XU Biweekly - Issue 17 - 30th October 2021 by XU Magazine

Saturday 30 October 2021 | No. 17

XU Biweekly The independent news source for Xero users, by Xero users

Accounting software with a purpose.

RIPPLING RAISES $250M IN SERIES C FUNDING

SPOTTED ON FACEBOOK.COM/XERO.ACCOUNTING

Fun puns for Halloween

By Parker Conrad

E’RE EXCITED TO ANNOUNCE THAT RIPPLING HAS RAISED $250M LED BY SEQUOIA CAPITAL GLOBAL EQUITIES AND GLOBAL GROWTH, WITH PARTICIPATION FROM GREENOAKS AND OTHER EXISTING INVESTORS.

VAMOS IS JOINED BY XERO'S FOUNDER, ROD DRURY.

N THE LATEST EPISODE OF THE 'WHAT LED YOU HERE' PODCAST, STEVE

The pair discuss Rod's belief in the power of technology and it's key role in in making lift better for small businesses and the people that own them. The company that he founded in this vision now celebrates it's 15th birthday with over 2.7 million subscribers globally!

Grab yourself a £100 Amazon voucher! S POTTED ON XERO'S FACEBOOK PAGE OVER THE LAST FEW DAYS ARE SOME RATHER AMUSING HALLOWEEN THEMED PUNS!

Our favourite were: Accrual World Productions, Boo Keeper and Account Dracula. It inspired much conversation at XU HQ to come up with our own! But before we share ours... do any

spring to mind? If so, we're giving away a £100 Amazon voucher to the very best Halloween/accounting themed puns. Send us your puns by commenting on any of our social media channels with the hashtag #XUBIWEEKLY. We'll announce the winner in a fortnight in Issue 18 of the XU Biweekly. Make sure they're good... the devil is in the detail!

I’m grateful for these investors’ conviction in Rippling, for the employees that have gotten us to this point, and for our clients, without whom none of this would be possible. This round of financing values the company at $6.5 Billion. Fundraising is of course a means to an end, but it’s also a gratifying signal that we’re on the right track. If you’re curious why Sequoia decided to invest in Rippling, I encourage you to check out Sequoia Partner Mike Vernal’s blog post about the investment. Rippling’s core thesis is that employee data is critical to a surprisingly large number of business systems, including the ones well outside of HR.

Maintaining the fidelity of the same employee data across all these disconnected systems—effectively, across multiple separate databases—is the reason it’s a lot of work for companies to have many different business systems in the first place. Rippling solves this problem by giving companies and employees a single place to make changes, which then propagate everywhere automatically. The system that does this isn’t just a time-saver— we believe it will be a critical primitive for business software going forward. Products built on top of a rich graph of data about the organization, employees, and their devices and apps aren’t just easier to manage. They are better as software products—with more intelligent workflows and approvals, better role-based policies and permissions, and more powerful analytics. We are, of course, hiring across all roles.

Accounting software with a purpose. Saturday 30 October 2021

New Apps & Updates

2 XU Biweekly | No. 17

Saturday 30 October 2021

LET ZAHARA AUTOPILOT TAKE THE WHEEL!

New: COVID-19 reporting comparative, balance sheet forecast audit and expanded placeholders

GL CORPORATE SOLUTIONS, AUSTRALIA'S LEADING SUPPLIER OF SMSF ADMINISTRATION AND ASIC CORPORATE COMPLIANCE SOLUTIONS, IS PROUD TO ANNOUNCE OUR SIMPLE FUND 360 SOFTWARE WAS SUPERSTREAM ROLLOVER COMPLIANT ON 1 OCTOBER 2021. On this date, SuperStream became mandatory for all member balance rollovers to SMSFs. The ATO advised all SMSF SuperStream must now be completed with SuperStream. “I am incredibly proud of the Team” said Ron Lesh, BGL’s ManagingDirector. This was a huge task for BGL as not only did we need to develop the convoluted SuperStream rollover process with a new data provider...

