Report: Publication of Consumer Priorities for Open Banking

A new report (link a bottom of story) is published today which shows Open Banking could realise £18bn value for people and small businesses in the UK over the course of a year. The report highlights the complex challenges ahead to realise this value and sets out a series of priorities for the industry, regulators…

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Lloyds steps up Open Banking surge

Source: Lloyds Banking Group Lloyds Banking Group has launched an app that allows customers to see their current accounts, savings and other features across three of its brands. The new app links Lloyds Bank, Halifax and Bank of Scotland accounts in real time. The group said that under the new system a Halifax current account…

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Bottomline partners with Starling to provide real-time payments

Source: Starling/Bottomline Technologies Bottomline Technologies, provider of financial technology for business payments, is launching its Real Time Payments Express Service in partnership with Starling Bank, which allows banks and corporates to send, receive and track payments in real-time to any UK bank account. Bottomline, who was already the payment technology supplier of Starling, aims to…

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Monzo launches across the pond

Source: Monzo British mobile-only bank Monzo has made its way across the pond to the US this week. Valued at more than $1 billion, Monzo has gradually been growing its customer base in the UK and recently hit 2.2 million customers. Unlike traditional banks, Monzo operates solely on iOS and Android via an app, and…

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Clear Bank: The bank of the future

A multi-million pound grant, an experienced and well-connected management team and a corporate strategy to be envied. Could ClearBank be the first to break the UK banking oligopoly? Joe McGrath investigates…

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