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Social Media Inspires Gen Z to Save More and Budget Better

Social media could inspire a new generation of savvy savers and fiscally responsible young adults, with 74% of Gen Z taking part in social media-based challenges to boost their overall savings, as revealed in the latest NatWest Savings index.

Compared to other age groups, Gen Z is the most likely of any generation to budget. Almost seven in ten (69%) 18-24 year olds say they create a budget for their finances, in contrast to those aged 65 and over, where less than half (42%) report they I set a budget.

Tuesday, July 16, 2024 - 10:31
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/news/personal-finance/social-media-inspires-gen-z-save-more-and-budget-better
Financial IT
PayPoint Issues Warning Over Continued Rise in Unauthorised Cheque Fraud Cases

PayPoint today issues a warning over the risks of Unauthorised Cheque Fraud which last year cost victims in the UK £5.6 million according to the UK Finance Annual Fraud Report 2024.

Despite the overall value of Unauthorised Cheque Fraud losses falling by -25% in 2023, the number of cases rose by almost a quarter (+24%) in parallel, indicating that criminals still view it a highly lucrative crime.

Tuesday, July 16, 2024 - 10:19
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Financial IT
Paycorp Expands Embedded Business Funding into UK

Paycorp, a global leader in payment solutions, today announces the expansion of its embedded, pre-approved business funding offering into the United Kingdom.  

Tuesday, July 16, 2024 - 10:10
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/news/infrastructure/paycorp-expands-embedded-business-funding-uk
Financial IT
The Fintech Fraudlympics: Brazil, Bangladesh, South Africa Take Medals in Industry Fraud Leaderboard

Sumsub, a global full-cycle verification platform, has launched the ‘2024 Fraudlympics’; using new data to reveal which nations have experienced the biggest increases in: 

  • Fraud by type - identity theft, forced verification, deepfakes.

Tuesday, July 16, 2024 - 10:08
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/news/fraud-detection/fintech-fraudlympics-brazil-bangladesh-south-africa-take-medals-industry-fraud
Financial IT
AI Could Untap £119 Billion Worth of Productive Work Annually Across UK Large Enterprises

Workday, Inc, a leading provider of solutions to help organisations manage their people and money, today published The UK Productivity Gap: How AI can unlock workplace potential

Tuesday, July 16, 2024 - 10:00
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/news/artificial-intelligence/ai-could-untap-ps119-billion-worth-productive-work-annually-across-uk
Financial IT
Wealth Managers Grapple with Long Client Onboarding Times – Avaloq Research

Wealth management clients worldwide experience significant waiting times in the onboarding process according to research from Avaloq, a global leader in digital banking solutions and wealth management technology.

Tuesday, July 16, 2024 - 09:49
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/news/wealth-management/wealth-managers-grapple-long-client-onboarding-times-avaloq-research
Financial IT
Jordan Kuwait Bank Partners with Mastercard and FOO to Unveil eliWallet

Jordan Kuwait Bank (JKB) is pleased to announce its strategic collaboration with Mastercard and FOO to introduce eliWallet, a groundbreaking multicurrency payment.

Tuesday, July 16, 2024 - 09:46
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/news/e-wallets/jordan-kuwait-bank-partners-mastercard-and-foo-unveil-eliwallet
Financial IT
OCN - The Fintech for Gig Workers Across the Americas - Completes $86 Million Series A Fund Raise

OCN (formerly “OneCarNow”), the leading Fintech for gig workers across the Americas, announces an $86 million Series A fund raise - comprising equity and debt - in a major endorsement for the Company’s business model and track record.

Participating institutions include lead investors for the equity element: Caravela Capital (Brazil); Collide Capital (US); and Great North Ventures (US) with the debt element provided by new investor - i80 Group - a New York-headquartered investment firm.

Tuesday, July 16, 2024 - 09:37
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/news/fundraising-news/ocn-fintech-gig-workers-across-americas-completes-86-million-series-fund-raise
Financial IT
Temenos and Visa Team Up to Bring Visa Money Movement Solutions to Banks via Temenos Exchange

Temenos, the banking software company, today announced a collaboration with Visa, a world leader in digital payments, to integrate Visa Direct, a Visa money movement solution, with Temenos Payments Hub and make available to banks via Temenos Exchange, the Temenos ecosystem of partner solutions.

Tuesday, July 16, 2024 - 09:33
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/news/money-transfers/temenos-and-visa-team-bring-visa-money-movement-solutions-banks-temenos
Financial IT
CUBE Bolsters Board with Experienced Appointments

CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has today announced a series of experienced additions to its board as it continues to extend its leading position and continue its transformational growth.

Tuesday, July 16, 2024 - 09:30
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/news/people-moves/cube-bolsters-board-experienced-appointments
Financial IT

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