Monthly Archives: August 2020

Hot Business News Today

Business Banking Resolution Service opens doors in November

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Originally written by Timothy Adler on Small Business
Businesses that feel they have been unfairly treated by the banks will have somewhere new to turn to from November.
Business Banking Resolution Service (BBRS) will open its doors to complaints from unhappy business banking customers from mid-November.
The dispute resolution service will adjudicate in arguments between banks and unhappy SME borrowers and means that businesses do not have to resort to expensive and risky litigation.
>See also: Nearly half of small businesses do not intend to repay government loans
However, the Business Banking Resolution Service will only be open to larger SMEs with turnover in excess of £6.5m a year and with assets of £7.5m on their books.
Microbusiness complaints will continue to be handled by the Financial Ombudsman Service (FOS), particularly any disputes over bounce back loans.
BBRS has come into existence following widely publicised unhappiness from SMEs about how they were treated after the 2008 financial crisis, often with loans being unfairly called in without warning.
Following pressure from MPs, especially the All Party Parliamentary Group on Fair Business Banking (APPG), a working group with representatives from the SME Alliance, Federation of Small Business and others, set out plans for an impartial ombudsman.
>See also: Half of small

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Hot Business News Today

What winning The Start-Up Series meant for me – Shane Lowe, Vitrue

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Originally written by Timothy Adler on Small Business
On the face of it, there is not much to connect the villainous Snoke, Supreme Leader of the First Order, in the Star Wars movie The Last Jedi and a Premier League footballer with a nagging hamstring injury.
However, the same motion-capture technology used to create villains in the Star Wars movies is being used to help elite athletes recover from sports injuries.
Vitrue Health, a healthtec start-up, uses sophisticated computer vision software to assess how sportsmen and others are moving. In many ways, it’s a more advanced version of the running gait technology which some sports shops use to help you buy the right pair of running shoes.
>See also: What winning The Start-Up Series meant for me – Ed Bird, Bird Eyewear
However, it’s a long way from Snoke’s home planet of Exegol to a Starbucks in Camden, where Vitrue Health founder Dr Shane Lowe and his partner Alex Haslehurst spent six months eking out cups of tea while they developed Vitrue Health.
Dr Lowe finished his PhD in biomechanics at NUI Galway in 2012, creating an algorithm predicting a person’s future ability to move based on how they are moving today.
He then

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