Podcast ¦ Credit Shift: News Update FinTech Developments, Stripe’s Evolution and UK Financial Vulnerability

Access the full podcast series here

Key Take Aways

UK debt repayments increased significantly in April 2024, with a 25% year-on-year rise in prepaid unsecured debts.
Energy and supermarket bill reductions have allowed customers to repay more of their outstanding loans.
Private rental prices in the UK increased by 8.9% in the 12 months to April 2024, highlighting ongoing housing cost pressures.
Financial vulnerability is a major issue, with millions of people close to or already in poverty.
The Joseph Rowntree Foundation found that 3.2 million people are only £40 a week away from poverty.
Stripe's growth and strategic focus areas include simplifying corporate processes, fraud management, faster payments, and financing.
Stripe's new UK product launches include pay by bank and faster payouts, aiming to improve cash flow and reduce fraud.
Stripe Capital offers small businesses flexible financing based on transaction data and business history.
Stripe Radar Assistant ...

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