By Aynsley Damery

LARITY SOFTWARE UPDATE Q3 2021 – RECENTLY RELEASED

By Allanah Miller

T FATHOM, WE'RE ON A MISSION TO EMPOWER THOSE WHO HAVE A DEEP CARE FOR BUSINESS AND ITS PEOPLE BY PROVIDING THE INSIGHTS FOR INFORMED DECISIONS. This month, we are excited to introduce updates to help drive this decision-making with all-new reporting comparatives, and more ways to use cash flow forecasting data in reporting. So now you have even more insightful data at your fingertips!

Find out more Newsdesk: If you have any news or updates that you would like us to consider for inclusion in the next edition of the XU Biweekly, please email us at: newsdesk@xumagazine.com

Advertising: advertising@xumagazine.com www.xumagazine.com ‘Xero’ is a trademark of Xero Limited (New Zealand). XU Biweekly and XU Magazine is collaboratively produced by an independent group of Xero users and is not affiliated in any way with Xero. All other trademarks are the property of their respective owners. © XU Magazine Ltd 2014-2021. All rights reserved. No part of this publication may be used or reproduced without the written permission of the publisher. XU Biweekly is published by XU Magazine Ltd (08811842), registered in England and Wales. Registered office: 12 Jordan Street, Liverpool, L1 0BP, United Kingdom. All information contained in this publication is for information only and is, as far as we are aware, correct at the time of going to press. XU Magazine Ltd cannot accept any responsibility for errors or inaccuracies in such information. If you submit unsolicited material to us, you automatically grant XU Magazine Ltd a licence to publish your submission in whole or in part in all/any editions, including in any physical or digital format, throughout the world. Any material you submit is sent at your risk and, although every care is taken, neither XU Magazine Ltd nor its employees, agents or subcontractors shall be liable for loss or damage. The views expressed in this publication are not necessarily the views of XU Magazine Ltd, its editors or its contributors.

• Financial Plan Update • Starter’s Simple Report • Starter Plus Financial Plan • Completed Tasks • Downtime Alerts • FTE Advanced • 5D Planning

Not only can you avoid having to manually type a supplier name, invoice date, item description or price from an invoice with our OCR software, Zahara can now create and export the invoices for you, automation style! Zahara AutoPilot, our newest feature...

Financial Plan Update Clarity’s Financial Plan is now available for your client’s who are on-boarded via manual entry. This means your non-cloud clients can benefit from Clarity’s Financial Plan and the plan vs actual, making it a lot easier for your clients to make better business...

Find out more

Send Multiple Invoices to simPRO Takeoffs Beta: A Round-Up of Our Favourite Developments Customers in One Email

XU BIWEEKLY - No. 17

CEO: David Hassall Managing Editor: Wesley Cornell Director of Strategic Partnerships: Alex Newson Communications Manager: Bethany Fulks Creative Assistant: Hatty Morton

By Bethan Clothier

MAGINE SOFTWARE THAT WILL CREATE AN INVOICE, WITHOUT YOU HAVING TO PRESS “CREATE"… WELL WE HAVE IT! INTRODUCING ZAHARA AUTOPILOT.

END MULTIPLE INVOICES TO CUSTOMER IN ONE EMAIL WITH CHARGIFY.

Introducing expense claims in Xero Me

OR THE LAST FEW MONTHS, SIMPRO HAS BEEN ON A MISSION. A MISSION TO HELP ESTIMATORS GET MORE OUT OF THEIR SOFTWARE BY INTRODUCING A VITAL FEATURE TO THEIR WORKFLOW WITHIN SIMPRO - TAKEOFFS.

That’s why we’re committed to making it as easy as possible for you to manage your business and employee information in Xero, whether it’s payroll and timesheets, or leave and expenses. Xero Expenses continues to be one of...

