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Archive for February 2023

Klarna to begin charging UK customers for late payments

By Ellie Duncan | 28 February 2023

UK head Alex Marsh said Klarna did not want to “monetise the misery of customers who fall behind” and has launched a ‘Customer Recovery Programme’.

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Insight: Banks must prepare for the New Payments Architecture transition

By Paul Thomalla | 28 February 2023

Finastra’s Paul Thomalla explains the risks and opportunities that UK banks need to consider amid the transition to the New Payments Architecture.

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Q&A: American Express’ Holly Coventry on why ‘leading from the front’ is critical

By Ellie Duncan | 28 February 2023

Holly Coventry, VP, international Open Banking payments at American Express, reveals why leadership skills are so critical and what she’s hoping to learn from her conversation with Ripple’s Sendi Young at the first meet-up.

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Tazapay adds Open Banking payments in UK and Europe through Volt partnership

By Ellie Duncan | 28 February 2023

Volt’s CRO Matt Komorowski said the partnership “demonstrates the global acceleration of real-time payments across many sectors”.

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Q&A: Freedom Finance’s Emma Steeley on ‘the need for change’ in financial services

By Ellie Duncan | 28 February 2023

Freedom Finance chief executive officer Emma Steeley tells Open Banking Expo she would like attendees of the Women in Open Banking meet-up to leave feeling “empowered and confident”.

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Shanghai Commercial Bank selects Salt Edge to comply with PSD2

By Ellie Duncan | 27 February 2023

The international bank will use Salt Edge’s PSD2 Compliance Solution to create a “bespoke” banking experience for its customers.

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Western Union teams up with Beforepay to enable ‘send now, pay later’ money transfers

By Ellie Duncan | 27 February 2023

Australian consumers will be able to borrow additional funds through Beforepay’s wage-advance product on Western Union’s digital channels.

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NBK Bahrain forms corporate payment partnership with Arab Financial Services

By Ellie Duncan | 27 February 2023

The partnership will improve the payments experience, by giving merchants and corporate customers of National Bank of Kuwait (NBK) Bahrain “smart, secure, and convenient” payments acceptance platforms.

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Q&A: American Express’ Charlotte Duerden on how to build leadership ‘muscle’

By Ellie Duncan | 27 February 2023

Charlotte Duerden, chief customer officer, international at American Express, explains why she is excited about the first Women in Open Banking meet-up in London, and what it takes to build leadership ‘muscle’. 

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A2A payments made to HMRC using Ecospend’s ‘Pay by Bank’ top £2.3bn

By Ellie Duncan | 24 February 2023

The total value of transactions using Ecospend’s technology prior to this year’s Self Assessment tax deadline was 64% higher than in 2022.

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