BRS) after being turned down for traditional business loans, new figures reveal. Read More

Victims of scams to be refunded by banks

Thousands of people who fall victim to scams are to receive new protection, after a number of the UK’s biggest banks agreed to introduce a new code. Read More

Businesses urged to consider vulnerable people’s access to financial services

MPs have urged businesses to consider vulnerable people’s access to financial services, with talk of the UK becoming a cashless society. Read More

BoE holds interest rates as businesses cut back on investment ahead of Brexit

The Bank of England’s (BoE) Monetary Policy Committee (MPC) has unanimously voted to maintain the UK interest rate at 0.75 per cent amid uncertainty about the potential nature and timing of the UK’s withdrawal from the European Union. Read More

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