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Peer2Peer Finance News | April 22, 2018

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Open Banking

Security concerns remain major stumbling block for Open Banking

April 16, 2018 |

CONSUMER concerns over digital security are a major stumbling block for Open Banking, according to new research.

A survey by banking software provider Crealogix Group showed that 46 per cent of consumers are concerned about the security implications of Open … Read More

Open Banking firm joins UK trade mission to NY Fintech Week

April 13, 2018 |

UK OPEN Banking specialist The ID Co. is joining the government’s trade mission to New York Fintech Week, ahead of its US expansion.

The Edinburgh-based firm was selected by the Department for International Trade (DIT) to join the mission, which … Read More

Millennials snubbing cards for digital currency

April 11, 2018 |

MILLENNIALS are rejecting credit and debit cards for wearables and mobile phone wallets, research claims

A poll by banking software provider Crealogix Group, found 44 per cent of under-35s have never used a credit card while 11 per cent said … Read More

Open Banking: What you need to know

March 26, 2018 |

Myles Stephenson, chief executive at business payment solutions provider Modulr, delves into the fine print of Open Banking regulations 

It is two months since the revised Payment Services Directive (PSD2) was drafted into national law in some EU member states.

One … Read More

Open Banking prompts UK fintechs to reassess collaboration partners

March 22, 2018 |

UK FINTECH firms are embracing Open Banking and are reconsidering who they collaborate with as a result, new research claims.

A report from accountancy firm EY, released on Thursday, found that 59 per cent of UK fintech firms see Open Banking … Read More

Open Banking has “returned power to consumers”

March 14, 2018 |

ONLY half of consumers have switched banks despite many more experiencing problems with their current provider, but Open Banking is predicted to change that.

Research by mobile banking software firm Crealogix UK, released on Wednesday, found 82 per cent of … Read More

Nesta launches new £2.5m Open Banking competition

March 1, 2018 |

INNOVATION charity Nesta is seeking fintech firms for the the next phase of its Open Up Challenge.

The £2.5m prize aims to find ideas that will promote competition and services for UK small businesses, making it easier for them to … Read More

Most people in the dark about Open Banking

February 27, 2018 |

THE MAJORITY of UK consumers are still unaware of Open Banking, according to new research.

The data-sharing scheme, which was launched in January this year, mirrors the EU’s Payment Services Directive II, mandating high street banks to share anonymised customer data … Read More

Open Banking could provide £1bn boost for UK economy

February 26, 2018 |

OPEN Banking could add more than £1bn annually to the UK economy and support up to 17,000 jobs, new research claims.

The new data-sharing initiative, which mirrors the EU’s Payment Services Directive II, mandates high street banks to share anonymised customer … Read More

Lending Works unveils Open Banking partner

February 19, 2018 |

LENDING Works has partnered with credit reference start-up Credit Kudos to provide its Open Banking infrastructure.

The peer-to-peer consumer lender said on Monday that its borrowers will use Credit Kudos to automate the process of applying for credit by removing … Read More