Finance Archives - EMC UK https://emcuk.co.uk/category/finance Where UK News Meets Clarity Tue, 08 Jul 2025 12:10:46 +0000 en-GB hourly 1 https://emcuk.co.uk/wp-content/uploads/2024/01/favicon.png Finance Archives - EMC UK https://emcuk.co.uk/category/finance 32 32 Fletrade.com Review: Trading Smartly With Zero Spreads and Modern Flexibility https://emcuk.co.uk/finance/fletrade-com-review-trading-smartly-with-zero-spreads-and-modern-flexibility?utm_source=rss&utm_medium=rss&utm_campaign=fletrade-com-review-trading-smartly-with-zero-spreads-and-modern-flexibility Tue, 08 Jul 2025 12:10:43 +0000 https://emcuk.co.uk/?p=2376 When exploring the online trading landscape, it’s common to see big promises and shiny headlines. But sometimes, a deeper look reveals where a platform genuinely stands out. This Fletrade.com review takes you through every corner of the platform, its approach to smarter trading, the promise of zero spreads, deep liquidity, mobile flexibility, and its vision [...]

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When exploring the online trading landscape, it’s common to see big promises and shiny headlines. But sometimes, a deeper look reveals where a platform genuinely stands out. This Fletrade.com review takes you through every corner of the platform, its approach to smarter trading, the promise of zero spreads, deep liquidity, mobile flexibility, and its vision to democratize trading for everyone.

Smarter Trading: Zero Spreads and Beyond

At the heart of Fletrade’s pitch is a bold promise: smarter trading, made accessible and cost-efficient. With 0% funding fees, maximum leverage of 1:1000, and micro-lot trading starting at 0.01, the platform positions itself for traders who want tight cost controls without sacrificing range.

Zero spreads, available on select account types,  mean traders could enter and exit trades without worrying about wide bid-ask gaps eating into profits. Combined with deep liquidity and no dealing desk intervention, Fletrade aims to deliver ultra-fast execution times, with most orders reportedly filled in under 13 milliseconds.

For many active traders, this combination can make the difference between catching a perfect entry and missing out.

Asset Diversity: Trade Your Way

What’s a trading platform without assets to trade? Fletrade’s catalogue includes more than 2,100 instruments spread across major asset classes:

  • Forex: Over 70 pairs, from majors to exotics.
  • Cryptocurrencies: Big names like BTC and ETH with competitive conditions.
  • Shares: Hundreds of public companies at your fingertips.
  • Metals: CFDs on popular spot metals open up unique hedging opportunities.
  • Energy: Access to key physical energy commodities, including Brent Crude.
  • Indices: Trade well-known indices covering different global regions.

By offering this broad range, Fletrade positions itself as a one-stop shop for traders wanting to build diverse portfolios under one roof.

Fletrade’s Superior Trading Conditions

A key highlight in this Fletrade.com review is its dedication to creating an optimal trading environment:

  • Ultra-low latency: Fletrade uses advanced infrastructure to ensure that order routing happens almost instantly.
  • Deep liquidity: Price aggregation from multiple liquidity providers keeps bid and ask prices sharp.
  • Transparent pricing: The absence of hidden fees and a focus on tight spreads aligns with its commitment to clear, fair trading.
  • Ultra-fast execution: The promise of sub-13ms execution times places Fletrade among platforms that emphasize speed.

Together, these conditions paint a picture of a broker that aims to combine cost efficiency with performance.

Platform Design: Modern Tools for Diverse Traders

Another part of Fletrade’s strategy is its tech stack. The platform supports 1-click trading, chart trading, and a multi-window mode for traders who like to multitask.

With six chart types, eight timeframes, and over 60 pre-installed technical indicators, the platform covers the basics and more. Additional tools,  like trailing stops, trading widgets, and the choice between dark and light themes, help traders personalize their workspace.

For traders on the move, Fletrade’s mobile solution works across devices and browsers. It offers full functionality: you can monitor markets, manage accounts, deposit funds, or place trades,  all with the same low-latency execution the desktop version boasts.

Account Types: Flexible Options for Different Traders

A standout element in this Fletrade.com review is how the broker tailors its account structure. Rather than a one-size-fits-all, Fletrade offers four tiers:

  1. BASIC: With a minimal deposit of $250, this entry-level account features floating FX spreads from 1.2 pips and micro-lot trading.
  2. PRO: For a minimum $2,500 deposit, traders enjoy spreads starting at 0.6 pips and access to broader services.
  3. PRO+: With $5,000, users can trade with zero spreads and pay a low commission (maximum $3.5 per lot per side).
  4. ELITE: For the committed trader, a $30,000 minimum brings all PRO+ perks plus up to 21% commission rebates.

Across these tiers, the emphasis stays on letting traders scale up as their strategies evolve.

Mobile Trading: Stay Connected, Wherever

Today’s trader needs flexibility, a truth Fletrade’s mobile solution recognizes. The app, available for iOS and Android, supports:

  • Fast sign-ups.
  • Account management.
  • Deposits, transfers, and withdrawals.
  • Integrated trading with real-time execution.
  • Multi-chart setups and indicators.

In the same spirit, the online web version offers a browser-based experience, no installation needed. It brings 60+ indicators, detachable chart windows, useful widgets, and customization options like dark/light themes.

Fletrade’s Journey: Growth and Industry Recognition

Founded in 2008, Fletrade holds a CySec license and CNMV registration. Over 15+ years, it’s grown its global reach to 67 countries, with 250,000+ users and a capital base of $50 million.

This growth isn’t just internal, Fletrade has received industry nods:

  • Best Social Trading Platform (2023)
  • Most Transparent Broker (2023)
  • Best Mobile Trading Platform (2022)
  • Fastest Order Execution (2021)
  • Best AI Trading Technology (2021)

These awards highlight its continuing push for innovation, transparency, and tech-driven solutions.

Keeping Traders Safe: Security First

Security remains non-negotiable. Fletrade emphasizes ironclad security through measures like:

  • End-to-end data encryption.
  • 2-step verification.
  • Strict password policies.
  • GDPR compliance and regular audits.
  • Automated alerts for any account changes.

This means traders can focus on the markets with the peace of mind that their data and funds are safeguarded.

Education and Research: Empowering Traders

In line with its vision to democratize trading, Fletrade invests in trader education and research:

  • 46 training videos covering platform use, strategy basics, and market insights.
  • Ongoing R&D to refine tools and maintain competitive pricing.
  • Commitment to ethical trading practices and transparency.

By equipping traders with the knowledge to navigate volatile markets, Fletrade aims to lower barriers for newcomers while supporting seasoned pros.

Customer Support: Always On Standby

A good broker pairs tech with a human touch. Fletrade’s 24/7 customer support means traders can reach out any time for help, whether it’s a technical issue, a deposit query, or a platform walkthrough. Their support is reachable by phone or email. 

The Fletrade.com Review Closing Remark

In this Fletrade.com review, the takeaway is simple: Fletrade positions itself as a modern, adaptable trading platform built on smart execution, tight cost structures, and a flexible toolkit for traders worldwide.

