Birmingham Fintech Ecosystem on Track to Generate £1billion in Economic Output, Finds SuperTech
The Impact Report, commissioned by SuperTech, the UK’s tech supercluster founded in the West Midlands, also highlighted how Birmingham and the region’s fintech businesses have generated £474million in economic output, and are on track to achieve £1billion. Central to this economic boom are the region’s higher education institutions, crucial in not only developing skills and attracting global […]
Yoti Expands Digital ID Service With Lloyds Bank to Combat Identity Theft
Identity fraud has soared in the UK. In fact, the National Crime Agency has revealed over 3.7 million people were impacted by it in 2022. To combat this, Yoti, the digital identity tech company, has released a new Digital ID app with Lloyds Bank called Lloyds Bank Smart ID. Lloyds Bank has invested £10million into Yoti, […]
iplicit Highlights Need for Cloud-First Accounting Systems as Legacy Software Hurts Bottom Lines
As legacy accounting software continues to negatively impact businesses’ bottom lines, accounting software provider, iplicit, has revealed the top three challenges faced by UK finance decision makers. Looking into the perceived barriers to changing accounting software, as well as the future priorities of firms, iplicit surveyed 1,000 UK-based finance professionals who regularly use financial accounting […]
How the Right Payment Platform can Improve Customer Experience and Increase Revenue
As the global economy continues to cool, organisations are seeking ways to optimise revenue. Business leaders can facilitate top-line growth and cut costs with an often-overlooked strategy: improving the customer payment journey. Jeanette Mbungo, vice president of payments operations at payment solution provider CSG Forte, boasts over two decades of experience in the payments industry. […]
Zumo Sets ‘the Standard’ for Cryptoasset Firms Ahead of new FCA Financial Promotions Regime
In a rapidly evolving fintech landscape Zumo, a UK-based digital-asset-as-a-service platform, has become the first digital asset platform to have integrated tech-based requirements of the Financial Conduct Authority’s (FCA’s) new financial promotions regime for cryptoasset firms, which officially take effect beginning 8 October 2023. A financial promotions technical flow design by Zumo, that was deemed […]
Alipay+ Launches in Saudi Arabia to Better Connect Local Businesses to Asian Tourists
Saudi Tourism Authority and Ant Group have signed a Memorandum of Understanding (MoU), which will see the introduction of Alipay+, a suite of unified global mobile payment and marketing solutions, to Saudi Arabia. The move hopes to provide a seamless mobile payment experience for Asian tourists in the Kingdom of Saudi Arabia and beyond and […]
Another Crypto Offering Bites the Dust: Industry Response to Chase UK Crypto Ban
Two years ago, JPMorgan launched its Chase retail bank mobile app in Britain, amassing over 1.6 million customers during this time. However, on 26 September 2023, Chase UK made the decision to ban cryptocurrency purchases due to a fear of fraud. We reached out to the industry to find out how detrimental this will be […]
Banks Must ‘Collaborate with Fintechs’ as Customer Calls for Personalisation Increase: Says Temenos
Banks must harness disruptive technologies and create their own or actively participate in digital ecosystems to remain at the heart of the banking universe, according to a global ‘Economist Impact’ study, commissioned by banking software firm Temenos, which surveyed 300 banks across the globe. The new report, ‘Byte-sized banking: Can banks create a true ecosystem […]
Visa and M2P Fintech Make it Easier to Issue Payment Products to ‘Resolve Fintech’s Pain Points’
Global digital payments leader Visa has joined forces with M2P Fintech, Asia’s largest API infrastructure company, to help fintechs and non-banking entities issue payment products seamlessly through the ‘Visa Ready to Launch’ (VRTL) programme. Traditionally, launching new card programmes can be a difficult task for fintechs and non-banking entities. A wide range of technological, operational, […]
90% of Consumers Believe Their Financial Provider Could do More to Protect Them From Fraud, Says SAS
Nearly two-thirds of UK consumers will switch providers if they don’t feel protected against fraud, according to a new consumer fraud study from AI and analytics firm SAS. After surveying 13,500 global consumers, SAS found that almost 90 per cent of respondents believe that organisations should do more to protect them from fraud. In its […]
