Industry news
Brokers will be one of the many beneficiaries of the comprehensive credit reporting and open banking regimes, according to mortgage industry executives. Stephen Moore, CEO of Choice, believes brokers will significantly benefit from the mandatory comprehensive credit reporting (CCR) regime — which is yet to be legislated despite the government imposing a deadline…
Challenger bank Starling Bank is now offering on demand insurance for your smartphone. According to Starling, users may purchase insurance from so-sure via the Starling app marketplace. Insurtech so-sure is said to offer fast, reliable and simple mobile phone insurance in a market that is often seen as opaque. so-sure…
While banks and challengers fight over the new opportunities in Open Banking, credit reference agencies are having their own tussle to better understand the consumer… Since obtaining their FCA accreditations to supply Open Banking and PSD2 services, Experian and Equifax have been spending big on research and development. Both…
The Paypers has launched Open Banking Report 2018, which focuses on topics such as building trust, gaining consent and improving customer experience in Open Banking. The Paypers is committed to delivering clear perspectives on the Open Banking ecosystem to help all players understand the opportunities it offers, also providing an analysis…
Even though it’s early days for open banking there are already plenty of trailblazers offering new services, writes Huw Davies. From forex to rental accommodation, personal identification to loyalty schemes, many customer experiences are starting to be transformed by the effects of Europe’s Second Payment Services Directive (PSD2) just months…
The UK’s vote to leave the EU not only raised many doubts about London’s continued reign as the global fintech leader, but also certain concerns about the country’s continued regulatory alignment. However, as the main driver for PSD2 is technological and not political, the UK decision to follow a development…
Qatar Islamic Bank UK plc (QIB) has selected Volante Technologies’ VolPay Channel: Open Banking and Token to implement PSD2 compliance for the bank. Building upon Volante’s partnership with Token who provide PSD2 compliant APIs, VolPay Channel: Open Banking will deliver a complete out-of-the-box solution for handling complex orchestration related to…
EBA Clearing subsidiary Preta has signed up 40 banks and tech firms to Open Banking Europe, an initiative launched in June last year to create a centralised PSD2 directory. With the backing of major European banks, Open Banking Europe is seeking to address regulatory concerns about the interoperability of bank…
With more and more EU banks completing the inevitable process of opening up their data to third parties, an Open Banking payment hub becomes a logical necessity. So in response to the market demands, the fintech firm Salt Edge has set up an Open Banking payment infrastructure, which is now…
The New Zealand government are considering Open Banking options for New Zealand customers. Open banking involves consumers choosing to share their banking data to access new or improved products or services. This could include financial or budgeting advice, dashboards that display a range of financial information in one place, more…
