Daily news

08 Mar 23 @ 17:36

When compared to the same report launched in February 2022, Essential card spending grew by 6.7% in February 2023, driven by Grocery spend growth at 6.6%. Fuel spend grew by 5.0% in February 2023, down from 9.3% in... read more

07 Mar 23 @ 17:45

A study has found that the number of consumer instant payments, any payment outside of a card network that is capable of receiving funds in 10 seconds or under, will... read more

07 Mar 23 @ 17:28

The Bank for International Settlements (BIS) and the central banks of Israel, Norway and Sweden have concluded Project Icebreaker, which studied the potential benefits and challenges of using retail central... read more

06 Mar 23 @ 17:41

UK financial services organisations are collectively spending £34.2 billion each year on financial crime compliance (FCC), according to the latest True Cost of Compliance report from LexisNexis Risk Solutions. This... read more

06 Mar 23 @ 16:43

10 major Japanese Tech and Finance powerhouse have joined together to launch the Japan Metaverse Economic Zone. The companies have signed a basic agreement for the building of an Open... read more

03 Mar 23 @ 17:54

As previously announced, the Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore potential use cases and economic benefits of... read more

03 Mar 23 @ 17:38

Just days after announcing that it is at the “finish line” of winning a UK banking licence, and accounts revealed its first annual profit, Revolut could be in serious trouble.... read more

03 Mar 23 @ 17:23

Silvergate, the small time US lender that bet big on crypto, has announced huge losses and may have to wind down according to its annual report, and serves as a... read more

28 Feb 23 @ 16:09

Nexi and Banco de Sabadell have reached an agreement to establish a long-term acquiring partnership in the Spanish market. According to the terms of the transaction, Nexi will acquire 80%... read more

28 Feb 23 @ 15:29

Yesterday we reported on Klarna and the company’s success in grabbing major market share in the US and UK – today we see at what cost. The BNPL specialist has... read more

28 Feb 23 @ 11:52

As banks look to transform their business for a digital future, high inflation and low economic growth are making investment decisions difficult. Nonetheless, opportunities exist to deliver customer value and... read more

27 Feb 23 @ 18:54

It was only six months ago that Klarna blew up the internet with stories of heavy H1 losses and serious cuts to the work force. Back then one eye-catching headline... read more