• Over half of UK credit card holders (54%) plan on using a Buy Now, Pay Later (BNPL)1 service within the next 12 months.

• 46% agree using a BNPL service is a smarter way to manage their finances.

• In the next year, a fifth (20%) plan to use a BNPL service over four times.

• Just under half (49%) agree they prefer a BNPL service that works with their current credit card(s).

• People believe popular new year’s resolutions such as exercising or eating healthily are easier to commit to than saving into their pension
• Less than half of adults say they would easily commit to saving an extra £75 a month into their pension
• One in five people don’t currently save into their pension each month

Risks identified as part of Validus Risk Management annual macro risk analysis, highlighting probability and currency implications of market risks

      ACA Group research has detected more than 6 million transaction reporting errors across a sample of 30 review projects, averaging 200,000 errors per review 

·         97% of reports under MiFIR/EMIR contain inaccuracies 

·         Despite this, 87% of firms are confident in the quality of their reports 

·         FCA may have crackdown in its sights 

Menlo identified 224 per cent increase in HEAT attacks in the last six months fuelling ransomware surge

• Bridging loan company aims to double lending book in 12 months
• Cheadle lender plans to expand in all areas including product enhancements and increasing its maximum loan size having recently lent £3.87m in one week
• Shawbrook Bank continues to back firm with increased wholesale facility

Technology continues to evolve at an exponential rate. From one year to the next, we are presented with exceptional new innovations that can effectively make our jobs and everyday lives easier. Artificial intelligence (AI), in this respect, can represent a vital tool – especially if we learn how to use it to our advantage.

Summary: After rebounding at the beginning of the week, the Dollar eased against its rivals. US January ISM factory activity fell 1.2% from the previous month but matched median forecasts at 57.6. The Dollar Index (DXY) which measures the value of the Greenback against a basket of 6 major currencies, eased 0.21% to 96.35 (96.65 yesterday). Despite a dovish monetary policy statement from the RBA, the Australian Dollar (AUD/USD) rebounded to 0.7117 from 0.7068 yesterday.

World’s largest mutual building society utilises Jumio’s AI-powered solutions to verify identity and age of new members