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Industry news

Allica Bank works with Wise to streamline cross-border payments for UK businesses

The challenger bank’s business customers will be able to make global payments directly to 160 countries.

Canada’s Flinks unveils instant payment offering

Flinks Pay is initially available for companies to try in beta and will be fully released in early 2024.

ISX Financial partners with Wix to launch Open Banking solution to UK merchants

Through the new partnership, Wix’s UK merchants will have access to ISX Financial’s full Open Banking orchestration service.

Yaspa enables instant deposit functionality on site at Swiss casino

By combining local SEPA instant payments with Open Banking technology, Yaspa said it is making processing payments easier for Casino Lugano.

UK’s energy regulator Ofgem seeks views on consumer-consented data flows

Ofgem cited Open Banking in the UK and Australia’s Consumer Data Right as examples of “successful consumer consent solutions”.

Engine by Starling selects GFT as implementation partner

GFT will provide design, integration and implementation services for banks that adopt the SaaS platform.

Insight: What is Confirmation of Payee and how can it stop APP fraud?

Dima Kats, chief executive officer of Clear Junction, writes about the need to tackle APP fraud and why Confirmation of Payee is the answer.

Salt Edge and Lloyds Banking Group discuss ‘hype’ around AI, blockchain

During a Powerhouse Panel at Open Banking Expo UK & Europe, Salt Edge’s Stephen Winyard and Jehangir Byramji of Lloyds Banking Group, talked about emerging technologies.

Canadian ecosystem lauds Finance Minister’s plans to ‘make Open Banking a reality’

What do the banking, finance and fintech communities make of Open Banking becoming a reality in Canada?

ClearScore and Plend revamp lending with innovative Open Banking partnership

The Plend-ClearScore collaboration promises to democratise credit options by offering loans that forego traditional credit scores.

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