The last year has been challenging for UK households balancing budgets against rising fuel costs, spiralling inflation and wage pressures. Analysis by global analytics software firm FICO of its proprietary UK credit cards data for March 2023 to March 2024 illustrates the impact these pressures have had on credit card usage and debt management. 

Financial IT caught up with Paul Sweeney, Solution Architect, Engine by Starling and

Richard Kalas, Client Solutions Director, Retail Banking, GFT at Money20/20 Europe to discuss how they are modernising banking technology.

snappi, the pioneering Greek neobank, announces that it has received a universal banking license from the European Central Bank (ECB), following the proposal of the Bank of Greece. The regulator's approval comes as the first milestone in snappi's plans to provide next-generation financial services.

Mambu, a leading cloud banking platform, announces the appointment of Mark Geneste as Chief Revenue Officer to lead its commercial team. Geneste’s appointment is expected to drive growth and strengthen Mambu's position in the market, further enhancing its reputation as a leader in the banking technology sector.

Allica Bank has partnered with leading title insurance provider Westcor International to introduce their Perfect Title insurance product across its commercial mortgage range from 1st July 2024.

The move will help to significantly reduce lending times for new property purchases up to a maximum value of £1.5 million with an LTV of up to 60%. It will also apply to any refinance application, regardless of loan amount or LTV.

Bloomberg today announced the release of new tools to help investors measure, manage and report on the sustainability characteristics of investment portfolios. The tools are accessible within Bloomberg’s widely-used portfolio and risk analytics solutions, PORT, which is available to all Terminal users, and the premium offering PORT Enterprise, for those seeking an integrated enterprise reporting solution.

Oxbury, Britain’s first and only fintech 100% dedicated to farming, with a full UK banking licence and powerful AgTech proposition supporting agriculture’s critical transition to net zero, has reported is financial results for 2023, achieving annual profitability for the first time – with over £3 million of pre-tax profit.