Archive for December 2018
Token and Almoayed Technologies partner to deliver Open Banking across MENA region
Turnkey Open Banking platform provider, Token.io Limited, today announces a partnership with Almoayed Technologies, the MENA region’s leading technology infrastructure development company, to accelerate open banking across the Arabian Peninsula. Ahead of the introduction of Open Banking regulations in Bahrain, also announced yesterday, Almoayed Technologies and Token have been working together to enable fast and…
Read MoreNew Open Banking platform to provide support for bridging lenders
LendingMetrics has announced the launch of its new Open Banking platform OpenBankVision (OBV), which will provide consumer bank account data free of charge to bridging and other finance providers. The platform will allow users to access 90 days of bank statements with no minimum or maximum cap on the number of requests. Finance companies using…
Read MoreFunding Options picks up Open Up Challenge gong
Business finance marketplace, Funding Options, has been announced as one of the winners of the second phase of Nesta’s ‘Open Up Challenge’ – one of only three companies to have won both stages of this challenge. The Open Up Challenge prize is part of a package of reforms from the Competition and Markets Authority designed…
Read MoreApac banks see big benefits from Open Banking for commercial customers
Most large banks in Asia Pacific think providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programmes, and many expect it to help them achieve double-digit revenue growth, according to research from Accenture. According to the study, 90% of large banks in Asia Pacific plan to provide…
Read MoreRBS shrinks but turns to Open Banking
“NatWest and RBS have been shrinking,” said Adrian Smyth, head of payment innovation RBS, at an industry event in London last week. “As a bank we have historically, to be completely fair to us, seen people focus on getting the mandatory compliance aspect through, that’s not lead to a lot for the differentiation, the disruption,”…
Read MoreDouble-digit revenue growth expected by banks who offer Open Banking services to commercial customers
Source: Accenture/Which-50 Most large banks said that providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programs, and many expect open banking to help them achieve double-digit revenue growth, according to a global research report by Accenture. Open Banking enables financial services commercial customers to share…
Read MoreCYBG launches B money management service
CYBG is ready to launch its very own money management aggregation service to its B customers.
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