UK neobank Starling is showing impressive growth in the small business marketplace

Starling's Project Deposits Through 2019

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UK-based neobank Starling added three new partners to it business marketplace, bringing its total to 24 integrations, per Retail Banker International.

Starling’s marketplace essentially acts as an app store for financial products for businesses, offering access to a variety of third-party services. With the latest additions, the neobank’s small- and medium-sized business (SMB) banking customers now have access to Molo, an online mortgage lender; UnderPinned, a career-management platform for freelancers; and PayStream, a digital accounting platform.

The SMB banking segment is worth $850 billion globally — and neobanks are filling in the gaps where incumbents have fallen short.

Incumbents have largely forgone serving SMBs as these businesses don’t generate as much revenue for them as their corporate counterparts. Neobanks, however, are able to serve SMBs more efficiently because they’re built on modern infrastructure and don’t operate costly physical branch networks.

A number of neobanks have launched products tailored to SMBs’ unique needs: OakNorth offers large loans to businesses, and as of its 2018 annual filing, it has lent $4 billion to UK businesses without any defaults, and UK neobank Tide has been growing its offerings, recently debuting a new expense management tool.

And Starling, which counts over 90,000 SMB customers, is continuously making its offering more flexible, and ultimately more competitive — it recently added a new dual-currency debit card and a web portal to give SMBs another way to manage accounts, for example.

In looking to serve SMBs, many neobanks are following a marketplace model, as it allows them to diversify revenue and quickly boost product …read more

Source:: Business Insider

      

To win again, Labour must build on its successes in local government

The Labour leadership candidates at a party hustings in Cardiff.

In bright spots across England, Labour has found a way to retain community support where the national party has lost it.

When it comes to political strategy, Westminster has always viewed local government as something of a poor relation. Understandably, perhaps, national political discourse views local elections through the prism of future general elections.

But local government really matters. From social care to public health to bins, our councils oversee much of the stuff of everyday life. But even in the reductive terms described above, there is an obvious question facing those who aspire to Downing Street: what is the relationship between local elections and national politics – a weathervane, a means to an end, or something altogether more significant?

As Labour licks its wounds following its worst general election defeat since 1935, the party will have to go back to the drawing board if it wants to find its way back into government this decade. As Labour’s leadership candidates prepare to face the party’s leaders in local government this weekend in Nottingham at the LGA Labour Conference, an open and sober assessment of the role and impact of local government on that path – and importantly, the lessons that can be learnt – must be part of that work. So what do we see?

Let’s start at the top. Labour’s 2019 general election losses were another stage of the long-term drift of its parliamentary representation into the major conurbations. In England, 131 of the 179 Labour seats are now in London and the six metropolitan counties, most of the rest are in the unitary authorities of the larger cities such as Bristol, Leicester and Nottingham. This is of course also reflected in the balance of Labour’s local government representation where 3,758 of its 6,260 councillors (60 per cent) represent the English …read more

Source:: New Statesman

      

Letter: Congresswoman Eshoo a champion of health

Congresswoman Eshoo
a champion of health

In these divided times, we need seasoned leaders who can work with everyone to steer our country to a better, healthier place. That is why I’m voting for Anna Eshoo for Congress.

Anna Eshoo is the first woman to serve as chair of the House Subcommittee on Health. As chair she is working to achieve universal health care for all Americans by building on the Affordable Care Act and has recently designed policies to reduce the cost of prescription drugs, eliminate “surprise” billing, improve the maternal mortality rate and raise the legal age for buying e-cigarettes and cigarettes.

Anna Eshoo also has been in the forefront of issues like gun violence and homelessness that likewise threaten public health.

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Please vote to reelect Anna Eshoo to Congress so that she may continue her important work safeguarding our health.

Pragati Grover
Saratoga

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Source:: The Mercury News – Health

      

The new Motorola Razr is now available to buy and it’s the most desirable smartphone in years, but there are 6 key reasons why you shouldn’t buy it

moto razr

The new Motorola Razr can now be bought from Verizon and Walmart online, or in their stores, and it’s the most desirable smartphone I’ve seen in years, and yet it’s not a phone that people who care about functionality and value should buy.
It has a high price tag, less-powerful specs, fewer features, and foldable-smartphone technology still has a long way to go before it’s as reliable as regular smartphones.
And even though you’re paying $1,500 for it, Motorola warned users that “bumps and lumps” under the screen are normal.
Instead, the new Razr will appeal to those who value fashion and design. After all, it looks like the iconic Razr from the mid 2000s that’s been modernized into an ultra-sleek smartphone with a long, foldable screen.
Visit Business Insider’s homepage for more stories.

Motorola’s new Razr foldable smartphone is now available to buy, and whether you remember the original Motorola Razr from the mid 2000s or not, the new Razr is the most desirable smartphone in years.

It taps into nostalgia without appearing dated in any way. And the way it folds is the best we’ve seen in any foldable smartphone so far because it makes your phone smaller when you’re not using it — perfect for freeing up space in your pocket or bag.

It’s also more about looks rather than function and value, and there’s certainly a good number of people who won’t mind some of the new Razr’s shortcomings when it looks so good. With that in mind, there are 6 good reasons a smartphone user shouldn’t run out and buy the new Motorola Razr, at least until these 6 things are addressed in future models.

Check it out:

SEE ALSO: Despite all these reasons why you shouldn’t buy the new Razr, there are some …read more

Source:: Business Insider

      

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