It’s not just about zero spreads or fast execution, though these stand out, but about how these parts come together under one roof. Fletrade balances competitive trading conditions with strong security, diverse assets, intuitive tools, and accessible education.

Whether you’re exploring forex, crypto, metals, or global indices, Fletrade brings the pieces traders need to the table and aims to keep evolving them to match a fast-changing market.

Frequently Asked Questions on This Fletrade.com Review

Q1: Is Fletrade regulated?
Yes. Fletrade is registered with the CNMV and regulated under CySec, giving traders an added layer of confidence when it comes to compliance and operational transparency.

Q2: What is the minimum deposit to open a Fletrade account?
It depends on the account type. For a BASIC account, the minimum deposit is $250, while more advanced accounts like PRO+ and ELITE require higher minimums. Deposits can be made through cards or cryptocurrencies like Bitcoin or Ethereum.

Q3: Does Fletrade charge any funding fees?
No. One standout feature highlighted in this Fletrade.com review is that Fletrade charges 0% funding fees, which means traders can focus on their strategies without worrying about hidden rollover costs.

Q4: How fast is order execution with Fletrade?
Fletrade prides itself on ultra-fast execution, claiming that most orders are filled in under 13 milliseconds. This speed is supported by deep liquidity and no dealing desk intervention.

Q5: Can I trade using my mobile phone?
Yes. Fletrade’s platform works smoothly on iOS and Android, with all core features available: placing trades, managing accounts, depositing or withdrawing funds, and monitoring the market on the go.

Q6: What kinds of assets can I trade on Fletrade?
Traders have access to 2,100+ instruments across 7 asset classes, Forex pairs, cryptocurrencies, shares, metals, energy commodities, and indices. This variety lets traders diversify and switch strategies as needed.

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Parimatch Among 95% of Foreign Investors Facing Challenges in India – PwC Survey https://emcuk.co.uk/finance/parimatch-among-95-of-foreign-investors-facing-challenges-in-india-pwc-survey-2?utm_source=rss&utm_medium=rss&utm_campaign=parimatch-among-95-of-foreign-investors-facing-challenges-in-india-pwc-survey-2 Fri, 20 Jun 2025 04:10:56 +0000 https://emcuk.co.uk/?p=2310 News Daily India reports that many major companies, including Motorola, McDonald’s, Coca-Cola, Parimatch, Nokia, Vodafone, and Walmart, have encountered significant obstacles in the Indian market. Despite its vast population and rapid economic growth, India is losing its appeal to foreign investors. According to a PwC survey, about 95% of businesses operating in or planning to [...]

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News Daily India reports that many major companies, including Motorola, McDonald’s, Coca-Cola, Parimatch, Nokia, Vodafone, and Walmart, have encountered significant obstacles in the Indian market. Despite its vast population and rapid economic growth, India is losing its appeal to foreign investors. According to a PwC survey, about 95% of businesses operating in or planning to enter India have faced serious issues such as fraud and corruption. Among them is Parimatch, a prominent international gambling operator, which has struggled with counterfeit products by local competitors and a lack of intervention from authorities. The company has been forced to combat clone websites that mimic its brand identity, infringing on copyrights.

News Daily India also highlights other difficulties foreign investors face, including regulatory and bureaucratic barriers, infrastructure limitations, cultural and language differences, and strong competition from local firms. Although India was once seen as a promising market due to anticipated deregulation and investment opportunities, these expectations have largely gone unmet.

For instance, Parimatch intended to invest millions of dollars in India’s economy but encountered resistance from a domestic gambling monopoly comprising companies like Dream11, Nazara Technologies, Paytm, First Games, Moonfrog Labs, 99Games, Octro, JetSynthesys, and HashCube. These firms have been involved in counterfeiting products from U.S. and European competitors, with little to no action taken by local authorities. Moreover, some companies that never operated in India have faced legal harassment and judicial pressure.

These persistent challenges have led many international companies to withdraw from the Indian market or rethink their strategies. Notable exits include Ford, Holcim, and Metro, while Berkshire Hathaway divested its stake in the Indian company Paytm, signaling a loss of confidence in the market.

In this environment, Parimatch and other foreign investors face a critical decision: to navigate increasing difficulties or seek better opportunities elsewhere. This situation underscores the urgent need for the Indian government to reform its business climate to retain and attract foreign capital going forward.

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Why Should a Business Integrate Multiple Payment Gateways? https://emcuk.co.uk/finance/why-should-a-business-integrate-multiple-payment-gateways?utm_source=rss&utm_medium=rss&utm_campaign=why-should-a-business-integrate-multiple-payment-gateways Wed, 18 Jun 2025 12:49:18 +0000 https://emcuk.co.uk/?p=2296 In the rapidly changing digital world, accepting online payments is becoming more than just a technical task, but a strategic element of business development. When it comes to scaling, entering international markets, or increasing the reliability of the payment infrastructure, integration with a payment gateway is no longer enough. It is important to consider an [...]

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In the rapidly changing digital world, accepting online payments is becoming more than just a technical task, but a strategic element of business development. When it comes to scaling, entering international markets, or increasing the reliability of the payment infrastructure, integration with a payment gateway is no longer enough. It is important to consider an approach using payment orchestration — a concept that allows a business to connect and effectively manage several payment gateways simultaneously. This not only increases the stability of the payment system but also opens up new opportunities for optimizing transaction routes, expanding local payment methods, and adapting to customer needs.

Payment Gateways: What You Need to Know

A payment gateway is a tool for accepting payments through a company’s website. It acts as an intermediary between the website and the financial institutions involved in processing the payment. Such institutions may include banks, online payment systems, e-wallets, deferred payment services, etc.

This is how a payment gateway differs from online banking acquiring, which is directly linked to a specific bank and processes payments only from credit/debit cards.

The main task of a payment gateway is to process payments, as well as ensure data protection and provide a convenient interface for making payments. When placing an order, the customer is taken to a secure page where they enter payment information, such as bank card details.

The gateway transmits this information to the payment processor. The latter, in turn, contacts the card issuing bank and receives confirmation or rejection of the transaction. The response is sent back to the payment gateway, which sends the information to the website.

The client receives confirmation of payment or refusal to place an order. The process occurs automatically in a few seconds. The transmitted information is protected by the HTTPS protocol, encryption, and other security systems.

Why Is One Payment Gateway Not Enough?

Many businesses use several payment gateways at the same time. Integrating only one service may not be enough for several reasons:

  1. Limited payment options. Payment gateways support different payment methods: cards, wallets, cryptocurrency, BNPL services, etc. One gateway cannot include all the options required by customers from different parts of the world.
  2. Geographical and sanction restrictions.
  3. Difficulties with local payment methods. Different systems of cards, local e-wallets, etc., are used in different parts of the world. One service cannot effectively cover the needs of customers if the company has a large geographical coverage.
  4. Risks of technical failures. Even the most reliable payment gateway can experience unforeseen technical problems. If the company’s website does not have a backup option, this will suspend the processing of orders for an indefinite period.

