July was a landmark month for open banking, with more than 15.16 million people and businesses now using services powered by the technology - equivalent to nearly one in three UK adults.  

The latest figures also show that in July, open banking services were used a record 2.04 billion times, up 3.5% from June. From paying taxes to ordering dinner, millions of UK consumers and businesses are embracing open banking to manage their money with greater control, speed and confidence. 

As UK children prepare to head back to school, a new survey from PensionBee, a leader in the consumer retirement market, reveals the stark financial trade-offs parents are being forced to make – with saving for retirement often one of the first casualties.

Qlarifi has completed the first real-time, multi-provider study of Buy Now Pay Later (BNPL) usage, revealing that 1 in 4 users make a new transaction every five days, and most use BNPL monthly.  

In fact, high-usage consumers are more reliable, with defaults concentrated in lower-ticket, one-off purchases by older or first-time users. This challenges the narrative that BNPL is primarily driven by impulsive Gen Z and millennial spending.

Profile, a leading international financial solutions provider, announces the successful go-live of a major upgrade to its robust risk and compliance solution, RiskAvert, at CrediaBank, a prominent and dynamically growing banking institution in Greece with a clear identity and mission in the Greek banking sector. The implementation enables compliance with the new Basel IV (CRR III) regulatory framework and addresses a wide range of risk categories.

Bluprynt, a leading provider of compliance automation and blockchain solutions, today announced the launch of Know Your Issuer (KYI), a new cryptographic verification solution that addresses one of the digital asset industry's most persistent challenges: the counterfeiting of legitimate tokens. KYI establishes a secure, transparent, and crypto-native standard for verifying token issuers, safeguarding markets from fraud and reinforcing trust at the foundation of tokenized finance.

dLocal, a leading cross-border payment platform connecting global merchants to emerging markets, announces a new partnership with Cleeng, a SaaS platform specializing in Subscriber Retention Management (SRM®) for D2C subscriptions.

Sola, a cutting-edge insurtech company redefining property insurance, today announced it has raised $8M in Series A funding, bringing total funding to $11.7M. The round was led by FINTOP Capital and JAM FINTOP, with participation from 10vc and Georgia Tech.

Sola is ushering in a new era of affordable and consistent property insurance. Since the company's seed round last year, Sola has grown revenue 7x, launched its flagship wind and hail program, and become a Lloyd's of London coverholder.

Rain, the enterprise-grade infrastructure for stablecoin-powered payments, today announced a $58 million Series B funding round led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest.

Wahed, a leading Shariah-compliant Fintech, today announced the launch of its Private Real Estate investment product in the United States. This marks an important milestone in Wahed's continued mission to create inclusive and accessible investment opportunities for faith-based investors.