Advisor attrition is one of the most pressing challenges facing wealth management firms today. Losing experienced advisors doesn’t just impact internal operations, it disrupts client relationships, affects assets under management (AUM) and damages a firm’s reputation. With competition for talent increasing, firms need to rethink how they attract and retain advisors to build a stable, engaged workforce.

The high cost of advisor turnover

Backbase, a global leader in engagement banking, has partnered with Salt Edge, a leading provider of open banking solutions, to accelerate the adoption of open banking and help banks seamlessly meet compliance requirements while unlocking new revenue opportunities.

FinTech Wales is delighted to announce the appointment of Lucy Bulley as Programme Director for the 2025 FinTech Wales Foundry.

With an impressive track record of supporting and scaling startups across fintech, cyber security, SaaS, and beyond, Lucy brings a wealth of experience to the role. A seasoned Fractional COO, founder, and startup mentor, she has worked with scaling businesses across multiple tech sectors, both in Wales and internationally.

Global analytic software leader FICO’s analysis of UK credit card payments data from the past six years has revealed that consumers developed healthier credit card payment patterns during the pandemic, and those patterns have not fallen back to pre-pandemic levels. The COVID-19 lockdown and its reduced spending opportunities, as well as the financial support provided by the government furlough scheme, saw consumers more able to make card payments.

The British Business Bank has agreed an ENABLE Guarantee transaction of up to £100m with Cynergy Bank PLC, to support its asset-based lending arm Cynergy Business Finance Limited expand its lending to UK small businesses.

The transaction will support Cynergy Business Finance’s invoice finance lending and is the first ENABLE Guarantee to support this asset class, further increasing the choice of debt finance options available for small to medium sized businesses.

Featurespace, global fraud and financial crime prevention innovators, today announced that CEO Martina King will retire following the company's successful acquisition by Visa.

Jason Blackhurst will take on the role of SVP, Head of Featurespace and Acceptance Risk Solutions at Visa. With a history of leadership roles across the payments industry, Blackhurst brings over 30 years of experience in the financial services industry.

 Global fintech SumUp has partnered with FreedomPay, a global leader in Next Level Commerce™ technologies, to further strengthen their offering for retail and hospitality merchants worldwide.     

Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed $1.7trn in 2024, is proud to announce it has joined TheCityUK and UK Finance. These strategic affiliations evidence Capital.com’s continued dedication to advancing the UK financial services and fintech sectors, advocating for forward-thinking financial policies, and leveraging technology to drive sustainable growth in financial services.

Nasdaq Verafin has released its new report, Financial Crime Insights: Europe, that takes a deeper dive into the scale of financial crime across Europe. This report provides new analysis of the data from the 2024 Global Financial Crime Report, and industry insights from a survey of anti-financial crime professionals from across Europe, including the EU, UK, Nordic region and more.

FINOM, the European financial services platform for entrepreneurs, has issued its first credit line to a small business in the Netherlands, marking the company's official entry into direct lending. This milestone comes as part of FINOM's pilot on-demand funding program for small and medium-sized businesses.