Benefits of Integrating Multiple Payment Gateways

Connecting multiple payment gateways allows businesses to increase the stability of payment acceptance, cover more regions, and respond flexibly to market changes. This is a strategic decision that enhances reliability and expands the capabilities of the payment infrastructure. Here are the main advantages:

Improved convenience for customers

Connecting multiple gateways allows you to provide customers with a variety of payment methods: cards, online wallets, buy now, pay later services, cryptocurrency, local payment methods, etc. This allows each user to find a convenient payment method. As a result, the number of successful transactions increases and the percentage of abandoned carts decreases.

Reduced risks

Working with one payment gateway makes a business dependent on one provider. As a result, if there is a technical failure on the gateway side, the company completely loses the ability to serve customers. This problem will not arise if several payment options are integrated into the site.

It should also be taken into account that the provider can unilaterally change the terms of service, increase the size of commissions, etc. Having backup options allows a business to easily refuse cooperation that has become unprofitable as a result of such changes.

Expanding global coverage

Connecting payment gateways that support international and local payment methods allows you to expand the company’s geographic coverage. Different services work with different currencies, which makes it possible to accept payments, including in unpopular local currencies. Using tools such as cryptocurrency gateways completely removes geographic restrictions: crypto payments are decentralized and do not depend on country borders.

Optimizing transaction costs

Payment methods may also differ in the size of the commission. It can be charged for processing the transaction, currency conversion (if necessary), intermediary services, international transfers, and the operation of the payment gateway itself. Using several services allows you to choose the most profitable payment options — for example, cryptocurrency transactions, the commission for which usually does not exceed $1-2.

Speeding up processes and improving customer experience

The availability of alternative payment options increases customer satisfaction by allowing them to choose the most convenient way to make a payment. In case of technical problems and unavailability of the selected payment method, the user can use another option. This reduces the number of abandoned carts and helps retain the audience, increasing the percentage of repeat orders.

Increasing conversion

Conversion (the percentage of users who made a purchase) is one of the key metrics in marketing. It is influenced by a number of factors, including the convenience of the payment process: checkout optimization, transaction processing speed, and availability of payment methods suitable for the client. Integrating multiple payment gateways increases sales conversion, increasing the company’s revenue.

When choosing payment processing gateways, it is recommended to consider several criteria:

  1. Commission size.
  2. Payment processing speed.
  3. Supported payment methods.
  4. Availability of additional functions.
  5. Integration methods.

Wrapping It Up

Integrating multiple payment gateways is not just a technical improvement, but a strategic step towards sustainable growth and global competitiveness. With payment orchestration from Tranzzo, businesses get centralized management of all payment flows, flexible routing, increased fault tolerance, and the ability to easily implement white label solutions. This approach not only simplifies working with clients in different countries but also allows you to quickly respond to market changes, ensuring a reliable and efficient user experience.

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Horizons28.com Review: Charting the Fast Lane of 21st Century Trading https://emcuk.co.uk/finance/horizons28-com-review-charting-the-fast-lane-of-21st-century-trading?utm_source=rss&utm_medium=rss&utm_campaign=horizons28-com-review-charting-the-fast-lane-of-21st-century-trading Wed, 21 May 2025 09:44:21 +0000 https://emcuk.co.uk/?p=2180 Modern markets never sleep, and neither do the traders chasing them. Our Horizons28.com Review takes you on a guided tour of a browser‑based ecosystem engineered for high speed, deep liquidity, and human‑friendly design, all while staying neutral on personal endorsements.  Instead of hype, we’ll focus on the tangible mechanics that keep over 100,000 trades flying [...]

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Modern markets never sleep, and neither do the traders chasing them. Our Horizons28.com Review takes you on a guided tour of a browser‑based ecosystem engineered for high speed, deep liquidity, and human‑friendly design, all while staying neutral on personal endorsements. 

Instead of hype, we’ll focus on the tangible mechanics that keep over 100,000 trades flying through Horizons28’s servers every single day. Whether you scalp for pips at dawn or set and forget investments for months, this walkthrough aims to highlight what’s on offer and how it all fits together.

Stat Sheet Overview: The Numbers Behind the Screen

MetricDetail
Tradable Instruments600+ assets across Forex, indices, commodities, stocks, and crypto
Order-Execution Rate99.9% execution tracked in real time
Average Execution Speed0.01 seconds via low-latency data centers
Order Routing ModelStraight-Through Processing (STP) — no dealing-desk detours

In essence, Horizons28 leans heavily on institutional-grade infrastructure while presenting it through a clean, retail-friendly interface. That mathematical backbone sets the stage for everything that follows.

Built for Momentum: Low‑Latency Execution & High‑Frequency Headroom

Milliseconds matter when bids flash and liquidity thins. Horizons28 routes orders through high‑performance cloud servers, trimming path length between the user, the platform, and the provider. The outcome is a trade book where slippage stays minimal, even during post‑news spikes. 

High‑frequency traders will appreciate depth‑of‑book displays and the ability to stream tick data for algorithmic parsing. Meanwhile, everyday market participants just enjoy quicker confirmation notices and fewer “waiting for dealer” pop‑up. 

Automation Elevated: AI Autotrader in the Spotlight

This section of our Horizons28.com Review dives into the platform’s star attraction: Horizons28 AI Autotrader. Think of it as a programmable co‑pilot that:

  1. Scans markets 24 / 7 for momentum shifts, breakouts, and statistical anomalies
  2. Executes entries, exits, stop adjustments, and hedges minus emotional bias
  3. Back‑tests strategies against historical data before you ever risk a cent
  4. Adapts to evolving volatility, nudging position sizing in real time
  5. Reports everything through a live dashboard for full transparency

Traders can pick from pre‑bundled systems—gap trading, arbitrage, trend‑follow—or craft bespoke logic in the integrated strategy builder. Risk parameters, trade frequency, and asset preferences slide into place via toggles rather than code, making algorithmic control approachable even for non‑programmers.

Horizons28.com Review in Action: Multi‑Asset Universe, Single Login

Asset ClassDetails
ForexMajors like EUR/USD alongside exotics such as USD/ZAR
IndicesS&P 500, DAX 40, FTSE 100, Nikkei 225, and more
CommoditiesGold, WTI crude, silver, natural gas, plus seasonal agriculturals
StocksReal-time streaming prices for global heavyweights (Apple, Tesla, Amazon)
CryptocurrenciesBitcoin, Ethereum, Litecoin, and emerging tokens running 24 / 7

Seamless asset hopping matters when rotations occur—shifting from tech equities to energy futures or from majors to crypto volatility. All price feeds run through identical STP pipelines, so execution characteristics remain consistent regardless of what you trade.

