Insurtech, Vitesse, works with Anansi to simplify and reinvent the transit insurance process, helping to provide faster claims and take the strain off retailers. With 75% of the complaints regarding the delivery - meaning it’s typically the courier at fault - it’s the retailers who suffer - more often than not, losing valuable customers in the process. 

Kiwi, one of India’s leading FinTech companies that is transforming the credit card landscape in India, has raised $13 million (Rs. 108 Crore) in a Series-A funding round led by Omidyar Network India.

Identity fraud rose by more than a fifth this year, amid warnings that fraudulent activity is set to peak over the Christmas shopping period 

New analysis from Experian reveals that identity fraud rose by 22% in 2023, when compared to 2022, with the trend expected to be at its peak over November and December. 

There are clear advantages associated with the growth in digital banking services and features. Consumers can open accounts and apply for loans and mortgages within minutes, transfer money at the click of a button, and make use of many tools to track spending and make savings. 

Research from personal finance website finder.com estimates that the UK could spend a total of £828 million on credit card interest over the holiday season. An estimated 23 million Brits plan to use credit cards to cover their Christmas spending, with an average predicted expenditure of £627 each. This estimate is based on paying off balances within 6 months, with an average annual purchase rate of 25.58%. 

The true cost of things

Tata Consultancy Services (TCS) announced the launch of its innovative Invisible Tickets solution, built in partnership with ING Bank, to help railways and public transport operators worldwide transform the commuting experience.

FinTech Wales, a non-profit independent membership organisation for the FinTech and Financial Services industries in Wales, has partnered with The London Institute of Banking & Finance (LIBF) to offer an exclusive, five module course for professionals in FinTech to deepen their understanding of sustainability strategies. 

BKN301 Group, a Fintech company offering Innovative Payments and Banking-as-a-Service solutions with a focus on high-growth markets, especially in the MENA area, continues its development strategy, fostering its growth in the Middle East, especially in Qatar, where it opened a new branch last July, that will help the company better serve the Arabic Gulf.

STICPAY, a leading global e-wallet service provider and payment gateway, today announces a new strategic partnership with Ness LAB, a pioneering research company dedicated to building a blockchain-based information economy. 

The Consumer Financial Protection Bureau (CFPB) and 11 states announced today that Prehired will provide more than $30 million in relief to student borrowers, for making false promises of job placement, trapping students with “income share” loans that violated the law, and resorting to abusive debt collection practices when borrowers could not pay.