Global analytics software provider FICO today released its analysis of UK card trends for September 2020, which shows the continuing impact of COVID-19 on household finances even while furlough and payment holidays remained in place during the month.

The Global Legal Entity Identifier Foundation (GLEIF) announces that J.P. Morgan has become the first Validation Agent in the Global LEI System.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today revealed the cutting-edge technologies rolled out in support of the 2020 11.11 Global Shopping Festival.

Twenty7Tec, a leading mortgage technology platform, has released figures on the state of the mortgage market after the second week of national lockdown 2.0.

The findings

Mortgage searches

Weekly mortgage search volumes are currently at 87.33% of the year’s highest figure, down 0.5% on the week before

The FCA announced on the 18^th November 2020, that passporting of certain payment services for UK licenced institutions to European Economic Area (EEA) states will expire at the end the transition period on 31 December 2020.

Leading UK anti-money laundering (AML) firm SmartSearch has bolstered its global growth ambitions with the appointment of an international development director, to oversee its expansion into US and European markets.

Martin Turvey has stepped into the role which has been created as part of SmartSearch’s ongoing business growth strategy, reflecting the global demand for the market-leading AML solution.

Digitalization has reached the insurance industry later than in other sectors. The pressure is coming particularly from the customers themselves: They expect a consistently digital insurance experience - a trend heavily fueled by the coronavirus crisis.

Insurance by smartphone - customers today in particular want digital solutions. One third of Brits want to take out insurance completely digitally because of the COVID-19 outbreak. The rising interest in digital insurance is independent of age or gender.

The Quppy digital financial solution is launching its first referral program. The Quppy current and new users are now provided with their unique referral links to share among their communities.

The Quppy referral program works on a volume basis. Both the referrer and the referee are awarded with 15 euros right after the referee transaction volume reaches 600 euro. Every Quppy user has an unlimited number of referral initiatives.

Barclaycard Payments, which processes £1 in every £3 spent in the UK, has so far this month seen a 29 per cent jump in the value of the online transactions compared to November 2019. However, overall transactions remain 7 per cent below where they were in November last year, likely due to the drop in in-store sales, with many retail outlets currently unable to open.