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Home Uncategorized UK Fintech News Roundup: The Latest Stories

UK Fintech News Roundup: The Latest Stories

Tandem Bank introduces top-ups to existing interest rates

Tandem Bank, the UK-based green digital bank, has launched an interest rate top-up for its instant access savings accounts. The top-up will enable Tandem customers to apply the rate to their instant access savings account, adding an increased rate on top of their existing rate.

The top-up will apply for 12 months once added. Ben Mitchell, director of savings at Tandem Bank, said the bank has made it simple for customers to Top Up their current instant access interest rate.

CJ Lang partners up with RELEX

Independent retailing and distribution company CJ Lang & Son Ltd has partnered with RELEX, a provider of unified supply chain and retail planning solutions, to automate and optimise their supply chain processes.

RELEX aims to provide integrated store and DC forecasting and replenishment and to improve allocations and promotional forecasting for CJ Lang & Son Ltd, the wholesaler for SPAR in Scotland.

Jason Berry, VP Sales EMEA at RELEX Solutions, said the company is excited to add value to CJ Lang’s business and help them automate and streamline their operations.

London employment monitor 2022 released by Morgan Mckinley

The number of jobs in financial services in London is close to reaching 2019 levels of hiring, according to Morgan McKinley’s 2022 ‘London Employment Monitor’. The report found a 36% increase in job seekers for 2022 from 2021.

Despite this, there was also a 16% increase in jobs available for the same period. The recruitment monitor for Q4 2022 showed an 8% decrease in jobs available compared to Q3 2022.

Morgan McKinley attributed this to the unsettled economic situation and holiday season.

Multi-bank kiosks provided by Newcastle Building Society

Newcastle Building Society is collaborating with shared bank branch innovator OneBanx to provide access to a multi-bank kiosk. Keeping cash alive and keeping UK high streets vibrant are the aims of the partnership.

The kiosks use open banking technology to allow customers of any bank in the open banking network to withdraw and deposit cash from their accounts.

The building society aims to provide access to the kiosk in two of its branches in the North East and North Yorkshire.

Huge wage increase for Melton

Melton has seen the biggest increase in wages this past year, with an hourly pay increase of 35%, revealed UK financial services provided CMC Markets.

The village had an average hourly pay of £13.33 in 2021, increasing to £17.99 in 2022.

Maldon took second place, following an average hourly pay increase of 31.77%. The Cotswold area, located in Gloucestershire, takes third place.

Reseller channel launched by iplicit

Accounting software provider iplicit is set to launch a reseller channel to enable its partners to offer true-cloud accounting software to growing businesses and land new, larger clients.

The channel programme will allow resellers to fill a gap in their portfolios, enabling them to retain their existing customers as those businesses grow while developing new and recurring revenue streams.

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