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The credit app’s new feature is designed to help underserved UK adults access mainstream credit and lending products.
The new partnership means the credit union’s members will be able to access Open Banking-enabled tools and services.
UK Finance’s Payment Markets Report 2024 reveals Faster Payments now third most-used payment type in the UK.
Open Banking Limited cited competition as one of the main drivers for the increase in active users of Open Banking technology.
The winners will be announced at a ceremony on 15 October.
Maria Harris, chair of OPDA, called Nationwide’s membership a “huge milestone”.
Through the new partnership, intermediary firms will use open banking to streamline the payments process.
Bud Financial’s banking personalisation platform will now be available to banks and fintechs in Europe.
Klarna’s chief commercial officer said the combined payment product will be better for merchants and consumers.
Open Banking Expo UK & Europe 2024 is returning on 15-16 October in London.
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