Posts by Newsdesk

Source: Starling Starling Bank, the leading mobile-only bank recently voted Britain’s Best Bank 2018, has become the first mobile-only bank to partner with the Post Office to offer Everyday Banking services to its customers. The partnership will allow Starling current and business account customers to deposit and withdraw cash through the Post Office’s 11,500 branches…

After years of mumbling that there was “no margin” in small business banking, will traditional banks think again about how they serve SMEs?   Traditional banks should heed warnings about the itchy feet of their small business clients. A lack of appetite for risk has left many traditional high street brands with no interest in…

CEO at Open Vector, Carlos Figueredo, spoke with Open Banking Expo to offer insight into his thoughts on the Open Banking landscape and the current ‘state of play’ ahead of the event later this month. 1.What opportunities does Open Banking offer your business? Open Vector was established specifically to assist governments, regulators, fintechs and financial institutions…

Emirates NBD API sandbox is now live setting the stage for collaboration in an Open Banking environment. The API sandbox makes Emirates NBD more accessible to developers with API technology. This will boost the bank’s role in accelerating the region’s innovation ecosystem as well as creating increased value for its customers and partners. The Open…

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 to understand why customers distrust…

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 UK has been the leader…

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 wonder that Finastra named Singapore…

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 transaction data provided through Open…

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 be the opportunities from Open…