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One-third of UK shoppers plan to use crypto as a form of payment in 2022

Leading global payments provider Checkout.com debuted its Demystifying Crypto: Shedding light on the adoption of digital currencies for payments in 2022 report, pointing to increasingly positive trends in the adoption of digital currencies for eCommerce.

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Global banks carry out Quantum Dawn cybersecurity event

SIFMA today released the summary of key recommendations from its biennial Quantum Dawn cybersecurity exercise conducted in November 2021.

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Organisations are increasing investment and exploration in quantum technologies

New research published today by the Capgemini Research Institute reveals that almost a quarter (23%) of organizations are working (or planning to work) on leveraging quantum technologies, with expectations of at least one major commercial application within the next 3–5 years.

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UK e-commerce market projected to exceed £260 billion by 2025, Worldpay from FIS study finds

The UK’s e-commerce market, already the world's third largest, is forecast to grow by nearly 26 percent through 2025 to reach over £260 billion in transaction value, according to a new report released today from financial technology leader FIS® (NYSE: FIS).

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Klarna: One in two Brits to ditch credit cards for Christmas

One in every two UK consumers is planning to ditch their credit card entirely for Christmas shopping this year, with two-thirds of credit card owners wanting to avoid paying credit card interest.

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The API Ratings Agency announces founding board members

The API Ratings Agency (TARA), an industry-wide effort to create an advisory council for API monitoring standards, has named four members to its board.

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Use of smart POS terminals to grow by 156% in 5 years - research

A new study by Juniper Research has found that smart POS terminals globally in service, where analytics and loyalty can be integrated directly to the terminal, will increase from 13.7 million in 2021, to 35 million units in 2026.

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European retail banks need to reduce their costs by over £25 billion to improve profitability

Analysis from global consultancy partnership Kearney has found that retail banks will need to reduce costs by €35-€45 billion (£25-£32 billion) within the next 3 to 5 years to regain profitability.

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Banks go to war against fintechs - CapGemini World Fintech report

FinTechs are approaching their next maturity milestone – profitability – as they demonstrated resilience during the COVID-19 pandemic with verticals recording double-digit growth despite sector-wide operational and financial challenges.

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Finastra reveals corporate bank priorities for 2025

Research from Finastra, unveiled today at its flagship (virtual) industry event – Finastra Universe – shows changing priorities for corporate banks and their customers over the next five years.

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2020 finances dragged down by the three Cs: Christmas, Covid and Credit

At the end of what has been one of the most challenging years to date, national research has found that the pandemic has had a devastating effect on Britain's finances, with 19% confessing that they are in their worst financial position ever. A further 45% do not have a budget in place for their festive shopping this year, despite Brits spending £285 each on Christmas presents.

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Retailers using Payment Initiation Services could save millions on transaction fees over Christmas

Retailers using PIS as a payment method this Christmas could save up to 80% of the cost per online transaction, contributing to overall savings on transaction fees of millions of pounds for the retail sector, according to leading open banking provider Yolt Technology Services.

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