Bloomberg Enriches Financial Education for 10,000 Students Through Global Trading Challenge
- 11 months 3 weeks ago
- Personal Finance
The Global Trading Challenge, Bloomberg's annual Terminal-based event for students, amassed a total of 10,240 student participants across 46 countries for its 2024 virtual investment competition. Students in the challenge invest 1 million virtual US dollars in a universe of more than ten thousand global stocks, using the Bloomberg Terminal to define market assumptions, develop a return-generating strategy, and execute notional trades with the... more
Generational Pension Gap Set to Widen as Lost Pots Epidemic Grows
- 11 months 3 weeks ago
- Personal Finance
Less than a fifth (17%) of young people aged 18-34 know exactly where all their pension pots are, reveals research from pension-finding platform, Raindrop. A fifth (19%) of 18-34 year-olds also admit that they have no idea how much they have saved for retirement – almost double the figure for older people aged over 55 (10%).
Paymentology and Sticitt Join Forces, Cultivating Optimism in Future Generations Through Healthy Financial Habits
- 11 months 3 weeks ago
- Personal Finance
Paymentology, the leading global issuer processor, today announces its strategic partnership with South African fintech startup Sticitt. Sticitt is on a mission to help raise a generation of South African children with healthy financial habits from Schools with a strong financial foundation. This collaboration aims to revolutionise how schools handle finances and how children establish healthy money habits from a young age.
Visa Foundation Fuels 500 UK Women-Led Businesses With New Support Programme And Funding
- 11 months 3 weeks ago
- Personal Finance
Today, Visa Foundation is announcing the launch of a three-year initiative to support and empower women-led small businesses (SMBs) through a comprehensive training, community building and micro-grant programme. In partnership with INCO, a leading social enterprise company, the programme aims to deliver impactful financial and business support to 500 UK based female founders to address the gender financing gap facing women entrepreneurs in the... more
CFPB Updates List of Consumer Reporting Companies
- 12 months 4 hours ago
- Personal Finance
Today, the Consumer Financial Protection Bureau (CFPB) released its annual list of consumer reporting companies. The list identifies dozens of specialty reporting companies that collect and sell access to people’s data, including individuals’ finances, employment, check writing histories, or rental history records. People can use the list to, among other things, request their consumer reporting data, dispute inaccuracies, and block access to... more
6.5M People Forced to Take Out New Credit Cards to Afford Everyday Essentials in January
- 12 months 11 hours ago
- Personal Finance
6.5 million people in the UK planned to take out a credit card this January to help them afford everyday essentials such as bills and food, reveals research from responsible lender, Creditspring.
Fizz Report Highlights Gen Z Struggles to Balance Work, Gigs, and Financial Independence
- 1 year 1 day ago
- Personal Finance
Fizz, the leading money app for students, today released a report examining how college students earn income and manage financial responsibilities. The findings reveal not only the growing role of traditional employment and gig economy platforms in students' lives but also the pressing need for financial literacy and tools to help young adults build and maintain credit.
Saving for a Sunny Day: UK Adults Save Far More for the Things They Want Than the Things They Need
- 1 year 3 days ago
- Personal Finance
Over one-third of UK Adults say they have £25,000 or more in cash savings, according to new research from Starling Bank, and it seems that putting money aside for life goals is the key to building up a savings pile. 36% of UK adults have built up cash savings of at least £25,000, with 17% having £50,000 or more. And it’s not just an older generation sitting on a cash pile - almost 31% of 18-24 year olds are in the £25,000 + club.
Moneyhub Launches New Savings Goals API ‘Recipe,’ Unlocking the Ability to Effortlessly Save for Life's Significant Moments
- 1 year 1 week ago
- Personal Finance
Moneyhub has launched a new API Recipe designed to help customers visualise and achieve their savings goals. The Savings Goals Recipe harnesses the power of Open Banking APIs to enable savings providers to give customers a leg-up in their journey to improve their financial situation.
Post-Holiday Returns, Chargebacks Could Undermine Record-Breaking 2024 Shopping Season
- 1 year 2 weeks ago
- Personal Finance
The 2024 holiday shopping season shattered records, with consumers spending $1.2 trillion online globally and $282 billion in the United States, according to a Salesforce report released Monday.
Over 9M People in the U.K. Expecting Christmas to Put Them into Debt This Year
- 1 year 1 month ago
- Personal Finance
Over nine million people across the UK are expecting to end up in debt due to the high cost of Christmas this year, according to research from responsible lender, Creditspring. The findings reveal that young people will be the worst hit – a quarter (25%) of those aged 18-34 say Christmas will put them into debt compared to 17% of the whole UK population.
U.K. Retail Spending Rises 2.3%, Visa Data Shows
- 1 year 1 month ago
- Personal Finance
Visa, a global leader in digital payments, today announced its first Retail Spend Monitor, from Visa Consulting & Analytics (VCA), which analyses holiday season retail spend for the 7-week period starting on November 1, 2024, across the U.K. The findings show overall holiday spend in the U.K. increased 2.3% year over year, in nominal terms.
Consumer Optimism Slips As Generational Divides Persist
- 1 year 1 month ago
- Personal Finance
Consumer optimism about household finances has fallen, according to data from TransUnion, a global information and insights company, released as part of its Q4 20
Checkout.com Shares Black Friday Cyber Monday Weekend Spending Insights
- 1 year 1 month ago
- Personal Finance
The latest transaction data from leading global digital payments company Checkout.com has found UK consumer spending during the Black Friday and Cyber Monday (BFCM) weekend surged during working hours. On Friday 29th November, spending peaked between 9am and 10am, and on Monday 2nd December, sales saw a spike at 10am.
