As credit card borrowing soared to £1.2 billion in November, the highest levels since 2004¹, new research from Forbes Advisor reveals one in four (25%) consumers - the equivalent of 13 million Brits - are relying on credit to fund everyday costs such as lunch and transport.

Almost three in 10 (29%) Brits are using it to feed themselves and their families.

Travelex, a market-leading foreign exchange brand, has partnered with KAYAK, the world’s leading travel search engine, to make travel planning easier. Through the partnership, Travelex customers can now search for flights, stays and rental cars within the refreshed Travelex Money app, enabling them to plan their trip and manage their funds for it, all in one place.

The payments industry was once dominated by a few big players, but now has an almost constant influx of fintechs entering the market, each bringing disruptive thinking and new tech to the sector. 

Blockchain Founders Fund, announced the principal close of BFF II. The $75m fund saw participation from notable investors from across the blockchain and crypto industry as well as many reputable family offices from around the world.

If ever there’s time to take stock, refine processes and seek counsel, it’s during a recession.

Assessing the asset value of your agency, finding a trusted advisor, and building a clear strategic vision for growth will help create a tangible roadmap to success - even in the midst of an economic downturn. Doing so gives a 360° view of your business and provides a pathway through economic difficulties.

Allica Bank, the fintech challenger bank dedicated to supporting established SMEs, has doubled its maximum commercial mortgage loan size from £5 million to £10 million as it looks to ramp up support for business owners in a challenging market.

In what is the largest percentage increase in the bank’s history, the new £10 million limit will cover both single loans and the combined value of multiple loans to the same customer.

A surge in global inflation, which now stands at multi decade highs in many countries, and a cost-of-living crisis are taking their toll on businesses and individuals – with a number of repercussions for insurers in certain lines of business –some of which will be felt more deeply than others.

A revolutionary new approach to online verification is the aim of a new company which has been set up by Cumbria-based tech firm SMS Speedway in partnership with Svipe, a Swedish company with expertise in biometric identification.

FNZ, the global wealth management platform, is pleased to announce the acquisition of Fondsdepot Bank, one of the leading independent platforms for trading and custody in  Germany. The acquisition represents a further investment by FNZ in the German market and will bring together the complementary strengths of investment platform ebase, specialist wealth tech provider DIAMOS and Fondsdepot Bank.