All‑in‑One WebTrader: No Downloads, No Device Barriers

Opening a browser window is the full setup process. Horizons28’s web interface lives entirely in the cloud, meaning:

  1. Cross‑platform compatibility with Windows, macOS, Linux, iOS, and Android
  2. End‑to‑end encryption shielding sessions even on shared Wi‑Fi
  3. Instant updates—new features roll out server‑side without client patches

The workspace itself is modular. Drag‑and‑drop tiles arrange charts, watchlists, and trade tickets into whatever layout suits your workflow. Multiple synchronized chart windows let you compare EUR/USD on a one‑minute scalping lens while simultaneously tracking the daily trend, all without losing sight of open orders.

Advanced Charting: From Sketchpad to Strategy Hub

Charts underpin decision‑making, and Horizons28’s toolkit is deep:

  1. 60 + technical indicators from simple moving averages to Ichimoku clouds
  2. Custom drawing tools—trend lines, Fibonacci retracements, pitchforks, notes
  3. Time‑frame granularity from tick to monthly
  4. Side‑by‑side comparison of two or more instruments in one frame
  5. Snapshot and share capability for easy collaboration or journaling

Because indicators update at tick speed and overlays can be saved as templates, building a repeatable process becomes frictionless. Add your risk‐reward boxes, annotate confluence zones, and click save—next time you log in, the entire board re‑renders exactly as you left it.

Horizons28.com Review of Account Tiers & Specialty Products

Five funding tiers structure access:

TierDepositExtras
BronzeUSD 10 000Core market access
SilverUSD 25 000Tightened spreads, priority withdrawals
GoldUSD 50 000Dedicated success manager, exclusive webinars
PlatinumUSD 100 000Customized margin rates, advanced analytics
VIPUSD 1 000 000Bespoke liquidity routing, first‑look beta tools

Supplemental products, Arbitrage Trade, Gap Trading, Investment Pool, Savings Account, Trade Liquidity, ride atop these tiers. Each product slots into the broader toolbox rather than locking you into singular workflows, letting you experiment with passive yield pools one week and active scalping strategies the next.

STP Transparency & Fair Pricing

Straight‑Through Processing removes the dealing‑desk layer, routing orders directly to liquidity providers. Paired with no hidden fees, the cost structure is visible upfront:

  1. Spread + swap for overnight positions, no additional commissions on most pairs
  2. Real‑time swap calculator embedded beside the order ticket
  3. Live spread monitor so you can gauge conditions before you click “buy”

That clarity dovetails with automatic best‑bid/ask matching, ensuring your ticket clears at the tightest available price the second it reaches the book.

Infrastructure for the Future

Behind the scenes, Horizons28 leverages micro‑service architecture spread across multiple geographic data centers. This approach isolates load spikes—say, after an FOMC announcement—so that quote streams remain stable even when volume surges. 

Scheduled maintenance occurs during low‑liquidity windows and is pre‑announced via platform banners and email. For algorithmic traders, 99.9 % uptime historically translates to minimal strategy interruptions.

Risk Controls Built In

Even the fastest engine needs brakes. Horizons28 embeds:

  1. Adjustable max‑drawdown ceilings that can pause all Autotrader activity
  2. Trailing stops and partial closes directly on chart objects
  3. Session color coding (Sydney‑Tokyo‑London‑New York) to track overlapping liquidity
  4. Real‑time margin meter flashing proactive alerts before stop‑out

These tools aim to keep risk contained without adding extra software layers.

Education & Community

While the platform’s design lends itself to self‑teaching, additional resources round out the experience:

  1. Weekly market wrap videos summarizing macro themes
  2. Live strategy workshops with guest analysts—accessible to Silver tier and above
  3. Printable quick‑start guides for every asset class
  4. Shared template library where members post indicator blends and script snippets

Such assets can shorten the learning curve for newcomers while offering fresh angles to seasoned practitioners.

Mobile‑First Thinking

The mobile web version retains nearly all desktop functionality, multiple chart tabs, depth‑of‑market, order‑ticket customization. Swipe gestures swap between workspaces, and biometric log‑ins add a layer of convenience. Push notifications sync with your Autotrader rules, ensuring you’re alerted if profit targets or drawdown thresholds trigger while on the go.

Horizons28.com Review: Our Final Observations

From low‑latency architecture and AI‑powered automation to multi‑asset depth and browser‑based convenience, Horizons28 assembles the building blocks most modern traders look for in a single hub. Execution speed, clear pricing, and customizable workflows serve the day‑to‑day demands of scalpers, swing traders, and long‑term investors alike. 

Our Horizons28.com Review set out to map features without steering you toward a verdict; ultimately, the fit depends on your strategy, risk tolerance, and personal workflow preferences. Yet for those intrigued by a cloud‑native, numbers‑driven environment designed around responsiveness and choice, the platform presents a compelling slate of tools ready to explore.

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UK Businesses Facing Rising National Insurance Costs from April 2025 https://emcuk.co.uk/finance/uk-businesses-facing-rising-national-insurance-costs-from-april-2025?utm_source=rss&utm_medium=rss&utm_campaign=uk-businesses-facing-rising-national-insurance-costs-from-april-2025 Tue, 01 Apr 2025 17:46:06 +0000 https://emcuk.co.uk/?p=2017 Starting April 6, 2025, UK businesses will see an increase in National Insurance (NI) costs due to new tax changes. The employer NI rate will rise from 13.8% to 15%, while the secondary threshold—the income level above which NI contributions are required—will decrease from £9,100 to £5,000 annually (£417 monthly). These changes mean employers will [...]

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Starting April 6, 2025, UK businesses will see an increase in National Insurance (NI) costs due to new tax changes. The employer NI rate will rise from 13.8% to 15%, while the secondary threshold—the income level above which NI contributions are required—will decrease from £9,100 to £5,000 annually (£417 monthly). These changes mean employers will face higher payroll expenses for staff earning over £5,000 per year. Novuna Business Cash Flow, a leading provider of cash flow finance solutions to SMEs and corporate entities across the UK, have produced an up to date, free to use 2025 national insurance calculator to help employers navigate this increase.

Key Changes to National Insurance in 2025/26

With these adjustments, businesses must prepare for increased costs and ensure payroll compliance. Here are the main updates:

  • Employer NI Rate: Rising to 15% for earnings above £5,000 per year.
  • Employee NI Rate: Typically remains at 12%, depending on category.
  • Secondary Threshold: Lowered to £5,000 annually (£417 monthly).
  • Example Impact: For a Category A employee earning £30,000 annually, the employer’s NI contribution will increase to approximately £3,749.

Understanding National Insurance Categories

Employers must correctly assign NI categories to their employees to ensure accurate deductions. Here’s a breakdown of the main NI classifications:

CategoryEmployee Group
ADefault category for most employees
BMarried/widowed women eligible for reduced NI contributions
CEmployees over State Pension age
HApprentices under 25
JEmployees with multiple jobs paying NI elsewhere
MEmployees under 21
VArmy veterans in their first civilian job
ZEmployees under 21 with another job contributing to NI

Most employees fall under Category A unless they meet specific criteria.

How Businesses Can Prepare

With payroll costs set to rise, businesses should plan ahead to manage expenses effectively. Employers can use tools like the National Insurance Calculator to estimate contributions and ensure compliance with the new tax framework.

