Breaking News
Transferwise Drops UK Fees
“Today’s move by Transferwise to drop money transfer fees for UK customers is a welcome one, especially in the face of massive unpredictability surrounding Sterling’s value in the last year.”
“While Brits are losing £600 million per year in excessive international transfer fees, Monito welcomes any initiative to offer more affordable ways to send money. Thanks to its new pricing, Transferwise is now the cheapest way to send £5,000 to the United States.”
“However, the newly introduced pricing also increases the total cost of sending very small amounts with Transferwise, as well as money transfers to Japan, Poland, Hong Kong, Bulgaria, and Colombia. This highlights the need to compare all available money transfer services before each transfer.”
“Transferwise’s decision to reduce transfer fees will likely cause a ripple effect amongst competitors within the international money transfer industry. Companies that follow suit and promote transparency will win over consumers and ultimately, come out on top.”
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Oxford Risk: Placing the Human at the Center of Wealth and Asset Management Transformation
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CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
SumUp Launches in Canada
SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
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Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
Connect IFA Ltd is pleased to announce key leadership appointments designed to strengthen its commitment to growth and enhance the support it provides to advisers and network members.