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The U.K. Federation of Small Businesses FSB has released the results of a survey of small to medium-sized businesses SMBs embrace of open banking two years since the framework took hold and discovered that SMBs continue to distrust lenders.According to reports Monday Jan. 13 , fewer than one in seven SMBs surveyed said they are sharing financial data with third-party service providers, and according to the FSB, this lack of data sharing is holding SMBs back from reaping the benefits of open banking in the form of consolidating and streamlining accounting, invoice, payroll, tax, cash flow and
stanley mugs other financial information. Were two years on from the introduction of open banking, but very few small firms have reaped any benefit from it, said FSB Chairman Mike Che
stanley cup rry in a statement. The financial crash casts a long shadow. A lot of small business owners still dont trust lenders to do the right thing. The FSB surveyed 1,000 SMB owners a
stanley cup bout their data sharing habits.Also included in the findings is the fact that two-thirds of surveyed SMBs said they would not consider sharing their bank account data electronically with other financial service providers. About 40 percent said they believe this data sharing practice is unsafe, while more than one-third said they are unsure of the benefits such data integration could offer, adding that SMBs remain wary of data sharing. This was always going to be a hard sell, Cherry said. One moment we business owners are told to do all w Nfyl Betting Big, Hacker Risks $3M to Con DeFi Lending Protocol out of $15.6M
Deliveroo, the U.K. food delivery startup, has landed $98 mi
stanley mug llion in fresh venture funding led by T. Rowe Price Associates and Fidelity Management Research Company.With the new round of funding, the company, which closed on a Series F round at the end of September for $385 million, has a valuation of $2 billion, reported TechCrunch. All told, Deliveroo has raised $480 million in venture funding.Other investors in the latest fundraising round included DST Global, General Catalyst, Index Ventures and Accel Partners, as well as private investors who were kept anonymous. The money comes as Deliveroo is in expansion mode, gearing up this week to hit the 200-city mark with the launch of service in Cannes, France. The funding is being used to expand into even more cities around t
kubki stanley he world. This new investment will help Deliveroo to expand in the U.K. and around the world, bringing even more great food directly to peoples doors. This is all thanks to the hard work of our riders, the great restaurants that we work with and our brilliant customers, Will Shu, co-founder and CEO of Deliveroo, said in a statement. This investment will help to accelerate t
stanley kubek his process, bringing more people more choice, healthier options and new food. As our technology improves, deliveries will become faster and our selection on offer will become more varied. This is great news for the U.K. economy, as it will help to create work in restaurants as well as well-paid, flexible work for our riders. The n