Posts by Newsdesk

LendingMetrics has announced the launch of its new Open Banking platform OpenBankVision (OBV), which will provide consumer bank account data free of charge to bridging and other finance providers. The platform will allow users to access 90 days of bank statements with no minimum or maximum cap on the number of requests. Finance companies using…

Business finance marketplace, Funding Options, has been announced as one of the winners of the second phase of Nesta’s ‘Open Up Challenge’ – one of only three companies to have won both stages of this challenge. The Open Up Challenge prize is part of a package of reforms from the Competition and Markets Authority designed…

Most large banks in Asia Pacific think providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programmes, and many expect it to help them achieve double-digit revenue growth, according to research from Accenture. According to the study, 90% of large banks in Asia Pacific plan to provide…

“NatWest and RBS have been shrinking,” said Adrian Smyth, head of payment innovation RBS, at an industry event in London last week. “As a bank we have historically, to be completely fair to us, seen people focus on getting the mandatory compliance aspect through, that’s not lead to a lot for the differentiation, the disruption,”…

Source: Accenture/Which-50   Most large banks said that providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programs, and many expect open banking to help them achieve double-digit revenue growth, according to a global research report by Accenture. Open Banking enables financial services commercial customers to share…

The Open Banking Expo, which launched in London on 27 November, has been hailed a huge success by visitors, speakers and exhibitors alike. Attended by leading high street banks, challenger banks and fintech businesses, Open Banking Expo is the only event focussed on the customer journey and consumer adoption of Open Banking, as well as…

BROOKFIELD, Wis. & LONDON–(BUSINESS WIRE)–Nov. 27, 2018– Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced the results of a survey revealing insights into the implementation of open banking initiatives by banks in the U.K., Poland, France and Australia. To date, banks have primarily focused on compliance, with only…

Biju is Country Head at Fiorano Software and sat down with Open Banking Expo to discuss his thoughts on the evolving PSD2 landscape.   How do you think PSD2 will change the financial services landscape? PSD2 will probably be the biggest and most impactful change in banking that our generation will experience as retail banking…

Source: Experian Experian has launched a new set of advanced Open Banking services. Affordability Check and Tennant Vetting Service are both innovations which will empower consumers to better understand and take control of their finances, while offering businesses the insight to deliver improved products and services. Experian is the only one of the UK’s main…

Source: it news Westpac technology chief Dave Curran has delivered a reality check to policymakers and the technology sector, cautioning crucial reforms including open banking and digital identity must be better explained and understood by the public if they are to be successful. As the clock ticks down to Australia’s banks being required to share…