Global analytics software provider FICO today released its August 2020 analysis of UK card trends which shows the continuing signs of financial stress due to COVID-19.

FICO monitors the UK credit market using data reported by the UK’s leading credit card issuers through its FICO® Benchmark Reporting Service. FICO’s analysis of August 2020 activity provides a clear picture of the ongoing impact of COVID-19 on consumer finances.

Today, Mastercard and Monese, the European banking service provider, announced a new multi-year strategic partnership to further enhance local banking services for the underserved across Europe, with Monese becoming a principal Mastercard issuer.

Financial IT speaks with Ed Adshead-Grant, GM Payments & Cash Management at Bottomline Technologies

Leading enterprise connectivity platform Yapily has announced that it is working with BUX, Europe’s largest mobile broker. The new partnership will enable German users of BUX Zero to seamlessly fund their accounts and build an investment portfolio in a matter of seconds.

Leading payments issuer processor, Global Processing Services (GPS) has secured a strategic investment from strategic partner, Visa Inc., the world’s leader in digital payments. Backed by UK growth private equity firm, Dunedin, this strategic investment will accelerate GPS’ global expansion, following its success in launching new and innovative fintechs and digital banks in Europe and South East Asia, including Revolut and Starling Bank.

NatWest and ITV have today announced the launch of a new competition where three of the UK’s brightest small businesses will win their own TV advert worth £150,000, produced by acclaimed London-based advertising agency Pablo, with guaranteed, tailored airtime on ITV and through NatWest’s owned channels.

Debit card spending in the UK reached a record high of £59.1 billion in July, data published by UK Finance has revealed. This is up almost a fifth (17.9 per cent) compared to the previous month and an increase of 9.4 per cent compared to July last year. Credit card spending in July amounted to £15 billion, an increase of 15 per cent compared to the previous month, but 24.8 per cent below levels seen last year.

Female participation in the RegTech industry has grown over the last few years, with women now accounting for up to 35 per cent of the RegTech workforce, but there is more to do - especially when it comes to women moving into leadership roles. 

Tata Communications today announces its financial results for the quarter ended September 30th, 2020.

Highlights|Q2 FY2021

Data services portfolio

·      Robust growth in Data business; revenue grew by +7.2% YoY on the back of strong performance across segments.

Bittrex Global (Bermuda) Ltd. has announced the launch of leveraged tokens under the supervision of the Bermuda Monetary Authority (BMA). Leveraged tokens as a product are aimed at institutional investors and experienced traders looking to increase their exposure to cryptocurrency markets.