Leading consultancy Kearney has today released the latest data from its annual European Retail Banking Radar, finding that more than two-thirds (73%) of European bank clients have kept their primary account at the same institution for five years or longer.

According to Kearney, over half of Europeans (55%) still bank with one institution, with this figure as high as 77% in Austria.

 FinScan®, an Innovative Systems, Inc. solution, is proud to announce a series of successes it has achieved throughout 2023 and 2024. The accomplishments highlight the company’s commitment to technological innovation, customer satisfaction, and market adaptation and the response from new and existing customers resulting in double-digit revenue growth over the last year.

Griffin, the UK’s leading bank for fintechs, today announced it is opening its platform up to UK fintechs as it concludes its early access programme, Foundations. As a licensed UK bank and Banking-as-a-Service (BaaS) provider, Griffin enables companies to seamlessly embed banking products like payments, savings, safeguarding and client money accounts, and unlock more revenue opportunities across their value chain.

Moneyhub, the market-leading fintech and Open Finance firm, has integrated with Idomoo’s Next Generation Video Platform to further drive consumer engagement with their personal finances for its enterprise clients. The integration offers firms using the Moneyhub platform another dynamic way to engage the modern consumer with their financial products and service providers.

Liberis, the leading global embedded finance platform, announced a partnership today with myPOS, award-winning fintech platform and payment service provider to European SMEs. This partnership will enable myPOS to offer revenue-based financing in 10 European countries starting with the UK, providing small businesses (SMEs) with the money they need to fund new projects, address business challenges, and expand at their own pace.

New research from RedCompass Labs, a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.

UK consumers have some of the worst trust levels in banks and financial providers when it comes to keeping their data safe, significantly lower than in Europe and the US.

The new findings from CRIF, Europe’s leading provider of consumer and business credit information, reveal that just 53% of Brits trust their bank or provider to look after their data.

PastPay, a provider of B2B payment solutions, has announced a €12 million Series A funding round led by Platina Capital in collaboration with several leading financial institutions and high-profile private investors. PastPay’s mission is to provide innovative B2B payment solutions, enabling flexible payment terms for business transactions.