Industry news
Source: it news Westpac technology chief Dave Curran has delivered a reality check to policymakers and the technology sector, cautioning crucial reforms including open banking and digital identity must be better explained and understood by the public if they are to be successful. As the clock ticks down to Australia’s…
Source: FT Fintech company PensionBee has added another personal finance app to its list of open banking partners. The pension consolidator’s clients are now able to see their live pension balance within the Money Dashboard app, which has almost 500,000 registered users. The integration – which follows the partnership with Yolt…
Fiorano Software, the high-performance enterprise middleware and integration specialist has launched a single-stack technology platform for PSD2, designed to help banks securely deliver ASPSP Interfaces in accelerated timeframes. By incorporating all the technology banks require to deliver ASPSP Interfaces into a single bundle, Fiorano is simplifying the compliance journey, in the…
Source: Tandem press release Tandem Bank announced that their new ‘Auto Savings’ service will be powered by global payments platform Stripe, allowing customers to set up rules that automatically move money from their current accounts with other providers to a savings account with Tandem. Tandem can create sets of saving…
Nationwide has invested in financial management platform Moneyhub, which consolidates accounts from different providers into one place. Using Open Banking and applying AI, Moneyhub can consolidate investments, savings, mortgages, loans and pensions accounts into one place, which users can then share with financial advisers. The technology allows automation of much…
Source: Press release Quovo, a data platform providing connectivity to financial accounts, today announced it has become a Registered Account Information Service Provider (RAISP), regulated by the Financial Conduct Authority. The registration, which is applicable across all European Economic Area (EEA) states, makes Quovo the first US-based financial account…
While Open Banking initiatives are expected to transform the UK mortgage market, a new report suggests that challenger brands may lose market share from the resulting data revolution. The UK’s largest mortgage lenders will regain the market share that they lost to challenger brands in the coming years, thanks…
Source: Starling Starling Bank, the leading mobile-only bank recently voted Britain’s Best Bank 2018, has become the first mobile-only bank to partner with the Post Office to offer Everyday Banking services to its customers. The partnership will allow Starling current and business account customers to deposit and withdraw cash through…
After years of mumbling that there was “no margin” in small business banking, will traditional banks think again about how they serve SMEs? Traditional banks should heed warnings about the itchy feet of their small business clients. A lack of appetite for risk has left many traditional high street…
CEO at Open Vector, Carlos Figueredo, spoke with Open Banking Expo to offer insight into his thoughts on the Open Banking landscape and the current ‘state of play’ ahead of the event later this month. 1.What opportunities does Open Banking offer your business? Open Vector was established specifically to assist governments,…
