Tag: cost-of-living crisis

Cheddar, a pioneering FinTech company known for its innovative rewards applications, has unveiled its latest product aimed at alleviating the financial pressures of the cost of living crisis for consumers in the UK.

Amidst an escalating cost-of-living crisis, many UK citizens are relying on borrowing to bridge their financial gaps.

A recent study from responsible lender Creditspring reveals alarming insights into the dire state of mental health among young Brits due to the escalating cost of living crisis. With financial stress reaching unprecedented levels, almost half of the youth admit to witnessing a significant decline in their mental wellbeing.

SuperFi, a FinTech company focused on preventing debt, recently announced a successful pre-seed funding round where it raised €900k.

In response to the cost-of-living crisis, financial institutions are boosting their data-driven financial management support.

FinTech global recently sat down with Fredrik Davéus, the CEO and co-founder of financial analytics API developer Kidbrooke. During the discussion, Davéus explained why investment firms should implement digital channels.

It is no secret the economic situation is in a bit of turmoil. People face a cost-of-living crisis and having just recovered from the impact of the pandemic, businesses are once again preparing for a tough market where survival is a priority. SME lending is their saviour. 

Nearly half (43%) of financial services expect the cost-of-living crisis to increase the risk of financial crime and fraud over the next 12 months.