Archive for March 2019
Industry news: Ant Financial unveils banking platform
Ant Financial Services Group and Hoperun Information Technology have created a Distributed Core Banking Platform (DCBP), to help financial institutions shift their business models from transaction to customer-focus. The China-based organisations said the DCBP is a “next generation banking product” that aims to help financial institutions tackle digital challenges, including distributed development, financial product management…
Read MoreToken.io and Konsentus launch fast PSD2 compliance solution
Open Banking Third Party Provider (TPP) Identity & Regulatory checking specialist, Konsentus, and turnkey Open Banking platform provider, Token.io, today announce a strategic partnership to provide European financial institutions (FIs) with a fast and powerful combined solution for PSD2 compliance. With PSD2’s Regulatory Technical Standards (RTS) deadline passed, European FIs are under pressure to move…
Read MoreOpinion: Irina Tsyganok, Lloyds Banking Group
Open Banking Engineering Lead at Lloyds Banking Group spoke with Open Banking Expo Magazine on API’S, Open Banking and all the technical jargon in-between. Open Banking is an unprecedented disruptor in the financial industry, at the core of which lie data sharing and customer-centricity. Both concepts are complex, requiring a multitude of considerations, and…
Read MoreIrish firm Circuit brings Open Banking to the audit profession
Circit has announced it has been granted registration as an Account Information Service Provider (“AISP”) by the Central Bank of Ireland (“CBI”). Regulation by CBI paves the way for Circit to connect auditors with independent sources of audit evidence held by the banks of their client companies. Circit was founded in Dublin in 2017 to introduce…
Read MoreTandem Bank partners with Token
Turnkey open banking platform provider, Token.io Limited, today announces that its technology is enabling digital challenger bank Tandem to achieve PSD2 compliance and leverage Open Banking opportunities. Tandem is a digital-only bank that provides a money management app, credit cards and fixed-rate savings accounts to more than 500,000 consumers across the UK. It is integrating…
Read MoreThree reasons why Open Banking can unleash small business lending
iwoca co-founder and chief executive officer, Christoph Rieche, spoke with Open Banking Expo Magazine on the future of business lending through the eyes of Open Banking.
Read MoreOpen Banking: Who are you opening the door to?
Why your customers could be the downfall of Open Banking – and how data sharing can save it. Lee D’Arcy, director of engagement at Cifas, at the UK’s fraud prevention service spoke to Open Banking Expo Magazine. One fraud hides a multitude of crimes In the world of business, it’s rare to find a…
Read MorePayments: The battle for supremacy
Regulation has stimulated a wave of new entrants to the payments space and incumbents are spending big to protect their market share. But who is likely to win out in the battle for supremacy? Joe McGrath and Jenny Turton investigate… Competition in the payments sector is intensifying at breakneck speed. The arrival of the second…
Read MoreOpinion: Nick Harrison, Director, first direct
first direct’s Nick Harrison spoke to Open Banking Expo Magazine about his hopes and fears (and everything in between!) for Open Banking in 2019.
Read MoreBoost Capital looks to Open Banking to power small business finance
Boost Capital, a leading provider of small business financing, today announced the launch of Open Banking capabilities as part of the company’s efforts to accelerate the funding process and improve the customer experience for small and medium-sized enterprises (SMEs) applying for financing. Open Banking enables businesses to share their financial information with providers in real-time.…
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