Just two-fifths (42%) of the UK population know how to contribute more into their pension, according to new research from Lloyds Bank.

The same study also found that of those who have multiple pots, a quarter would not know where to start to combine multiple pension pots accrued throughout their working life.

Empower Finance, Inc. has entered into a definitive agreement to acquire Petal, a consumer credit card and financial technology company headquartered in New York, and completed its acquisition of Cashalo, a consumer credit and lending company headquartered in the Philippines. Empower is a leader in alternative credit underwriting and a pioneer in financial product innovations for underserved consumers in the U.S. and Mexico.

Bloomberg today announced the launch of Company Financials, Estimates and Pricing Point-in-Time, a new offering that connects and integrates a broad, diverse range of datasets from multiple sources, provides historical point-in-time data and will enable linking traditional company data to more esoteric data like alternative data.

The Monetary Authority of Singapore (MAS) and Mastercard today signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, to strengthen cyber resilience in the financial services sector in Singapore. 

The strategic partnership aims to further cement the collaboration between MAS and Mastercard in: 

Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin.

PayRetailers, a leading global payment processor, is pleased to announce the appointment of Rick Castello as its new Head of Sales for North America. In this role, Rick will be responsible for driving the company's sales strategy and supporting large enterprises in their expansion efforts in Latin America (LatAm).

The complete spend management platform, Spendesk acquires Okko, a French procurement company. By integrating the technology and resources of Okko, Spendesk becomes the first European solution to fully integrate procurement and spend management for mid-sized businesses.

Backbase, the creator of the Engagement Banking Platform, has appointed Rodrigo Graca Moura as Chief Financial Officer. Rodrigo brings to Backbase a deep finance and business partnering expertise with more than 20 years of experience in scaling enterprise software companies.

NICE Actimize, a NICE business, today announced the availability of IFM 11