Nearly a Third of UK Consumers Admit to Being “Retirement Overspenders” Due to Rising Cost of Living – PensionBee Research

A fifth of Brits (20%) over the age of 55 have consistently spent more than they’d expected to during their retirements so far, with an additional 11% expressing that this occurred early on in their retirement, according to new analysis by PensionBee. Daily living expenses… Read More

Mastercard Selects India for Global Launch of Payment Passkey Service

During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard (NYSE: MA)  announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Debuting first in India as a pilot with some of the nation’s… Read More

Ant International Joins Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox

Ant International announced its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, focusing on “Liquidity Management”, one of its four main themes. Launched in March this year, Project Ensemble is the HKMA’s wholesale central bank digital currency (wCBDC) project aimed “at fostering… Read More

Fintech TS Imagine Unveils Platform 3.0, Marking Key Development for Capital Markets Technology

TS Imagine, the global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, is pleased to announce the global availability of Platform 3.0, encompassing the culmination of three years of strategic research, development and investment. This thorough modernization of TS Imagine products… Read More

Fintech Pine Labs Announces Strategic Organizational Restructuring

Industry veteran and Pine Labs’ Chief Transformation Officer Sumit Chopra transitions to a new role of COO – Pine Labs, Digital Payments. In this new role, Sumit will lead the digital payments business “for the company and will spearhead sales, customer experience, and operational excellence.”… Read More

Ant International Teams Up with Dock to Boost Financial Inclusion in Brazil

Ant International has launched a strategic initiative to enhance financial inclusion in Brazil by partnering with Latin American payments and banking tech firm Dock. The partnership seeks to deliver AI-driven credit technology solutions to improve credit management and infrastructure efficiency for various clients, including financial… Read More

Fintech iwoca Research: Economic Concerns Among UK SMEs Hit Record Low with Recession Fears Down Significantly

Three in four (73%) SME finance brokers feel optimistic about the future of small businesses, according to SME lender iwoca’s latest Q2 2024 SME Expert Index. The survey of SME brokers reveals “a tentatively bullish outlook for the UK’s 5.5m SMEs, as optimism among brokers… Read More

Alchemy Pay and Unlimit to Enable Global Crypto Onboarding

Alchemy Pay, the fiat-crypto payment gateway, announced a partnership with Unlimit, a leading global fintech company. This collaboration integrates Unlimit’s robust payment rails, “significantly enhancing Alchemy Pay’s On-ramp service offerings for local and global users, offering seamless access to Visa and Mastercard credit card payments,… Read More

ACI Worldwide and Mexipay to Enhance Instant Payments Adoption in Mexico

ACI Worldwide, an original innovator in global payments technology, and Mexipay, a leading Mexican financial technology company, have announced the extension of their partnership to enhance Mexico’s real-time payments ecosystem, “with the aim of driving instant payments adoption and boosting economic growth and financial inclusion… Read More

UK VC Funding Hits $9B During Jan-July, Boosted by Major Investments – Report

UK-based startups raised $9 billion funding through 704 venture capital (VC) deals announced during January-July 2024, which is a 7.9% year-on-year (YoY) increase in funding value despite a 14.3% decline in deal volume. This reflects an improving appetite for big-ticket investments in promising startups, positioning… Read More

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