Consumers Missing Payments in Summer 2023 Was 20% Higher Than in 2022 Reveals FICO
The average credit card balance has once again increased in July (£1,710) and August (£1,729), reflecting the upward trend seen in the last two years reveals FICO, the analytics company, in its latest report. The FICO UK Credit Card Market Report for July/August 2023 paints a picture of erratic consumer financial management which could challenge how […]
51% of Financial Services Firms Reporting Breaches are From US: Trustwave Threat Landscape Report
Cybersecurity and managed security services provider, Trustwave, has revealed the biggest cyber threats facing financial services organisations after its latest research. The Trustwave report, ‘2023 Financial Services Sector Threat Landscape: Trustwave Threat Intelligence Briefing and Mitigation Strategies‘, explores the specific threats and risks the financial services industry faces, along with practical insights and mitigations to […]
Approov Reveals Lack of End-to-End Security in Popular Banking Apps in Africa
Around 95 per cent of the most popular African banking and financial services apps contain easy-to-extract secrets, which could be used in scripts and bots to attack application programming interfaces (APIs) and steal data, devastating consumers and the institutions they trust; according to a new report from Approov, the end-to-end mobile security provider. The Approov […]
Mastercard Solution to Tokenise CBDCs on Different Blockchains Demonstrated in Australia
As Australia works on developing its central bank digital currency (CBDC), fintechs are exploring the use cases of the digital currency. The latest to do so is Mastercard as it partners with Cuscal and Mintable, the Australian paytech provider and NFT-as-a-Service provider, to tokenise CBDCs on different blockchains. The Mastercard solution includes controls that ensure […]
Galileo Expands Mastercard Partnership with Installments to Improve SMB Purchasing and Cash Flow
Banks and fintechs working with Galileo, the fintech behind Galileo Buy Now Pay Later, can make secure and seamless instalment purchases using Mastercard Installments. The partnership with the payment provider gives Galileo customers more flexibility to make larger purchases and manage their cash flow. Available financing options for SMBs are complicated, application processes are slow […]
Behind the Idea: Shieldpay
Complex financial transactions are an integral part of the legal and professional services industries. However, these transactions often present significant challenges, from security and transparency to efficiency and speed. Shieldpay, led by CEO and founder Pete Janes, is a payment processor designed to address the unique challenges of complex transactions within the legal and professional […]
Kushki Becomes First Next-Gen Payment Acquirer in LatAm, Giving PSPs ‘More Control’
Kushki, a unicorn payments technology company connecting Latin America through payments, has become the first next-generation merchant acquirer in the region; following primary membership with Visa and Mastercard in Mexico, Chile, Peru and Colombia. The Kushki partnership with Visa and Mastercard is delivered through a standardised modern proprietary processing platform, making it one of the […]
Women in Fintech: The Importance of Mentorship with Worldline, TreviPay and more!
This October at The Fintech Times is all about shining a spotlight on the incredible women working in the fintech industry, sharing their greatest achievements, their biggest challenges and how they can make a difference through mentorship and collaboration. Though progress has been made to reduce the gender gap in fintech, the industry still has […]
This Week in Fintech: TFT Bi-Weekly News Roundup 12/10
The Fintech Times Bi-Weekly News Roundup on Thursday 12 October 2023. Funding and investments Untangled Finance, the London-based fintech, has raised $13.5million in multi-year strategic funding to accelerate its mission to bring institutional-grade credit with a built-in liquidation mechanism on-chain. Fasanara Capital, the fintech investment platform, is the lead investor in the round. Proceeds from […]
infinant: Innovation in the Last Mile Is Coming to Banking
Banks have three growth options. They can acquire another bank, create digital apps or virtual services, or expand their delivery channels. While focusing on the first two choices is a possibility but narrowing their efforts on delivery channels, banks are able to compete and collaborate with the newcomers on the block: fintechs. Historically, banks have […]
