• Half of people don’t know that they’re at risk of falling into debt if they miss buy now, pay later (BNPL) payments.
• Huge misconceptions around borrowing are putting people at risk – one in seven adults wrongly believe that it’s impossible to get into debt from using BNPL, and this rises to one in four among 18–34-year-olds.
• Since January 2021, BNPL has become the second most popular form of new borrowing in the UK.

This additional offering will help provide Indian exporters with an alternative payment gateway offering and reduce export costs by up to 8%

In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon warned that incumbent banks are grappling with a “diminishing role” in the global financial system, largely due to outside competition.

Battle Financial, Inc. chooses Temenos core banking and payments to offer deposits, FX and precious metals accounts

FXCH (Hong Kong) Ltd. has partnered with 24Exchange (Bermuda) Ltd. to offer a Clearing and Settlement option to Crypto cash institutional market participants. The service, available to all 24Exchange members, provides the first clear demarcation between trade execution, margin/risk management and settlement for the Crypto asset class. 

FXCH Ltd. operates a real time netted Clearing House model for Institutions who trade digital assets on multiple Exchanges and OTC venues. 

5ire, the 5th generation blockchain network, announced today that social innovation expert Dr. Richard Swart, celebrity talent manager Jamie Gold and former Senior Advisor to the Nobel Peace Prize Forum, Ed Martin, have joined its team as strategic advisors.

Integration with Portware EMS enables more efficient and transparent bookbuilding and price formation for Buyside Traders

Appital, the Equity Capital Marketplace, today announced an integration with FactSet’s Portware Enterprise Execution Management System (EMS), giving clients access to Appital’s revolutionary bookbuilding platform. 

» Financial firms face increased risks via four main channels: commodity price shocks; business disruption; liquidity tightening and market volatility; and security and operational risks 

» Banks in the Baltics and in the Commonwealth of Independent States are most exposed to spillover effects from the military conflict and have limited buffers to absorb the impact if it is prolonged 

FCA-approved fintech StepEx agrees “first of many” institutional deals seeing professional training providers sell regulated Future Earnings Agreements 

StepEx, an FCA-regulated fintech that provides the infrastructure for universities, business schools, and technical and professional/vocational course providers to offer qualifications in exchange for a share of students’ future earnings, has agreed a world-first deal for a financial institution to buy the receivable assets. 

National property sales and lettings company DAPS UK has partnered with leading anti-money laundering specialist SmartSearch.

The company, which will shortly be opening its seventh UK office, is the latest property-related business to sign up to the SmartSearch digital customer verification and screening system.