News Update: FinTech Developments, Stripe's Evolution and UK Financial Vulnerability
This podcast episode covers industry news, fintech developments, and the expected impact of GenAI on the UK competitive landscape. Host, Paul Sweeney (Webio CSO), discusses the rise in UK debt repayments, the cost of living pressures, and the financial vulnerability of millions of people. Paul also explores the development of Stripe over the past 10 years and its new product launches. Additionally, our host delves into a new report from London Business School and the Institute of Directors, assessing the expected impact of GenAI on the UK competitive landscape.Takeaways Rise in UK debt repayments and cost of living pressuresFinancial vulnerability of millions of peopleDevelopment of Stripe and its new product launchesExpected impact of GenAI on the UK competitive landscape Sources https://www.credit-connect.co.uk/news/rise-in-debt-repayments-continues-to-hit-household-budgets/https://www.credit-connect.co.uk/news/nearly-1-million-people-only-10-a-week-away-from-poverty/ https://jasshah.substack.com/p/fintech-rr-stripe-growth-product https://www.iod.com/app/uploads/2024/05/IoD-LBS-Policy-Paper-Assessing-the-expected-impact-of-generative-AI-on-the-UK-competitive-landscape-90514166d3cf6e8f4ee9211073a9ae30.pdf