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Industry news

Debt detection app SuperFi to ‘harness power’ of VRPs via TrueLayer

By teaming up with TrueLayer, SuperFi’s users will have a “more reliable approach” to repaying debt, as UK households struggle with the rising cost of living.

Complaints against BNPL to UK’s Financial Ombudsman on the rise

Exclusive figures obtained by Creditspring via a Freedom of Information Act request revealed 220 complaints against BNPL firms last year.

DirectID backed by IKEA store owner’s investment business

The credit risk fintech will use the funding from Ingka Investments to launch more predictive models built using Open Banking data and expand into new markets.

GoCardless adds Nordigen execs to leadership team in readiness for ‘next phase’ of growth

Nordigen co-founder and CEO Rolands Mesters has been appointed to lead the new bank account data group ahead of Open Banking data offering launch.

Swedish booking platform Bokadirekt forms partnership with Trustly

By partnering, beauty and health service providers in Sweden will be able to receive instant payment for their services.

UK hits 7 million active Open Banking users in January

Of the 7 million consumers and SMEs recorded, Open Banking Limited reported that 1.2 million used Open Banking for the first time.

US fintech Payoneer secures UK e-money license from FCA

The payment platform has plans to expand its footprint in the UK.

Fintellect chooses Nordigen’s APIs to improve businesses’ financial insights

European businesses will be able to use Open Banking to connect their bank accounts to the Fintellect app.

UK government and regulators need to take ‘decisive action’ after release of SWG’s final report

The publication of the Open Banking SWG’s report to JROC also revealed need for industry to work together to “unlock” potential of VRPs.

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