One in ten (9%) parents with children under 18 say they’ve been forced to turn to illegal lenders in the last year, shows new research from responsible lender, Creditspring.

This is more than double the UK average of 4%, prompting concerns over the long-term financial stability of many families. Overall, almost two million UK adults have borrowed from illegal lenders in the last 12 months*.

Taulia, a leading provider of working capital management solutions and part of SAP group, and Lloyds, part of Lloyds Banking Group, the UK’s largest retail and commercial financial services provider, have today announced a partnership to issue Visa-enabled Virtual Cards, embedded across a range of solutions available with SAP Business Suite. 

Adyen, the financial technology platform of choice for leading companies, today announced that its Giving product has generated more than $25 million in donations, with brands around the world using the solution to let their customers support causes directly at checkout. Since its launch in 2020, shoppers globally have contributed via their favourite brands through 35 million individual micro-transactions. To mark this important milestone, Adyen is matching all donations made through Giving through 2025.  

Today, Project Nemo, the initiative accelerating disability inclusion within FinTech, announces that it is teaming up with HSBC Innovation Banking UK to turbo charge its mission.  

More than 1 in 5 people live with a disability in the UK; an estimated 16.0 million people in the UK had a disability in 2021/22. This is 24% of the total population, representing an estimated £274 billion a year in spending power. 

New research published today from ClearBank and YouGov – UK consumer attitudes to saving and investing: are providers meeting their needs? – reveals that increasing competition and ongoing economic uncertainty are transforming how Brits manage their money. Nearly two-thirds of those surveyed (64%) are setting aside funds for 'a rainy day' – fuelling financial technology adoption and self-driven money management.

Financial confidence and demand for control

NAGA, a leading FinTech company listed on the Frankfurt stock exchange, and TipRanks, a premier stock research website, today announced a strategic partnership to enhance NAGA's user interface with advanced stock analysis features. This collaboration brings institutional-grade research tools directly to retail investors, significantly improving their ability to make informed trading decisions.

Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030. 

Mercury, the fintech ambitious companies use for banking*, credit cards, and software to power all their financial workflows, today announced a $300 million Series C investment round from existing and new investors. The round, led by new investor Sequoia Capital, includes primary and secondary funding and values Mercury at $3.5 billion post-money, more than double its previous Series B valuation of $1.6 billion in 2021.

Alhuda Center of Islamic Banking and Economics (CIBE), a globally recognized leader in promoting Islamic banking and finance, has signed a landmark agreement with Autosoft Dynamics, a renowned banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariah Compliant Islamic Suite (Consumer & Commercial) for Banking / Non-Banking / Microfinance and Lending Portfolio new setups and conversions.