UK-based FinTech company Paysend yesterday announced that it has reached the 2.5 million customer mark for its Global Transfers service. Having been founded in April 2017, Paysend has raced to the milestone in just three and a half years, and the company’s growth rate is continuing to increase - the 1.5 million customer mark was only reached in March, meaning that 1 million new customers have been welcomed during the global pandemic.

People in the UK continue to feel the strain on their finances due to COVID-19 with those aged 18 to 24 most affected - according to credit reference agency Credit Kudos’ second Borrowing Index, which drills down into the nation’s current borrowing behaviour.

The survey of 2,000 people across the UK found that almost two in five (37%) of the youngest adults have seen their finances impacted (compared to 26% across the UK), while 43% had to increase their borrowing since the start of the pandemic.

Clifford Chance Applied Solutions announces the launch of a digital tool "Cross-Border Publisher: Banking Confidentiality" providing banks with trusted legal know how on banking duties of confidentiality on a multi-jurisdictional basis. The tool covers a growing list of key jurisdictions* for businesses, with more jurisdictions to be added subject to demand.