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Latest news

CFIT’s Open Finance Coalition gets underway

The Centre for Finance, Innovation and Technology named HSBC, Open Banking Limited, Experian, Zopa, Mastercard and the Open Finance Association among the coalition’s founding partners.

Regulators need to create ‘right commercial incentives’ to drive Open Banking take-up

Speaking at a Westminster Business Forum policy conference, Lucy Beverley, director, economics, competition and regulatory finance at KPMG, talked about regulation keeping pace with innovation in UK payment services.

Spend management fintech Moss integrates GoCardless direct debit

The collaboration marks Moss’ expansion into the UK, where it will help SMBs automate month-end administrative tasks.

Speakers from GFT, Flinks and EQ Bank identify challenges in Canada’s Open Banking implementation

During a panel session at Open Banking Expo Canada, moderated by GFT Canada’s Mauricio Deutsch, panellists discussed technology and a ‘commitment’ from the largest banks as the main challenges.

Strands forms partnership with Plaid to expand US presence

Through the partnership, Plaid and Strands will be “advancing API-based data connectivity solutions” to US consumers.

Insight: Seven million users on, how far has Open Banking come in the UK?

Pradeep Raman, Finova’s director of digital, writes about the rapid growth in Open Banking usage by UK borrowers and the ways in which it can help lenders meet their new Consumer Duty obligations.

UK Chancellor launches ‘Future of Payments’ review

Joe Garner, the former chief executive officer of Nationwide Building Society, has been tasked with leading the review.

Open Banking ‘presents opportunity’ for Canada’s SMBs

David Hooper, VP Open Banking and payments consulting at CGI, moderated the panel session ‘How to meet SMBs’ unique needs with Open Banking’ at Open Banking Expo Canada.

GoCardless hires Franck Cohen as chair in profitability ‘push’

Cohen, who previously served as EMEA president of SAP, said he will “steer GoCardless into the next phase of its growth”.

Insurtech Qover closes Series C at $30m

Qover, which specialises in embedded insurance orchestration, has also formed a partnership with digital bank Monzo in the UK.