Providing a convenient, fast, and safe method on collecting payment from your customers is key to building and maintaining that recurring revenue relationship. Chargify's core functionality on sending invoices provides an easy way to both send automatic and ad-hoc invoices via email. We are excited to announce that we have extended our functionality to include sending multiple...

This mission has involved countless hours of development, 11 releases, 34 major features and over 300 improvements implemented. All of this to help estimators save time, become more efficient and estimate seamlessly, within one software package. We gathered your feedback through...

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By Simona Turin

HERE’S NO DOUBT THE MOST IMPORTANT PART OF ANY SMALL BUSINESS IS ITS PEOPLE.

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DATAPEL AU, CA, HK, ID, MY, NZ, SG & US - A warehouse & manufactoring workflow with advanced inventory management that seamlessly integrates your warehouse operations & Xero data.

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NEW RELEASE: GET YOUR QUOTES SIGNED AND RETURNED WITH THE WORKGURU QUOTING PORTAL

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The Royal British Legion The Legion supports service personnel and veterans from all generations who are facing hardships, such as struggling with social isolation, financial difficulties, and losing loved ones.

The Poppy card We’re very proud to partner with the Royal British...

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EING ABLE TO GET A QUICK, CONFIRMED ‘YES” ON A QUOTE CAN HELP YOUR TEAM BE MORE PRODUCTIVE. WITH THIS IN MIND, WORKGURU HAS BUILT A NEW QUOTING PORTAL TO HELP YOU GET YOUR QUOTES APPROVED FASTER.

Send your quote Building your quote hasn’t changed. Once your quote is ready, send it out to your customer.

Receiving your quote Your potential customer will get an email with a link to view their quote. This link will expire after a set time, so you don’t have to worry about out-of-date quotes causing you problems.

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HE SEAMLESS INTEGRATION BETWEEN FYI AND ACCOUNTKIT ALLOWS YOU TO COMPLETE CLIENT WORK MORE EFFICIENTLY, WITH EVERYTHING YOU NEED AT YOUR FINGERTIPS. • Link source documents in FYI to AccountKit tools. Save time by linking contracts, invoices and loan agreements in FYI to useful AccountKit tools. For example, a finance contract in FYI can link directly to the Equipment Finance Tool in AccountKit. • Import AccountKit reports and file them in FYI with ease. Maintain a complete client file in FYI, including final Div7a schedules and client maps. You can even assign a Task to a report to ensure nothing falls through the cracks! • Jump straight from AccountKit to the same client in FYI. With a single click, you can transition to the client’s workspace...

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Click here to find out more

News

4 XU Biweekly | No. 17

Saturday 30 October 2021

Airwallex inducted into Fin- Congrats to Xero’s 2021 NABA Scholarship Recipient Tech Australia's Hall of Fame Celebrating excellence with Xero Awards Asia 2021 By Ferdy Nandes

E BEGAN XERO AWARDS ASIA AS A PLATFORM TO RECOGNISE THE OUTSTANDING CONTRIBUTION AND COMMITMENT OF OUR ACCOUNTING AND BOOKKEEPING PARTNERS TO HELP SMES IN ASIA THRIVE. EACH YEAR, WE COME TOGETHER TO CELEBRATE THE ROLE OUR PARTNERS PLAY IN HELPING BUSINESSES DIGITALLY TRANSFORM THEIR WORKFLOWS TO BECOME MORE RESILIENT, COMPETITIVE AND SUCCESSFUL. Off the back of an incredibly challenging period, we’ve decided to hold Xero Awards Asia as a virtual event this year, for the first time ever, to properly commemorate the incredible accomplishments achieved by this community. We love reading the inspiring submissions our partners put forward...

A S

IRWALLEX RECENTLY ANNOUNCED THE EXCITING NEWS OF THEIR INDUCTION TO FINTECH AUSTRALIA'S INAUGURAL HALL OF FAME.

END DATA FROM CONNECTWISE TO XERO WITH EMERSION.

