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Latest news

Plaid creates new entity to put cash flow insights ‘to work’

The new consumer reporting agency established by Plaid will provide lenders with “ready-made credit risk insights” based on Open Banking data.

Monzo hires fintech founder to lead foray into insurance

Phoebe Chibuzo Hugh, who founded insurance fintech Brolly in 2016, has joined the UK challenger bank as it prepares to enter the insurance market.

Canada’s Paays partners with ID verification provider Yoti

Yoti’s chief executive officer Robin Tombs said the partnership will “strengthen the reliability and accuracy of identity checks for the Canadian auto financing sector”.

Ontario government endorses Open Banking and payments modernisation

Ontario’s Minister of Finance Peter Bethlenfalvy said they would “collaborate with the federal government” to progress these initiatives.

Adyen grows payment offering in partnership with Plaid

The partnership will bring Pay by Bank and marketplace onboarding to companies in North America.

Revolut hires Francesca Carlesi as UK chief executive

The fintech founder, whose experience in banking spans senior roles at Deutsche Bank and Barclays, will join Revolut in December.

PSR reveals the UK banks enabling the most APP fraud

For the first time, the Payment Systems Regulator has published data showing, at an individual level, how well banks and payment firms are dealing with APP fraud.

FCA: ‘Significant increase’ in use of BNPL by UK adults

The Financial Conduct Authority also revealed it has secured contract changes to “potentially unfair and unclear contract terms” at two unregulated BNPL firms.