Industry news
42% of British businesses are keen to integrate Open Banking into their operations, citing the potential benefits of increased security and fraud prevention, according to Payit by NatWest.
Westpac NZ is supporting the rollout of Open Banking in New Zealand by making standard API requests through its systems free for accredited third-party providers, for at least the first 12 months.
Lloyds Banking Group (LBG) has selected Moneyhub to categorise and enrich all retail and non-retail transactions across LBG’s extensive customer base and brands, including Lloyds, Halifax, Scottish Widows and Bank of Scotland.
Personal finance management platform Myne has teamed up with Fintech Galaxy to unlock Open Banking-enabled capabilities across the GCC region, starting with Bahrain.
Open Banking infrastructure provider Konsentus has launched a fully managed Verification of Payee (VoP) service to support banks and payment service providers (PSPs) across Europe.
Trustly has partnered with Sabre Direct Pay, part of global travel technology company Sabre Corporation, to bring its Pay by Bank solution to more travel agencies across the UK and Europe.
ClearBank and Ozone API have formed a multi-national partnership to accelerate the global adoption of Open Banking by combining cutting-edge API technology with real-time clearing and embedded banking expertise.
He will be responsible for helping to deliver the National Payments Vision, and for progressing the FCA’s work on Open Banking.
Juice’s funding round has put it on track to reach a £100 million loan book.
DenizBank AG, which operates in Austria and Germany, will integrate ‘Konsentus Verify’ to automate the process of TPP validation.
