Young Brits are significantly more likely than others in Europe to prioritise digital over physical in-person services when choosing a bank or lender, new research has found.

The findings – commissioned by CRIF, Europe’s leading provider of digital transformation for financial services – found only one in five (21%) of those aged 18-34 in the UK would now choose a bank based on it having a nearby branch.

Shoptet, the largest provider of e-commerce solutions in the Czech Republic, Slovakia, and Hungary, joined hands with Salt Edge, a leader in offering open banking solutions, to enable immediate payments and money transfers from account to account without the need to use a payment card. 

UK Trust & Safety platform, Pasabi, has secured a multi-million-dollar investment deal to fund the company’s global expansion. 

VNX, a European tokenization platform, and Lambda256, the blockchain tech arm of South Korean fintech leader Dunamu, signed a partnership aiming to jointly develop global security token offering business. This partnership brings together two industry players from Korea and Europe to offer customers services and access to security tokens and asset-backed tokens across continents. 

Nium, the leader in real-time global payments, today announced the appointment of Manuel Sandhofer as Senior Vice President and General Manager, Europe, following unprecedented growth in the region. 

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FBS, a renowned international brokerage company, is proud to announce its sponsorship for the upcoming iFX Expo Asia 2023, scheduled for June 20-22 in Bangkok, Thailand. As part of its engagement in the major B2B event, the global fintech organization, FBS, aims to contribute to the success of the Expo and benefit the advancement of Asia’s financial sector.

As the world turns increasingly towards fully digitized banking experiences, fraudsters are finding new digital lockpicks to crack electronic locks they face when accessing, buying, and exchanging money online. Now, online fraud and financial crime prevention platform, SEON has published its latest ‘Global Banking Fraud Index 2023’, which breaks down the biggest banking fraud trends affecting the market over the past 12 months.  

British fintech payments company PayFuture is today announcing it has been granted an agent Electronic Money Institution (EMI) licence by UK regulator, the Financial Conduct Authority (FCA). With this licence, PayFuture is poised to deliver a comprehensive suite of localised payment products and methods, designed to offer convenience and efficiency in an increasingly digital world.

For high net-wealth individuals and institutional investors, sinking funds into assets like fine art, antiques, high-end wines or luxury watches is nothing new. But the new breed of fractional investing platforms, led by Masterworks, has been bringing change to centuries-long practices.