Nationwide Building Society has allocated a further £1.3 billion to a five-year technology refresh, taking its overall spending target to £4.1 billion. The ramp up in spending comes as the institution saw 200 million more mobile app log-ins last year and the app now has two million active members –…
Money management app Yolt has plugged Anorak into its platform, giving users access to personalised and impartial advice from the life insurance specialist. ING-owned Yolt is a free app that lets Brits view their bank accounts and credit cards in one place, promising to give them a real view of…
Open Banking Expo has today announced the appointment of two fintech heavy-weight speakers for its morning and afternoon keynote sessions. Google’s renowned former managing director is confirmed as the morning keynote, who will offer a unique insight on the future of Open Banking. Now MD, Fintech at Blenheim Chalcot, Dan…
Australian challenger bank Judo Capital has selected banking software company Temenos as its breaks into the country’s SME sector. Judo Capital is set to use the Temenos T24 Core Banking, Channels, Analytics and Financial Crime Mitigation solutions to to power its charge into the business banking sector. According to Temenos, the…
Taking advantage of the UK’s new Open Banking environment, Barclays has introduced a feature that lets customers view current accounts from several other banks within its mobile app. Customers who have a personal or business current account with Lloyds, Halifax, Bank of Scotland, RBS, NatWest, Nationwide or Santander can now…
Banking is perceived to be a conservative industry, but necessity is now forcing the sector to seriously consider the opportunities presented by artificial intelligence (AI) and automated decision-making. On one level, the United Kingdom’s Competition and Markets Authority’s Open Banking revolution is really forcing banks to rethink how they use…
Open Banking could drive down the cost of advice, participants at a recent roundtable hosted by Bravura Solutions Limited (Bravura) predicted. The attendees, which included senior platform executives, workplace savings providers and financial advisers, believe the use of banking data would not only improve the standard of advice in the…
The Open Banking Implementation Entity (OBIE) is pleased to announce the publication of the Open Banking Standards, version 3. This update builds significantly on the version of the Standards that launched in March 2018, effectively giving account providers who implement them in full, a solution that complies with the EU’s…
As Australia prepares for its new Open Banking standards and the Consumer Data Right, Priviti, the global fintech company, is helping banks get ready to comply with new legislation and empower consumers with greater control over how their personal data is shared. Its extensive experience with global data protection laws…
New-Zealand-based cloud accounting platform Xero has announced the imminent release of an open banking API. The full featured API will allow banks, fintechs, and financial institutions to integrate with the platform with minimal development, the company said. As a result, data can be imported via direct bank feeds, allowing for…
