Fintechs could save migrant workers a combined £520m when moving money from the UK to emerging economies, according to new analysis by UK fintech Paysend.
Each year, migrant workers in the UK send £8bn back home. While the average global transaction fee is currently 7% of the money transferred, the fintech average is already well below 2%.
Combined, these savings mean migrant workers in the UK could send up to £520m more back home each year if they move money with lower cost fintech businesses.
An interview with Richard Morecroft, Co-Founder & CEO of JGOO.
As CEO of JGOO, Richard drives the strategic vision of the company. Richard served 11 years in the British army before racking up over 25 years of experience in leading innovation, growth and change in financial services.
Financial IT: Could you please tell us more about JGOO and your background?
Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payments, is celebrating a focus campaign on Corporate Social Responsibility with an extra charitable boost. In the UK, the group has unlocked a milestone of £2M with fintech charity partner Pennies in micro-donations made through Ingenico POS terminals in the UK.
Two topics dominated September’s UN General Assembly, at times provoking fiery debate.
World leaders gathered in New York amid simmering tensions in the Middle East. The recent attacks on key Saudi Arabian oil facilities prompted questions about how to secure the vital Oil & Gas supply chain and ensure the effectiveness of sanctions to counter everything from Iranian aggression to illegal Syrian exports and the enrichment of terrorist groups.
To further refine its online banking payment solutions and accelerate the build-out of global coverage, Trustly is pleased to announce the opening of two new tech hubs in Vitória, Brazil and Lisbon, Portugal.
In search of tech talent globally, Trustly will grow its engineering and product management teams outside of Sweden. The hub based in Vitória, Brazil was inherited following Trustly’s June merger with Silicon Valley-based PayWithMyBank, and the company plans to hire a significant number of additional engineers there in the coming year.
Equiniti Credit Services, the UK’s leading consumer credit technology and outsourced services provider, today announces it has partnered with FCA-authorised credit bureau and Account Information Service Provider (AISP), Credit Kudos.
CryptoCompare, the global leader in digital asset data, today announced the launch of its real-time order book product. Designed for professional and enterprise clients, the new product will enable them to create predictive analytics to monitor exchange trading in real-time and anticipate sudden changes across trading activity, asset pricing, cost of trading and liquidity.
An interview with Ben Cade, CEO, Trustonic
Tell us about Trustonic; what do you do?
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