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Updates on the Open Banking Future Entity and long-term regulatory framework came out of the Mansion House speech.
Now in its ninth year, Open Banking Expo UK & Europe, with headline partner Token.io, will bring together regulators, banks, fintechs, payment providers, technology leaders and innovators.
Integrated commerce platform Wollette is using Yapily’s infrastructure to enable automated wallet funding and support its one-tap account-to-account payment experience.
Paragon’s savings app, Spring, is using Moneyhub’s Open Banking technology to support new digital services, starting with a Cash ISA that allows customers to automate tax-free contributions directly from their current accounts.
Bank payment company GoCardless has expanded its long-standing strategic partnership with Sage to incorporate its Open Banking payment feature, Pay by Bank, directly within Sage Business Cloud Accounting.
The UK government has announced new measures to strengthen the SME finance ecosystem, including plans to accelerate the development of Open Finance with an initial focus on SME lending.
The debt consolidation loan will automatically find and settle a customer’s existing borrowing directly with lenders in a single monthly payment.
The government published its Smart Data Strategy 2035 in March this year.
Through the partnership, Scottish Power’s advisers will have a clearer understanding of customers’ financial circumstances and assess them for forms of financial support more quickly.
Merchants and consumers will influence the payment options and rails that banks make available, according to the global head of account-to-account payments at ACI Worldwide.