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Many businesses use multiple systems to manage their day to day operations. With Emersion, you simply connect the systems that you already use, eliminating the need to re-key data, minimising mistakes and empowering your team with a complete record of customer data. Emersion features native integrations to both ConnectWise and Xero. This enables you to send information from ConnectWise to Xero, automatically and in real-time.

How to send data from ConnectWise to Xero? Emersion features a native integration into ConnectWise Manage. This enables data to...

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Fintech Australia is a startup body for Australian financial services, technology and innovation - FinTech industry. The Finnies Awards recognise and reward the Australian FinTech community by honouring innovation, growth and collaboration. This year saw the addition of two new categories to the Finnies, including the Hall of Fame which recognises sustained fintech industy excellence. AirWallex's VP, Global Head of Platform, Craig Rees, accepted the award: “We’re hugely grateful to FinTech Australia for their advocacy over the last four years - from 2018 when we were first recognised at the Finnies to this year’s Hall of Fame. Our success is made possible through continued support from our customers, partners, investors and our talented, fast-growing global team.

By Michael Jones

T XERO, WE’RE PASSIONATE ABOUT SUPPORTING OUR COMMUNITY AND HELPING TO SHAPE THE NEXT GENERATION OF ACCOUNTING AND FINANCE LEADERS. AS PART OF OUR RECENT COLLABORATION WITH THE NATIONAL ASSOCIATION OF BLACK ACCOUNTANTS (NABA), WE’RE PROUD TO SPONSOR NABA’S 2021 SCHOLARSHIP PROGRAM, WHICH HAS PROVIDED OVER $20,000 OF SCHOLARSHIPS TO THEIR STUDENTS. I recently attended a NABA Northern New Jersey annual membership event where I had the honor of meeting our scholarship...

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Press Release: Appogee HR works with Google Premier Partner to create “the best project tracking software” on the market

Practice Ignition and Gusto Partner to Launch First-Ever Integration to Accelerate Adoption and Knowledge of People Advisory

BGL COMMITS TO SUPPORTING MENTAL HEALTH AND WELLBEING

RACTICE IGNITION, THE WORLD’S FIRST CLIENT ENGAGEMENT AND COMMERCE PLATFORM FOR PROFESSIONAL SERVICES, ANNOUNCED ITS PARTNERSHIP WITH GUSTO TODAY, DURING GUSTO’S NEXT EVENT. SERVING OVER 200,000 SMALL AND MEDIUM-SIZED BUSINESSES WORLDWIDE, GUSTO IS A LEADING FULL-SERVICE PAYROLL, HR AND BENEFITS PLATFORM COMMITTED TO EMPOWERING ITS ACCOUNTING PARTNERS TO OFFER NEW, HIGH-VALUE CLIENT SERVICES.

DiviPay partners with accounting body CA ANZ to help prevent credit card fraud

IRTUAL CREDIT CARD TECH COMPANY DIVIPAY HAS TODAY ANNOUNCED A NEW PARTNERSHIP WITH PEAK ACCOUNTING BODY CHARTERED ACCOUNTANTS AUSTRALIA AND NEW ZEALAND (CA ANZ) TO HELP TACKLE CREDIT CARD FRAUD.

EOPLE SOFTWARE FIRM APPOGEE HR HAVE RECENTLY LAUNCHED THEIR NEW AND IMPROVED PROJECT TIME TRACKING SOFTWARE, APPOGEE TIME.

“We’re very excited to partner with Gusto to roll out its People Advisory Accelerator program and to serve our mutual customers across the United States. It’s really great because it eliminates the friction of offering People Advisory services, and allows our...

The partnership allows CA ANZ members to put secure fraud controls in place when it comes to company card spending, especially whilst most of the country has been working from home in non-secure environments. This includes complimentary access to DiviPay for all members working in public practice and CA ANZ members working...

