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A study by Economist Impact, supported by Temenos, found that Europe’s banks are “emulating the way non-traditional players have used technology”.
ScotPayments, the new scalable payments platform, remains in a private beta phase for now.
Banked’s chief executive officer Brad Goodall said the partnership will enable businesses to “leverage the power of Open Banking and real-time payments”.
The new login service, which has been trialled in Sweden, allows consumers to choose which data they wish to share with merchants.
In its pre-Budget submission, the not-for-profit association called on the government to continue to support Real Time Rail.
Prior to joining NAB, Andrew Irvine was head of Canadian business banking at Bank of Montreal.
The new service for US banks will provide “faster and easier” trade finance digitalisation.