One in five Brits are failing to keep track of their personal finances, with 40% of millennials admitting they have no clue how much they spend compared to what they earn each month.

The news comes as Bank of England data from December 2019 showed households have £45billion more debt on credit cards, personal loans and overdrafts compared to the start of 2010 – a 25 percent growth in 10 years.

BlockWorks Group (BWG) today announced that on Feb.

TemTum (temtum.com), the quantum-secure, ultra-

AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, today announces the opening of a business operations centre in Limerick, Ireland, creating as many as 100 jobs over the next five years. The office will be located in the National Technology Park in Plassey.

Apple has acquired Seattle-based edge AI experts Xnor.ai for a reported $200 million.

If you recognise Xnor.ai, it’s likely because the company’s technology once powered the person-detection feature on Wyze’s popular cameras. Xnor.ai abruptly cancelled their contract with Wyze back in November – and now we know why.

In layman’s terms, edge computing means the processing is done on-device. On-device computation has significant advantages when it comes to reducing latency, improving performance, and retaining privacy.

Visa announced it will acquire Plaid—a startup that connects payment apps like Venmo and Square Cash to users' bank accounts to transfer funds—for $5.3 billion. That marks a doubling of Plaid’s value in a year. The eight-year-old San Francisco company last raised funding a year ago at a $2.65 billion valuation. In 2019, Plaid doubled its number of customers to reach 2,600, and it expanded beyond the U.S. to the U.K., Spain, France and Ireland. 

UK-based Revolut is on course to achieve a $5 billion valuation during an upcoming funding round, according to documents from lead investor Technology Crossover ventures (TCV)

An information advantage has become one of the most important competitive edges in the financial markets today. Receiving the right data, faster than competitors, is a significant driver of performance. However, while firms invested over $50 billion in 2019 into market data, investment in technology to make the consumption of financial research more efficient has been neglected for too long, argues Limeglass’s co-founders, Rowland Park and Simon Gregory.

Confluence Technologies, Inc.

Capgemini and Efma today launched the Financial NewTech Challenge 2020, powered by FinTechVisor, which offers an opportunity for NewTechs and financial institutions to showcase their collaborative business solutions to an elite panel of experts and industry influencers.