Industry news
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…
Open Banking Expo has confirmed a full complement of speakers for its one-day conference and exhibition, with more than 35 thought leaders, three streams and 15+ hours of original content. The event, headlined by OpenWrks, takes place on 27 November at America Square Conference Centre, London and promises to be the…
According to the latest Mortgage Efficiency Survey from financial technology business IRESS, APIs in particular are expected to provide the most transformative efficiency gains over the next three to five years. By enabling third party services, such as online income verification and electronic valuations, linking directly into lenders’ mortgage platforms,…
Brokers will be one of the many beneficiaries of the comprehensive credit reporting and open banking regimes, according to mortgage industry executives. Stephen Moore, CEO of Choice, believes brokers will significantly benefit from the mandatory comprehensive credit reporting (CCR) regime — which is yet to be legislated despite the government imposing a deadline…
Challenger bank Starling Bank is now offering on demand insurance for your smartphone. According to Starling, users may purchase insurance from so-sure via the Starling app marketplace. Insurtech so-sure is said to offer fast, reliable and simple mobile phone insurance in a market that is often seen as opaque. so-sure…
