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Paymentology announces strategic partnership with Zand Bank to accelerate FinTech growth in the UAE
Paymentology , a leading global issuer processor , has signed a referral partnership with Zand Bank , a fully licensed , all-digital bank in the UAE . This collaboration focuses on expanding financial services for FinTechs and start-ups , aiming to accelerate innovation and growth in the UAE .
Through this partnership , Paymentology and Zand will enable FinTechs to thrive by offering a range of specialised services , including BINsponsorship , virtual IBANs and Client Money Accounts . These services are designed to help FinTechs launch and scale faster .
The timing aligns with the UAE government ’ s push to establish a strong digital economy through the UAE Digital Economy Strategy , which aims to double the sector ’ s contribution to the nation ’ s GDP from 9.7 % ( April 2022 ) to 19.4 % over the next decade .
By lowering the barriers to entry for new FinTech players and accelerating financial innovation , the partnership will create a more inclusive and efficient financial ecosystem .
Fuel Ventures leads £ 1.5 million investment in Groov to bridge the SME funding gap
Fuel Ventures , a leading UK venture capital fund , has led a £ 1.5 million seed funding round in Groov , a leader in embedded lending .
Supported by Aperture and a select group of industryfocused angel investors , this investment has aided Groov in its commitment to fostering transformative technology that addresses the needs of smalland medium-sized enterprises .
Groov ’ s mission is to bridge the US $ 1.2 trillion funding gap faced by SMEs worldwide by delivering capital that is accessible , flexible and available precisely when and where it ’ s needed . Through their innovative Embedded Lending 2.0 approach , Groov ’ s APIs empower B2B SaaS platforms to seamlessly integrate lending products directly into user journeys , whether it ’ s for purchasing stock , covering marketing expenses or managing sales invoicing .
A key innovation of Groov ’ s platform is its lender-agnostic approach , which opens access to a broad array of capital solutions for SMEs .
One in two managers with children consider quitting over ‘ parent guilt ’
For half of managers with children , balancing their job with family life has become an overwhelming challenge , leaving many to feel like they ’ re failing both at home and at work , new research from Avilio has found .
The productivity and performance coaching provider commissioned an independent survey of 739 UK adults in management positions , 392 of which were parents .
It found that 72 % of managers agree that being a parent has significantly changed their working habits , and almost half ( 48 %) experience ‘ parent guilt ’ at least sometimes .
‘ Parent guilt ’ refers to the feeling parents have when they feel they are unable to give their children time and attention due to other responsibilities and pressures , such as work .
The survey revealed that over half ( 54 %) of those that experience parent guilt feel like they are failing both as a parent and a professional , while twothirds ( 62 %) of respondents say that it has a significant impact on their overall wellbeing .
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