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Banking Stories

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Banking stories

Iwoca secures GBP £250 million facility for SME lending
Fintech

Iwoca secures GBP £250 million facility for SME lending

A surge in small-business borrowing has prompted Iwoca to expand lending capacity, after UK SME lending rose 60% in 2025.

By Karen Joy Bacudo • 3 min read • Today
Chargeback costs push more merchants to raise prices
Customer Experience

Chargeback costs push more merchants to raise prices

More merchants are passing chargeback losses on to shoppers as dispute costs now exceed four times the value of transactions, a study found.

By Mark Tarre • 4 min read • Today
UK credit card severe delinquency rises, FICO says
Inflation

UK credit card severe delinquency rises, FICO says

Severe arrears are deepening among vulnerable borrowers, even as post-Easter spending fell and repayments ticked higher in May.

By Sofiah Nichole Salivio • 4 min read • Yesterday
Hyperlayer names first Head of AI as banks push AI
Software-as-a-Service

Hyperlayer names first Head of AI as banks push AI

Banks are moving AI into live, regulated systems, putting pressure on software vendors to prove every instruction is authorised and auditable.

By Sofiah Nichole Salivio • 4 min read • Yesterday
FinregE warns UK AI plan needs stronger bank controls
Digital Transformation

FinregE warns UK AI plan needs stronger bank controls

Banks and insurers face a gap between the plan's broad AI aims and the controls needed to satisfy compliance and audit demands.

By Karen Joy Bacudo • 4 min read • Yesterday

Global Stories

Banking stories

Global fintech market set to hit USD $1.5tn by 2034
Fintech

Global fintech market set to hit USD $1.5tn by 2034

Digital payments, AI and open banking are set to propel the sector to USD $1,533.29 billion by 2034, the report says.

By Karen Joy Bacudo • 3 min read • Today
Fintech leaders urge unified payments push as AI grows
Data Analytics

Fintech leaders urge unified payments push as AI grows

Faster instant payments and AI-led commerce are exposing fraud and infrastructure gaps, forcing banks and merchants to bolster resilience.

By Karen Joy Bacudo • 5 min read • Today
Google brings quantum-safe signatures to Cloud KMS
Data Protection

Google brings quantum-safe signatures to Cloud KMS

Enterprises can now deploy quantum-safe signing in production as Cloud KMS adds post-quantum algorithms for sensitive records and transactions.

By Sean Mitchell • 4 min read • Today
Post-quantum cryptography adoption stalls, DigiCert finds
Data Protection

Post-quantum cryptography adoption stalls, DigiCert finds

Most firms are still unprepared for quantum attacks, with only 7% deploying quantum-safe cryptography across most digital certificates.

By Joseph Gabriel Lagonsin • 4 min read • Today
Multiverse Computing raises USD $570 million in Series C
Drones

Multiverse Computing raises USD $570 million in Series C

The funding lifts the Spanish AI firm to a USD $1.7 billion valuation as demand grows for cheaper, lower-energy model deployment.

By Joseph Gabriel Lagonsin • 4 min read • Yesterday

Stories from Other Regions

Banking stories

Punjab National Bank joins PSB Xchange lending platform
Fintech

Punjab National Bank joins PSB Xchange lending platform

Dealers and MSMEs stand to gain faster access to working capital as Punjab National Bank widens PSB Xchange's lender pool.

By Karen Joy Bacudo • 5 min read • Today
Fenergo launches Fen-AI platform for bank compliance
Software-as-a-Service

Fenergo launches Fen-AI platform for bank compliance

Banks could cut onboarding and compliance workloads as Fenergo's Fen-AI ties every AI action to a full audit trail for regulators.

By Mark Tarre • 4 min read • Today
B2Bpay urges firms to rethink card payments before ban
Fintech

B2Bpay urges firms to rethink card payments before ban

Businesses may see credit card rewards shrink as the Reserve Bank of Australia's surcharge ban and lower fees prompt banks to trim offers.

By Joseph Gabriel Lagonsin • 4 min read • Today
DBS adds agentic AI to virtual assistants for customers
Digital Transformation

DBS adds agentic AI to virtual assistants for customers

Banking tasks for millions of customers can now be completed in one chat as DBS upgrades its virtual assistants with agentic AI.

By Sean Mitchell • 4 min read • Yesterday
New Zealand personal loan delinquencies hit three-year high
Bank of New Zealand

New Zealand personal loan delinquencies hit three-year high

Unsecured borrowers in New Zealand are under mounting strain as Experian flags a rise in personal loan arrears to a three-year peak.

By Karen Joy Bacudo • 4 min read • Yesterday
Early mortgage hardship boosts repayment recovery: Experian
Data Analytics

Early mortgage hardship boosts repayment recovery: Experian

Borrowers who seek help before falling behind on mortgages are far more likely to recover, with 87% back on track within six months.

By Karen Joy Bacudo • 3 min read • Yesterday
Crypto's biggest success may be making itself invisible
Crypto

Crypto's biggest success may be making itself invisible

Banks are adopting stablecoins, tokenisation and digital custody as crypto's ideas quietly reshape payments, settlement and asset transfer.

By Paul Quickenden • 3 min read • Yesterday