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UK Deposit Return Scheme (DRS) set for 2027: What do businesses need to know? - Vimarsana News

UK Deposit Return Scheme (DRS) set for 2027: What do businesses need to know?

The UK Government plans to introduce a Deposit Return Scheme in October 2027: today confirming a two year delay from the previously set date of 2025. A policy statement outlines the next steps for the scheme - what do beverage businesses need to know?

ModernFi secures $18.7M to help banks grow their deposit base - Vimarsana News

ModernFi secures $18.7M to help banks grow their deposit base

A lot has happened in banking over the past year, including the Silicon Valley Bank collapse, and that’s enabled companies like ModernFi to step in and provide other solutions. The company provides community and regional banks with end-to-end deposit management capabilities, including a deposit network so bank customers can grow, retain and manage their deposit base by sourcing deposits, sweeping funds and providing additional security to depositors. In fact, ModernFi, founded in 2022 by Paolo Bertolotti and Adam DeVita, raised $4.5 million in a seed round a month prior to the SVB new...

Source: yahoo.com
Anger as UK tells Scotland to drop glass from DRS - Vimarsana News

Anger as UK tells Scotland to drop glass from DRS

The Scottish government has reacted angrily to a proposal from the UK government that Scotland doesn’t include glass drinks containers in its proposed Deposit Return Scheme.

Reich & Tang Combines with Total Bank Solutions - Vimarsana News

Reich & Tang Combines with Total Bank Solutions

The total combined assets under management between the two firms is over $220 billion.

Reich & Tang Deposit Networks, LLC (R&T) and Total Bank Solutions (TBS) Announce Plan to Combine Firms to Accelerate Growth, Drive Innovation and Expand Product Offerings - Vimarsana News

Reich & Tang Deposit Networks, LLC (R&T) and Total Bank Solutions (TBS) Announce Plan to Combine Firms to Accelerate Growth, Drive Innovation and Expand Product Offerings

/PRNewswire/ -- R&T and TBS announced today that they have entered into a definitive agreement to combine both companies. The combination of the two firms will...