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NatWest’s Stephen Wright said that ‘timing is right’ for the CMA’s mandate, as he spoke on a panel alongside TrueLayer’s Matt Parish, Ordo’s Fliss Berridge and Niamh Greally of Chip.
The investment app, founded by ex employees of Wise, will be able to deliver instant account-to-account payments using TrueLayer’s Open Banking platform.
The partnership will help to modernise digital payments at selected European banks.
The open payments gateway has now integrated Brazil’s domestic instant payments network Pix and established a physical presence in São Paulo.
The organisation is working with the FCA and PSR on a ‘joint vision’ now, which is likely to have a more ‘sustainable’ funding model.
Bill Morneau will open the two-day virtual event on 23 November, with other speakers confirmed including Diogo Silva from Banco Central do Brasil and the Australian Competition and Consumer Commission’s Paul Franklin.
A panel debate on ‘Global developments in Open Banking’ at the Confex in London brought together executives at Klarna, Open Vector, HSBC and FDATA.
The former chief digital officer at Regional Australia Bank has been appointed by Truelayer as head of banking in Australia, following its accreditation by the Australian Competition and Consumer Commission in September.
Tradeshift Go’s Mason Burr writes about why small businesses might want to make the move from plastic to virtual cards.
As the Open Banking ecosystem reunited at Open Banking Expo UK in London yesterday (4 November), discussions centred around partnerships, payments and potential, as Ellie Duncan reports.
