Industry news
Underwriting times for the applicant’s financial history review have been reduced to just 5 minutes; Open Banking conversion rates are up 26 percentage points.
Version 3.1.8 of the OBIE Standard introduces major new functionality, specifically Variable Recurring Payments (VRPs).
One in 10 consumers have changed their current account since March 2020 with nearly a third (32%) of these switching from a traditional bank to an online-only one.
Embedded finance provider HUBUC partners with Currencycloud to allow customers to access foreign exchange and cross-border payments capabilities.
Oliver Prill believes slow uptake of Open Banking has meant missed opportunities for both customers and companies.
Santander Consumer Bank, have chosen Nordic API Gateway to power their new multi-banking personal finance management app.
Dapi hopes that by increasing the accessibility of financial technology, it can help develop the fintech ecosystem in Latin America.
The deal will see Fabrick’s offering become part of the Microsoft Commercial Marketplace.
The Breakthrough Challenge is calling on those working in financial services to join forces and create solutions to improve the water sector.
The latest development will underpin the ambitious growth plans of the licensed bank.
