Fiserv Open Banking survey shows emergence of strategic focus

BROOKFIELD, Wis. & LONDON–(BUSINESS WIRE)–Nov. 27, 2018– Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced the results of a survey revealing insights into the implementation of open banking initiatives by banks in the U.K., Poland, France and Australia. To date, banks have primarily…

A Q&A Session with Biju Suresh Babu, Country Head, Fiorano Software UK

Biju is Country Head at Fiorano Software and sat down with Open Banking Expo to discuss his thoughts on the evolving PSD2 landscape.   How do you think PSD2 will change the financial services landscape? PSD2 will probably be the biggest and most impactful change in banking that our generation…

Experian unveils new Open Banking services

Source: Experian Experian has launched a new set of advanced Open Banking services. Affordability Check and Tennant Vetting Service are both innovations which will empower consumers to better understand and take control of their finances, while offering businesses the insight to deliver improved products and services. Experian is the only…

Westpac warns of “trust gap” hovering over digital identity in Open Banking

Source: it news Westpac technology chief Dave Curran has delivered a reality check to policymakers and the technology sector, cautioning crucial reforms including open banking and digital identity must be better explained and understood by the public if they are to be successful. As the clock ticks down to Australia’s…

PensionBee continues Open Banking integration

Source: FT Fintech company PensionBee has added another personal finance app to its list of open banking partners. The pension consolidator’s clients are now able to see their live pension balance within the Money Dashboard app, which has almost 500,000 registered users. The integration – which follows the partnership with Yolt…

Fiorano launches a single-stack technology platform for PSD2 ASPSP Interfaces

Fiorano Software, the high-performance enterprise middleware and integration specialist has launched a single-stack technology platform for PSD2, designed to help banks securely deliver ASPSP Interfaces in accelerated timeframes. By incorporating all the technology banks require to deliver ASPSP Interfaces into a single bundle, Fiorano is simplifying the compliance journey, in the…

Tandem partners with Stripe to launch auto savings, enabled by Open Banking

Source: Tandem press release Tandem Bank announced that their new ‘Auto Savings’ service will be powered by global payments platform Stripe, allowing customers to set up rules that automatically move money from their current accounts with other providers to a savings account with Tandem. Tandem can create sets of saving…

Nationwide invests in financial management platform

Nationwide has invested in financial management platform Moneyhub, which consolidates accounts from different providers into one place. Using Open Banking and applying AI, Moneyhub can consolidate investments, savings, mortgages, loans and pensions accounts into one place, which users can then share with financial advisers. The technology allows automation of much…

Quovo becomes the first US-based financial data provider granted registration in the Open Banking directory

Source: Press release   Quovo, a data platform providing connectivity to financial accounts, today announced it has become a Registered Account Information Service Provider (RAISP), regulated by the Financial Conduct Authority. The registration, which is applicable across all European Economic Area (EEA) states, makes Quovo the first US-based financial account…

Will niche lenders lose market share from Open Banking innovations?

While Open Banking initiatives are expected to transform the UK mortgage market, a new report suggests that challenger brands may lose market share from the resulting data revolution.   The UK’s largest mortgage lenders will regain the market share that they lost to challenger brands in the coming years, thanks…