As the cost-of-living crisis pushes record numbers of people to the financial edge, with many relying on loans, overdrafts or credit, Moneyhub Decisioning warns that many Brits may be at risk of falling into a spiral of missed payments and loan defaults.

Of those who have experienced difficulties, a tenth (10%) said they believe the product they were on was not the most suitable for their circumstances. 

Spectrum Markets (“Spectrum”), the pan-European trading venue for securitised derivatives, today welcomes independent retail broker Directa SIM (“Directa”) as its newest member.

Directa is a pioneer in online trading in Italy, servicing over 61,000 active accounts representing combined customer assets of around €3.5bn. It has been listed on Borsa Italiana since December 2021. It will be a direct trading member of Spectrum, using proprietary technology to act as its own settlement agent.

In an era of rapid technological advancement, security, and compliance remain paramount concerns for businesses in the digital asset age. Addressing this problem, wallet infrastructure and custody solutions platform ‘Liminal’ has joined hands with Confide, a leading CryptoCurrency Security Standard Auditor (CCSSA) organization to launch a comprehensive e-book that provides guidance for exchanges and custody providers in implementing CCSS requirements.

Digital payments expert, PayPoint, has become the first Open Banking provider to offer bank to bank transfers as a Payment Initiation Service Provider (PISP) to Pay-As-You-Go energy customers with its new Pay By Bank service. PISP credit transfers operate on the existing interbank infrastructure, but provide customers with an easier payment journey, as a PISP payment requires fewer steps and less data entry than other methods while delivering cost efficiencies for any business.

Unique challenges faced by the banking and financial services sector have made it complex for organisations to roll out clear flexible working policies. Robust regulations, the need for watertight security and the industry’s roots embedded deep in the physical heart of the world’s financial hubs create a challenging environment to shift from traditional to hybrid working models.

2023 The Financial Investment Expo is a major event for the fintech and financial investment industry around the world. It is a comprehensive platform designed for global forex companies and investment and financial institutions to display their corporate image, expand brand influence, promote financial products and expand market share. At the same time, it also builds a new financial investment service platform for global and Southeast Asia investors to connect resources and exchange information.

Alba Bank - the UK’s newest challenger bank dedicated to supporting SMEs – has appointed banking industry leaders Robert Sharpe and Andrew Lewis to the key roles of Chair of the Board and Chief Risk Officer as it gears up for launch.

Moving into his new role as Chair, Robert Sharpe brings with him over 45 years’ experience in retail banking. Robert is also currently chair at Metro Bank plc, Hampshire Trust Bank plc and Pollen Street plc. 

IDC is pleased to announce the sponsorship of Saudi Information Technology Company (SITE) for the 13th edition of the annual Saudi Arabia CIO Summit in Saudi Arabia, set for 13-14 September at the Fairmont Hotel in Riyadh.

XS.com, the multinational global FinTech and financial services provider has today announced that its visionary Group Chief Executive Officer, Mohamad Ibrahim, has been awarded as the “Top Inspirational Leader” during the White Page Leadership Conclave 2023 which was organised by the White Page International (WPI).

Perfios, India's leading B2B SaaS Fintech company, announced today that Kedaara Capital, a leading private equity investor, will invest $229 Million in its Series-D funding round, through the combination of a primary fund raise and a secondary sale. This marks one of the largest investments in an Indian B2B SaaS company this year.