Credit Card Debt Per Borrower Climbs To £2,920 As Consumer Optimism Grows
- 1 year 1 week ago
- Credit Cards
The average credit card debt per borrower has climbed to £2,920 – according to the Consumer Credit Report 2025 from TransUnion, a global information and insights company. With two-thirds (67%) of consumers feeling financially comfortable and 43% optimistic about their household finances over the next 12 months – up from 26% in 2022 – demand for credit is growing. Since 2022, the average credit card balance per borrower has grown by 15%.
AMINA Becomes The First Bank Globally To Support Ripple USD (RLUSD) As Demand For Stablecoins Surges
- 1 year 1 week ago
- Cryptocurrencies
AMINA Bank AG, a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank with global reach, today becomes the first bank globally to directly support Ripple USD (RLUSD), a stablecoin valued one-to-one to the US dollar, offering a blend of stability, efficiency, and regulatory compliance. At launch, custody and trading services will be available to AMINA clients holding RLUSD, establishing a foundation for expanded services in...
Making Banks’ Data Reporting More Efficient
- 1 year 1 week ago
- Data
Collecting data from banks is essential for authorities to conduct monetary policy, supervision and resolution. But banks in Europe are facing more and more regulatory reporting requirements from various European and national authorities. These requirements often differ in terms of definitions, reporting deadlines and templates. For banks, this lack of harmonisation makes reporting unnecessarily burdensome; for authorities, it complicates...
BBVA Deepens Partnership With Google Cloud To Innovate With AI
- 1 year 1 week ago
- Artificial Intelligence
BBVA and Google Cloud today announced the deployment of Google Workspace with Gemini across the global operations of the bank. This initiative will empower BBVA's over 100,000 employees worldwide with secure generative AI experiences in tools like Gmail, Google Docs, Google Sheets, and more.
Worldpay Expands Global Reach With Thai Market Entry
- 1 year 1 week ago
- Payments
Worldpay®, a global industry leader in payments technology and solutions, announced today that it is adding domestic acquiring capabilities in Thailand, expanding its presence in the Asia Pacific market. This expansion is core to Worldpay’s strategy for enabling global merchants to serve local consumers with preferred payment types, accelerating commerce through improved authorization rates, robust fraud protection, and efficient settlements.
Broadridge to Acquire Acolin, Accelerating Modernization and Transparency in Cross-Border Fund Distribution
- 1 year 1 week ago
- Investment
Global Fintech leader
Coinstash Secures AUD $5 Million In Series A Funding To Accelerate Product Expansion And Licensing Efforts
- 1 year 1 week ago
- Fundraising News
Coinstash, one of Australia’s leading crypto platforms, has successfully closed a Series A funding round, raising AUD $5 million from a combination of new and existing investors. The raise positions Coinstash to strengthen its regulatory licensing portfolio and introduce new financial products tailored for the digital asset space.
Flagright Empowers HitPay To Enhance Payment Security And Compliance Across Southeast Asia
- 1 year 1 week ago
- Payments
Flagright, a leader in AI-native transaction monitoring and AML compliance solutions, is excited to announce HitPay as its newest customer. HitPay, a pioneering all-in-one payment platform for SMEs, is integrating Flagright’s advanced security technologies to ensure its innovative payment solutions remain secure and compliant as they expand their services across Southeast Asia and beyond.
Once‑In‑A‑Generation Advice Changes To Help Millions Navigate Their Financial Lives
- 1 year 1 week ago
- Personal Finance
The FCA’s proposals would allow firms to offer a new type of help called ‘targeted support’ and make suggestions to groups of consumers with common characteristics. These could include people who may be currently drawing down on their pension unsustainably, not saving enough for retirement or who have excess cash sitting in a current account. The changes, which have inbuilt protections for consumers, also support growth by enabling increased...
Allfunds Appoints Daniel Jesus Alonso as New Head of US
- 1 year 1 week ago
- People Moves
Allfunds, the leading WealthTech platform with over €1.5 trillion in assets under administration, today announces that Daniel Jesus Alonso will be joining Allfunds as its new Head of US. Effective July 9th and based in Miami, Alonso will report to Gianluca Renzini, Chief Commercial Officer, and will play a key role in driving Allfunds’ growth in offshore markets while strengthening its wealth management and product development initiatives.
Bank Of England Launches Consultation On Future Banknote Designs
- 1 year 1 week ago
- Payments
The Bank of England is asking the public to give their views on what theme they would like to see represented in the design of the next series of banknotes –
iProov Appoints Alex Pearson As Chief Revenue Officer
- 1 year 1 week ago
- People Moves
iProov, the world's leading provider of science-based biometric identity verification solutions, has appointed Alex Pearson as Chief Revenue Officer and a member of the Senior Leadership Team. In this role, Alex will be responsible for iProov’s global sales, account management, and customer success functions, and driving the company's revenue growth strategy.
BNY Launches First ADR Program For Canadian Companies, Unlocking U.S. Market Access
- 1 year 1 week ago
- Infrastructure
The Bank of New York Mellon Corporation, a global financial services company, today announced the opening of an unsponsored American Depositary Receipt (ADR) program for a leading Canadian supermarket chain. This milestone marks the first time U.S. and global investors can leverage ADRs to access a Canadian equity. BNY expects to open additional unsponsored ADR programs, with Canadian issuers spanning a diverse range of sectors and industries...
AllUnity Secures BaFin EMI License To Launch Its MiCAR Compliant EURO Stablecoin
- 1 year 1 week ago
- Cryptocurrencies
AllUnity, a joint venture between DWS, Flow Traders, and Galaxy, announces that it has been granted an E-Money Institution (EMI) license by the German Federal Financial Supervisory Authority (BaFin) on 01 July, 2025.
Curve Pay And Thales Join Forces To Securely Transform Digital Wallets On iPhone
- 1 year 1 week ago
- Payments
Curve, the ultimate digital wallet, today announced deepening its collaboration with Thales, the global leader in advanced technologies, delivering secure modern payment solutions for financial institutions.
