NatWest Group has today announced a new partnership with the Federation of Small Businesses (FSB). This official payments partnership, builds on the support the NatWest Group has given to FSB over the years as the UK’s biggest bank for businesses.

Mastercard and Network International, the leading enabler of digital commerce across the Middle East and Africa have collaborated to roll out Mastercard Installments in the UAE. The program, which is now available across merchants in the UAE, gives consumers the flexibility to split their purchases into installments across Mastercard’s merchant network – online and in-store.

Splunk, the cybersecurity and observability leader, in collaboration with Enterprise Strategy Group, today released the “State of Security 2024: The Race to Harness AI” global research report. A total of 1,650 security leaders participated in the global survey, with many reporting that cybersecurity has become easier to manage compared to past years. However, cybersecurity defenders now find themselves in a race against adversaries to harness generative AI (Gen AI).

Klarna, the AI powered global payments network and shopping assistant, has announced a further $2M worth of funding as part of its Climate Transformation Fund in collaboration with Milkywire. The charitable fund, which enables companies to invest in impactful climate solutions, was launched in 2021. To date Klarna has contributed $7m to climate projects and by the end of 2024 will support over 45 organizations tackling the climate crisis. 

Finastra, a global provider of financial software applications and marketplaces, and OpenFin today announced a partnership to redefine the user experience of Finastra Kondor, a leading bank treasury management system.

Cashflows, the platform that makes it easy for businesses to accept payments, today launches the new Cashflows Developer Portal. The enhanced portal acts as a one-stop-shop to empower merchants and partners with access to all of Cashflows’ products and services, streamlining and simplifying the onboarding process.  

The Norfolk FinTech Report 2024 - commissioned by Tech East and independently produced by Whitecap Consulting - forecasts Norfolk's FinTech sector could be worth £100M by 2027, with the number of FinTech firms doubling within the next three years and forecast to create more than 600 new roles in the region.

New research from embedded finance specialist Weavr reveals that a staggering 94% of Accounts Payable (AP) professionals would prefer their AP software to be able to execute payments, not just prepare them. Based on a survey of 250 UK finance and accounting professionals, the data shows a significant number of pain points within current industry solutions.

Monument (or the “Bank”) proudly announces a significant milestone in its journey: it has reached £2 billion in customer deposits and interest-bearing assets, with £1 billion raised in just four months, from January to April 2024.  

Today, the Consumer Financial Protection Bureau (CFPB) issued a new report that suggests consumers tend to pay more for products that have more complex pricing structures. The report is based on experiments with multiple rounds of buyers and sellers interacting in simple markets, and found that participants tended to pay more when prices were broken into sub-parts and were harder to understand.