Brand Trust is “Seriously Damaged” Following a False Decline: 42% of Consumers Won’t Return
A whitepaper by Checkout.com, the global payments provider, has highlighted a correlation between payment acceptance rates, customer satisfaction and loyalty. The report finds poor payment performance to be a key factor in ensuring customers return, as nearly half (42 per cent) state a failed payment would lose the company their business. The Checkout.com whitepaper, titled […]
A Cyber Attack’s Emotional Toll Is More Impactful Than Financial Loss Reveals KnowBe4
KnowBe4, the security awareness firm has published its latest ‘2023 Online Scams and Victims in Africa Report’ identifying the most prominent cyber attacks across eight countries in Africa. Forty per cent of respondents admitted to falling for a scam of some kind, with over 50 per cent of these victims feeling a significant or very […]
Can Saudi Arabia Build an Internationally Competitive Fintech Hub by 2030?
The Kingdom of Saudi Arabia currently boasts the fastest-growing economy of all G20 countries. With such strong results and clear ambitious goals set for the Kingdom, it is yet to be seen just how much growth it can enjoy. Can the country overcome barriers to eventually become an internationally competitive financial hub? The driving force […]
Monzo Completes Next Step to All in One Financial App With Investments Launch
Monzo, the UK digital bank, has launched a product designed to banish the barriers to investing. Aptly named Investments, makes investing simple, affordable and accessible directly through its app. It comes as new research conducted by YouGov shows that nearly 70 per cent of the nation does not know where find an accessible and straightforward […]
UK Fintech News Roundup: The Latest Stories 13/09
Every Wednesday, we delve into the latest fintech updates from across the UK. This week brings updates from Trust Payments, Moneyhub, CreditSpring, Payit by NatWest and Autarky Sukuk. Trust Payments strengthens DE&I commitments UK-based fintech Trust Payments has been busy reinforcing its dedication to diversity, equity, and inclusion (DE&I) in the UK fintech sector by […]
DIGISEQ Integrates ekko Infrastructure to Enable Carbon Tracking When Using the Wearable Device
DIGISEQ, the wearable payments tech pioneer, has partnered with ekko, the global embedded sustainability fintech. This brings ekko’s carbon tracking, offsetting and positive planet impact platform to consumers using DIGISEQ-enabled devices. Via a quick access dashboard, customers using the DIGISEQ wearable device will be able to monitor their carbon footprint under the new partnership. The […]
Inclusive Innovation: Fostering a New Era of Financial Services in MENA
The digital landscape in the Middle East and North Africa (MENA) region is undergoing a significant transformation. With 85 per cent of people in MENA having used at least one alternative payment method in the past year according to Mastercard, digital payments in the region are projected to grow from $204billion in 2023 to $343billion […]
90% of FTSE 100 Companies now Only Work With Suppliers That Share ESG Credentials; Reveals OneStream
OneStream, a financial and ESG planning software provider, has revealed that 90 per cent of FTSE 100 companies will now only work with suppliers that share their Environmental, Social and Governance (ESG) credentials. The data comes after OneStream analysed the 2022 Annual Reports of all the FTSE 100 companies to identify those that have established […]
UAE Central Bank Supports COP28 Initiative to Address Green and Sustainable Finance Challenges
The Central Bank of the UAE (CBUAE) has collaborated with the Bank for International Settlements (BIS), the Emirates Institute of Finance (EIF) and the COP28 Presidency to launch a new global initiative to help scale sustainable finance and combat climate change. The initiative, COP28 UAE TechSprint, will aim to encourage financial innovators and developers from […]
Banks Able to Test FedNow Readiness as Icon Solutions Launches Icon Payments Framework
Since its launch on 20 July 2023, the FedNow instant payment service developed by the Federal Reserve has seen over 50 financial institutions participate in the scheme. The latest to develop and launch a pack on the scheme is Icon Solutions with its Icon Payments Framework (IPF). The FedNow Service enables banks to provide innovative […]
