A plurality of the payments industry believes that Authorised Push Payment (APP) fraud is likely to be the biggest threat in 2024 – and that AI technology will be key in combatting it. That’s according to a survey of payment leaders and trailblazers published by The Payments Association, which celebrates innovation and collaboration across the industry.

New research from the Financial Conduct Authority (FCA) has found that while many are struggling to meet financial commitments, the picture has improved over the last year.

The regulator found 7.4m people were struggling to pay bills and credit repayments in January 2024, down from 10.9m in January 2023. This is still higher than the 5.8m recorded in February 2020, before the cost of living squeeze began.

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that it is working with REGnosys to support industry adoption of the ISDA Digital Regulatory Reporting (DRR) solution and aid compliance with forthcoming global derivatives trade reporting rewrites. The ISDA DRR establishes a golden-source interpretation of market practices and trade reporting logic, developed through industry consensus.

NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers, and consumers, today announced that $3.3 billion-asset Arizona Financial Credit Union (AZFCU) has selected Atleos’ ATM as a Service (ATMaaS) to increase operational efficiencies within the self-service banking channel while improving the member experi

Bank payment company GoCardless has announced the renewal and expansion of its strategic partnership with Sage, the global leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses. 

Gilion, the Swedish Growth & Funding platform, today announced the closure of a €10 million equity funding round, bringing the total equity raised to €40 million. This significant investment comes on the heels of a year ending with a strong growth increase, a 4x year-over-year revenue increase and an 8x increase of companies on the platform, where we now help hundreds of thriving companies optimize their growth.

Mastercard today announced a realignment of its teams centered on three interdependent areas of Core Payments, Commercial & New Payment Flows and Services. These changes will enable further alignment to accelerate growth and deliver value for stakeholders.

Just two-fifths (42%) of the UK population know how to contribute more into their pension, according to new research from Lloyds Bank.

The same study also found that of those who have multiple pots, a quarter would not know where to start to combine multiple pension pots accrued throughout their working life.

Empower Finance, Inc. has entered into a definitive agreement to acquire Petal, a consumer credit card and financial technology company headquartered in New York, and completed its acquisition of Cashalo, a consumer credit and lending company headquartered in the Philippines. Empower is a leader in alternative credit underwriting and a pioneer in financial product innovations for underserved consumers in the U.S. and Mexico.

Bloomberg today announced the launch of Company Financials, Estimates and Pricing Point-in-Time, a new offering that connects and integrates a broad, diverse range of datasets from multiple sources, provides historical point-in-time data and will enable linking traditional company data to more esoteric data like alternative data.