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Pay by Bank transactions grew 75% in the UK last year, according to Token.io’s chief executive officer Todd Clyde.
The regulators made the announcement as part of the next steps for UK Open Banking.
The new platform, Credit Health, combines credit report and Open Banking data.
Lloyds Bank, NatWest, ClearBank, CFIT, Monzo and Innovate Finance took part in the panel debate ‘Driving payments modernisation in an Open Banking era’ at Open Banking Expo UK & Europe last month.
Big Red Cloud will integrate GoCardless’ payment capabilities into its platform, including ‘Instant Bank Pay’.
The solution will help utility and telecoms companies automatically assess eligibility for social tariffs.
Speakers from Token.io, the European Payments Council (EPC), FDATA Global and Mastercard took part in a panel debate about SPAA at Open Banking Expo UK & Europe last month.
The roundtable, ‘What if, you could make Open Banking payments smarter?’, took place at Open Banking Expo UK & Europe in London on 15 October.
Yapily’s Nicole Green, Emma Zaraisky of Google and Allica Bank’s Sophie Hossack were speaking at Open Banking UK & Europe in London earlier this month.
SHIFT’s fintech incubator programme ‘Ignite’ is designed to support founders to turn “disruptive fintech ideas” into reality.