Staying informed and preparing early will help businesses navigate these changes while maintaining financial stability.

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The Best Payment Methods — Why Revolut Deserves a Spot on Your List https://emcuk.co.uk/finance/the-best-payment-methods-why-revolut-deserves-a-spot-on-your-list?utm_source=rss&utm_medium=rss&utm_campaign=the-best-payment-methods-why-revolut-deserves-a-spot-on-your-list Wed, 26 Mar 2025 14:32:14 +0000 https://emcuk.co.uk/?p=1990 Most of us barely think about payments anymore. One tap and the money’s gone — or at least, that’s how it’s supposed to work. But anyone who’s ever stared at a “pending” notification for hours knows the truth: not all payment methods are created equal. The Old Guard vs. The New Wave When it comes [...]

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Most of us barely think about payments anymore. One tap and the money’s gone — or at least, that’s how it’s supposed to work. But anyone who’s ever stared at a “pending” notification for hours knows the truth: not all payment methods are created equal.

The Old Guard vs. The New Wave

When it comes to online payments, the usual suspects always show up — Visa, Mastercard, PayPal. Reliable? Sure. Exciting? Not so much. Sticking to these options in 2025 feels a bit like holding onto your old flip phone because “it still works.” Functional? Yes. Missing out? Absolutely.

That’s where Revolut comes in. What started as a smart tool for travelers who wanted better exchange rates quickly evolved into a full-scale financial app that’s rewriting the rules. Instant transfers, multi-currency wallets, clever budgeting tools — Revolut packs all of that into an app that feels modern, intuitive, and — dare we say — fun to use.

Payments That Work for Real Life (and Real Fun)

Whether you’re splitting brunch with friends, paying your rent, or sending money overseas, Revolut handles it all with the same sleek efficiency. And if you’re into a bit of online entertainment — maybe a few spins or a quick poker session — you’ll want to explore international transfers for casino players. These platforms welcome Revolut payments, giving players fast deposits, quick payouts, and a hassle-free way to play without jumping through payment hoops.

Secure, Smart, and Built for Humans

Of course, speed isn’t everything. Security matters — and Revolut’s got that covered too. With real-time payment notifications, advanced encryption, and the ability to freeze your card with a single tap, you’re always in control. Want to create a disposable virtual card for a one-time purchase? Easy. Prefer to keep your “fun money” separate in a dedicated vault? Done in seconds. Revolut doesn’t just move your money — it lets you manage it your way.

Not Perfect — But Pretty Close

Now, is Revolut perfect? Not quite. It’s not accepted absolutely everywhere, and if you’re the type who loves face-to-face chats with a bank manager, you might miss the human touch. But for anyone who lives online — shopping, streaming, gaming, investing — Revolut is more than just a payment method. It’s a lifestyle upgrade.

Time to Rethink Your Wallet?

So, the next time you find yourself glaring at a frozen payment screen or waiting hours for a withdrawal, maybe the real problem isn’t the store or the app — maybe it’s your payment method. And maybe it’s time to ditch the old guard and try something smarter, faster, and built for the way we live today. In other words — maybe it’s time to give Revolut a spin.

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The Best Bitcoin Wallets for Online Gambling: Top Picks for 2025 https://emcuk.co.uk/finance/the-best-bitcoin-wallets-for-online-gambling-top-picks-for-2025?utm_source=rss&utm_medium=rss&utm_campaign=the-best-bitcoin-wallets-for-online-gambling-top-picks-for-2025 Thu, 30 Jan 2025 13:23:30 +0000 https://emcuk.co.uk/?p=1669 According to Jack Dorsey, “Sometime in the future, fiat currency will become obsolete. Bitcoin will become the single global currency.”  Most Online gambling sites accept cryptocurrency as a payment option, which is a good development for crypto gamblers. A crypto wallet address is a hashed representation of the user’s private keys, enabling more secure cryptocurrency [...]

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According to Jack Dorsey, “Sometime in the future, fiat currency will become obsolete. Bitcoin will become the single global currency.” 

Most Online gambling sites accept cryptocurrency as a payment option, which is a good development for crypto gamblers.

A crypto wallet address is a hashed representation of the user’s private keys, enabling more secure cryptocurrency transactions. Before going ahead to settle for the digital currency wallet of your choice, there are factors that you must consider. This piece is written to educate you on the world of cryptocurrency online gaming.

The best crypto casino sites allow players to engage in online games using cryptocurrencies like Bitcoin, Ethereum, Dodge, Tether, and more.

You must think through choosing the best crypto wallets for your gambling experience in 2025. Go for a Bitcoin wallet that offers robust security, excellent functionality, ease of use, and smooth transactions.

If you are a crypto enthusiast, below are top picks. Check out these seven best crypto wallets for gambling based on our expert review. 

Why Do You Need a Crypto Wallet for Gambling

Cryptocurrency for gambling is not new in online gambling platforms. If you need a more robust security for your cryptocurrency, exchange it to a wallet. After you sign up to any of the crypto betting sites, go on to deposit. Before then, you need to decide if you are paying with BTC and use it for crypto gambling. Create a new wallet if you don’t have one.

What do we mean by crypto wallets?  Crypto wallets are digital wallets that hold, transfer, and receive crypto assets like Bitcoin. Whether you are storing large amounts of crypto or small quantities, you need one. A crypto wallet works by protecting your private keys and keeping your cryptocurrency safe.

The developer of Bitcoin, Satoshi Nakamoto, was the first person to launch a Bitcoin wallet. Hal Finney took the clue and got his client’s software wallet, making him the second owner. Nakamoto started by sending 10 BTC to Finney, which was how Bitcoin transactions began.” – Coingek

Fact: Users will make better decisions if they are well-informed about the evolution of Bitcoin wallets and how they positively impact online gaming.

There are three types of wallets: Hot Wallet, Cold Wallet, and Paper Wallet, depending on the user’s gambling needs. People want reliable wallets for their gaming transactions. Your assets are safer in your wallets, so ensure to get the wallet to use. 

Besides using fiat currency, Bitcoin allows users to deposit, place bets, and withdraw winnings, all done with cryptocurrency wallets. Once you want to cash out your earnings, use your crypto wallet address to receive payment.

According to kasynos.online experts,  “You need a wallet in order to store your digital assets.” Here are the reasons you should get Bitcoin wallets for online gambling.

  • Crypto uses sophisticated blockchain technology to ensure secure transactions on crypto exchanges and the protection of user information from online cybercrime and hacking
  • A wallet is crucial if you are looking for fast and instant payment and withdrawal processes compared to the traditional banking methods on different gambling sites.
  • Crypto wallets support Anonymous online betting, creating a safe space for casino players who do not want to share personal and bank details 
  • Bitcoin is globally accessible regardless of geographical location without worrying about currency or restrictive laws in specific locations

Best Bitcoin Wallet for Online Gambling in 2025: The Top 7 Picks

People use hard wallets online and also offline software wallets to store their cryptocurrency. Your wallet ensures that your private keys are safe and protected. If you have tried different online casinos and need one that is crypto-friendly, we have some suggestions for you. 

