Deal means October will use Yolt’s AIS to utilise Open Banking data in its credit assessment process for SME lending in five European countries.
Swedish Open Banking payments platform Trustly acquires British Open Finance technology company Ecospend to further accelerate its expansion in the UK.
The “market-first pilot” saw the payments made by NatWest customers to Charity Right and lettings software provider Pink Chilli, supported by GoCardless and TrueLayer, respectively.
The collaboration will see Mastercard make a strategic investment in Saudi Arabia’s HyperPay.
Penny teams up with CRIF to help UK SMEs get their invoices paid instantly, better manage their cashflow and improve their creditworthiness.
Yapily partners with B2B BNPL start-up Two to help businesses access credit via BNPL and Open Banking.
The fight against APP scams has some way to go, according to the Lending Standards Board’s Emma Lovell, who writes that prevention in an increasingly expansive payments landscape cannot solely lie with banks and lenders.
Ger Kelly, head of Open Banking at Comma, explains how Open Banking in the UK has levelled the playing field between banks and their business and retail customers.
Companies will be able to access data from both regulated financial institutions and non-regulated data sources through a single platform.
The savings app for first-time buyers Nude has selected GoCardless to gain access to both Direct Debit and instant Open Banking payments through a single integration.
