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News

NatWest: 42% of UK businesses would adopt Open Banking for increased security

By Kelly Shave | 16 May 2025

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.

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Westpac NZ backs Open Banking with free standard API calls for fintechs

By Kelly Shave | 16 May 2025

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.

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Lloyds Banking Group selects Moneyhub as data enrichment partner

By Kelly Shave | 15 May 2025

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.

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Fintech Galaxy to power Myne’s Open Banking push in GCC

By Kelly Shave | 15 May 2025

Personal finance management platform Myne has teamed up with Fintech Galaxy to unlock Open Banking-enabled capabilities across the GCC region, starting with Bahrain.

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Konsentus rolls out fully managed Verification of Payee service across Europe

By Kelly Shave | 14 May 2025

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.

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Trustly expands travel sector footprint through Sabre Direct Pay partnership

By Kelly Shave | 14 May 2025

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.

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ClearBank and Ozone API team up to drive global Open Banking

By Kelly Shave | 13 May 2025

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.

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David Geale made permanent managing director of PSR

By Ellie Duncan | 12 May 2025

He will be responsible for helping to deliver the National Payments Vision, and for progressing the FCA’s work on Open Banking.

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UK-based SME lender Juice raises £25m in funding

By Ellie Duncan | 9 May 2025

Juice’s funding round has put it on track to reach a £100 million loan book.

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Konsentus chosen by DenizBank AG to support Open Banking operations

By Ellie Duncan | 8 May 2025
The city of budapest at sunset

DenizBank AG, which operates in Austria and Germany, will integrate ‘Konsentus Verify’ to automate the process of TPP validation.

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