Coinbase Wallet

Coinbase makes it one of the best cryptocurrency wallet types now. It is a product of one of the leading software developers in the world, so crypto users should expect excellence. 

It has a friendly user interface that is easy to navigate, even if you are a newbie in gambling online. The wallet is heavily protected with high-quality technology for customer safety. Your private keys are never exposed online or anywhere else. 

Key Features: 

  • Support multiple crypto coins
  • Mobile wallet
  • Easy and convenient transfers

Exodus

Another top choice for wallets is the Exodus, especially for lovers of software wallets (cryptocurrency hot wallet). The wallet is one of the best crypto wallets with a sleek design and robust functionality.

Exodus wallet is perfect for people who want quick deposits and withdrawals. People who frequent various online casinos will love it because it is fast. It is built in a way that makes token swaps within the wallet seamlessly. So, if you are someone who has a handful of crypto gambling sites, the interface is easy to juggle when finding what you need

Key Features

  • Built-in Exchange
  • Mobile application
  • Safety and Security

Ledger Nano S/X

This wallet is particularly for people who prioritize safety. The Ledger Nano S/X is one of the hardware wallets that stores your digital currencies without the Internet. It works by connecting it to your computer device. Once that is done, you can send and receive Bitcoin with your wallet address.

Other Cryptocurrency gambling platforms offer high security, but this particular one takes it a notch higher. Ledger Nano S/X is compatible with desktop and mobile devices, supports multiple currencies, and is easy to use.

Key Features

  • Strict security protocols
  • Compatible on Mobile
  • Ledger Nano wallet supports a wide range of currencies

Trust Wallet

Here is one of the best cryptocurrency options available in the market now. The Trust helps you manage all your crypto portfolio at a go in one app. From the app, you can perform all transactions on the go on this cryptocurrency exchange. Once you open the app, you will be greeted by the user-friendly interface. 

Whether you are a veteran or a newbie, the app is built to support all players. Trust Wallet houses many features that give seamless mobile experiences. 

Key Features 

  • Offers robust security 
  • Built-in exchange 
  • Simple and intuitive interface 

AliceABob Wallet

Another recommendation from the best crypto wallets for online gaming is the AliceAbob Wallet. This is one of the crypto wallets for online gambling suitable for Bitcoin users. When playing online, the last thing you want to worry about is security.

This is why crypto transactions made here are secure and reliable. Its versatility stands out as it houses a wide range of crypto coins, including Bitcoin. From the app, you can also buy Bitcoin at a go with fiat money.

Key Features

  • Secure and trusted transactions
  • Mobile application available
  • Offers one of the lowest transaction fees

MetaMask

Launched in 2016, MetaMask is one of the cryptocurrency wallets for gambling that supports Ethereum, EVM-compatible networks, and other ERC tokens.  It allows users to manage their digital assets, making it a custodial wallet.

Whether you are using the web browser extension wallet or mobile app, it’s easy to use. MetaMask also ensures secure user information by using security protocols like seed phrase recovery and passwording.

Key Features

  • Browser extension
  • Provides access to decentralized apps (dApps)
  • Offers mobile app

Trezor

Lovers of hardware wallets would appreciate what Trezor represents, and it’s truly one of the top picks in the world of cryptocurrency gambling. The developers created an easy-to-use wallet that is compatible with other desktop wallets.

Many Bitcoin users have testified to the functionality of the wallet. They offer top-notch security, making it a secure place where all your information is private and safe. This hardware wallet device ensures that your private keys are safe.

Key Features

  • Uses advanced security
  • Supports multiple cryptocurrencies
  • Intuitive interface

Final thoughts 

The use of crypto gambling is one of the trends that is changing the industry. All the Bitcoin wallets that made it to this list are some of the top in the industry. They are best at offering excellent functionality, features, and services. These are essential when choosing the best crypto wallet for yourself.

In 2025, the aim is to protect your crypto assets and find the best cryptocurrency wallets. The wallets are free to download. So all you need to do in choosing the best gambling wallet is to assess each of them properly, and any wallet you choose should be tailored to your cryptocurrency ideals.

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Smart Pension Withdrawal Strategies for a Secure Retirement https://emcuk.co.uk/finance/smart-pension-withdrawal-strategies-for-a-secure-retirement?utm_source=rss&utm_medium=rss&utm_campaign=smart-pension-withdrawal-strategies-for-a-secure-retirement Mon, 06 Jan 2025 04:21:19 +0000 https://emcuk.co.uk/?p=1533 Planning for retirement involves numerous financial decisions, and one of the most critical is determining how and when to access your pension savings. Effective pension withdrawal strategies can ensure that your retirement funds last throughout your golden years, providing you with financial security and peace of mind. In the UK, understanding the best approaches to [...]

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Planning for retirement involves numerous financial decisions, and one of the most critical is determining how and when to access your pension savings. Effective pension withdrawal strategies can ensure that your retirement funds last throughout your golden years, providing you with financial security and peace of mind. In the UK, understanding the best approaches to pension withdrawal is essential for a comfortable and stress-free retirement.

Understanding Pension Withdrawal

Pension withdrawal refers to the process of accessing the funds accumulated in your pension scheme once you reach retirement age. There are various ways to withdraw your pension, each with its own set of rules, benefits, and tax implications. Making informed decisions about how to draw down your pension can significantly impact your financial well-being during retirement.

Key Pension Withdrawal Strategies

1. Taking a Tax-Free Lump Sum

    Upon reaching the age of 55 (rising to 57 in 2028), you can typically take up to 25% of your pension pot as a tax-free lump sum. This immediate access to a portion of your savings can be beneficial for covering large expenses, such as purchasing a home or paying off debt. However, it’s essential to consider how this decision affects your long-term income.

    2. Income Drawdown

      Income drawdown allows you to keep your pension invested while drawing an income from it. This flexible approach lets you decide how much to withdraw based on your financial needs and market performance. It’s a popular choice for those who prefer to retain control over their investments and seek potential growth in their pension pot.

      3. Annuities

        Purchasing an annuity involves converting your pension pot into a guaranteed income for life or a fixed period. Annuities provide financial stability by ensuring a consistent income stream, regardless of market fluctuations. While they offer security, annuities can be less flexible, and the income is generally fixed, which may not keep pace with inflation.

        4. Combination of Strategies

          Many retirees opt for a combination of the above strategies to balance flexibility, security, and tax efficiency. For example, you might take a portion of your pension as a tax-free lump sum, use income drawdown for additional income, and purchase an annuity to cover essential living costs. This diversified approach can help manage risks and ensure a steady income throughout retirement.

          Factors to Consider When Planning Pension Withdrawal

          1. Tax Implications

            While the first 25% of your pension can be taken tax-free, any subsequent withdrawals are subject to income tax based on your marginal rate. Planning your withdrawals to minimise tax liabilities is crucial. Spreading withdrawals over several years or utilising tax-efficient wrappers can help manage your tax bill effectively.

