Money Squirrel, an open banking-powered platform automating savings for businesses, has selected Moneyhub, the data, intelligence, and payments company, to power its financial management app. Moneyhub will use its open banking-enabled API to power Money Squirrel, which launched its app in January 2025, empowering businesses to make the most of their money by automating the […]
Fintech
How Digital Banking is Helping Small Businesses
As technology continues to evolve, so too do the tools that banks have at their disposal. By Jim Pytell, Managing Editor On Feb 7, 2025 According to the 2024 Bank of America Business Owner Report, digital transformation continues to be a key priority for businesses, with 71% of small business owners and 99% of mid-sized […]
Backbase & Feedzai partner to enhance fraud prevention in digital banking
BackbaseBackbase, Feedzai, Financial Crime, Engaging Banking, Digital Banking, Digital Trust, Netherlands, USA, , the Engagement Banking expert, has partnered with Feedzai to help banks tackle the growing challenge of digital fraud while maintaining seamless customer experiences. The collaboration integrates Feedzai’s Digital Trust solutions with Backbase’s Engagement Banking platform, giving financial institutions the capabilities to protect, […]
OpenAI and SoftBank Forge Deal to Transform Enterprise AI
OpenAI partners with SoftBank to launch Cristal intelligence, an enterprise AI system set to automate workflows and reshape business operations in Japan Enterprise AI has hit a pivotal moment. Companies are moving past experimental phases and diving into full-scale deployments. The focus has shifted from building general-purpose AI models to developing systems that integrate deeply with […]
Fintech Cushion shuts down
In a post on LinkedIn, CEO Paul Kesserwani says the decision to wind down the firm was made at the end of last year after it failed to “reach the scale needed to sustain the business”. Founded in 2016, Cushion used people’s transaction history for an automated bank and credit card fee negotiation service that […]
Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026
Financial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026. The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million) in the full year ending June 30, 2024. That was a 55% improvement from […]
The New Nuke From Orbit UK Campaign Aiming to Empower Consumers in Fight Against Smartphone Theft
With smartphone theft on the rise across the UK, fintech and mobile security platform, Nuke From Orbit, is launching a nationwide campaign to combat this growing crisis. As smartphone theft in the UK has more than doubled to 78,000 incidents in the past year alone, Nuke From Orbit is teaming up with ethical hacker Nikhil Rane to arm […]
Barclays customers face second day of issues after IT outage
Barclays customers are experiencing intermittent errors with payments and transfers for a second day after serious IT problems that also affected the bank’s app and online banking. Customers have told the BBC they are unable to make essential transactions, ranging from buying baby milk to completing a house move. Barclays said on Saturday that cards […]
Making Sense of Meme Coins, Digital Assets and Crypto’s Future
The debate over whether cryptocurrency markets are a “casino,” or whether digital assets can be a valuable financial innovation has yet to find a comprehensive, scalable answer as the industry continues to evolve. At the center of the question is the growing distinction between meme coins, such as dogecoin and the $TRUMP meme coin, and digital assets, such […]
Lloyds to shut 136 branches in UK amid digital banking shift
Lloyds Banking Group (LLOY.L), opens new tab will shut 136 branches in the United Kingdom to match customers’ transition to digital banking but will not cut jobs, the lender said on Wednesday. Lloyds shut several branches in the past few years across England and some in Wales, after the COVID-19 pandemic led consumers to switch […]