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Industry news

Commentators in fraud warning ahead of SCA deadline

Research shows that one in five UK adults were impacted by online card fraud in 2019

Klarna acquires Italian payments group

The deal will give Swedish fintech giant Klarna access to intellectual property that will enhance its underwriting capabilities and see the business launch a product development hub in Milan.

Fingopay breaks new ground in first bank-to-bank finger vein ID transaction

The biometric VeinID platform, Fingopay, has announced it is trialing a strategic Open Banking retail pilot with payments company Reflow.

Challenger N26 withdraws from UK

German-based challenger brand N26 said Brexit has made it impossible to continue in the UK market. Jenny Turton reports…

Revolut partners with TrueLayer for UK service

Digital bank Revolut has announced the launch of a new Open Banking feature to its UK customers, allowing them to see all of their bank accounts in one place.

Molo chooses Experian for buy-to-let decisioning

The digital mortgage lender is hoping to simplify affordability assessments using artificial intelligence and machine learning. Dippy Singh reports…

Open Banking for farmers – challenging the norm in lending

The UK’s newest licenced bank is using advances in banking technology to better service the country’s agriculture sector. Dippy Singh reports…

Report: Regulatory gulf widens between US and Europe

US financial institutions may have an edge in innovative thinking, but Europe continues to lead on regulation.

FCA updates guidance on Authentication rules

Implementation dates for SCA remain in place, despite the UK’s withdrawal from the EU.

Starling continues to grow business marketplace

Starling has expanded its Business Marketplace with the introduction of three new partners, placing a range of new services at the fingertips of its 100,000+ business customers.

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