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Industry news

Xero addresses SMEs’ cash flow challenges with new Open Banking tools

The small business platform has partnered with Crezco to facilitate a new bill payments feature.

CFPB proposes Big Tech ‘play by the same rules’ as banks, credit unions

The Consumer Financial Protection Bureau seeks to supervise non-bank companies offering digital wallets and payment apps in line with banks and credit unions.

Open Banking and AI – a new era of personalised banking?

A roundtable co-hosted by Red Badger and Open Banking Expo debated how to use Generative AI to improve the customer experience.

TrueLayer’s Open Banking payments available to merchants via Shopify

Businesses throughout the UK and Europe “rely on Shopify to power their payments”, according to TrueLayer’s head of ecommerce Michael Brown.

European Parliament agrees new rules on ‘affordable’ instant transfers in euros

The update to SEPA will see EU payments systems “become more competitive”, according to MEP Michiel Hoogeveen.

Q&A: Aro’s Andy Fisher on taking lenders on the Open Banking ‘journey’

Andy Fisher, chief growth officer at Aro, reveals the main growth areas for the business over the next 12 to 24 months, and explains how Aro Mortgages is educating lenders about Open Banking.

Moneyhub: Open Banking payments ’embraced’ by younger generations

Research by Moneyhub revealed that 29% of 16 to 24-year-olds make payments via Open Banking.

NatWest, Tink hail benefits of commercial VRPs as industry readies for 2024 pilot

Speakers from NatWest, Tink and Token.io, as well as the FCA and PSR, took part in a panel on commercial VRPs at Open Banking Expo UK and Europe on 18 October.

Ecommpay diversifies merchants’ payment options with GoCardless

GoCardless ‘Embed’, its white label integration, will enable Ecommpay to add direct debit to its payment methods.

Bud Financial unveils AI-powered data analytics product

Bud’s new product ‘Drive’ will enable “real-time customer base analysis and insight, meaningful segmentation and mass personalisation”.

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