UK fraud attack volumes nearly doubled in 2022 as the scam-demic continues, according to the latest online fraud analysis published by LexisNexis Risk Solutions. Around 36 million human-initiated fraud attacks were confirmed in the UK last year, a rise of 92% from the previous year. Globally the rate of growth was slower, at 56%. The […]
The UK’s fintech sector faces an uncertain future, with almost half of firms flagging the potential risk of failure by the end of 2023, according to new research commissioned by specialist business advisory firm FRP. In a poll of more than 250 UK fintechs, FRP found that 48% of businesses in the sector weren’t confident […]
The flow of dirty money into challenger banks is increasing, with almost half (47%) reporting a rise in the number of Suspicious Activity Reports (SARs) they have submitted over the past six months, new data shows. The “concerning” figures are revealed in a comprehensive new survey of compliance decision-makers in high-street and challenger banks, crypto […]
UK FinTech funding has dipped in the first half of 2023, as total cash raised by UK fintech firms reached $2.9bn in the first six months, showing a 37% decrease compared to the later half of last year, according to new figures from industry body Innovate Finance. Investment has also appeared to have declined alongside […]
Checkout finance provider, Divido, has announced the upgrade of its UK direct-to-merchant platform to now give merchants easy access to retail finance across Europe. With ‘Divido Connect’ merchants can now uniquely offer retail finance from a network of reputable lenders across the UK and Europe. Previously available in the UK, and now in France, Belgium, […]
Exclusive data from Kin + Carta, the global transformation consultancy, has revealed that the overwhelming majority of financial services leaders believe AI has an intrinsic role in the sector. At the recent FWD23 summit hosted by the consultancy, whose clients include Santander, 80 senior leaders from the UK’s largest financial services brands were asked: “What […]
London-based Weavr has announced the launch of Embedded Finance Cloud. The new solution will allow banks and other financial institutions to create and distribute embeddable financial products. Weavr believes that to do this efficiently and safely, this new type of orchestration platform is required. The continued momentum of embedded finance has been a major fintech […]
Every year over £20bn is paid via online platforms to the army of freelance workers working for a range of businesses across the UK and, all too often paid very late. Helping these workers and companies get this right since 2019, French fintech Aria is today launching in the UK to be the default deferred […]
The UK economy could secure a £31bn boost from the widespread adoption of generative Aim according to new research from KPMG. The UK’s struggling economy could benefit from a much-needed £31bn boost from the widespread adoption of generative AI, says the report. According to the ‘Big Four’ firm, generative AI is set to increase UK […]
Bankable, a pioneer in the Banking-as-a-service industry, today announced the acquisition of Arex Markets, giving the combined company the ability to embed credit and working capital into the payment flows of established neobanks, multinational brands and fintech platforms. Arex Markets’ proprietary technology enables investors to finance a variety of commercial papers to seamlessly speed up […]
