Industry news
As government-backed support in the form of CBILS and BBLS come to an end, Open Banking Expo brought together a panel of commercial lenders to discuss the future of SME lending.
The five-day hybrid event will gather senior decision makers from high street banks and fintechs to discuss global themes including banking as a service and financial inclusion, with keynote speaker Ron Kalifa.
HeyTrade, which launched in June 2020, will use Open Banking payments to provide instant account funding to users.
Todd Clyde said that Open Banking APIs have removed the barriers to access that meant account-to-account payments were seen as niche and alternative.
Open Banking can help everyone benefit from the post-pandemic recovery, according to Jason O’Shaughnessy of Envestnet | Yodlee.
The Payment Systems Regulator is inviting views on the impact and progress of Confirmation of Payee following implementation by the UK’s six largest banks as it prepares to rollout phase two.
The Australian bank’s venture-scaling entity said that xStack is a ‘venture-in-a-box’ platform.
The partnership will mean Square can offer ACH payments to US merchants without ‘worrying’ about bank authentication or managed payment ‘complexities’.
The new six-month extension for implementing strong customer authentication has been granted to ensure ‘minimal disruption’ to merchants and consumers.
