Latest Banking

• Consumer card spending grew just 3.6% in May, while food price inflation pushes grocery spending to its highest growth in two years-Barclays
• Market Report-Hargreaves Lansdown
• NatWest Group completes acquisition of a majority shareholding in workplace savings and pensions FinTech, Cushon
• Young Brits lead Europe in shunning bricks and mortar banking for digital-CRIF
• FCA grants agent EMI licence to PayFuture as it reaches major milestones
• Business confidence dips, back to long term trend-Lloyds
• Asian trade corridors to outpace global average by 2030 but threats to supply chain resilience remain-Standard Chartered expired
• 43% of UK exporters expect an increase in the risk of non-payment in 2023 (up from 27% last year)-Allianz Trade expired
• New independent Research Study reveals majority of Global financial institutions are unable to respond effectively to Fraud and Financial Crime expired
• FCA bans referral fees for debt packagers to help struggling consumers expired
• Digital Prepaid Card usage to surge, as the value of transactions grows 650% globally by 2028 expired
• Fabrick sign a new partnership with Mastercard to develop Embedded Finance solutions expired