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The future of digital investing during the coronavirus is a battle of two-sides. On one side you have the increased usage of online services and a greater number do-it-yourself (DIY) investors, and the other has a coyness from managed proposition users and more uncertainty from decision makers.
More than two-thirds of UK SMEs seem to believe they can return to pre-coronavirus levels at the start of 2021, according to new research...
ClearBank and Tide have formed a partnership to help UK SMEs recover from the coronavirus crisis.
Small business loan provider iwoca has reportedly raised £100m in funding to increase its capabilities as a Coronavirus Business Interruption Loan Scheme (CBILS) provider.
Things look to be going from bad to worse for UK challenger bank Monzo. After suffering a 40% down round in June, the bank has now revealed its annual losses have doubled due to the pandemic.
Travel insurance has been hit hard by the Covid-19 pandemic. There’s no need for buying a policy when you can’t leave your house, but as the lockdown measures begin to ease, holidays will be top of people’s priorities, giving travel insurance a much needed resurgence. Air Doctor has issued a white paper exploring the opportunity ahead.
The ripple effects of the coronavirus pandemic could cause companies to de-prioritise their digitalisation, but Nucoro believes that would be a “significant missed opportunity.” Instead of stopping, firms should be doubling down.
The pandemic has forced financial service firms to reconsider their digital defences or risk falling victim to cyber attacks.
When major FinTech companies like Monzo suffer a down round, it can causes a cloud of fear over the market, but there will still be a need for digital financial and insurance solutions post-pandemic.
While many have predicted that artificial intelligence could change how financial services operate, Kidbrooke notes that the revolution has yet to manifest. Could Covid-19 change that?