Industry news
The new Bill is expected to generate approximately £10 billion towards the UK economy across 10 years.
GoCardless’ Pat Phelan and Benjamin Ensor of 11:FS discussed their new report ‘How To Take Open Banking Payments Mainstream’ at Open Banking Expo UK & Europe earlier this month.
The integration of Equifax’s ‘Apply+’ into OneID’s digital identity verification will enable customers to verify their identities without paper documentation.
Financial firms will be required to comply with the Personal Financial Data Rights rule based on their size, commencing in April 2026.
‘Nello Pay’ and ‘Nello AI’ use AI and Open Banking technology, respectively, to improve businesses’ and consumers’ interaction with financial services.
D•One’s Tim Kelleway said that combining its Open Banking data with Inicio.AI’s virtual agent will deliver “a rapid and personalised view of a consumer’s finances”.
Mastercard Connect Plus’ is intended to give consumers control of where, how and with whom their financial data is shared.
Raidiam Advise will be headed up by Jim Wadsworth, who joined Raidiam last month, alongside strategic advisory partner Lauren Jones.
The new Open Banking payment solution has been available for merchants in 10 European countries since August this year.
The Financial Consumer Agency of Canada will provide oversight, administration and enforcement of consumer-driven banking.
