Finance Monthly. The Monthly Round-Up 14 Charlie Huggins, Manager of the ‘Quality Shares Portfolio’ at Wealth Club, commented: “Inflation moderated again in August and came in lower than expected, partly due to an easing of food and non-alcoholic beverage prices. This is very welcome news for consumers and the Bank of England alike and will reinforce the sense that UK interest rates are close to peaking. The reopening of supply chains, falling logistics costs and greater caution from businesses with their hiring and spending plans are all helping to tame the flames of inflation. The heat also seems be coming out of food prices which rose by a much more palatable 0.3% between July and August, down from a rise of 1.5% between the same two months a year ago. This cost of the weekly shop is a key barometer of conINFLATION MODERATES AGAIN IN AUGUST, WELCOME RELIEF FOR BANK OF ENGLAND sumer sentiment so this is excellent news. Moderating inflation is also good news for homeowners and first time buyers, with mortgage rates coming down in recent weeks. With these latest inflation figures, the prospect of further cuts to the cost of borrowing in the coming weeks has increased. We are not yet out of the woods. Wages are rising rapidly, sterling still remains weak and oil prices are going up. All of these things have potential to cause further inflationary headaches for the Bank of England. For now though, the trend is in the right direction. While price rises are still much higher than anyone would like, there is no longer a sense that inflation is out of control.” PAYSAFE AND EIGHTCAP PARTNER TO OFFER JOINT EMBEDDED WALLET SOLUTION Paysafe (NYSE: PSFE), a leading payments platform, and Eightcap, a global retail trading provider, are excited to announce the strengthening of their partnership through the introduction of an innovative Embedded Trading Wallet solution. This strategic collaboration aims to provide a joint embedded finance solution for Eightcap and Paysafe’s shared partners and merchants. Eightcap and Paysafe first established a successful payments partnership in 2016, with Paysafe providing a wide range of payment options for Eightcap global traders including digital wallets like Skrill and NETELLER, as well as various local payment methods. Expanding on this collaboration, the newly introduced Embedded Trading Wallet utilizes Paysafe’s digital wallet infrastructure and Eightcap’s trading technology. This innovative solution allows partners to offer a white-label, plug-and-play trading and payment wallet for their retail traders, making it easier and more convenient for them to engage in trading activities from every corner of the globe. The Embedded Trading Wallet, hosted within Paysafe and Eightcap’s combined global licensing framework, brings together compliance expertise, and payments and trading capabilities to offer partners a seamless and secure trading wallet, empowering them to offer their customers a convenient, secure and reliable trading and digital wallet solution. Eightcap, a global leader in retail derivatives trading, stands out in the industry with its unique B2B embedded trading API, which allows partners to seamlessly offer over 1,000 tradable instruments in Stocks, Indices, Crypto, FX, and Commodities. “We’re delighted to be embarking on this strategic partnership with Eightcap and facilitating its embedded trading wallet solution through white labelling our products and services,” said Micah Kershner, SVP of Crypto and Digital Assets at Paysafe. “Embedded finance is the future, and we believe this solution will revolutionise the trader’s experience.” Patrick Murphy, Director of UK at Eightcap, commented, “We are extremely excited to be entering into this new phase of our partnership. This solution will enable unparalleled payment capabilities for our global partners and traders.”
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