            2. Life Expectancy

              Estimating your life expectancy is vital to ensure your pension savings last throughout your retirement. Consider factors such as family history, lifestyle, and health when planning your pension withdrawal strategy. Underestimating your lifespan can lead to outliving your savings, while overestimating may result in leaving a significant inheritance.

              3. Investment Performance

                If you choose income drawdown, the performance of your investments will directly impact your pension income. Diversifying your portfolio and seeking professional financial advice can help mitigate risks and optimise returns, ensuring your pension pot remains robust.

                4. Inflation

                  Inflation can erode the purchasing power of your pension income over time. Selecting investment options that offer growth potential or incorporating inflation-linked income sources can help maintain your standard of living in retirement.

                  5. Spousal Considerations

                    If you’re married or in a civil partnership, coordinating pension withdrawals with your partner can maximise tax efficiency and provide financial security for both of you. Strategies such as joint drawdown or purchasing a joint-life annuity can ensure that your spouse continues to receive income in the event of your passing.

                    Tips for Effective Pension Withdrawal

                    1. Start Early and Plan Ahead

                      The earlier you start planning your pension withdrawal strategy, the more time you have to adjust based on changing circumstances. Regularly reviewing your plan ensures it remains aligned with your financial goals and market conditions.

                      2. Seek Professional Advice

                        Navigating pension withdrawal strategies can be complex. Consulting with an independent financial adviser can provide personalised guidance, helping you make informed decisions that suit your unique situation.

                        3. Monitor and Adjust Your Strategy

                          Retirement is a dynamic phase of life, and your financial needs may change over time. Regularly monitoring your pension withdrawals and making necessary adjustments can help you stay on track and respond to unforeseen expenses or changes in the market.

                          4. Consider Tax-Efficient Withdrawals

                            Strategising your withdrawals to stay within lower tax brackets can save you money. This might involve withdrawing just enough each year to take advantage of personal tax allowances or using pension income to complement other income sources.

                            5. Protect Against Market Volatility

                              If you opt for income drawdown, safeguarding your pension pot against market downturns is essential. Diversifying your investments and maintaining a balanced portfolio can help reduce the impact of volatility on your retirement income.

                              Common Pension Withdrawal Mistakes to Avoid

                              1. Withdrawing Too Much Too Soon

                                Taking large withdrawals early in retirement can deplete your pension pot quickly, leaving you with insufficient funds later on. It’s crucial to balance your immediate needs with long-term sustainability.

                                2. Ignoring Tax Implications

                                  Failing to consider the tax consequences of your withdrawals can result in unexpected tax bills. Proper planning can help you manage your tax liabilities effectively.

                                  3. Overlooking Inflation

                                    Not accounting for inflation can diminish the real value of your pension income over time. Incorporating strategies to counteract inflation ensures your purchasing power remains intact.

                                    4. Lacking a Comprehensive Plan

                                      Relying on a single withdrawal strategy can expose you to risks such as market volatility or unexpected expenses. A diversified approach provides greater financial security and flexibility.

                                      5. Not Seeking Professional Advice

                                        Attempting to navigate pension withdrawals without expert guidance can lead to costly mistakes. Professional advisers can help you develop and implement a robust strategy tailored to your needs.

                                        Conclusion

                                        Developing a smart pension withdrawal strategy is crucial for ensuring a secure and comfortable retirement. By understanding the various withdrawal options, considering key factors such as tax implications and life expectancy, and seeking professional advice, you can create a plan that meets your financial goals and adapts to changing circumstances. Avoiding common pitfalls and regularly reviewing your strategy will help you maintain financial stability and enjoy your retirement with confidence.

                                        Taking the time to plan your pension withdrawals thoughtfully can make all the difference in achieving a financially secure and fulfilling retirement. Start early, stay informed, and seek the support you need to navigate this important aspect of your financial journey.

                                        The post Smart Pension Withdrawal Strategies for a Secure Retirement appeared first on EMC UK.

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                                        Ethereum and the UK’s Financial Powerhouses: How Banks are Adapting to DeFi https://emcuk.co.uk/finance/ethereum-and-the-uks-financial-powerhouses-how-banks-are-adapting-to-defi?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-and-the-uks-financial-powerhouses-how-banks-are-adapting-to-defi Tue, 29 Oct 2024 08:03:52 +0000 https://emcuk.co.uk/?p=1134 The accelerating development of finance in the world today, has led to the appearance of decentralized finance (DeFi) which is beginning to put traditional banking systems to a tough test. This tension is felt nowhere more than in the UK, cradle of some of the world’s most influential financial institutions. In this disruption, Ethereum is [...]

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                                        The accelerating development of finance in the world today, has led to the appearance of decentralized finance (DeFi) which is beginning to put traditional banking systems to a tough test. This tension is felt nowhere more than in the UK, cradle of some of the world’s most influential financial institutions.

                                        In this disruption, Ethereum is at the heart of it all — it provides the infrastructure behind many DeFi applications. The result is that UK banks are now forced to adapt to survive as the days of centralized financial services are fast becoming a thing of the past.

                                        Ethereum is not just a cryptocurrency; it is a decentralized and open source blockchain system for developers to write smart contracts and dApps. Whereas Bitcoin is a digital currency, the blockchain of Ethereum is very customizable, and it will be used in DeFi projects, tokenisation and more. This versatility has turned Ethereum into a blockchain that is the natural choice for a wide variety of DeFi projects, with services such as lending, borrowing and trading without intermediaries like banks. As these services grow in popularity, UK financial institutions are beginning to sit up and take notice.

                                        The Rise of DeFi: A New Era for Finance

                                        DeFi, in its simplest definition, is a movement towards an open, decentralized and blockchain based financial system with no central authority. Defi applications are doing away with the need for intermediaries, reducing costs, and providing faster, more transparent services through smart contracts: self executing contracts with the terms of the agreement written into code.

                                        For both challenge and opportunity, this is good news for the UK’s financial powerhouses. DeFi protocols are challenging the traditional model of banking, where institutions stand as trusted intermediaries in the management of assets and in their transactions. In the DeFi ecosystem, services that involve borrowing, lending, trading and asset management are all carried out on decentralized networks without any cost or time. The advantages are driving increasing number of users and institutions to decentralized platforms, therefore it is necessary for traditional banks to adapt.

                                        Ethereum and DeFi – UK Banks’ Response

                                        Yet, UK banks have been slow to fully embrace DeFi with the landscape slowly changing as they begin to realize the power of blockchain technology, notably Ethereum. Among the UK’s biggest financial institutions, Barclays, HSBC and Lloyds are starting to mull the ways they can integrate blockchain technology into their business with a view to making it more efficient and less costly.

                                        For example, Barclays has been exploring blockchain applications for a number of years. One of the first UK banks to patent blockchain-based solutions, it has also participated in pilot programs to use blockchain for trade finance and international payments. While Barclays hasn’t fully embraced DeFi, its research into blockchain technology paves the way for a shift into the future.

