2021 Christmas spending fuels ever-growing BNPL debt bubble for consumers
After it was revealed UK consumers racked up £3.3bn in buy now, pay later (BNPL) debts over Christmas 2021, a study by Credit Karna has found a growing debt bubble amongst customers.
MoneyLion to acquire embedded finance marketplace Even in $440m deal
Digital financial platform MoneyLion has entered into an agreement to purchase Even for $440m.
Does reconciliation pose a big threat to asset and wealth managers?
A study conducted by AutoRek and Worldwide Business Research has found up to 60% of asset and wealth managers view reconciliations as the biggest challenge to their company.
Why flexibility is imperative when developing digital financial services
A recent blogpost by WealthTech firm Kidbrooke has examined the key technological factors that ensure the flexibility of digital financial services.
The FinTech gender gap: how clear gender disparities in the industry still remain
A study by Findexable and has found that only 1.5% of over a 1000 FinTech companies are founded solely by women and receive just 1% of total venture funding.
UK to force financial institutions to publish net zero transition plans
UK Chancellor of the Exchequer Rishi Sunak has revealed that the UK will force financial institutions to publish its plans on how they will transition to net zero.
Saudi FinTech sector records $347m in new investment over last 12 months
A recent report by FinTech Saudi has found how Saudi Arabia’s FinTech market has seen a 37% hike in new companies with investment exceeding SAR$1.3bn ($347m).
Biggest ever equity crowdfund on Crowdcube sees FinTech Chip bag £11.5m
Digital savings account Chip has raised £11.5m in what is to date the biggest equity crowdfund held on investment crowdfunding platform Crowdcube.
Plum plucks $14m from Series A raise
UK FinTech startup Plum FinTech has brought in $14m from a Series A funding round headed by Ventura Capital and DMG Ventures.
How is the sustainability revolution changing the banking sector?
A recent blogpost by financial industry association Mobey Forum has examined how the movement to make finance more sustainable has changed the banking industry.
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