Together, Fintech Galaxy and FinbotsAI are launching a solution that uses Open Banking data to enhance lending decisions.
UK Finance’s Jana Mackintosh called the model clauses “a stepping-stone to a wider multilateral agreement”.
The account-to-account payment method lets users authenticate and pay friends and family in-app, removing the need for manual data entry.
The JROC report also sets out its plans to create an ‘Interim Entity’, which will be needed for “at least 18 months”.
Consumer-permissioned data platform Truv has the ability to electronically verify income and employment for 95% of the US workforce.
Klarna created the ranking to determine “which countries and which banks are the best and which are the worst at giving access to payment services”.
Banking, finance, energy and road fuels, telecoms and transport are considered “priority” sectors.
The Australian bank has enabled Open Banking for mortgage brokers and their customers through its partnership with NextGen.
The second phase of CFIT’s inaugural coalition is focused on enhancing financial access for vulnerable consumers and SMEs.
What did FDATA North America’s Steve Boms and Fintechs Canada’s Alex Vronces have to say about the government’s plans for a consumer-driven banking framework?