Charlotte Brown, Head of Business Operations at Appogee HR commented, “We’ve always been committed to listening to the needs of our target market and are proud of our customer-centric approach to creating our people software solutions. Appogee HR and Appogee Leave are well-known products for us, but upon listening to advice from our partner we discovered a new opportunity to really enhance Appogee Time to make it work the way companies really need it to” “There’s a wealth of features and enhancements which really provides intelligent insight into project timings, utilisation rates, clients and billing and, as we’re an HR software firm, we really put the idea of people...

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GL CORPORATE SOLUTIONS, AUSTRALIA'S LEADING PROVIDER OF SMSF ADMINISTRATION AND ASIC CORPORATE COMPLIANCE SOLUTIONS, IS PROUD TO ANNOUNCE 25 MEMBERS OF ITS LEADERSHIP TEAM ARE NOW ACCREDITED MENTAL HEALTH FIRST AIDERS.

“I am incredibly proud of the team” said Ron Lesh, BGL’s Managing Director. “With the help ofJoel Clapham, Founder and Chief Mental Health Champ at Hearten Up, all 25 members of theBGL leadership team are now accredited Mental Health First Aiders. This equates to 1 trainedMental Health First Aider for every 7 BGL team members.” “Our team has worked tirelessly through 2020/21 to produce sensational, award-winning software for our clients. Supporting their mental health and wellbeing now and into the future has never been more...

Find out more

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Events/Features

6 XU Biweekly | No. 17

Saturday 30 October 2021

XU MAGAZINE IS CPD CERTIFIED

ANTI-MONEY LAUNDERING - EVERYTHING YOU NEED TO KNOW ABOUT AML, FROM SENTA

E HAVE BEEN W O R K I N G CLOSELY WITH THE CPD CERTIFICATION SERVICE TO HAVE OUR ARTICLES CPD CERTIFIED.

ISSUE 28 OUT NOW!

As you read through our sister publication, XU Magazine, any article that shows the CPD Certified logo has been approved to count towards your CPD points.

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Introducing the ApprovalMax Budget Checking feature ACCOUNTANTS AND BOOKKEEPERS NEED TO PROTECT THEMSELVES AND STAY AHEAD ON AML LEGISLATION By Amy Spillard

E KNOW FROM TALKING TO SENTA CLIENTS, THAT AML LEGISLATION IS A CONSTANT SOURCE OF WORRY. HERE’S ALL THE RELEVANT INFO SO YOU CAN BE ASSURED YOU’RE ON TOP OF THINGS. Accountants and bookkeepers are legally obliged to follow anti-money laundering (AML) rules as criminals and fraudsters often target their firms for money laundering – which makes money generated from illegal activities look legitimate and “clean”. But while many in the profession know that it’s important to prevent, recognise and report money laundering, many accountants are leaving themselves vulnerable because they lack detailed information about AML.

Client checks and documents We know you know this already – but it is important to know your client, and be able to verify that they are exactly who they say they are. These checks should be carried out at the very start of your business relationship, before you carry out any work, and performed again after appropriate periods of time. Most Senta clients set a reoccurring task to remind them to update the checks every 12 months. Using software to assist you with some of the checks you need to do can make your AML obligations easier, and quicker. Senta’s practice management software, for example, has a built-in credit check function which integrates with Transunion.

Assessing potential risks Find out more

By Konstantin Bredyuk

UDGET CHECKING IS THE LATEST ADDITION TO THE APPROVALMAX FUNCTIONALITY. IT IMPROVES SPEND CONTROL AND SAVES TIME BECAUSE APPROVERS GET A CLEAR REAL-TIME OVERVIEW OF THE BUDGETS IMPACTED BY THE DOCUMENTS THEY ARE APPROVING. BUDGET CHECKING IS LAUNCHED AS PART OF THE APPROVALMAX ADVANCED PLAN.

