Industry news
IBM is looking to cash on the open banking era, launching a platform designed to bridge the gap between legacy systems and the API future while helping banks meet new regulatory requirements such as PSD2. Open Banking has emerged as one of the hottest areas in financial services, driven by…
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced a newly expanded agreement with The Co-operative Bank to provide more flexibility for customers to choose how they conduct their everyday banking in relation to the European Union’s Second Payment Services Directive (PSD2). The bank…
Paul Riseborough, chief commercial officer at Metro Bank, believes the biggest beneficiaries from Open Banking will not be consumers, but underserved SMEs. Starting in the nineties the advent of the worldwide web unleashed a revolution that would re-shape nearly every industry in just a couple of decades. Suddenly, going digital…
Experian have released their latest white paper right here at the Open Banking Expo in the build-up to the event next month. It’s well understood that more data brings more opportunity. But to realise that potential, you need to be able to extract the relevant insight. Before data can be used, it needs to…
Weaknesses in the government’s proposed open banking implementation plan could spark a “scaremongering” campaign, a fintech has warned. Trade Ledger, a lending automation software provider, has claimed that the Australian government’s proposed open banking implementation plan has more kinks than its international counterparts. These “substantial weaknesses” include the lack of…
The financial services industry is well used to the as-a-service suffix. A service offered to incumbents by a variety of specialist third parties as well as the preferred model of operating for agile challengers, banking-as-a-service (BaaS) has grown in popularity -and looks set to solve some age-old pain points. And…
The Brazilian central bank is advancing with the design of an Open Banking model that it hopes will help increase competition in the banking industry, reported local financial daily Valor. Under such a model, clients of financial institutions will regain “ownership” of their financial data and they can authorize this…
Open Banking Expo partner, GDS Link, have made their latest white paper on decisioning within Open Banking available for download. You can download yours today by completing the form below. GDS Link will be in attendance at the Open Banking Expo on 27th November in London. The latest meetings &…
Ping Identity, the leader in Identity Defined Security, today announced the launch of a new Quickstart Private Sandbox for Open Banking and PSD2. It is designed to help banks, and other financial account servicing payment service providers (ASPSPs), rapidly test and deploy the security infrastructure required to successfully deliver innovative…
Nationwide Building Society is injecting £3 million in funding to encourage fintech startups and academics to develop Open Banking apps that can help to improve the lives of the one in four UK households who are financially squeezed – equivalent to 12.7 million people. Pre-announced in July, the Government-sponsored Open…
