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Peer2Peer Finance News | January 24, 2018

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Open Banking

Zopa to launch income verification tool using Open Banking

January 15, 2018 |

ZOPA is set to launch a new income verification tool for borrowers as part of its first foray into Open Banking.

The peer-to-peer lending giant, which is building its own Open Banking infrastructure, says loan applicants will be able to … Read More

Money saving app in talks to include P2P in Open Banking offering

January 15, 2018 |

AN APP that helps users monitor forgotten direct debits and avoid going into their overdrafts has been authorised to access Open Banking and is now in talks to include peer-to-peer lenders in its proposition.

The Emma app, which aims to … Read More

P2P lenders gear up for Open Banking launch

January 12, 2018 |

MAJOR peer-to-peer lenders are beginning to get their propositions in order as the Open Banking customer data sharing initiative goes live on Saturday.

Under the new rules, the nine banks with the largest market share are required to adopt and … Read More

Lack of communication holding back trust in Open Banking

January 12, 2018 |

THE success of Open Banking depends on the financial services sector’s ability to earn consumers’ trust, but a lack of communication about the legislation’s benefits means this could be an uphill battle.

Research shows there is still a lot of … Read More

Levelling the playing field

January 9, 2018 |

Open Banking rules come into force this month with the potential to overhaul banking as we know it. Peer2Peer Finance News investigates what the changes mean for peer-to-peer lenders

IT MAY not yet be well known in the wider world … Read More

Four UK banks ready for Open Banking deadline

January 8, 2018 |

JUST FOUR of the UK’s nine largest banks have confirmed they will meet the 13 January deadline for complying with Open Banking regulations.

AIB Group, Danske, Lloyds Banking Group and Nationwide told Peer2Peer Finance News that they will be ready for … Read More

Zopa to build Open Banking infrastructure

December 19, 2017 |

ZOPA is planning on building its own Open Banking infrastructure to capitalise on the new “game changing” legislation.

The peer-to-peer consumer lender, which is also planning to launch a digital bank, said the new product could be used in a … Read More

Nesta names winners of £5m Open Banking fintech prize

December 13, 2017 |

BUSINESS finance aggregator Funding Options and financial services app Bud have been named among the 10 winners of innovation charity Nesta’s Open Up Challenge.

The Open Up Challenge is a £5m prize fund to inspire the creation of next-generation services, … Read More

Consumers need educating about benefits of Open Banking

November 30, 2017 |

MORE needs to be done to improve public awareness of the benefits of Open Banking, a global data and analytics company claims.

GlobalData has urged regulators and third-party providers to educate consumers about the new regulations that come into effect … Read More

City regulator warns against too much Open Banking hype

November 28, 2017 |

THE FINANCIAL services sector must be “careful about the hype” when it comes to Open Banking, the City watchdog has warned.

The Financial Conduct Authority (FCA) has said it will take a while for a “winning formula” to emerge but … Read More