Industry news
Banks in New Zealand will need to loosen their grip on customers’ private data as the region edges toward Open Banking. At the moment customers breach their bank’s terms and conditions if they allow any third party access to their accounts. Payments NZ – which governs New Zealand’s payment systems…
Source: Yolt Taking the next step in the Open Banking journey, Yolt moves into testing Payment Initiation Services (PIS) with their UK community and the launch of ‘Yolt Pay Beta’. This latest feature will enable users to initiate payments to friends and family as well as move money between their…
For the first time since its inception, the FCA has issued a license for the provision of a digital debt advice solution. Tully is a fintech start-up created to improve financial capability, make it easier for people to manage their money and repay their debts faster. The timing of…
DCB Bank announced the launch of its Open Banking Platform, a significant step towards creating a collaborative ecosystem with enterprises, fintechs and app developers, and enhancing customer-service delivery. Over 20 startups, fintechs, merchants, enterprises and developers will partner with DCB Bank for access to its Open Banking Platform APIs…
M&S Bank has become one of the first mortgage providers to enable open banking assisted mortgage applications. The Open Banking enabled mortgage journey means most customers will no longer need to source and supply copies of bank statements to support their mortgage application. Using the Open Banking assisted journey, this…
Sage has partnered with high-growth UK payments fintech, Modulr, to simplify the task of managing accounts payable and payroll payments for millions of UK businesses. The solution, known as Sage Salary and Supplier Payments, will allow businesses and their accountants to securely manage and process payments from directly within the Sage…
As the race for true Fintech innovation hots up, Open Banking Expo and FinTech North have announced an agreement to partner in 2019 with the aim of sharing and promoting innovation and best practice in the financial services technology market. FinTech North delivers a programme of events across the north…
With the banks annual reporting season well underway in the UK, analysts are expecting a combined profit of £23.9 billion for the four largest players in the last year – an astonishing 85 per cent rise from 2017. However, the pressure for traditional banks to compete with their agile digital…
Adyen, the payments platform of choice for many of the world’s leading companies, has today launched a new payment service powered by open banking. The new service is an alternative to card payments and takes advantage of the European Union’s Payment Service Directive (PSD2) requirement for banks to create APIs…
Source: compelo banking @forthropjourno Oakbrook Finance and OpenWrks are two Nottingham-based fintechs using data made available by Open Banking regulations to improve the credit-lending experience for people with poor ratings. sharing. There are many reasons why someone applying for a loan may have a patchy or negligible credit record, but…
