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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.
Find out which companies and individuals from across the Open Banking and Open Finance community have been shortlisted.
TrueLayer partners with The Credit Thing to implement its recurring payments API for the first consumer variable recurring payment transactions in the UK.
The research by Tink found that consumers recognised payment choices have increased, while 82% believe it is easier than ever to make payments quickly and in one click.
Token.io has raised $40 million in a Series C funding round to continue driving the shift from traditional payment methods to Open Banking-enabled account-to-account payments.
