News
UK SMEs report difficulty accessing finance from high street banks
New research by Sonovate found that 40% of businesses agreed it is easier to access finance from a fintech lender rather than mainstream banks.
Read MoreQ&A: Ozone API’s Huw Davies on the emerging ‘potential’ of open APIs
Huw Davies of Ozone API also reveals his pride at Ozone API’s work in Saudi Arabia and why the UK needs to play catch-up.
Read MoreOpen Banking Expo Awards 2023 shortlist revealed
This year, 66 companies have been shortlisted, representing the best of Open Banking, Open Finance and Open Payments.
Read MoreFIS: UK financial services ‘more resilient’ to economic headwinds than US counterparts
The research by FIS also revealed differing levels of investment in generative AI among UK versus US financial services firms.
Read MorePaymentology, Mastercard extend collaboration promoting financial inclusion in Northern Central America
Paymentology and Mastercard aim to enable consumers and small businesses in El Salvador, Guatemala and Honduras to “gain access to innovative, safe, and convenient financial solutions”.
Read MorePayPal names Intuit exec Alex Chriss as new CEO and president
Incoming chief executive officer Chriss, who succeeds Dan Schulman, led Intuit’s $12 billion acquisition of Mailchimp.
Read MoreBank of England’s RTGS, CHAPS ‘settling normally’ following outage
The central bank’s payment and clearing systems were both hit by a “technical issue” on 14 August.
Read MoreOFNC urges ‘renewed focus’ on Open Banking and Real-Time Rail in Canada
Open Finance Network Canada has called for the September 2023 Open Banking report to establish “a definitive deadline for implementation and a roadmap” to Open Finance.
Read MoreNigeria’s Moove raises $76m to ‘double down’ on profitable markets
Mubadala and BlackRock have backed the mobility fintech, which provides vehicle financing.
Read MoreTSB and FinTech Scotland Innovation Labs programme opens to fintech applications
Nicola Anderson, chief executive officer of FinTech Scotland, said the programme will “discover and accelerate some of the most innovative fintech companies”.
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