Who is this for? Budget Checking is essential for any company that has explicit budget policies and requires stricter spend control. It allows approvers to collate the amounts of pending purchase orders and bills with existing budgets to make their decisions accordingly. This feature saves time because approvers no longer need to search for budgets and open them in a separate tab, or consult a

colleague to learn where the budget currently stands. Instead, they can view it right next to the document that’s awaiting approval. Budgets are synchronised in real time and the approvers can see which documents have already impacted a specific budget. ApprovalMax uses account codes and document dates to pull the relevant budgets for each of the line items in the document under approval. Being able to validate spending against the budgets and see immediately whether funds are available to cover the amount of a transaction prevents overspending and strengthens control over the organisation’s funds.

How do you set up Budget Checking in ApprovalMax? Budgets can be pulled from Xero, or get uploaded...

By Simon Smallwood

T WORLDFIRST WE AIM TO PROVIDE YOU WITH THE TOOLS TO HELP YOUR CLIENTS EXPAND THEIR BUSINESSES, SO YOU CAN GROW THE REVENUE FOR YOUR PRACTICE AND SUPPORT YOUR CLIENTS IN DEVELOPING THEIR BUSINESS PROSPECTS. AS PART OF OUR MISSION TO MAKE IT EASY TO DO BUSINESS ANYWHERE, WE ARE WORKING WITH ALIBABA - ONE OF THE WORLD’S LARGEST B2B ECOMMERCE MARKETPLACES TO HELP OUR PARTNERS’ CLIENTS FIND NEW SUPPLIERS AND NEW CLIENTS GLOBALLY.

Find new suppliers and strengthening your supply chain • Find verified suppliers that create exactly what you are looking for on one of the world’s largest wholesale marketplaces. • Benefit from Alibaba Trade Assurance to provide peace of mind on product quality & delivery dates. • Pay for the product, ensure its quality, and ship it to your...

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XU Biweekly | No. 17

Saturday 30 October 2021

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Features

8 XU Biweekly | No. 17

Saturday 30 October 2021

CloudPayroll: Payroll for Withholding Payer Number By Joanna Cruickshank

ITHHOLDING PAYER NUMBER (WPN) IS ALLOCATED TO INDIVIDUALS, AND SOME NON-INDIVIDUALS, WHO DO NOT HAVE AN AUSTRALIAN BUSINESS NUMBER (ABN) BUT HAVE WITHHOLDING OBLIGATIONS UNDER PAY AS YOU GO (PAYG). Non-individual WPN holders include: • Embassies • International entities • School canteens • Sporting clubs Single Touch Payroll started in July 2018 for employers with 20 or more employees, and July 2019 for employers with 19 or few employees and is mandatory. The Australian Taxation Office (ATO) made an exemption for employers with a WPN reporting through STP and this has been extended to the 202122 financial year. WPN’s do not need to wait until this date as they can start reporting via STP now. Employers are required to accept and

meet legal and regulatory responsibilities. By choosing an easy-to-use cloud-based payroll solution, such as CloudPayroll, your clients can process their pay run with a WPN as well as: • Pay their employees via bank.aba file. Alternatively, CloudPayroll can pay employees with 2-day direct debit method. • Calculate PAYG and pay direct to ATO each pay run or provide a report to assist with payment each quarter. • Calculate and pay (optional) superannuation. • Provide an online Timelog tool for employees to record hours work for approval to then be included in the pay run. • Online leave management (optional)

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WPN’s may also be required by clients that employ household domestic services, for example, nannies, carers, cleaners, gardeners, or housekeepers.

Find out more in the full CPD Certified article

20 IDEAS TO FEEL UPLIFTED AND HELP YOU TAKE CARE The home of XU Magazine OF YOURSELF and XU Biweekly

By Tim Hoopmann

HE WORLD IS LOPSIDED AND FEELS A LITTLE CHAOTIC AND CRAZY NOW, DUE TO THE GLOBAL PANIC AROUND CORONAVIRUS (COVID-19). IF YOU FIND YOURSELF FEELING OVERWHELMED OR STRESSED BY IT ALL, BE REASSURED THAT THIS IS A VERY NORMAL RESPONSE. However, it’s important to go easy on yourself and to take time for self-care. Here is a list of ideas and self-care activities that you can do to help keep yourself centred and focused. They’ll help you feel a little better and give you a sense of con-

trol during a very uncertain time.

