GoHenry Urges Government to Prioritise Financial Education from Primary Age at Education Select Committee Inquiry
- 2 years 1 month ago
- Personal Finance, Consultancy
As GoHenry continues its push for financial education to be made compulsory in all primary schools, CEO and co-founder, Louise Hill, gave oral evidence to the Education Select Committee’s inquiry into strengthening financial education in England this morning.
Ecospend’s Pay-by-Bank Solution Live on Mobile, and to be Rolled Out to Hargreaves Lansdown’s ISA
- 2 years 1 month ago
- Personal Finance, Payments
Hargreaves Lansdown (HL), the UK’s leading provider of savings and investment services, announced today that Ecospend’s Pay-by-Bank solution is now available for HL’s ISA, and general investment accounts following its initial launch in May 2023 to its Active Savings clients where it processed over £850 million. The adoption rate is expected to reach well over 30%.
IeDigital Acquires AI Fintech Software House Abaka
- 2 years 1 month ago
- Artificial Intelligence, Personal Finance
ieDigital has today announced the acquisition of ABAKA, the AI - recommendation engine platform that uses machine learning and behavioral segmentation software to predict which products – such as banking products, savings accounts, or retirement solutions – are the most
Almost Three in Ten (29%) UK Consumers who Missed a Payment or Went Into Their Overdraft Have Done so Despite Having Funds in Another Account
- 2 years 1 month ago
- Personal Finance
UK consumers are missing important payments due to the antiquated payment solutions on offer to them, potentially damaging their long-term financial well-being, and limiting their choices when it comes to credit. According to new research by Moneyhub’s Payments Division, three in ten (33%) UK consumers say they have missed a payment in the past year with 8.3% missing payments each month.
Plum Launches Spend Tracker for Smarter Budgeting
- 2 years 1 month ago
- Personal Finance
Plum, the smart money app, has added a new Spend Tracker to help customers with their budgeting plans. The Spend Tracker automatically categorizes all outgoings and shows them as a percentage of overall spending. By breaking their spending down, customers can see at a glance where their money is going each month and easily compare it with the previous month’s spending, to identify quickly where savings can be made.
Almost 3M Londoners Reliant on Savings to Pay Essential Costs as Household Finances Reach Breaking Point
- 2 years 2 months ago
- Personal Finance
Londoners are the most reliant on their savings with almost 3m people forced to dip into savings pots to afford essential everyday costs, according to new research from AI-powered transaction analytics firm, Fuse.
Proactive Brits Set Financial Goals for New Year’s Resolutions in 2024
- 2 years 2 months ago
- Personal Finance
As the new year unfolds, Loqbox, a UK-based financial wellbeing business, reveals compelling insights from a survey of over 2,300 of its members, indicating a commitment to financial health among Britons in 2024.
Card Spending Grew Just 4.1 Percent in 2023 as Barclays Reveals the Top 10 Consumer Trends of 2023
- 2 years 2 months ago
- Personal Finance, Payments
Consumer card spending increased just 4.1 percent year-on-year in 2023 – noticeably lower than the growth seen in 2022 (10.6 per cent) – as Brits cut back on new clothes, eating out and home improvements amid rising inflation and household bills. However, consumers continued to prioritize moments of joy and shared experiences, boosting travel, entertainment, and pubs & bars.
Young People Turning to Buy Now, Pay Later to Bankroll Christmas
- 2 years 2 months ago
- Lending, Personal Finance
Rising costs forced young people to use buy now, pay later (BNPL) to afford Christmas this year as a quarter (23%) of young people admitted they were planning on buying their Christmas dinner this year using BNPL, according to new research from responsible lender, Creditspring.
Travel Debit Card Currensea Saves Travellers Over £3M in Exchange Fees
- 2 years 2 months ago
- Personal Finance, Payments
The UK’s first travel debit card Currensea, has saved travellers over £3 million in foreign exchange (FX) fees since its launch in 2020. The Currensea card saves at least 85% on every overseas transaction by cutting out the normal fees leveraged by banks.
Pension Illiteracy Impact: 1 in 6 Brits Say They Don’t Know How Much Is Going Into Their Pension
- 2 years 2 months ago
- Personal Finance
A simple lack of understanding of pensions – what they are and how they work - could be preventing workers from saving for their retirement, according to research from Moneyhub, the award-winning data and payments platform built on Open Banking and Open Finance principles.
Nearly Half of UK Consumers Plan to Spend More Online in the Next 6-12 Months
- 2 years 3 months ago
- Personal Finance
Mollie, today unveiled the UK findings from its latest European E-commerce Report. The report highlights how spending and payment behavior has shifted in light of growing inflation and the cost of living crisis. Despite economic challenges, nearly half of consumers believe the economic situation will improve in the short term and expect to spend more in the next year.
UK Consumers Divided on Use of Generative AI in Banking – But 62% Believe Regulation Would Increase Trust, Reveals New Research by FIS
- 2 years 3 months ago
- Artificial Intelligence, Personal Finance
FIS®, a global leader in financial services technology, has conducted new consumer research into the extent to which people understand and trust generative artificial intelligence (GenAI), as well as their attitudes towards the emerging technology’s role in personal finance and banking.
Ho-ho-holiday Spending Defies Cost-of-living Crisis as 69% of Consumers Plan to Increase or Maintain Festive Purchasing
- 2 years 3 months ago
- Personal Finance
New research from leading international payment service provider and UK and Europe direct bank card acquirer, Ecommpay, reveals that 80% of consumers changed their spending habits this year due to the cost-of-living crisis. However, over two-thirds still plan on increasing or maintaining their online spending for the festive season (69%). A challenging year hasn’t dampened festive spirits
The Next Savings Revolution – Britain’s Savvy Savers Continue to Go Green
- 2 years 3 months ago
- Personal Finance
Tandem, the UK’s greener digital bank, is seeing a significant rise in those customers opting for socially responsible providers, with the fintech more than doubling its deposits and customer numbers for the second consecutive year, passing through £3bn – a significant milestone for fintechs. Savings pots live
