Latest news headlines: Finextra Research

Cash use in the UK rises for second year in a row

Cash usage rose for the second time in a year in the UK as consumers resorted to handing over notes and coins at the till to better aid budgeting.

05 December 2024

/retail

Santander launches online pension plan with up to £1000 cashback offer

Banco Santander has launched a Self-Invested Personal Pension (Sipp) plan in the UK, with a £1000 cashback offer to people investing over £100,000.

05 December 2024

/crypto

Bitcoin price tops $100,000 for first time

Bticoin prices have surged past the $100,000 mark for the first time as retail and institutional investors look to cash in on a Trump-driven market rally.

05 December 2024

/startups

NatWest launches Fintech Growth Programme

NatWest Group is launching a Fintech Growth Programme, to help startups to lean on the resources, expertise and networks of an established high-street bank to help them scale-up and drive the bank's innovation pipeline.

05 December 2024

/payments

Singapore extends deadline for phase out of corporate paper cheques

The Monetary Authority of Singapore has pushed back the deadline for abolition of corporate cheque payments by a year to give businesses more time to familirise themselved with incoming and existing e-payment options.

05 December 2024

/inclusion

US agencies provide advice for combatting elder financial exploitation

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this week.

04 December 2024

/wholesale

Wells Fargo to sell San Francisco HQ to favour US East Coast - WSJ

Exclusively reported by The Wall Street Journal, the bank's San Francisco Financial District office may be for sale later this month.

04 December 2024

/crypto

Crypto.com to launch card in Bahrain and expand across GCC region

After securing a principal licence with Mastercard, Crypto.com customers will now be able to use their card at over 150 million in-store and online locations worldwide.

04 December 2024

/identity

AI power centres are fresh targets for hackers - Experian

Experian’s 12th annual Data Breach Industry Forecast includes five 2025 predictions for 2025 that show that global data breaches show no signs of slowing down.

04 December 2024

/payments

Mastercard agrees to £200m settlement for fee overcharging

It has been reported that claimants had been seeking £10 billion in compensation for alleged overcharging over several years.

04 December 2024

/crime

MEP amendments to PSR APP fraud liability regime 'undermine effective fraud prevention'

Copenhagen Economics and the Computer & Communications Industry Association (CCIA Europe) have revealed flaws in the European Parliament’s unprecedented extension of liability beyond payments services providers (PSPs) to online platforms and electronic communication service providers, such as telecom operators, who would also have to refund victims of impersonation fraud.

04 December 2024

/crime

5 most common fraud methods in 2024, according to AIB

‘Smishing’ accounts for 94% of all fraud cases from January to October this year.

04 December 2024