One-fifth of Teachers Reliant on BNPL to Pay for the Weekly Shop Risking Long-term Debt as Key Worker Finances Reach Breaking Point
- 2 years 1 month ago
- Lending
One-fifth (18%) of teachers have been forced to rely on buy now, pay later (BNPL) payment options to afford their weekly shop, according to new research from responsible lender, Creditspring. More than a quarter of teachers (26%) say they wish they’d never used BNPL options, with 14% admitting they’d were unable to meet repayments and that this pushed them into debt.
P2P Platforms Expect Strong Market Competition
- 2 years 1 month ago
- Financial
The European P2P market is not yet highly competitive. However, the situation may change as early as next year. Analysts of the Robo.cash platform assessed the competitiveness of the European P2P market using the reverse Herfindahl-Hirschman index (HHI)*.
14 Leading Businesses to Face Industry Experts at Isle of Man FinTech Innovation Challenge Finale
- 2 years 1 month ago
- FinTech StartUps
14 businesses from across the globe will face their industry peers as they present cutting-edge solutions at the Isle of Man's highly-anticipated FinTech Innovation Challenge Finale event on 29th June 2023.
Worldpay from FIS and HSBC UK Team Up with Visa to Allow Merchants to Accept Instalment Payments in the UK
- 2 years 1 month ago
- Payments
Global financial technology leader FIS® has today announced a partnership with Visa to enable eligible Worldpay from FIS UK merchants to accept payments using the Visa Instalments checkout functionality for the first time. Worldpay is the first merchant acquirer to offer Visa Instalments as an option at checkout in the UK whilst HSBC UK becomes the first card issuer in the UK to offer the service to its credit card customers.
PayU Adds New Payment Methods to Help Merchants Increase Conversion at Checkout in South Africa
- 2 years 1 month ago
- Payments
Today PayU, the leading online payment service provider operating in over 50 emerging markets, announces the integration of two new payments methods – Mastercard Click to Pay and Capitec Pay. The integration of these payments methods will enable merchants to reduce checkout abandonment and fraud via seamless and secure authentication, further solidifying PayU’s position as the leading Payment Service Provider (PSP) in the region.
GoldenSource® Launches App to Accelerate Data Onboarding & Analytics in Snowflake®
- 2 years 1 month ago
- Data
GoldenSource, the leading independent provider of cloud data management solutions, announced today that the GoldenSource Snowflake Native App will be available alongside GoldenSource’s industry-leading data warehouse schema, for use within the Snowflake Data Share.
Demand for Integrated Surveillance Skyrockets Amid Regulatory Crackdown – Report Finds
- 2 years 1 month ago
- Compliance
Demand for integrated trade and communications surveillance among financial institutions has surged by 100% this year following heightened regulatory scrutiny across the financial markets, research from SteelEye has revealed.
AI Set to Unlock £31B Increase in UK Productivity, Says KPMG
- 2 years 1 month ago
- IT Innovations
The UK economy could secure a £31bn boost from the widespread adoption of generative Aim according to new research from KPMG. The UK’s struggling economy could benefit from a much-needed £31bn boost from the widespread adoption of generative AI, says the report. According to the ‘Big Four’ firm, generative AI is set to increase UK productivity by 1.2 per cent, the equivalent of an extra output of £31bn a year in the UK economy.
Penfold Unveils ‘Solutions Hub’ to Help Businesses and Employees Boost Their Pension Knowhow
- 2 years 1 month ago
- Personal Finance
The UK is in a savings crisis, with the majority of workers pessimistic about their financial future1. In response, pension provider Penfold has launched a ‘Solutions Hub’, as part of a redesigned website, that simplifies pensions and helps users plan their financial futures.
Endava Partners with Imburse to Enhance Payments Offering
- 2 years 1 month ago
- Payments
Endava, a global provider of digital transformation, agile development and intelligent automation services, today announces its new partnership with insurance payments platform,
Capital Union Bank Launches New Online Banking (eBanking) Platform and Deepens Partnership with Avaloq to Enhance Core Platform
- 2 years 1 month ago
- Online Banking
Bahamas-based Capital Union Bank has gone live with Avaloq’s Web Banking and is upgrading its core banking system with new modules and features based on joint innovation with Avaloq, a leading provider of wealth management technology.
Murex Enhances MX.3 at DZ Bank to Cover Collateral Management
- 2 years 1 month ago
- Risk Management
Murex, the global leader in trading, risk management and processing solutions for capital markets, has put the MX.3 for Collateral Management extension in place at DZ BANK. The move represents the expansion of one of the largest MX.3 platforms in the EMEA region at Germany’s second-largest financial institution by assets.
Bibby Financial Services Acquires Aldermore’s Working Capital Finance Division
- 2 years 1 month ago
- e-Invoicing
The UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”), has acquired Aldermore’s Working Capital Finance division as it continues to grow its support for UK SMEs. The move will see Working Capital Finance clients and colleagues integrate into BFS operations over the coming weeks.
Fireblocks Expands Support for Banking & Financial Institutions with New HSM, Public & Private Cloud Capabilities
- 2 years 1 month ago
- Blockchain
Today, Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, expands its highly secure MPC-CMP wallet and key management technology to include support for HSMs and public and private cloud, including Thales, Securosys, AWS, GCP, and Alibaba Cloud.
Neem Enters into a Strategic Investment Partnership with DNI Group to Revolutionise Finance Across Emerging Markets
- 2 years 1 month ago
- Fundraising News
It has been announced that Neem, an innovative Pakistani FinTech startup, has entered into a strategic partnership with DNI Group. Neem is renowned for its commitment towards revolutionising financial accessibility and inclusivity across emerging markets, particularly in Pakistan.
