Industry news
The future success of Open Banking will rely on banks and fintechs forging partnerships that provide customers with better financial products and an improved user experience.
Westpac Group has welcomed the first stage of open banking in Australia by today launching generic product data as part of the Federal Government’s pilot program.
Newcastle Building Society has used Open Banking tools to launch a digital debt help service for customers in financial difficulty.
Source: Yolt Yolt, the smart thinking money app, today announced it has extended its payment test phase to UK customers who bank with Nationwide, Santander and Barclays. Following the successful launch of ‘Yolt Pay Beta’ just two months ago with six of the major high street banks, the app is…
The government must give consumers the means to share their financial data safely and securely by facilitating Canadian Open Banking.
Open Banking Expo has launched its first European event in Amsterdam, in collaboration with Token, which will address the opportunities and risks that Open Banking presents as the financial services sector prepares to roll out the PSD2 directive.
Source: Lloyds Banking Group Lloyds Banking Group has launched an app that allows customers to see their current accounts, savings and other features across three of its brands. The new app links Lloyds Bank, Halifax and Bank of Scotland accounts in real time. The group said that under the new…
Source: Starling/Bottomline Technologies Bottomline Technologies, provider of financial technology for business payments, is launching its Real Time Payments Express Service in partnership with Starling Bank, which allows banks and corporates to send, receive and track payments in real-time to any UK bank account. Bottomline, who was already the payment technology…
Source: Monzo British mobile-only bank Monzo has made its way across the pond to the US this week. Valued at more than $1 billion, Monzo has gradually been growing its customer base in the UK and recently hit 2.2 million customers. Unlike traditional banks, Monzo operates solely on iOS and…
FreeAgent, the innovative cloud accounting provider, has secured an industry first by successfully connecting its software to the UK’s biggest banks through the new Open Banking framework.
