Industry news
Nationwide has invested in financial management platform Moneyhub, which consolidates accounts from different providers into one place. Using Open Banking and applying AI, Moneyhub can consolidate investments, savings, mortgages, loans and pensions accounts into one place, which users can then share with financial advisers. The technology allows automation of much…
Source: Press release Quovo, a data platform providing connectivity to financial accounts, today announced it has become a Registered Account Information Service Provider (RAISP), regulated by the Financial Conduct Authority. The registration, which is applicable across all European Economic Area (EEA) states, makes Quovo the first US-based financial account…
While Open Banking initiatives are expected to transform the UK mortgage market, a new report suggests that challenger brands may lose market share from the resulting data revolution. The UK’s largest mortgage lenders will regain the market share that they lost to challenger brands in the coming years, thanks…
Source: Starling Starling Bank, the leading mobile-only bank recently voted Britain’s Best Bank 2018, has become the first mobile-only bank to partner with the Post Office to offer Everyday Banking services to its customers. The partnership will allow Starling current and business account customers to deposit and withdraw cash through…
After years of mumbling that there was “no margin” in small business banking, will traditional banks think again about how they serve SMEs? Traditional banks should heed warnings about the itchy feet of their small business clients. A lack of appetite for risk has left many traditional high street…
CEO at Open Vector, Carlos Figueredo, spoke with Open Banking Expo to offer insight into his thoughts on the Open Banking landscape and the current ‘state of play’ ahead of the event later this month. 1.What opportunities does Open Banking offer your business? Open Vector was established specifically to assist governments,…
Emirates NBD API sandbox is now live setting the stage for collaboration in an Open Banking environment. The API sandbox makes Emirates NBD more accessible to developers with API technology. This will boost the bank’s role in accelerating the region’s innovation ecosystem as well as creating increased value for its…
Atom Bank and Newcastle University have set aside three years to conduct research on trust in financial services and how companies can design better digital banking services. The UK’s first bank built exclusively for smartphones and tablets is embarking on a million-pound project with computer science, psychology and banking experts…
Nottingham-based fintech OpenWrks has been named the first company or third party provider (TPP) in the world to be approved by the UK’s Financial Conduct Authority (FCA) and listed in the Open Banking directory.
AIB has launched Ireland’s first industry standard* Open Application Programming Interfaces (APIs).
