Regulated firms that take on new business clients are leaving themselves exposed to serious red flags by not completing critical verification checks on the people running the business, new survey data has uncovered. More than half (59%) of the regulated firms questioned by SmartSearch said that they do not always carry out these essential checks, […]
A recent report from Statista has highlighted a burst in fintech growth across the Latin American (LATAM) region in recent years, where over 2,200 fintechs are approximated to offer services to customers. The report highlighted the region’s great appetite for seamless, accessible and transparent services, and how, thanks to thanks to high internet penetration, fintechs can cater to the […]
NatWest has announced a strategic minority investment in Icon Solutions, a leading fintech provider of payments technology and consultancy services. The investment follows the news last September that NatWest selected Icon Solutions Payments Framework (IPF) to accelerate the bank’s payments modernisation. Launched in 2020, IPF is a low code payment framework that empowers business payment […]
KPMG UK has formed a strategic alliance with Databricks, a leader in data and artificial intelligence. The alliance will help the firm’s clients get the most out of their data and AI and empower them to innovate at a faster pace. Generative AI could add an additional £31bn to the UK economy per year, according […]
HSBC UK has launched a new Carbon Insights tool in its award-winning mobile app, HSBC Kinetic, designed for small business owners. This new feature enables HSBC Kinetic customers to view the estimated C02e values for their HSBC Kinetic Debit Card transactions on a user friendly dashboard in their HSBC Kinetic app. Customers who opt-in to […]
Research from Multiverse finds that the majority of workers who currently use AI tools (52%) think that it does not save them time at work, or that it adds more time to their work than not using the technology. These much-hyped tools are proving to be a burden with workers on the ground. Using clunky […]
A significant ‘blind spot’ is leaving UK businesses exposed to cyber security threats, according to new research by UK top ten accountancy and advisory firm Azets, with just 1 in 5 businesses reporting having suffered a cyber security incident in the past 12 months. 74% of UK respondents to the Azets Barometer January 2024 survey […]
PayU GPO, the leading online payment service provider operating in over 50+ emerging markets, today becomes the first Payment Facilitator to offer Peruvian SMEs self-onboarding. Alongside self-onboarding, PayU GPO also launches a new suite of innovative payment solutions and integrations including Yape, Pago Effectivo QR and Shopify, to rapidly expand and diversify payment options for […]
In the first 6 weeks of 2024, Thredd, a leading modern payments processor serving clients globally, has seen an atypical early-year uptick in debit and prepaid payment transactions. Both in terms of month-over-month and year-over-year (YoY) growth, volumes have grown across several business verticals. Overall, organic transaction growth for January 2024 vs. the same period […]
Griffin, the API-first UK bank and full-stack Banking as a Service (BaaS) platform, has announced that it is accepting applications for its early access programme, Foundations. This comes after a successful pilot programme for its first set of customers. Foundations is designed for companies in the UK who want to offer financial products to their customers and build […]
