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Latest news

HPE chosen by Barclays to provide private cloud platform

The HPE GreenLake edge-to-cloud platform will host more than 100,000 workloads across the banking group’s strategic hubs in the UK, US and Asia.

Bill payment app Papaya secures $50m in Series B round

The funding round was led by Bessemer Venture Partners, with the new investment to be used to expand Papaya’s team and forge new partnerships.

Moneyhub and Bud to take part in initial UK pensions dashboard testing

Pensions Dashboard Programme chose three commercial providers, in addition to the Money and Pensions Service non-commercial dashboard, for its alpha testing phase.

NatWest collaborates with TrueLayer for first ‘live’ VRP transaction

NatWest’s Daniel Globerson called VRPs a ‘ground-breaking innovation’.

Online transaction monitoring

PAYSTRAX picks Sentinels to boost AML transaction monitoring for European payments

European merchant acquirer PAYSTRAX selected Europe’s leading intelligent transaction monitoring platform Sentinels to enhance the AML processes for its portfolio of European payment services.

Credit Kudos finds 70% of UK lenders will use Open Banking by 2023

New research by Credit Kudos revealed that 47% of all lenders surveyed believe that Open Banking could help save time and cut the cost of credit decisioning in the future.

Plaid launches ‘Payouts’ product in UK

The new product will enable users to make instant withdrawals and refunds and aims to ‘drive adoption’ of Open Banking payments.

Applications open for new CEO at OBIE

The ‘time critical’ CEO role has been created following a recent independent investigation into governance of the OBIE, with the new chief executive expected to work with the trustee, executive committee and board.

Can Open Banking solve Canadian SMBs’ ‘top needs’?

Jeff Brown, Equifax’s senior director, small and medium business, moderated a panel at Open Banking Expo Canada in November, saying that ‘when it comes to providing financing and credit solutions to small businesses, the industry is still light years away from where it should be’.