Reward points to your credit card with the help of PointsPay

Could this be the year we can start spending our frequent flier miles and loyalty rewards like cash?

When American Express Rewards launched "Pay With Points" eight years ago, rewards experts and frequent fliers began predicting that miles would become a spendable currency. The program allowed AmEx rewards holders to spend their points like cash at Amazon.com. Yet the phenomenon never expanded beyond American Express rewards and Amazon -- until now.

The launch of new schemes of small business lending

The Government is asking for applications to manage £500 million of investment available through the Business Finance Partnership (BFP), a new scheme that aims to ease the flow of credit to small and mid-sized enterprises by diversifying their sources of finance and making them less reliant on banks.

Banks are not ready for Risk Analytics in the Cloud!

Banks have been reluctant to handle data-heavy tasks such as credit risk analytics in the cloud, for understandable reasons. But firms such as CubeLogic hope this will change, given the rapid pace of new regulations, heightened risk management mandates and the potential of external economic shocks that can potentially change a bank’s exposure to potential credit peril faster than traditionally deployed risk systems can handle.