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Latest news

FCA: Some UK firms ‘behind’ in plans to comply with Consumer Duty

The scale of the reform requires “significant changes” from some financial services firms, ahead of the 31 July implementation deadline.

Konsentus enters MENA citing ‘wealth of opportunities’ for its services

The open ecosystem regtech provider has also appointed a MENA managing director to begin working with regional stakeholders.

B2B BNPL platform Tranch secures $100m in funding round

The platform for SaaS sellers and services providers will use the proceeds from new and existing investors to grow its US-based office.

Feature: Open Banking in the UK – an ‘unfinished experiment’

Five years on from PSD2, Open Banking is a “vibrant ecosystem”, but what needs to happen to ensure Open Finance is the end goal?

CMA appoints former NatWest payments director as OBIE trustee

Marion King will succeed Charlotte Crosswell as chair and trustee of the UK’s Open Banking Implementation Entity.

Q&A: GFT Canada’s Mauricio Deutsch on why security and convenience are key to Open Banking’s success

Mauricio Deutsch, banking and capital markets leader at GFT Canada, reveals what Canadian banks have to gain from embracing Open Banking and partnering with fintechs.

HSBC being ‘closely’ monitored by CMA after Open Banking breaches

The UK bank self-reported the breaches, which included incorrect information related to fees, charges and rates, in June 2022.

Stripe strengthens payments partnership with Amazon

Expansion of existing global partnership will see Stripe process “a significant portion” of Amazon’s total payments volume across Prime, Amazon Pay and Buy With Prime.

Metro Bank launches digital car loan product

The new product, which comes under the bank’s Ratesetter brand, is already available via two UK motor finance brokers.