1. Plan your day Put some structure into your day and plan out a couple of things you want to accomplish. You’ll get a great sense of satisfaction from achieving your goals. Trying to keep to a routine as this will help to keep yourself feeling present and productive. You can also try adding in something new to your routine. This helps to mix up your day while still keeping it planned. Always wanted to try a new hobby? Or want to get your exercise out of the way first thing? Try tweak-

FOLLOW OUR SISTER PUBLICATION...

XU Hub ing your routine by adding in something that’ll benefit your wellbeing to give you something to focus on and give you a sense of achievement.

2. Stay connected to friends and family Communication

staying in touch is more important than ever before. Even though our usual social activities have been impacted, try to schedule catchups with your friends and family online. With today’s technology there are many...

and

is now live on Apple News!

The whole package: Providing clients with an end-to-end cloud-based technology solution How partnering with a field service management software can help enhance client business success

@xumagazine By Martin Whiteside - SimPRO

@xumagazine @XU Magazine

CCOUNTING AND FINANCIAL ADVICE FIRM, SCRUTTON BLAND SPECIALISES IN ADVISING CLIENTS ON CLOUD TECHNOLOGY SOLUTIONS. DISCOVER HOW PARTNERING WITH LEADING FIELD SERVICE MANAGEMENT SOFTWARE, SIMPRO, HAS ALLOWED SCRUTTON BLAND TO FURTHER THIS ADVICE TO CREATE AN END-TO-END CLOUD TECHNOLOGY SOLUTION FOR CLIENTS. Two years ago, simPRO Partner, Scrutton Bland implemented a Systems Advisory team to help its clients transition to cloud-based solutions. Now a main service of the firm, their Systems Advisory team supports clients as they

transition to cloud-based accounting software and field service business management software. Through this service, Scrutton Bland is helping business owners and managers use cloud technology to make their business more efficient and generate better business insights. Scrutton Bland Head of Cloud, Ryan Percy said the transition to providing advisory service on systems technology came as a result of making tax digital. “That has grown into something where we have generated a year on year base around 70,000 additional fees. Purely on helping clients transition onto cloud-based technology...

Find out more in the full CPD Certified article

FinTech News

10 XU Biweekly | No. 17

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STARLING BANK ARE AN OFFICIAL SPONSOR OF WOMEN'S FOOTBALL!

Saturday 30 October 2021

What's new in Monzo: making money simpler to see and easier to control

TARLING BANK, THE UK-BASED CHALLENGER BANK, HAS ANNOUNCED THEY ARE NOW AN OFFICIAL NATIONAL SPONSOR FOR EUFA WOMEN'S EURO 2022.

WE’RE BACKED, SO WE CAN BACK YOU MORE

T’S BEEN NEARLY 5 YEARS SINCE WE STARTED SHARESIES, AND WHILE A LOT HAS HAPPENED, THERE’S STILL SO

Following a landmark deal with the BBC, the banking sponsorship celebrates a huge moment for women globally and is part of Starling's continued journey towards gender equality. The Women's EURO is a hug opportunity to give women players the recognition they deserve and make a wider impact that ripples off of the pitch. Gender equality has been a big focus for Starling since it's inception. Founder, Anne Boden, set up the UK's first digital-only bank to disrupt an arachic industry and build a business with equality at it's heart.

MUCH MORE WE’VE GOT TO DO.

The better you understand your money, the more it’ll do for you. That’s why we built Trends – to give you in-depth insights, all in...

