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What is Open Banking? A set of reforms and regulations, including the revised Payment Services Directive (PSD2) and the ruling issued by the UK Competition and Markets Authority (CMA) led to the fairly recent development of Open-Banking in the UK. These changes allowed for a transformation of the way that financial data is shared and used between institutions to ultimately allow consumers access to a wider variety of products and services.  Authorised organisations can now access various transactional information such as your purchasing habits, any regular payments you make and the companies that you buy from. It’s important to note that this data can, and will only be shared with approved organisations after you have given permission. You will always be asked to provide authorisation before any data is shared. Authorisation opens up a world of new financial apps and services to help consumers streamline their personal finances. Whether you’re self-employed and looking for an app to ma

  Whilst running a small business in 2020 is extremely rewarding, keeping track of, and managing its many moving parts can be tricky.  Over the past few years, we've seen major shifts in the way businesses operate, whether it's the ability to schedule and attend a meeting from your phone, or storing everything on the Cloud - the way we work has changed. Small businesses can now market to global audiences and directly compete with huge companies in their industry. Here at Payl8r , we're always rooting for the underdog, so we've compiled five of the best online resources to help small businesses succeed in 2020.  1. Slack Any form of teamwork requires excellent communication. Slack , the online business communication service allows teams to chat, video call and share files instantly. With the rise of remote-working, Slack is the perfect communication platform, keeping everything and everyone in the same place. You'll never have the issue of missed emails again, with d

  The ability to 'buy now, pay later' is an option today, that most shoppers expect and more importantly, it's an option that most prefer.  Without it, your business may be missing out on potential customers and sales.  We've collected the top three benefits to offering finance options to your clients, to show you that no matter your market or audience; retail finance can help your business grow. Give your customers control Allowing customers to split and spread their cost over manageable monthly amounts gives your customers a sense of control over their own purchases. We all like to feel in control of our own spending, and by offering finance plans you're directly handing the power over to your clients. Empowering your client base will improve overall customer satisfaction, and in turn work to increase client retention. Happy customers are loyal customers after all.  Bring in new customers  Whether you're offering training courses, or selling men's sunglass

Creating online advertisements, social media campaigns and promotional videos are essential forms of marketing for small businesses in 2020. Whilst this may seem daunting for those of us that are not designers by trade, creating content for your business doesn't need to be so intimidating.  As the need for online content grows, the platforms required to create it, do also. Canva, an online design tool, is considerably the best free platform of its kind. With an abundance of tutorials, guides and free templates available for Canva users, anyone is capable of creating stunning designs, quickly. Whether your business needs a new logo, an up-to-date business card, or a refreshed invoice template, Canva is the place to go.  Canva Design School Canva provides a number of tutorials and courses for all levels of experience with graphic design. Whether you've never created an Instagram post before, or you're a skilled designer looking to refresh your knowledge in building a brand, t