Generation Duped: Younger Generations More Likely to Have Been Victims of Financial Fraud
- 1 year 4 months ago
- Personal Finance
Research from Moneyhub, the Open Banking data and payments platform, has revealed that younger generations are more likely to have been victims of financial fraud than older generations, who have traditionally been seen as the primary target. The research, which surveyed over 2000 people, brings into focus the extent and scale of the issue across the country and across the generations.
YouLend Data Shows UK SMEs Turn to Embedded Financing to Meet Capital Needs Ahead of Black Friday and Christmas
- 1 year 4 months ago
- Personal Finance
YouLend, the leading global embedded financing platform, reports today that a growing number of UK SMEs are turning to embedded financing to secure vital capital ahead of the most important sales period of the year—Black Friday and Christmas. YouLend data reveals a 30% surge in financing applications leading up to Black Friday in 2024, with ecommerce platforms being the main driver of this jump, illustrating the growing demand for flexible... more
As the Holiday Shopping Season Kicks Off, Charlie, Banking* for 62+ Americans, Launches CharlieSaver: The Most Comprehensive Source of Senior Discounts Nationwide
- 1 year 4 months ago
- Personal Finance
Just in time for the holiday shopping season, Charlie, banking* for 62+ Americans, launched
Millennials Most Likely to Fall Victim to Fraud as Consumers Set to Spend £28 Billion Over the Festive Period
- 1 year 4 months ago
- Personal Finance
Consumers and businesses are being warned to protect personal information amid a surge in identity theft during the Christmas period.
From Cash To Contactless: Understanding The Future Of Payment Habits Across The UK
- 1 year 5 months ago
- Personal Finance
New research from NatWest has revealed the continued fast pace of change in the payment behaviors of people across the UK.
Two-Thirds Of Brits Use Retail Credit To Pay For Christmas
- 1 year 5 months ago
- Personal Finance
Two-thirds of Brits have used or plan to use retail credit during the Christmas season. Moneyhub’s Christmas Retail Credit Report reveals that retail credit users spend an average of £1,012.55 over the holidays, with £759.71—nearly three-quarters—financed through retail credit. It also highlights how Open Banking can help lenders and retailers better serve customers and manage lending risks.
Cash Savings Grew By 6.2% Year-On-Year As Consumers Recalibrate Their Finances
- 1 year 5 months ago
- Personal Finance
The latest proprietary insight from Moneyhub, the market-leading data and payments platform, and their Financial Wellness Tracker reveals that consumer cash savings rose by 6.2% in the 12 months to October 2024.
Less Than A Third Of UK Adults Are Aware Of APP Scam Reimbursement Rules
- 1 year 5 months ago
- Personal Finance
Public awareness of new regulations that require UK banks to reimburse victims of payment scams remains critically low, weeks after their enforcement.
Young Adults Struggle With Financial Confidence and Understanding as Older Generations Lead the Way
- 1 year 5 months ago
- Personal Finance
New research from Pay.UK, owner and operator of the Current Account Switch Service, reveals a stark generational divide in financial confidence and knowledge across the UK.1 Younger generations, particularly Gen Z, reveal lower levels of financial competence, with only 26% able to correctly calculate compound interest and just 35% understanding how savings accounts work. In contrast, 47% of Baby Boomers were able to correctly calculate... more
GoHenry Urges Government to Make Financial Education Compulsory in All Schools at Parliamentary Reception
- 1 year 5 months ago
- Personal Finance
GoHenry, the prepaid debit card and financial education app for 6-18-year-olds, called on the Government to make financial education compulsory in all schools from primary age at its Parliamentary Reception last night.
Expats Face Rising Costs Across Europe, with London and Dublin Topping the List
- 1 year 5 months ago
- Personal Finance
As the digital nomad lifestyle continues to surge, bunq’s latest research highlights rising costs for expats across Europe. In its new study, bunq compared the costs for rent, groceries, public transport, utilities, and coworking spaces across all European capitals. With the number of digital nomads projected to reach 40 million globally by the end of 2024, the borderless workforce now faces higher living costs, averaging €1,586 per month – a 5... more
Marqeta Survey: Customer Loyalty Shifts as UK Consumers Embrace a New Era of Hyper-Personalized Credit Options
- 1 year 5 months ago
- Personal Finance
Consumers are increasingly seeking more personalised benefits from their credit card providers, such as rewards and loyalty points, according to a new survey published today by Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators.
Half Term Money Fears - Three in Ten Parents Admit This Is the Most Financially Unstable They’ve Ever Been
- 1 year 5 months ago
- Personal Finance
As schools break up for half term, three in ten (30%) parents with children aged under 18 admit that this is the most financially unstable they’ve ever been, according to research from responsible lender, Creditspring. A third (33%) of parents also say they’re terrified for their financial future with over a quarter (27%) responding that they are likely to start a side hustle or second job to make ends meet.
Almost 9 Million UK Adults Are Missing An Old Pension Pot
- 1 year 5 months ago
- Personal Finance
New analysis conducted by the Centre for Economics and Business Research, on behalf of PensionBee ahead of National Pension Tracing Day, reveals that nearly one in five (19%) UK adults feel certain they have lost or probably lost a pension pot, equating to approximately 8.8 million individuals.
Nearly One In Ten Have Accidentally Made A Payment To The Wrong Person
- 1 year 5 months ago
- Personal Finance
Current payment methods are still subject to human error and worries according to new research from Moneyhub, the market-leading data and payments platform. Moneyhub’s research revealed that close to one in 10 (9%) have accidentally transferred money to the wrong recipient. A further 8% said they have received money from someone they didn’t expect, or didn’t know, while 14% have been paid incorrectly by their employer in the past.
