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Founder and CEO Ali Niknam said that “taking ‘the bank of The Free’ to ‘the Land of the Free’ is a logical next step”.
The bank’s CEO Stephane Vallois said that, on Mambu, it can build “ground-breaking solutions that truly reinvent the banking experience”.
Customers of National Australia Bank will see the prompts in the app and on internet banking to encourage them to “pause and review” a payment.
PSG Equity, already an investor in Powens, will make a further investment in Spain-based Unnax, to bring the two Open Finance fintechs into one group.
Tim Johnson has been appointed by UK bank NatWest to drive the growth of Tyl by NatWest and Payit.
Experian Boost data will be included in Virgin Money Slyce’s credit card decisioning process, allowing ‘Boost’ users to “improve their creditworthiness”.
The partnership sees LoanStar help the bank “expand its reach through point-of-sale finance”.
The latest figures from OBL also showed that around 750,000 small to medium-sized enterprises (SMEs) are using Open Banking products.
Salt Edge’s Erica Virlan said it is “fulfilling to see the growing interest in Open Banking from financial institutions”.
As the UK’s buy now, pay later sector continues to grow and readies for regulation, are concerns about consumer demand in a cost-of-living crisis justified, or is it experiencing growing pains?
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