Managers of Wealth Fintech

Half of all Payments Now Made Using Debit Cards

UK Finance today releases its latest Payment Markets Report which shows payments trends across 2022 and forecasts to 2032.

Buy now, pay later booms for pensioners

The UK’s older generation, not just the young, are also turning to BNPL in record numbers

European BaaS and embedded finance fintech Swan raises €37m Series B

Swan will be using the cash to fuel its expansion across Europe.

Episode Six Launches Business Now, Pay Later to Help Banks Meet SMEs’ Needs

Business Now, Pay Later is built on E6’s flexible, cloud-native TRITIUM platform, which allows banks to launch the solution without disrupting their existing infrastructures.

Debit and Credit Cards Remain King as UK Finance Reveals UK Payment Preferences

As a result, businesses accounted for 82 per cent of the total value of payments made.

ClearBank boasts 144% revenue growth in H1 2023

Reporting an 80% increase in customer deposits, a 39% increase in payment volumes and £5.9m in profit sets the clearing bank up to achieve full year profitability in 2023.

Half of UK payments made using debit cards in 2022 – UK Finance

The use of remote banking by businesses contributed to a growth of remote payments made through the Faster Payments Service, which saw a 17% increase to 4.3 billion payments.

Alliances that keep BBVA at the forefront of technology

BBVA and Telefónica also use this relationship model to optimize BBVA's communications, boost the capacity of the technology network and support cloud operations.

Episode Six Launches Business Now, Pay Later™ Enabling Financial Institutions to Offer B2B Installments to Small and Medium-sized Enterprises

It’s clear there is an increased demand from SMEs for more flexible working capital solutions, and the economic headwinds that have led to rising rates are only strengthening the need.

Splitit enables AliExpress’ shoppers to ‘Pay After Delivery’ in the US

Splitit’s installment service is now also being offered in addition to Pay After Delivery in Spain and Germany.

Truist to cut hundreds of jobs and rein in technology spend

The bank, which is expected to post a seven percent increase in expenses this year, aims to bring down expense growth to just one percent for 2024.

Natwest debuts payment links for open banking payments

The new functionality is also deemed useful for time-consuming admin such as issuing non-card refunds, returning deposits, and sending one-off payments.

Fintech Paysafe, Eightcap to Provide Embedded Wallet Solution

This innovative solution allows partners “to offer a white-label, plug-and-play trading and payment wallet for their retail traders, making it easier and more convenient for them to engage in trading activities from every corner of the globe.”

CFPB takes aim at Apple over NFC chip access

Last year, the EC charged Apple with restricting access to the NFC chip technology in a move that could eventually lead to fines worth billions of euros.

Funding Circle says UK business profitable despite lending dip

Funding Circle's lending to UK SMEs is down but demand for its new Flexipay product is soaring.

Pleo taps Banking Circle's UK FPS membership

Through its partnership with Banking Circle, Pleo is enhancing its service with real-time direct clearing and settlement for GBP.

Signal: Zopa raises another £75m

Total capital raised by UK digital challenger, Zopa Bank, reaches £530m with £150m raised in 2023

WorldFirst records 50% increase in transactions during 2023

With the explosive growth of e-commerce, SMEs have increasingly turned to platforms like 1688 for diverse sourcing options.

UK to test Regulated Liability Network concept for retail payments

While the UK Discovery Phase explored the delivery of a RLN for wholesale paymnts, the PoC will track the retail consumer market.

Aussie fintech Upstreet shuts up shop

Upsteet also offered a programme for companies to provide their employees with fractional shares.

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