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The new partnership intends to accelerate banks’ compliance with PSD3, allowing them to “capitalise on commercial opportunities sooner than anticipated”.
The partnership aims to simplify domestic and cross-border money movement for Canadian businesses and consumers.
KPMG and Innovate Finance have outlined the three possible scenarios for the implementation of UK Open Finance in a joint report.
The industry-led Taskforce will build on the work done by CFIT’s Open Finance Coalition, which published recommendations earlier this year.
Irfan Khan, mmob’s founder and chief executive officer, said SMEs are an example of the end users that stand to benefit from embedded finance.
Managing director of Funding Xchange Sarah Hollyhead called the investment from Barclays “transformational”.
Nuvei’s integrated ‘Invoice Financing’ services enable businesses to access cash, by converting outstanding invoices into immediate working capital.
Banks can deploy SurePay solutions, including Confirmation of Payee, on top of their existing Temenos core banking system.
Token.io has hired a new chief financial officer and chief commercial officer, respectively, as it eyes further growth.
Multifi’s chief executive officer said the partnership is “fundamentally changing how UK SMEs access and manage their finances”.
