Archive for December 2022
Customers’ expectations of lenders have ‘never been higher’
Delivering a customer experience that is “better than the established brands” and is “friction free” will help lenders succeed, according to panellists from Experian, Allica Bank, Funding Xchange and Starling Bank, during an Open Banking Expo live debate on the future of lending.
Read MoreJROC to deliver vision for UK Open Banking in Q1 2023
TrueLayer’s Jack Wilson said “the waiting continues”, as an update from HM Treasury, the CMA, PSR and FCA revealed the Strategic Working Group’s final report has been delayed until January.
Read MoreSecure Trust Bank teams up with Mastercard for Open Banking payments
The partnership with Mastercard’s Open Banking platform gives the bank’s customers a new way of repaying retail finance loans.
Read MoreLenders encouraging customers to provide Open Banking data ‘early on’ in credit decisioning process
An Open Banking Expo live panel debate, in association with Equifax, heard from lenders about using Open Banking to lend to customers who would traditionally have been considered thin file or credit invisible.
Read MoreUnited Fintech bolsters FX and digital assets capabilities with Cobalt acquisition
UK-based Cobalt is United Fintech’s fifth acquisition since 2020.
Read MoreShawbrook Bank completes a remortgage using PEXA’s digital payment system
The specialist lender has become the first UK bank to do so, following Hinckley & Rugby Building Society in September, with more lenders and conveyancers to transact remortgage cases using PEXA’s platform next year.
Read MoreEY: Enhanced payments and data portability will be ‘disruptive forces’ in Canada
Abhishek Sinha, partner at EY Canada, talked about “the Great Convergence” as he moderated the last Open Banking Expo Canadian meetup of 2022.
Read MoreTemenos signs agreement with NdcTech to bring ‘Country Bank Model’ to seven Middle Eastern countries
NdcTech will develop regulatory and business-specific localised functionality to enhance the ‘Model Banks’ framework for banks of all sizes in Bahrain, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia and UAE.
Read MorePaysend partners with Plaid for Open Banking payments initiation
Through the partnership, merchants will be able to connect with their customers’ banks via Plaid and initiate a payment through Open Banking rails.
Read MoreUK food service company partners with Ecospend and Solaris to offer Open Banking payment solution
The closed loop direct account-to-account ‘pay by bank’ solution will be offered to JJ Foodservice customers at the online checkout.
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