Industry news
The launch follows the recent Section 1033 rulemaking under the Dodd-Frank Act, which grants consumers the right to access and share their financial data.
CRIF’s Open Banking technology will simplify the claims process for businesses and speed up decision making around payouts.
Sumsub is working with real-time payments platform Volt to improve its onboarding and identity verification offerings across Europe.
Banked said the acquisition of UK-based VibePay will help drive global adoption of Pay by Bank through consumer and merchant incentives.
Pay-as-you-go energy supplier Utilita Energy serves more than 800,000 households in the UK.
UK Finance, FDATA, Select ID and global law firms A&O Shearman and Skadden will lead the working groups, with input from CFIT’s other key partners.
Speakers from NatWest, Jumio, CFIT and the Norwegian Digitalisation Agency discussed digital ID on a panel session at Pay360 in London.
The collaboration combines NayaOne’s sandbox-as-a-service with Raidiam’s API access management platform.
Built using Yapily’s Open Banking infrastructure, Allica Bank’s business owner customers will be able to log into their account and top-up their account in a few clicks.
Yonder, which is an experience-focused credit card platform, will draw on NatWest’s expertise as it continues to grow and scale.
