Neil Kadagathur, Co-Founder and CEO of Creditspring, comments: “Ever since payday loans have been driven out of the mainstream, BNPL has been viewed as the new wild west of the borrowing industry.

“Regulation is welcome but the misconceptions amongst borrowers, that BNPL is risk-free or isn’t a form of borrowing that can lead to debt, are a much bigger issue. Regulation won’t go far enough - lenders need to ensure they develop awareness amongst borrowers of the risks that BNPL poses.

GoCardless has appointed Paul Stoddard, a former Mastercard executive, as president. 

Global Processing Services (GPS), a leading global payment technology platform, has today announced the appointment of Simon Stanford as Chief Revenue Officer. Based in London, Stanford sits on GPS’ global executive committee and leads the company’s global commercial, partnerships and customer relationship management, and marketing teams with a focus on developing GPS’ global partnerships ecosystem, marketing and brand strategy, and driving revenue growth worldwide.

Cryptocurrency awareness and ownership has continued to increase over the last six months, according to the latest findings from Coinbase, a global platform.

Its latest bi-annual analysis of UK consumers, carried out by Qualtrics on behalf of Coinbase, found that the proportion of people who own, or have previously owned, cryptocurrency has risen four percentage points over the last six months, meaning one in three (33%) have now purchased these assets. 

ION Markets, a global provider of trading platforms, analytics, and risk management solutions for capital markets, is pleased to announce that its JANUS Suite (by LIST, an ION company) won Best Risk Management Product at the Markets Choice Awards 2022. The annual awards, presented in New York yesterday, recognize important sectors of institutional trading and technology, namely, buy-side traders, sell-side execution desks, exchanges and trading platforms, incumbent technology providers, and emerging fintech firms.

Temenos, the cloud banking platform, today announced that more than 1,500 leaders from the world’s leading banks, fintechs, BaaS providers and Temenos partner ecosystem will come together at the Temenos Community Forum 2022 at the London Excel May 17-19. Registration is open, and an invitation can be requested here.

The Fair Trust, an ecosystem building a new-age financial platform, today announced the launch of the presale of The Fair Trust Token (TFT) through a Private Seed Round. The opportunity will be open for private investors and early TFT community members till the end of May 2022. Investors who wish to join The Fair Trust community can go to The Fair Trust website and make the investment. The company aims to raise $2 million through this round.

ZestMoney, India’s leading and fastest-growing EMI financing and Buy Now, Pay Later (BNPL) network, today kicked off India’s biggest travel fest – #ZestTravelFest, a month-long event to power customers with convenience while planning their vacation. The fest is live on all major travel portals including MakeMyTrip, Yatra, Goibibo, EaseMyTrip, and many others, and customers can maximize their finances using ZestMoney.