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Start-up and Nationwide combine to help the 20 million people in Britain with money worries

Today marks the launch of Tully. A FinTech start-up that is free for consumers and created to improve financial education, make it easier for people to manage their money and repay debts faster. The start-up’s innovative approach to money management has caught the attention of like-minded industry names such as Nationwide. Currently, the debt of an average UK household has reached a record £15,400, amounting to a combined total of £482bn across the UK. Hundreds of thousands of people struggle with debt every year and it is estimated that the accompanying physical and mental health impacts resulting from debt stress, costs…

Start-up and Nationwide combine to help the 20 million people in Britain with money worries

Today marks the launch of Tully. A FinTech start-up that is free for consumers and created to improve financial education, make it easier for people to manage their money and repay debts faster. The start-up’s innovative approach to money management has caught the attention of like-minded industry names such as Nationwide. Currently, the debt of an average UK household has reached a record £15,400, amounting to a combined total of £482bn across the UK. Hundreds of thousands of people struggle with debt every year and it is estimated that the accompanying physical and mental health impacts resulting from debt stress, costs…

Credit Kudos raises £2.2m in latest round of funding

Credit Kudos, challenger credit bureau and leader in commercial applications of Open Banking, announced they have raised £2.2m in their latest round of funding.

Gregory Pennington embeds Open Banking data to automate annual customer review process

Gregory Pennington, one of the UK’s largest and longest established debt management companies, has integrated an Open Banking solution, provided by Equifax in partnership with AccountScore, into its annual customer review process.

Nordea forges ahead with plans on PSD2

Nordea forges ahead with plans on PSD2

The biggest bank in the Nordic Region has launched an Open Banking solution that enables corporate customers to access their accounts and integrate real-time data into their own systems and processes. The tool, named Instant Reporting, gives companies access to their accounts, balances and transactions and allows them to complement…

Sbanken casts Nets

Sbanken casts Nets

Norwegian bank Sbanken has selected payment solutions provider Nets to support its Open Banking journey across the Nordics and Europe. Nets’ single integration solution will give Sbanken access to account information in all banks in Norway and beyond through PSD2 APIs. This will enabling Sbanken to develop services for its…

Challengers banks land £280m for SME focus

Challenger banks land £280m to improve SME banking

Three challenger banks have been awarded grants totalling £280m to improve business banking for small and medium-sized enterprises (SMEs). Metro Bank, Starling and ClearBank have been awarded grants of £120m, £100m and £60m respectively by the RBS Alternative Remedies package. The money is part of a £775m fund backed by…

Fintech 'driving wholesale banking'

Fintech adoption driving wholesale banking business goals

Fintechs are increasingly helping financial institutions attain their wholesale banking goals, but the relationship between the smaller firms and large company executives still needs work, a survey has claimed. Reducing operational costs is the way most banking executives cite fintechs enabling them to reach these goals, according to 87 per…

Business leaders failing to capitalise on fintech

Business leaders failing to capitalise on fintech

More than a fifth of businesses in the UK believe decision-makers have not grasped the value and opportunities offered by financial technology providers. In a survey of 500 chief executives, chief financial officers and managing directors of large and medium-sized companies, foreign exchange and payments business Centtrip found a gulf…

Nordea forges ahead with plans on PSD2

Nationwide buys into fintech for business banking boost

Nationwide has invested in a leading fintech, citing its aim to disrupt business banking by delivering “game-changing” customer service both on the high street and online. The building society, the world’s largest, has taken a minority stake in 10x Future Technologies. The fintech will work with the Nationwide to deliver…

Modulr strikes deal with accounting giant Sage

Accounting technology group Sage has partnered with payments fintech Modulr to help clients improve their management of accounting and payroll payments. The deal means businesses will be able to process salary and supplier payments within Sage accounting and payroll products Sage’s. Seamus Smith, executive vice president of global payments and…

Swift opens registry to corporate members

Swift opens registry to corporate members

Interbank network Swift is opening its Know Your Customer (KYC) Registry to corporates, allowing them to exchange data and documents with banking partners, gain efficiencies and prevent duplication. From the fourth quarter of 2019, all of Swift’s 2,000 corporate groups will be able to join the KYC Registry, which already…