                                        Just as HSBC is experimenting with blockchain in several areas. Last year, the bank rolled out its ‘FX Everywhere’ platform, which uses blockchain tech to process millions of transactions a year, slashing expenses and enhancing efficiency. This is not strictly DeFi but it shows HSBC is willing to experiment with decentralised technologies. The bank is probably going to keep on playing with Ethereum based solutions in search for ways to fit it to the needs of the new wave of so called decentralized finance.

                                        Another large UK financial institution that has been more conservative in its approach, but interested in the space, in particular in the context of digital currencies, is Lloyds. Lloyds hasn’t yet announced any big blockchain initiatives, but sources say it is exploring digital currency solutions and could be heading toward Ethereum-based DeFi solutions.

                                        UK Adoption of Ethereum and DeFi: The Role of Regulation

                                        Regulation is one of the biggest hurdles to wider adoption of DeFi in the UK banking sector. DeFi runs in a highly unregulated space that makes the work of traditional financial institutions that are regulated heavily by financial regulations almost impossible. While the UK’s Financial Conduct Authority (FCA) has been cautiously optimistic about the potential of blockchain technology, it has also been keen to temper this enthusiasm with warnings around decentralized finance risks, including around security, fraud and money laundering.

                                        However, UK regulators have been quick to think about how to incorporate blockchain and cryptocurrencies into the financial system. The FCA has started ‘regulatory sandboxes’, which allow companies to run blockchain based financial products in a controlled environment, in a safe space for experimentation, without the full weight of regulation.

                                        How quickly and fully UK banks will embrace DeFi use cases on Ethereum will depend upon regulation, which will evolve. On the one hand, the potential benefits they offer are significant: lower costs, faster transactions, and greater accessibility. But traditional financial institutions would also need to work out how they can conduct business under this new environment without breaking the rules.

                                        Looking Ahead: Ethereum in the Future of UK Banking

                                        It’s early days for the relationship between UK banks and Ethereum, but the potential for collaboration is huge. Now with upgrades like Ethereum 2.0, which improves scalability and security, Ethereum is likely to grow, and UK banks will be more inclined to experiment using decentralized finance solutions within their services.

                                        A hybrid model between traditional financial institutions and those built on Ethereum, such as decentralized platforms, maybe the future of banking in the UK. Of course, for UK banks, changes will need to take place to adapt to this new future and, for the most part, this will involve a combination of innovation, regulatory compliance, and an open mind to the future of money.

                                        Whether they embrace DeFi as partners or competitors remains to be seen, but one thing is clear: We can’t have UK banks ignore that Ethereum is already shaping the future of financial services.

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                                        Seamless Payment  Verification Solution for Corporate Finance Management https://emcuk.co.uk/finance/seamless-payment-verification-solution-for-corporate-finance-management?utm_source=rss&utm_medium=rss&utm_campaign=seamless-payment-verification-solution-for-corporate-finance-management Fri, 25 Oct 2024 08:23:44 +0000 https://emcuk.co.uk/?p=1081 Innovative expense management methods are better than traditional ones in every way. They are flawless because they take into account all employee expenses. They do not absorb a huge amount of working time and do not require additional human resources. Full control over corporate expenses eliminates the leakage of the company’s finances and promotes the [...]

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                                        Innovative expense management methods are better than traditional ones in every way. They are flawless because they take into account all employee expenses. They do not absorb a huge amount of working time and do not require additional human resources. Full control over corporate expenses eliminates the leakage of the company’s finances and promotes the development of trust between employees.

                                        Disadvantages of Traditional Approaches to Accounting for Corporate Expenses

                                        A company’s expense policy may vary, but in most cases, this procedure is tedious for employees and management:

                                        • Ordinary employees must collect a lot of paperwork and wait for the manager’s approval, who finalizes the payment. If they spend their money on business-related expenses, they have to wait a long time for the reimbursement. As a rule, these expenses are covered at the end of the month, when managers have a clear picture of all corporate expenses.
                                        • For the company’s management, traditional methods of expense verification are also a headache. They cannot verify expenses in real time and do not have a clear idea of ​​how much resources have been spent. Some forgetful employees may submit their expense reports long after the purchases have been done. This complicates accurate accounting.

                                        As a result, chaos may arise in the company’s finances:

                                        • Corporate payments are not accounted for at the time they are made. Sometimes, this takes weeks, especially if the employee is on a long business trip.
                                        • The accounting process is complicated since employees need to collect many documents to receive reimbursement.
                                        • Errors creep into financial reports because the accounting staff is overloaded with work.
                                        • Out-of-policy spending is difficult to notice because the mechanisms for distinguishing authorized and unauthorized payments are poorly developed.

                                        The result is a lack of transparency in finances and regular overspending. But this situation is not inevitable. It is simply a consequence of the absence of mechanisms to ensure financial transparency in previous epochs. Modern innovative technologies for managing corporate finances eliminate these shortcomings. With Wallester Business platform, you can get a complete picture of all corporate expenses in real time. And the task of verifying employee payments is solved in one click.

                                        How to Increase the Level of Control over Corporate Expenses

                                        Ensuring accountability of all corporate expenses is possible with the help of modern digital expense management systems. Such a solution does not require serious investments in software development, acquisition of the necessary infrastructure, and hiring professionals. A full range of financial tools for tracking and verifying employee expenditures is available on the Wallester platform by subscription. Due to the low cost of the subscription and the ability to choose different tariff plans, the service is accessible for large corporations and small and medium businesses.

                                        At the same time, there is no need to replace the company’s existing software. The Wallester Business solution is easily integrated into your software using the API. As a result, the company receives complete financial transparency, elimination of company resource leaks, and many other benefits.

                                        Automated Expense Verification with a Corporate Card

                                        Issuing corporate cards is an innovative solution that makes company funds available to all authorized employees. At the same time, the company or department management retains full financial control over all expenses:

                                        • An individualized spending limit is set for each card.
                                        • If the purchase of a product or service for the company requires verification by a manager, it is carried out in one click.
                                        • Any suspicious expenses are immediately detected by the software and become known to managers.

                                        Virtual Business Cards

                                        Wallester’s expense management solution allows you to issue any number of corporate cards with a single click. The basic plan comes with 300 free cards, while more advanced plans offer 3,000 or 15,000 cards.

                                        Each card is personalized, as the project manager sets how much of the company’s funds can be spent on the card. The responsible employee can deactivate the card at any time if there is a suspicion of misuse of the card.

                                        Wallester offers a comprehensive solution for managing your company’s finances. So, you can track, verify, and analyze all employee spending on one platform. This will eliminate overspending and make future planning straightforward.

                                        Automated Accounting

                                        Employees will be able to generate an expense report in one click, while accountants will be freed from tedious routines and errors. An employee will only need to take a photo of a receipt and upload it to the cloud using the app. As a result, the expense verification process is simplified for ordinary employees and accountants.

                                        The software solution from Wallester takes the expense verification process to a new level: accurate, instant, and error-free. As a result, employees feel trusted by management, and company leaders receive transparent finances that are easy to manage.

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