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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?

Northern irelandUnited kingdomDusan stojankicGavin gravesonKaren bettsPaul grahamSandy lukCarol robertDepartment of agricultureMarine conservation societyRural affairsScottish governmentWelsh governmentDeposit return schemeDeposit managementDeposit management organisations

Türkiye nears completion of Deposit Management System

Türkiye nears completion of Deposit Management System
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Emine erdoTurkish environment agencyDeposit managementZero waste project

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 news.

Adam devitaPaolo bertolottiAndreessen horowitzSilicon valley bankHuntington national bankFirst republicCanapi ventureRemarkable venturesFirst horizonDeposit managementPaolo bertolottiSilicon valley bankDeposit baseDeposit growth

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.

United kingdomHumza yousafScottish parliamentDeposit management organisationUnited kingdom governmentScottish governmentFirst ministerScotland governmentDeposit managementDeposit return scheme

Reich & Tang Combines with Total Bank Solutions

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

Debevoise plimptonPiper sandlerSeward kisselReich tang deposit solutionsBank solutionsTang deposit solutionsTotal bank solutionsEstancia capital partnersEric pierceSecurities based lendingDeposit managementDemand deposit