Latest news with #AlexMyers
Daily Mail
17-05-2025
- Business
- Daily Mail
Britons saving 10% of income for a rainy day
Britons put away 9.9 per cent of their incomes for a rainy day over the past 12 months – the second consecutive yearly increase, new data shows. Almost one in five have managed to save more over the past year – an extra £951 on average, according to the annual Savings Tracker from Aldermore Bank. The proportion who are financially struggling has also declined, from 21 to 18 per cent. However, while adults in the UK have around £7,500 in savings on average, there is a persistent disparity between genders. Men have £15,000 on average, compared with £3,000 for women. Men who increased their savings this year added an extra £1,500, while women saved an additional £750 on average. Savers could find it harder to increase their nest eggs this year due to falling interest rates. Savings providers have been announcing cuts to their easy-access accounts since the Bank of England base rate cut earlier this month. Fixed-rate accounts are also falling, with the average one-year fixed rate account now standing at 4.03 per cent. Alex Myers, director of savings at Aldermore says: 'Falling interest rates bring relief for borrowers and an opportunity for savers to ensure they have the right strategy in place.'
Zawya
22-04-2025
- Business
- Zawya
Sulzer, Manweir sign 10-year strategic service partnership in Qatar
Doha: Sulzer has partnered with Manweir, a leading engineering services provider, the oil & gas arm of Mannai, to enhance the availability and quality of rotating equipment repairs and services across Qatar. Sulzer's teams will be based at Manweir's Ras Laffan facility in Qatar to provide in-country services for oil and gas, power generation, water desalination and industrial customers. Through its partnership with Manweir, Sulzer will now have an operations team based in Manweir's Ras Laffan facility, reducing delivery times for oil and gas, power generation, water desalination and industrial customers whose equipment would previously need to be sent out of the country. In combination with the strengthened local presence of both companies, Sulzer's global operational excellence and OEM expertise will provide customers with world-class services, elevating reliability and efficiency for rotating equipment across Qatar. This alliance strengthens Qatar's industrial supply chain while aligning with its vision of enhancing In-Country Value (ICV) – a formula that measures the economic value added from local operations – and supporting the sustainability commitments laid out in the Qatar National Vision 2030. 'We strive to be close to our customers and this partnership with Manweir allows us to deliver high-quality service and safety standards to our customers in Qatar,' said Alex Myers, President Sulzer Services INMEC Region. 'With the strategic alignment from both parties, we are poised to deliver best-in-class service solutions, ensuring operational excellence and added value to our customers.' 'We are delighted to partner with Sulzer, bringing together our strong local capabilities with Sulzer's global expertise,' said Neil Angus, General Manager of Manweir WLL. 'This partnership will accelerate technological advancements, enhance service delivery, and provide customers with a one-stop solution for high-quality rotating equipment repairs and maintenance. This collaboration will also drive innovation and sustainable growth for both organizations.' Through this partnership, Manweir and Sulzer will combine local knowledge with global best practices, elevating service standards, fostering innovation, and strengthening collaboration with customers to support Qatar's evolving industrial landscape. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
05-02-2025
- Business
- Yahoo
UK's Aldermore Bank adopts Temenos tech for savings accounts
Aldermore Bank, a UK-based financial institution, has chosen Temenos SaaS to modernise its savings operations, with an initial focus on launching new savings notice accounts for small businesses. The bank plans to implement the Temenos Business & Corporate Enterprise Service. By utilising the technology provider's 'end-to-end' services for business and corporate banking, Aldermore anticipates a quick deployment of its new offerings. This is intended to support the bank's plan to expand customer deposits and open additional revenue streams. Temenos Europe managing director Mark Yamin-Ali said: 'This strategic technology investment will help us to rapidly expand our offering, providing more customer-centric solutions and exceptional experiences for the underserved small business market. 'With Temenos SaaS, we can launch new products in record time, with the agility to adapt to the changing needs of our customers.' Besides, Aldermore plans to transition its existing business savings accounts to the Temenos platform. This move will replace several legacy systems with a unified, cloud-based solution, which according to Temenos, adheres to the highest security protocols. Aldermore Bank savings commercial director Alex Myers said: 'This strategic technology investment will help us to rapidly expand our offering, providing more customer-centric solutions and exceptional experiences for the underserved small business market. 'With Temenos SaaS, we can launch new products in record time, with the agility to adapt to the changing needs of our customers.' With assets totalling £20.5bn ($25.5bn), the bank specialises in providing services to SMEs, homeowners, landlords, and intermediaries. Last month, Romania's state-owned lender CEC Bank selected Temenos to modernise its core banking for retail and corporate operations, integrating advanced payments and data analytics solutions. "UK's Aldermore Bank adopts Temenos tech for savings accounts" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
