Banking the unbanked

Insight: The future of finance is ‘Open’

Finastra’s Eli Rosner explains what the findings from its latest ‘State of the Nation’ survey reveal about the Open Banking and Open Finance landscape.

FDX announces Jason Chomik as new Canadian director

Chomik comes to FDX after 25 years in the payments and digital transformation industry.

UK contactless card limit increases to £100

New limit will apply from 15 October 2021, UK Finance said, and acknowledged the hard work of the payments industry to ‘put in place the infrastructure to enable retailers to update their payments systems’.

Credit Kudos partners with Moneybarn

The Open Banking partnership will enable the motor finance company to ‘enhance affordability and risk assessments’ and speed up the lending decision process.

Currencycloud announces COO and CTO hires

Mark Ledsham joins from XE.com and Neil Drennan from 10x Future Technologies in the new roles.

Feature: One year into Australia’s CDR, can banks step up?

Just over a year into the Consumer Data Right and Australia appears poised on the edge of Open Banking, as Ellie Duncan reports.

TrueLayer chooses Dublin for European HQ

Dublin is ‘EU’s fintech centre of choice’ according to Joe Morley, who has been named TrueLayer’s general manager for Europe, while former WhatsApp executive Leigh-Anne Cotter joins as COO for Europe.

National Bank of Canada backs Flinks with $103m investment

The fintech will use the investment, which includes $30 million in growth capital, to accelerate its expansion plans in the US.

UK bank account fraud on the rise

The research by Experian based on data from the National Hunter Fraud Prevention Service showed that bank account fraud is tracking at its highest level in three years.

Q&A with Token’s Tim Waller

Open Banking Expo’s Ellie Duncan caught up with Tim Waller, head of legal and policy at Token, to discuss the European regulatory landscape, what the payments industry can do to instil confidence in consumers, and what lessons the UK and EU can learn from Singapore and Hong Kong.