Category: FinTech
Which? exposes online banking safety issues
A new Which? investigation has uncovered worrying gaps in online banking security systems that could help criminals to scam customers. Which? conducted an investigation with independent security experts 6point6, scrutinising […]
Majority of Brits now prefer digital banking, claims survey
The majority of UK consumers want greater control and flexibility over their financial products and prefer digital banking, new research from Yobota has revealed. The London-based technology company commissioned […]
PayPal hits 3.7bn transactions, 346m active users in Q2 2020
Recent years have witnessed a surge in the adoption of digital payments worldwide, driven by the rising number of smart devices and the booming eCommerce market. As one of the […]
5 Cybersecurity Threats to Financial Services
Banking and finance companies have access to sensitive data, such as financial records and personal information. These institutions, more than any others, should keep track of their systems’ activities. Should […]
China and US generate 65% of Digital Payments
As the largest revenue source of the global Fintech market, digital payments are set to reach $4.4trn transaction value this year, a 5% drop compared to pre-COVID-19 figures. According to […]
Two in five to have digital-only bank account by 2025
Just over 2 in 5 (44%) UK adults will have a digital-only bank account in five years time, equivalent to 23.2 million Brits, according to new research from personal finance […]
iZettle launches payment card reader made from fishing nets
Financial technology firm iZettle has unveiled a card reader for small businesses made from recycled ocean plastic. The PayPal-owned company has launched the Ocean Reader, which it says is 75% […]
PayPal fined £250,000 over iZettle deal
Online payments giant PayPal has been fined £250,000 by Britain’s competition watchdog for failing to keep it and iZettle separate in the UK while an investigation was carried out into […]
UK tech firms secure record foreign investment
Investment in the UK tech sector has continued to surge, as British firms secured more foreign funding in the first seven months of 2019 than during the whole of 2018, […]
Over a third of people ‘would prefer fast response from chatbot about finances’
More than third of financial services customers would prefer an instant response from a chatbot to waiting to speak to a human, a survey suggests. Some 35% would prefer an […]
