Brits are suffering from the scourge of ‘Lazy Money’, according to new research by Wise, the international money account.

A Censuswide poll of 2,000 UK adults nationwide found that only 39% of us are happy with the return our money is making. This is unsurprising, given so much money is being allowed to rest: 30% of us hold the majority of our savings in current accounts that pay little-to-no return. 

Bybit, the world's third-larges

Mollie, one of the fastest-growing financial service providers in Europe, has revealed that merchants saw a 7.3% increase in sales during Black Friday week 2023 with larger basket values (+8.7%) when compared to last year. Increased spend was driven by the average number of items per order increasing +14% YoY. Black Friday itself was the busiest day of the week with a 2% increase in share of the total week’s sales versus last year.

Finastra’s annual global survey reveals that, despite economic constraints, financial institutions globally continue to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance. 

The first GCC Finance Summit opens tomorrow, Monday 28 November, at Le Méridien Dubai Hotel & Conference Centre, Dubai. Under the theme 'Enabling for Future: Technology & Sustainability'. This landmark event convenes finance professionals, investors, board members, and regulators to explore the dynamic intersection of technology and sustainability shaping the financial landscape.

Collctiv will leverage Ryft's expertise to facilitate the creation of their money pots for users, simplifying the money collection process for organisers of group gifts and activities. The new arrangement provides a multitude of additional benefits for Collctiv, such as reduced fees and increased payment flexibility.

UK Finance and global management consultancy Oliver Wyman today released their report on the use of AI in financial services (FS), and the future opportunities and risks for the sector. It includes a snapshot survey of 23 companies ranging from international to mid-size banks and non-banking FS firms.

iDenfy, a Lithuania-based RegTech company offering identity verification and fraud prevention tools, announced a new partnership with ByNoGame, a Turkey-based online marketplace business, providing its customers with a fast and secure way to sell and buy gaming products. iDenfy’s ID verification solution will ensure that all platform users have access to a safe marketplace by eliminating fraud in real-time through a quick onboarding process.

DXC Technology, a leading Fortune 500 global technology services provider, will support Polish Payment Standard (PSP) in the expansion of its mobile payment system, BLIK, into Romania and Slovakia.

Volante Technologies, the global leader in cloud payments modernization, today announced the general availability of the latest version of the Volante Experience™.