Archive for February 2019

DCB Bank announced the launch of its Open Banking Platform, a significant step towards creating a collaborative ecosystem with enterprises, fintechs and app developers, and enhancing customer-service delivery.   Over 20 startups, fintechs, merchants, enterprises and developers will partner with DCB Bank for access to its Open Banking Platform APIs as well as collaboration on…

M&S Bank has become one of the first mortgage providers to enable open banking assisted mortgage applications. The Open Banking enabled mortgage journey means most customers will no longer need to source and supply copies of bank statements to support their mortgage application. Using the Open Banking assisted journey, this documentation will be immediately and…

Sage has partnered with high-growth UK payments fintech, Modulr, to simplify the task of managing accounts payable and payroll payments for millions of UK businesses. The solution, known as Sage Salary and Supplier Payments, will allow businesses and their accountants to securely manage and process payments from directly within the Sage Accounts and Payroll products. A…

As the race for true Fintech innovation hots up, Open Banking Expo and FinTech North have announced an agreement to partner in 2019 with the aim of sharing and promoting innovation and best practice in the financial services technology market. FinTech North delivers a programme of events across the north to support and grow the…

With the banks annual reporting season well underway in the UK, analysts are expecting a combined profit of £23.9 billion for the four largest players in the last year – an astonishing 85 per cent rise from 2017. However, the pressure for traditional banks to compete with their agile digital rivals is growing, with 35…

Adyen, the payments platform of choice for many of the world’s leading companies, has today launched a new payment service powered by open banking. The new service is an alternative to card payments and takes advantage of the European Union’s Payment Service Directive (PSD2) requirement for banks to create APIs for approved third parties to…

Source: compelo banking @forthropjourno Oakbrook Finance and OpenWrks are two Nottingham-based fintechs using data made available by Open Banking regulations to improve the credit-lending experience for people with poor ratings. sharing. There are many reasons why someone applying for a loan may have a patchy or negligible credit record, but the response from lenders is…

Queensland Energy has moved to get their data holdings in order to meet proposed requirements under the federal government’s impending consumer data right legislation. The government-owned corporation recently hit the market for a strategy to support an “open data strategic vision” for its group of energy utilities. The group of subsidiaries consists of electricity distribution…

Open Banking is set to becoming a “global phenomenon”, according to Yolt’s chief business officer, who announced the FinTech was launching its first API-management service to businesses across Europe. In an interview with FStech to mark the launch of Yolt for Business, Leon Muis said the product was now ready to be white-labelled and rolled…

Starling Bank has become the latest in a wave of British challenger banks to raise new funding from investors, with asset manager Merian Global Investors leading a £75m investment round. Starling said the money would be used to invest in new products and help it launch in the rest of Europe later this year.  …