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.

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.

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.

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, 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 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.

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. 

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.

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.