Industry news
SBI Investment, Sony Innovation Fund by IGV and existing investors back Token to unlock new value in Open Banking digital payments.
The launch will deliver a higher-converting, lower-fraud payments approach when compared to card and bank transfer.
SYNETIQ has revolutionised its payment processes for its auction customers by implementing HSBC’s Open Payments platform via Open Banking platform, Token.
Tesco Pay+ now has 1.2 million registered users and a transaction using the app takes place, on average, every 1.4 seconds.
The acquisition means the software solutions of Open Banking Europe will be directly integrated into the Konsentus business.
The partnership will aim to deliver enhanced customer lending journeys.
Aon is using Moneyhub’s Open Finance data and intelligence platform with results showing that employees using the financial wellbeing app can save an average of £850 per year.
The expertise of Lithuanian developers, reputation of the country’s regulator and a flourishing fintech scene all contributed to Yapily’s decision on its latest office opening.
More than 2.5 million UK consumers and businesses now use open banking-enabled products to manage their finances, access credit and make payments.