We always knew fulfilling our purpose of creating financial empowerment was ambitious and would take time, lots of effort from our growing team, and funding. Being able to raise money so we can keep innovating and developing money opportunities that empower, has always been part of the plan. That’s why we’re stoked to be able to share that we’ve raised $50 million. It sets us up to do more of the things you’ve been asking for, plus some new stuff. Exciting! A big focus will be empowering...

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VER THE LAST FEW WEEKS, WE’VE INTRODUCED YOU TO SOME NEW THINGS FROM MONZO, ALL WITH THE GOAL OF MAKING YOUR MONEY SIMPLER TO SEE AND EASIER TO CONTROL. HERE’S A ROUND UP OF WHAT’S WE’VE RELEASED OVER THE LAST MONTH

Now trending: your money

PayPal launches Zettle Terminal in the UK

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Pleo Are Listed As One Of The Top Fintech Companies

LEO, THE SMARTER SPENDING SOLUTION FOR BUSINESSES, HAS BEEN NAMED ONE OF THE TOP FINTECH COMPANIES OF 2021 BY CB INSIGHTS!

MAKE IT PERSONAL - THE ONLY LIMIT IS YOUR IMAGINATION

T’S FINALLY TIME TO GET OUT AND ABOUT. WE’RE SHOPPING AGAIN; GOING FOR DRINKS WITH FRIENDS, GRABBING COFFEE, PICKING OUT SUMMER OUTFITS. SO WHY NOT SPARK A LITTLE JOY WHEN YOU REACH FOR YOUR CARD?

CB Insights is a global marketing intelligence platform that analyses data on tech venture capital, starups, patents, partnerships and news. Each year they bring out their 'Fintech 250' list which celebrates the financial industry and the tech companies that are transforming how people and businesses work. The list highlights the most promising of these companies from across the globe, selected by CB Insights' Intelligence Unit from over 17,000 companies. These companies are selected on factors such as data submitted by the companies, business models and momentum in the market, Mosaic scores and CB Insights' algorithm that measures the over health and potential growth of companies. In their fourth year, CB Insights has named Pleo on their Fintech 250 list under the Business Lending & Finance category.

From your favourite sports team to your kid’s best drawing, design a card that means something special to you. Bring the things you love to life and create something meaningful, so you can feel good with your...

Introducing Card Personalisation, the newest way to make your card uniquely yours. Get creative to bring the things you love to life. Draw, doodle and scribble ‘til your heart’s content. After all, it’s your money, your card. Shouldn’t it feel good to see it in action?

PayPal Holdings, Inc. (NASDAQ: PYPL) today launched the Zettle Terminal in the UK, an all-in-one point of sale (POS) solution that offers increased mobility in-store for small businesses. The Zettle Terminal is ready to go right out of the box, it does not require a second device to pair it with. Featuring a sleek touchscreen, this all-in-one mobile point of sale system is easy to setup and use, offering small businesses simplicity and efficiency. The release is well-timed with consumers making greater use of contactless cards and digital wallets, and contactless payments set to make up almost half (47%) of all UK payments by the end of 20221.

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Spark joy when you pay

You can now make contactless payments up to £100, to make paying more convenient

TARTING TODAY, WE'VE INCREASED THE LIMIT FOR CONTACTLESS CARD PAYMENTS FROM £45 TO £100. SO YOU'LL BE ABLE TO MAKE SINGLE PAYMENTS OF UP TO £100 USING YOUR CONTACTLESS MONZO CARD. All banks and card providers across the UK are doing this, to make paying

smoother and more convenient for you.

To keep you safe, we'll ask you for your PIN after you spend £200 through contactless We’re also changing your cumulative limit, so you can get the most out of the new £100 limit for single transactions, while keeping your money safe. From today you’ll be

able to spend a total of £200 using contactless, before we ask you to put your PIN in. This could be two £100 payments, five £40 payments, or 20 payments

for £10, for example.

The cumulative limit is an important way... Find out more