Yesterday, Facebook announced Libra, a stablecoin to be used for payment in WhatsApp and Facebook Messenger. Libra is a stablecoin pegged to a basket of fiat currencies to minimize fluctuation of its value.

TechCrunch writes: “Facebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees.”

Bottomline Technologies, a leading provider of financial technology that helps make business payments simple, smart and secure, revealed today that 87% of financial decision makers in businesses across Great Britain are unable to recover more than half of their losses caused by fraud, with the figure rising to 93% among small and medium businesses specifically. The average financial loss through fraud sits at £240,092, with the majority of fraud losses having increased from within the £10,000-£49,000 bracket in 2018 to between £50,000 and £250,000 this year.

With just over two months to go until the 29 August 2019 PPI complaints deadline, the FCA is urging all UK consumers to make a decision, before it’s too late, about whether to complain about PPI.

SEI today announced the SEI Wealth PlatformSM (the Platform) has delivered a Costs and Charges reporting service, created in collaboration with FinoComp, a leading wealth management software development company.

KRM22 plc, the technology and software investment company, with a particular focus on risk management in capital markets, today announces that it has added further SMCR applications to the Global Risk Platform. This includes a partnership agreement with Neotas to distribute and support its enhanced due diligence application.

UK SMEs are losing out to big tech in the battle to recruit top tech talent, according to Robert Half UK’s new report, Recruiting for the future: The challenges for UK SMEs.

EBANX, a global fintech company headquartered in Latin America and specialized in end-to-end payment solutions from the region, is now offering EBANX Track, a platform through which consumers can follow the parcels of their purchases made on international online retailers, from the moment they leave the merchant's country to the moment they arrive

To win the customer’s heart, insurers cannot afford to lag behind on customer-focused innovation. Throughout the claims journey they must deliver interactive, personalised experiences. Whilst there are many barriers to implementing AI and analytics effectively to drive results across customer service and claims, it is essential for winning and retaining customers in the future.

Insurance Nexus is hosting a live webinar on the 26^th June which poses fundamental questions to two leading insurers on how AI and analytics are changing the face of insurance claims.

Leading online money transfer service WorldRemit (https://www.WorldRemit.com/en) is introducing new app features to make it easier for remittance recipients in several countries, including Cameroon, to manage funds sent from loved ones overseas.

Remittance receivers in several countries, including Cameroon, can now create and access a remote WorldRemit account to:

Cardtronics, the world’s largest ATM operator, today announced a partnership with Pecunpay, the e-money institution behind some of Spain’s biggest fintechs, that will make physical cash more accessible for digital-banking customers in Spain.