Industry news

Atom Bank and Newcastle University have set aside three years to conduct research on trust in financial services and how companies can design better digital banking services. The UK’s first bank built exclusively for smartphones and tablets is embarking on a million-pound project with computer science, psychology and banking experts…

Nottingham-based fintech OpenWrks has been named the first company or third party provider (TPP) in the world to be approved by the UK’s Financial Conduct Authority (FCA) and listed in the Open Banking directory.

AIB has launched Ireland’s first industry standard* Open Application Programming Interfaces (APIs).

Token has made history by becoming the first licensed Payment Initiation Service Provider (PISP) to conduct an end-to-end payment through a public bank API.

Online lender iwoca is reporting that it has successfully released Open Banking for all new customers with a Lloyds Bank account. iwoca says it is the first ever business lender to connect with any of the UK’s nine largest banks under the Open Banking initiative, launched in January 2018. The…

Following the UK banks’ ambitious move towards open banking, fintech hubs across the globe have been following suit, leading to a banking revolution that could fast-track the development of fintech—particularly fintech based on personal wealth and spending habits. With Singapore’s authorities taking keen note of this trend, it is no…

Equifax, the consumer and business insights expert, announces the latest development in its partnership with consents.online, integrating Equifax Bank Account Verifier into the Open Banking journey. The new solution means identity information such as the consumer’s name, address and date of birth, can for the first time be matched with…

As a bank that has built its entire reputation on customer service, First Direct is taking a different view to some of its competitors when it comes to Open Banking. Commercial Director Nick Harrison explains the strategy to Open Banking Expo…   Q:         What does First Direct consider to…

A report from the House of Commons Treasury Committee released today explained how hopes were still high for Open Banking adoption within the SME finance space, but urges more ambition.   Open Banking has the potential to bring significant benefits for SMEs seeking finance. Its impact on the market to…

Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services, that accelerates business outcomes for its clients, today announced its collaboration with the Banking Industry Architecture Network (BIAN) to launch BIANs API Exchange. BIANs API Exchange, developed collaboratively by a group including Virtusa, BIAN member…