Fintech

US-based credit union Spero Financial has deployed a new digital banking solution from Lumin Digital, cloud-based digital banking provider. This move is aimed at delivering an improved banking experience for its over 50,000 members through advanced digital services. For more than two decades, Spero partnered with a legacy banking provider, but the adoption of Lumin’s […]

PYMNTS Intelligence’s long-standing chronicling of the paycheck-to-paycheck economy has revealed shifts in how consumers conduct their daily financial lives and pay. Given that the paycheck-to-paycheck designation blankets roughly two-thirds of consumers, the changes have been widespread. Households continue to embrace digital, specifically mobile, channels for banking and account access, and they use buy now, pay later (BNPL) options as they […]

J.P. Morgan’s digital-only bank Chase UK has reportedly introduced its first credit card. The move comes after the banking giant’s British venture took in upwards of £20 billion in deposits in three years, the Financial Times (FT) reported Tuesday (Nov. 19). The card is being rolled out to a pool of 25,000 British customers, the […]

Silicon Valley tech giants and others who together process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision, the U.S. Consumer Financial Protection Bureau said. The new rule finalized on Thursday will bring a burgeoning consumer service under the same scrutiny faced by banks while […]

PYMNTS Intelligence’s long-standing chronicling of the paycheck-to-paycheck economy has revealed shifts in how consumers conduct their daily financial lives and pay. Given that the paycheck-to-paycheck designation blankets roughly two-thirds of consumers, the changes have been widespread. Households continue to embrace digital, specifically mobile, channels for banking and account access, and they use buy now, pay later (BNPL) options as they […]

Block’s SQ Afterpay division and strong partner base are boosting its prospects in the ‘Buy Now, Pay Later’ (BNPL) market. Its partnership with several brands, including Curology, Helzberg Diamonds, Journeys, Rawlings Sporting Goods, and Zenni Optical, is noteworthy. Afterpay’s BNPL offering is now available to Alphabet’s GOOGL Google Play users. The expansion bodes well for the […]

A new partnership has been announced between LexisNexis Risk Solutions, the insurance data and advanced analytics provider, and TransUnion, the global information and insights company, to offer TransUnion’s Affordability Report to UK insurance providers.  In 2022, LexisNexis Risk Solutions and TransUnion teamed up to support the UK insurance market with credit data. The new collaboration will build on this relationship, and allow […]

As much as 90 per cent of children in the UK play some form of video game and spend an average of £38 per month on in-game purchases. But as parents struggle to find an effective way to teach responsible spending, it turns out the solution may actually lie in the video games themselves, according […]

Global crypto payments company MoonPay has launched a new payment solution to offer the convenience of fiat balances to the decentralised crypto ecosystem. Through the new solution, MoonPay Balance, the crypto payments fintech aims to offer users a new way to transact. Users can top up their MoonPay Balance to complete purchases quickly and cost-effectively, […]

Brazilian financial-technology company Nu Holdings Ltd. is considering plans to shift its legal base to the UK, in a move that would mark a major win in Britain’s push to encourage more tech companies to move to the country. The digital challenger bank has been working with the British government on the plans, which were […]