Sara Patel
TLDR:
-The Digital Health Study conducted by Zoho found that 39% of UK businesses consider high inflation a top concern beyond their control.
-For 2023, 68% of UK businesses surveyed limited their technology investment due to the rising interest rates set by the Bank of England.
-Despite concerns about the UK economy, businesses plan to invest in areas such as customer experience (CX), employee experience (EX), artificial intelligence (AI), and data privacy.
-Reconciliation software specialists, Aurum Solutions, revealed that 80% of CFOs and senior finance professionals are concerned about the pace of digital acceleration.
-Ryft, a PSD2-compliant payments provider, received a grant from Innovate UK to expand into new markets.
-Smart Money People ranked Chase Bank, Triodos Bank, and Starling Bank as the most highly rated banks for treating customers fairly in 2023.
-A study by Capital on Tap found that UK retailers are most affected by unpaid invoices, with an average of £1,532 in overdue payments.
