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News

Survey: What do you think about Open Banking in the lending market?

By Ellie Duncan | 23 February 2023

A new industry survey conducted by Open Banking Expo, in association with Equifax, seeks to shed light on how lenders are currently using Open Banking, or how they intend to in the next 12 to 18 months.

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Debt detection app SuperFi to ‘harness power’ of VRPs via TrueLayer

By Ellie Duncan | 23 February 2023

By teaming up with TrueLayer, SuperFi’s users will have a “more reliable approach” to repaying debt, as UK households struggle with the rising cost of living.

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Complaints against BNPL to UK’s Financial Ombudsman on the rise

By Ellie Duncan | 22 February 2023

Exclusive figures obtained by Creditspring via a Freedom of Information Act request revealed 220 complaints against BNPL firms last year.

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DirectID backed by IKEA store owner’s investment business

By Ellie Duncan | 22 February 2023

The credit risk fintech will use the funding from Ingka Investments to launch more predictive models built using Open Banking data and expand into new markets.

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GoCardless adds Nordigen execs to leadership team in readiness for ‘next phase’ of growth

By Ellie Duncan | 22 February 2023

Nordigen co-founder and CEO Rolands Mesters has been appointed to lead the new bank account data group ahead of Open Banking data offering launch.

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Feature: How Saudi Arabia is taking Open Banking from ‘Vision’ to reality

By Ellie Duncan | 21 February 2023

How has the Saudi Central Bank implemented Open Banking and what progress can be expected in the country this year?

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Swedish booking platform Bokadirekt forms partnership with Trustly

By Ellie Duncan | 21 February 2023

By partnering, beauty and health service providers in Sweden will be able to receive instant payment for their services.

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UK hits 7 million active Open Banking users in January

By Ellie Duncan | 21 February 2023

Of the 7 million consumers and SMEs recorded, Open Banking Limited reported that 1.2 million used Open Banking for the first time.

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US fintech Payoneer secures UK e-money license from FCA

By Ellie Duncan | 20 February 2023

The payment platform has plans to expand its footprint in the UK.

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Fintellect chooses Nordigen’s APIs to improve businesses’ financial insights

By Ellie Duncan | 20 February 2023

European businesses will be able to use Open Banking to connect their bank accounts to the Fintellect app.

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  • CFIT secures public and private funding to drive UK financial innovation
  • CGI and Caspian One Open Data accelerate Canadian credit unions’ Open Banking readiness
  • Tamara partners with Lean Technologies to expand credit access by 32% for the workforce
  • Mastercard Open Finance collaborates with social impact platform Dappre
  • UK Government unveils payments innovation package to futureproof UK fintech

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