Two-thirds of Brits have used or plan to use retail credit during the Christmas season. Moneyhub’s Christmas Retail Credit Report reveals that retail credit users spend an average of £1,012.55 over the holidays, with £759.71—nearly three-quarters—financed through retail credit. It also highlights how Open Banking can help lenders and retailers better serve customers and manage lending risks.
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The British Business Bank today announces that its Growth Guarantee Scheme has supported more than £250m of finance to smaller businesses, since its launch as a successor to the Recovery Loan Scheme in July 2024.
The Growth Guarantee Scheme is designed to support access to finance for UK smaller businesses as they look to invest and grow. The scheme works with a wide range of financial products and lenders, including term loans, overdrafts, asset finance, invoice finance and asset-based lending.
Banks and online retailers can significantly improve their ability to capture hard-to-detect high-risk fraudulent transactions through combining shared fraud intelligence into their risk assessments, according to the latest Global State of Fraud and Identity Report from LexisNexis® Risk Solutions.
MeaWallet, a leader in tokenization and digital payment solutions, has announced a strategic partnership with Integrated Finance, an innovative fintech IpaaS (
The latest proprietary insight from Moneyhub, the market-leading data and payments platform, and their Financial Wellness Tracker reveals that consumer cash savings rose by 6.2% in the 12 months to October 2024.
Domino Data Lab, provider of the leading Enterprise AI Platform trusted by the largest AI-driven companies, today announced new platform capabilities and integrations with Amazon Web Services (AWS), NetApp and NVIDIA that help shorten AI time-to-value, and reduce cost and risk without impeding innovation. Domino is delivering a broad set of single-platform capabilities across data, development, and deployment of AI workloads anywhere —whether in the cloud or on-premises— with full security.
FIS® , a global leader in financial technology, today unveils its new brand campaign, “Unlocking Financial Technology: Bringing the World’s Money into Harmony.” More than a marketing theme, the company’s campaign introduces a powerful new brand position that money has its own lifecycle, and that FIS
IDEX Biometrics has entered into a commercial development agreement with South Korean smart card manufacturer Cellfie Global (formerly ICK) to design, manufacture and market biometric metal and PVC cards for bank and fintech launches in USA, Europe and Asia. This gives IDEX Biometrics full coverage across all four card manufacturers in South Korea, representing a production capacity in excess of 100 million smart cards annually, and with world leading metal card manufacturing capabilities.
Today PayPal announced it will be enabling disbursement partners to use PayPal USD (PYUSD) to settle cross-border money transfers made with Xoom.