Latest news
A report from the House of Commons Treasury Committee released today explained how hopes were still high for Open Banking adoption within the SME finance space, but urges more ambition. Open Banking has the potential to bring significant benefits for SMEs seeking finance. Its impact on the market to…
Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services, that accelerates business outcomes for its clients, today announced its collaboration with the Banking Industry Architecture Network (BIAN) to launch BIANs API Exchange. BIANs API Exchange, developed collaboratively by a group including Virtusa, BIAN member…
Spanish banking group BBVA has announced it is to partner with a fintech investor to find and fund start-up businesses in the UK. The new partnership with Anthemis Group will see the bank deploy capital and resources to building businesses that “address untapped user needs and attract the best fintech…
IBM is looking to cash on the open banking era, launching a platform designed to bridge the gap between legacy systems and the API future while helping banks meet new regulatory requirements such as PSD2. Open Banking has emerged as one of the hottest areas in financial services, driven by…
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced a newly expanded agreement with The Co-operative Bank to provide more flexibility for customers to choose how they conduct their everyday banking in relation to the European Union’s Second Payment Services Directive (PSD2). The bank…
Paul Riseborough, chief commercial officer at Metro Bank, believes the biggest beneficiaries from Open Banking will not be consumers, but underserved SMEs. Starting in the nineties the advent of the worldwide web unleashed a revolution that would re-shape nearly every industry in just a couple of decades. Suddenly, going digital…
Experian have released their latest white paper right here at the Open Banking Expo in the build-up to the event next month. It’s well understood that more data brings more opportunity. But to realise that potential, you need to be able to extract the relevant insight. Before data can be used, it needs to…
Weaknesses in the government’s proposed open banking implementation plan could spark a “scaremongering” campaign, a fintech has warned. Trade Ledger, a lending automation software provider, has claimed that the Australian government’s proposed open banking implementation plan has more kinks than its international counterparts. These “substantial weaknesses” include the lack of…
The financial services industry is well used to the as-a-service suffix. A service offered to incumbents by a variety of specialist third parties as well as the preferred model of operating for agile challengers, banking-as-a-service (BaaS) has grown in popularity -and looks set to solve some age-old pain points. And…
The Brazilian central bank is advancing with the design of an Open Banking model that it hopes will help increase competition in the banking industry, reported local financial daily Valor. Under such a model, clients of financial institutions will regain “ownership” of their financial data and they can authorize this…
