Klarna, the AI-powered global payments provider and shopping assistant, has revealed UK consumers paid off 97.4% of Black Friday orders on time or early, an increase of 2% compared with last year. The data comes as Bank of England boss Andrew Bailey declared yesterday that the UK’s recession may already be over. Klarna’s Buy Now Pay Later products are always interest-free and, if paid on time, incur no fee.

Green Dot Corporation, a leading digital bank and fintech providing seamless banking and payment services to consumers and businesses, announced a new partnership with Dayforce, Inc.. Through this partnership, Green Dot will serve as the U.S.

Western Union and Mercado Pago today announced growth in their existing relationship, allowing United States and Canadian customers to send money from Western Union’s mobile app, website, or one of its retail locations to Mercado Pago wallet accounts in Mexico.

Market-leading payment services and data enrichment platform, Tink, has entered the official register to become one of the first participants of the European Payments Council’s newly launched SEPA Payment Account Access (SPAA) scheme. 

SPAA aims to unlock the opportunities of open data access while ensuring that banks are sufficiently incentivized to invest in maintaining application programming interfaces (APIs) and (real-time) payments infrastructure.

The FICO UK Credit Card Market Report for December 2023 reflects the usual season trends in spending and payments. However, it also reflects the impact of continued high prices on card balances. This latest report shows the highest levels of both average spending and average balances since 2006 when FICO first analysed credit card use and payments.

Griffin, the API-first UK bank and full-stack Banking as a Service (BaaS) platform, has announced that it is accepting applications for its early access programme, Foundations. This comes after a successful pilot programme for its first set of customers. Foundations are designed for companies in the UK who want to offer financial products to their customers and build directly on a full-stack BaaS provider.  

Zilch, the ad-subsidized payments network (ASPN), today announces the launch of a new credit payment product, allowing its customers to spread interest-free repayments for larger purchases over three months. The new ‘Pay over 3 months’ product will provide more flexibility to customers and drive up Zilch’s market-leading wallet share. 

KPMG UK and Blue J announced today that they will launch a new generative AI-powered product to answer challenging tax research questions in seconds. KPMG will have exclusive access to the tool, Ask Blue J, among the big four accountancy firms in the UK for the first three years.

Finastra’s Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution. The function automates the creation of borrower narratives (notes) that aids in lender underwriting – streamlining processes, saving time and minimizing errors for brokers.