Industry news
Source: Lloyds Banking Group Lloyds Banking Group has launched an app that allows customers to see their current accounts, savings and other features across three of its brands. The new app links Lloyds Bank, Halifax and Bank of Scotland accounts in real time. The group said that under the new…
Source: Starling/Bottomline Technologies Bottomline Technologies, provider of financial technology for business payments, is launching its Real Time Payments Express Service in partnership with Starling Bank, which allows banks and corporates to send, receive and track payments in real-time to any UK bank account. Bottomline, who was already the payment technology…
Source: Monzo British mobile-only bank Monzo has made its way across the pond to the US this week. Valued at more than $1 billion, Monzo has gradually been growing its customer base in the UK and recently hit 2.2 million customers. Unlike traditional banks, Monzo operates solely on iOS and…
FreeAgent, the innovative cloud accounting provider, has secured an industry first by successfully connecting its software to the UK’s biggest banks through the new Open Banking framework.
A multi-million pound grant, an experienced and well-connected management team and a corporate strategy to be envied. Could ClearBank be the first to break the UK banking oligopoly? Joe McGrath investigates…
As with so many innovations in the world of finance and technology, Open Banking was going to revolutionise the way consumers and businesses manage their finances and access financial services.
Open Banking Expo Magazine is to host a breakfast briefing event in London in collaboration with Equinix. Solving the Open Banking Maze will address whether the sector is harnessing the opportunities presented by the PSD2 directive. This free-to-attend breakfast briefing is taking place on 3 July 2019 in London and will…
Yapily is the London-based fintech startup offering an Open Banking-based API platform, enabling financial services providers and other kinds of enterprises, like merchants, to connect to banks. In its seed funding the startup recently raised $5.4 million.
PayPal Holdings has invested 10 million euros ($11.2 million) in Tink, a Swedish company that enables banks and financial technology start-ups to access financial data more easily, the companies said on Tuesday.
As Open Banking evolves beyond apps that collate customer accounts, the incentives for customer adoption are becoming clearer. Joe McGrath looks at some of the innovators creating a buzz…
