Slow technology adoption across UK businesses stunted economic growth and cost the country £111bn in turnover, according to new research. The findings were revealed in a report by Virgin Media O2 Business and Cebr, surveying 1,000 senior IT and finance leaders, and uncovering the impact of businesses failing to increase their digital technology usage in 2021 onwards. […]
New research reveals more than 80% of British Black Friday shoppers (approx. 30.2 million people) say the cybersecurity of online retailers is important to them, representing a 7%-point increase from last year (76% in 2023 Vs 83% in 2024). According to the research, Black Friday shoppers are 59% more likely to shop with an online […]
A new study of 12,000 consumers across 14 countries by global analytics software leader FICO has underscored the need for banks to strike a better balance between customer satisfaction and fraud mitigation as real-time payments (RTP) surge in popularity. In the survey, 26% percent of UK consumers said that they have reported actual or suspected scam […]
NatWest Bankline Direct Digital solution enhances UK and European payment scheme connectivity and compliance for large Corporates and Financial Institutions. NatWest has partnered with Capco, the global management and technology consultancy, to ensure a smooth transition for its systems and clients as the financial industry moves to adopt ISO 20022 for payments and reporting. The […]
Europe’s banks and financial services players are seriously lagging behind those in the US in the embedded finance race, according to research by payment consultancies PSE Consulting and TSG (The Strawhecker Group). The research reveals that 33% of SMBs in the US already use embedded finance solutions via Software-as-a-Service (SaaS) platforms, compared to just 11% […]
Cyber claims have continued their upwards trend over the past year, driven in large part by a rise in data and privacy breach incidents, Allianz Commercial warns in its annual cyber risk outlook. The frequency of large cyber claims (>€1mn) in the first six months of 2024 was up 14% while severity increased by 17%, […]
IMRG, the UK’s eCommerce association, reported growth in total market online revenue for the first time in 41 months in September, at +3.2% Year-on-Year (YoY). That is according to their Online Retail Index which tracks the online sales performance of 220 retailers. The last time the total market experienced positive revenue growth was in April […]
A new study from Juniper Research, the foremost experts in fintech and payment markets, has revealed the value of eCommerce fraud will rise from $44bn in 2024 to $107bn in 2029; a growth of 141%. The study found that AI is fuelling the sophistication of attacks across the eCommerce ecosystem, with the use of deepfakes […]
Paynetics, one of Europe’s leading providers of embedded finance and comprehensive payment solutions, partners with MyMonty, a pioneering financial technology company to launch a digital wallet. MyMonty’s app, with Paynetics’ digital infrastructure, enables customers across the EU and the UK, to easily access payments accounts and cards. By transforming the payment services experience into an […]
New data from digital transformation consultancy Daemon reveals that cyber security issues continue to plague Brits, particularly whilst shopping online. In the last 6 months alone, 36% have fallen victim to phishing scams, with other common issues including non-delivery of items once purchased (33%), credit card fraud (30%), counterfeit goods (28%) and identity theft (17%). These […]
